Sales down 14% Inventory surges 28% in Denver in June Mortgage rates drop.

Sales down 14% Inventory surges 28% in Denver in June Mortgage rates drop.

The Denver metro real estate market has performed a sudden U-turn with inventory up 28%, sold homes down 14%, and days on the market up 23%.    This is the highest amount of inventory since October 2013.  At the same time prices have held steady while mortgage rates...
New Lakewood  initiative cuts building 300%, builders cringe, prices skyrocket, what about Denver?

New Lakewood  initiative cuts building 300%, builders cringe, prices skyrocket, what about Denver?

After being tied up in litigation for years, Lakewood Colorado just passed a new initiative to substantially limit growth. The initiative limits new residential development to 1% of the existing housing stock and would require city council approval of any large...
2018/19 epic snow and revenue for ski towns, one number paints a different picture

2018/19 epic snow and revenue for ski towns, one number paints a different picture

The 2018/19 season was Epic (or Ikonic depending on your pass preference) with every major resort posting record sales tax revenue, occupancy, and lodging rates.  At the same time real estate continued to skyrocket in most mountain communities.  With all this good...
Invest in Denver real estate on “layaway”?

Invest in Denver real estate on “layaway”?

A new Chilean company, BrickOp, has a “novel” plan to help investors buy their first piece of real estate with absolutely no money out of their pocket.   Sounds like a great deal! Should you do an investment like this? Buy real estate with no experience and no risk,...
Colorado passes new min wage law, impact on you and real estate, will the “experiment” work? What about the bear?

Colorado passes new min wage law, impact on you and real estate, will the “experiment” work? What about the bear?

I took the picture above on a trail run earlier this week outside of Steamboat when I met up with a very large “friend”.  This was the biggest black bear I have seen in Colorado.  What does this have to do with min wage?  Absolutely nothing, but thought...

Breckenridge extends ski season to Memorial day, should real estate owners get excited?

Vail resorts, the owner of Breckenridge, Vail, Keystone, and Crested Butte, announced that Breckenridge would stay open until Memorial Day (one month longer than their original closing date).  They will close one month later in future years.  At the same time, they...