Denver fines short term rental companies 1k, mountains and burbs not far behind

Denver officials will now fine short-term rental companies $1,000 for each illegal short-term rental transaction, City Council determined 11/20.  Littleton also passed a new ordinance to regulate short term rentals.  Is the new focus on nightly rentals unique to...
Denver’s inventory plummets 73%, prices jump 28%, Breck jumps 51%   

Denver’s inventory plummets 73%, prices jump 28%, Breck jumps 51%   

What a year Covid has brought to Colorado real estate.  From Denver to the resort communities, inventory has plummeted while prices have soared.  What caused this huge jump in prices?  Will the inventory increase in Denver and other markets?  Where do we go from here...
8% of mortgages in forbearance, where will the defaults be in Colorado? Should you be worried?

8% of mortgages in forbearance, where will the defaults be in Colorado? Should you be worried?

Almost 6% of all homeowners (8% of one type of loan) are “stuck” in some sort of forbearance.  Unfortunately, the number of borrowers in forbearance has barely budged recently with no end in site.  What does this mean for defaults?  Why is one mortgage type...
The time bomb coming to Colorado Housing

The time bomb coming to Colorado Housing

I’m amazed that there hasn’t been any major press on the impending time bomb heading for Colorado’s real estate especially in Denver and the resort communities.  Nearly 500,000 federally assisted apartments or rental homes can revert to market rents over next five...
2021 Colorado Real Estate Market predictions: Who will win & Lose?

2021 Colorado Real Estate Market predictions: Who will win & Lose?

Happy New Year! It is time for my annual Colorado real estate predictions. How did I do last year?  I did really good especially with the uncertainty of the virus! (see below) 2021 is shaping up to be pretty exciting from a real estate perspective!  The main economic...