Articles from a Denver hard money lender on Denver sales, operating costs, property taxes, AI exposure and the bills moving through the Colorado legislature.
Last week, I did a survey of my readers who are real estate pros in Colorado (realtors, bankers, title companies, appraisers, assessors, etc…) to see the impact of the midterms on Colorado real estate. The graph above was not initially profound, but did make me...
In my blog last week Colorado real estate sales plunge 28%, will prices fall off the cliff I asked the question what happens to real estate prices in Denver next year. The experts have spoken and the results were resounding, and a bit surprising. What do real...
I was amazed at the recent statistics with single family sales falling off a cliff in the Denver metro area and in many markets throughout the state. Take a look at the chart above I created of 8 counties in Colorado. The huge decline in sales is not limited to...
I was floored at the recent study showing that Denver has now surpassed New York City for most expensive place to run a restaurant. How is it possible that it is more expensive to operate in Denver than other large cities throughout the country? What was in the...
A recent report ranks Colorado as the 4th most expensive State in the entire country and has increased every year in the rankings the last four years. Is Colorado becoming Whole Foods with high prices on everything? How should this change your investing decisions in...
In Colorado there seems to be a pervasive theory that the entire state should focus on a few outliers even if it means higher taxes and costs for everyone else and there is no longer a pragmatic approach to anything in Colorado. A recent example is a Colorado Supreme...
AI is the hottest term on Wall street with stocks tanking or zooming based on their AI longevity. Can the same be said about real estate? Are some real estate markets better positioned for AI than others? How exposed are Boulder and Denver to the coming AI...
If anyone were running a profitable business the way the state of Colorado operates, they would be out of business immediately. Colorado has created new programs that now lose ten dollars for every dollar in revenue. What does this mean for your taxes, real estate,...
It has been an interesting year for the Colorado Legislature. After a brutal year for property owners last year, this year was not as bad with no huge bills impacting property owners. We can thank Governor Polis for putting business interests back at the...
The Pueblo wildfire grew from 40 acres to 30 thousand acres in one day at the same time fire weather watches are up and winds are howling throughout the state. Two fires start near Campgrounds/lakes and yet the fire chiefs proclaim they have no idea how the fires...
This week, U.S. News and World report again released its popular ‘best places to live’ ranking, and once again, Colorado got snubbed in a big way. Just two short years ago Colorado Springs ranked as the 3rd-best place to live in the United States in the same report...
Colorado property insurance costs have roughly doubled since 2020 placing Colorado in the top spot of insurance increases in the entire country. What is the top factor driving Colorado insurance rates much higher than the national average (it is not...
Colorado is losing businesses and jobs at an alarming rate. The Colorado Chamber of Commerce has been sounding an alarm for years about excessive regulation and last year more people moved out of Colorado than into the state. Not only are people leaving but...
In a stinging defeat Lakewood Colorado voters easily defeated by a 2 to 1 margin proposed zoning changes that would have allowed duplexes and triplexes anywhere in the city. The special election vote strikes a blow against those who have been pushing for more density...
Home values in Denver are falling faster than any other major metro area tracked by a key index, earning the Mile High City a dubious distinction as the weakest housing market in the nation. From the chart above it looks like Denver is in a free fall compared...
Condos were once the hottest real estate in Denver and throughout the front range and now suddenly the tides have turned. Days on the market have jumped, prices are down, and sellers are now in a panic to dump properties. Is now a good time to...
Colorado has continued pushing for statewide zoning in the last several legislative sessions. The new proposal, House Bill 26-114 would radically alter every community in Colorado. The new bill mandates 2k foot min lot sizes statewide (no exceptions for any cities)....
As part of an ordinance passed by Denver City Council in 2019 to get the city’s lowest earners to a better wage and then link annual pay raises to the Consumer Price Index starting in 2023, Denver’s min wage has jumped 70% in the last 6 years. This has put Denver in...
In the legislature, it appears the biggest struggle for Coloradans is “$20 beer at a Nuggets game, the $10 water at the airport or the $80 Tylenol at the emergency room,” state Rep. Yara Zokaie, a Fort Collins Democrat, said during a news conference at the state...
After the Marshall fire, the state of Colorado embarked on a process to eliminate private property insurance. The first step the legislature took was to implement a study of why clean up from wildfires was inadequate and why insurance companies should be on...
With the stroke of a pen, President Trump has radically altered federal law in regard to Cannabis. The big news is that Marijuana is no longer in the same classification as heroin. What does this mean for Colorado’s Cannabis industry? How will this impact Colorado...
This election in Colorado is following similar patterns of tax and spend. I wish one of these elections we could vote to reduce taxes and spending! Did voters in Denver approve 1 billion in new spending? What ski town proposed a 17% short term rental tax? What...
Take a look at the chart above from the Colorado Association of Realtors. From the chart it looks like Denver real estate prices are staying constant or slightly rising. Now, look at the chart below from Zillow for single family for the same time period. The...
A ton of big economic changes have occurred during the first half of the year including tariffs, higher than predicted interest rates and now substantial recession talk. What does this all mean for Colorado real estate for the remainder of 25? Will prices...
