Real Colorado property tax reduction on the ballot in 2024

Real Colorado property tax reduction on the ballot in 2024

I wrote last week about proposition HH to eliminate Tabor under the guise of property tax relief.  It is a bit ironic that it was just announced that there is a new property tax initiative that qualified for the 2024 ballot, initiative 50.  The new initiative would...
Colorado mortgage payments set to skyrocket even if you have a fixed mortgage

Colorado mortgage payments set to skyrocket even if you have a fixed mortgage

Nobody is talking about the impending storm coming for Colorado property owners.  Even with fixed rate mortgages, payments are set to skyrocket next year.   What will cause everyone’s payments to jump in 2024 on top of large increases already for 2023...
Colorado Foreclosure filings, where are they and what does this mean for values? What is the number one driver of foreclosures?

Colorado Foreclosure filings, where are they and what does this mean for values? What is the number one driver of foreclosures?

Many counties in Colorado are now using an online auction program for foreclosure sales which provides an interesting comparison of where distressed real estate deals are occurring.  Denver, the most populous county in Colorado, is not even close to the top of...
What to expect in Colorado real estate the second half of the year; will the party continue?

What to expect in Colorado real estate the second half of the year; will the party continue?

Wow, the first half of 2023 has been relatively good in real estate throughout most markets.  Volumes are down substantially, but there has been little movement in prices.  Even with higher interest rates, most areas have stayed relatively flat, but the...
91% believe rent “stabilization” in Colorado should be implemented, what happened in the legislature?

91% believe rent “stabilization” in Colorado should be implemented, what happened in the legislature?

In a recent survey done by New Era Colorado where they polled 506 Coloradans between 18 and 34, a whopping 91% supported “rent stabilization” policies.  The legislature is hearing this drumbeat loud and clear.  The biggest focus of this legislative session has focused...
Mushroom theory got kicked apart in Denver real estate, what does this mean for prices?

Mushroom theory got kicked apart in Denver real estate, what does this mean for prices?

For the past 15 years or so, my “mushroom theory” was an amazing tool (no I’m not talking about the magic mushrooms that were approved by voters).  Up until Covid the mushroom theory worked like a charm to predict price appreciation in cities like Denver, but...