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...
60 percent more realtors, what does this mean for Colorado real estate prices?

60 percent more realtors, what does this mean for Colorado real estate prices?

The top job-related search between January 2021 and January 2022 was “how to become a real estate agent.” More than 60% more people became realtors during the pandemic.   What is this statistic telling us about future real estate prices in Colorado? What was in the...
Breckenridge plunges 28%, Steamboat down 22%; what is causing the huge slowdown?

Breckenridge plunges 28%, Steamboat down 22%; what is causing the huge slowdown?

It is not surprising that Colorado ski towns like Breckenridge and Steamboat are finally slowing down.  After years of double-digit price gains, are the mountains finally turning a corner?  Is the big slowdown due to the nightly rental regulations restricting the...