Steamboat’s occupancy plummets, revenues soar, what is going on?

Steamboat’s occupancy plummets, revenues soar, what is going on?

Steamboat’s occupancy rate “supposedly” plummets 13% from last year, yet accommodation taxes are up an astonishing 48%.    Why is it important to focus on occupancy and sales taxes? How accurate are either of these numbers?  What does this mean for...
Breckenridge records lowest occupancy rates since 2015; will real estate follow?

Breckenridge records lowest occupancy rates since 2015; will real estate follow?

  The headline in the Summit Daily sound ominous: Summit County servers stung by lack of visitors with lowest occupancy rates since 2015.  From the headlines it sounds like Breckenridge is in a free fall.  Is it really? What is going on in Breckenridge...
Extreme bidding wars set to continue in Denver, Housing enters a national recession

Extreme bidding wars set to continue in Denver, Housing enters a national recession

The Denver Metro Association predicted “extreme bidding wars” will continue in their August Newsletter.  At the same time the National Association of realtor’s chief economist said: “We’re witnessing a housing recession in terms of declining home sales and home...
New Short Term rental tax 20.4%, what does this mean for real estate?

New Short Term rental tax 20.4%, what does this mean for real estate?

While other mountain towns implemented taxes and regulations on short term rentals, Steamboat was a bit late to the party.  Locals were not happy and elected a new council.  The new ballot question will raise the short term rental tax to 20.4%.  Will this pass in...
Denver a top ten “outflow” destination with more looking to leave

Denver a top ten “outflow” destination with more looking to leave

A record 32.6% of Redfin.com users nationwide looked to move from one metro to another in the second quarter, up slightly from 32.3% in the first quarter and roughly 26% before the pandemic.  Denver was recently named by Redfin a top “outflow” destination with...
Denver real estate predicted to increase appreciation this year and next year

Denver real estate predicted to increase appreciation this year and next year

Well’s Fargo just released its midyear housing update and from the surface it looks rosy for Denver and Colorado.  How accurate are their assumptions?  Will Colorado real estate continue to increase in light of an impending recession? Hint, don’t get too...