In times of economic uncertainty, high net worth individuals focus on safety. From Government securities like 10 year treasuries, to municipal bonds, and gold. There is another trend emerging that Colorado real estate is being placed in the “safe haven” category. ...
Do residential rental properties with one to four units and second-home mortgages carry more risk? Apparently so says the U.S. Treasury Department. Such loans underwritten by Fannie Mae and Freddie Mac will end up costing you more under restrictions quietly announced...
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...
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...
With interest rates hitting historic lows, why will property owners in Colorado ski towns from Steamboat to Telluride get much higher interest rates than Denver? (Do you know where I took this pic?) Why will locals in the resort communities get hit hardest? What...
Aspen is leading the way in regulating short term rentals. The five-member board unanimously approved a policy resolution that would allow amending the municipal land-use code to require vacation rental properties to acquire a business license. On the surface...
As well-paid knowledge workers who can do their jobs anywhere now flock to these “Zoom towns,” home prices are surging and housing inventory is dwindling. What is a “zoom town” ? How is Colorado benefiting from this new trend? What towns qualify as "zoom" towns?...
Do you know where I took this picture in Colorado? I wrote back in June about big changes coming to Colorado's resort communities. What has happened since June? Were the predictions accurate? Where does ski real estate go from here? The great urban exodus is...
I hope everyone is doing well. I wanted to share a bit of irony. The "call before your dig" line in Colorado was recently out of operation as someone ironically didn't call before they dug and hit all the lines going into the operation center. On to the news... ...
As we all know, the ski season was abruptly cut short on one of the busiest days of the year due to the Colorado Governors orders to prevent the spread of the Coronavirus. It was bound to happen, a California skier filed suit against Alterra alleging breach of...
First, I hope each of you and your family are doing well in these challenging times. Above is a pic of my new office, I’m doing my part to be socially distant 😊 (do you know which mountain this is at?) The coronavirus is rapidly impacting the...
I was recently at a major grocery store in Steamboat and toilet paper and water were both sold out; this is a bit perplexing as if there is no water, how are you going to flush the toilet? Did you know that Colorado has a metric to predict the next recession that is...
Summit County (Breckenridge, Silverthorne, Frisco) is set to adopt a sustainable building code that would require new residential construction in the county to be among the most energy efficient in the nation (Zero Energy Ready). This new building code will increase...
Vail resorts recently announced that skier visits through January 5th are down 7.8% across all its resort properties while lift ticket revenue was flat. With prices not increasing, how are visits down yet revenue still flat? What does this have to do with one ski...
Do you know where I took the picture above? (e-mail me if you know, the mountains should provide a hint :). Ski magazine came out with their annual list of top ski destinations. Colorado took the crown with 5 of the top 10 ski destinations which accounted for almost...
In US news and World Report’s annual listing of the 25 best small towns in America, Colorado’s ski towns take the crown landing 3 in the top 15. Although it is no surprise that Colorado has become a coveted destination, I was surprised at what all 6 ski towns on the...
According to the Denver Metro Association of Realtors, Denver metro new real estate listings fell 12% in October, number of sales dropped 6.4%, and sold prices stayed basically flat. In addition, homes for sale in colorado dropped. Don't worry, the sky is not falling...
Lending Tree ranked the 50 most expensive towns in the US by looking at home values and median income to determine affordability. My top three choices in Colorado for least affordable markets would be: Aspen, Telluride, and Vail; not one was on the list! Who made...
According to the Summit County association of realtors sales in July are down 18.3% in July and 15% for the year to date while Vail was up 47% in July and down about 4% for the year. The decline is being attributed to a “lack of inventory”. Is there more going on...
Breckenridge, Steamboat, Vail, Winter Park, and Telluride have all achieved record sales tax revenue this season. You aren't imagining it, the mountains are getting busy! What is driving these all-time records? How does this impact real estate? Will real...
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,...
Bloomberg recently did a study to determine the best places in the United States to own a vacation home. I took the pic above outside of Breckenridge. Colorado scored the highest of any state with 5 of the top 15 spots. What cities were on the list? Why are these...
As nightly rentals balloon throughout Colorado so have issues and regulations. Summit County (Breckenridge, Keystone, Copper Mountain) is the most recent county to get on the bandwagon of regulating rentals. Why are the regulations so important that are coming down...
2019 is on track to be a great snow season in Colorado with many resorts opening with the most terrain in the last 15 years. Is mountain real estate in 2019 going to be as good as the snow? What areas should you look to invest in? Before getting into the top 3...
