A new Ballot proposal, 108, will be voted on in November to “divert to” (aka give) the state of Colorado an additional 270 million dollars of taxpayer’s money for affordable housing. What is in the new proposal? How effective will a statewide fund be? What can we...
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...
In Portland, the homeless population has increased 50% since Covid due to rapidly increasing house prices. The same has happened in Denver, with the homeless population doubling from 20 to 21 while at the same time spending has increased to half a billion a year...
Summer has come in with a roar in the Denver metropolitan area as inventory in June jumped 76% year over year. What has caused the huge jump in inventory? What does the change in inventory mean for prices? How will Denver real estate perform compared to the...
Colorado is an odd state, prior to last year, you were unable to buy full strength beer in grocery stores. In almost every other state, you can walk into a grocery store and buy wine/beer, but not in Colorado. In many states you can even buy liquor in grocery and...
Denver just passed an “affordable housing program” with new requirements for low-income housing. Multifamily will have large requirements for low-income housing that will drastically alter the type and number of units constructed. Furthermore, all property...
Allot has changed in the last six months. Interest rates have skyrocketed, appreciation has continued, and inflation continues to roar. How does this impact my prior Colorado real estate predictions? Where does Colorado real estate go in 2022? Will the staggering...
With initiative 74, which I wrote about last week, looking to likely pass, legislatures agreed to a last-minute compromise to try to avert a showdown over initiative 74. The solution, Senate Bill 238 to reduce property taxes. Unfortunately, the math doesn’t add...
In rapidly increasing markets, everyone is an expert! Unfortunately, the real estate investments market is transitioning and there will be winners and losers. Everyone always touts location, location, location to pick winning properties/areas? Is...
Spring has come in with a roar in the Denver metropolitan area as inventory from February to March jumped 81%. What has caused the huge jump in inventory? What does the change in inventory mean for prices? How will Denver real estate perform compared...
About two out of every three homes in America are underinsured. The average underinsurance amount is about 22%, though some homes are underinsured by 60% or more. We saw this firsthand with the Marshall fire and pretty much every natural disaster in Colorado. ...
Facing a tough midterm election and divisions in Congress, the Biden administration is sidestepping the politically sensitive issue of loosening marijuana laws even as the idea has gained support of most Americans. With no movement at the Federal level, what does...
With rent prices skyrocketing not just in the Denver metropolitan area but throughout Colorado, rent control is back in the legislature with big changes for property owners, prospective purchasers, and tenants. The current focus is on mobile home parks with sweeping...
Housing affordability top priority for Colorado legislature, will they tax nightly rentals as commercial properties? “My No. 1 priority this session is to bring down the cost of living in Colorado,” House Speaker Alec Garnett, a Denver Democrat, said in his opening...
Denver just released an “affordable housing program” with new requirements for low-income housing. Multifamily will have large requirements for low-income housing that will drastically alter the type and number of units constructed. Furthermore, all property owners...
The recent fires in Boulder County were astounding in regard to location, destruction, and time of year. Typically, when we think of fire in Colorado we think of the foothills/rural areas and the urban/forest interface in the Spring through Fall. The recent fires in...
There are two big laws coming into effect 1/1/2021 that will drastically alter Colorado’s Landlord tenant laws. HB21.1121 and SB21.173. Each have large changes in what a landlord can or cannot do and defenses a tenant can easily make to not pay rent. Are you ready...
Wow, 2021 has been quite the year in real estate. Statewide, the median home price is now $532,000, up 18.5% from last year. In Summit County (home to Breckenridge, Keystone, etc..) the median home is now 1.6m up almost 30% from last year. Where does Colorado real...
According to a recent Redfin study, investors purchased almost 17% of all houses in metro Denver, up from 9% a year ago. “Investors are expecting rents to increase in the coming years,” said Redfin Chief Economist Daryl Fairweather. What does this mean for real...
As I was writing the article, I looked out the window to see this bear cub taking a stroll through the yard (don't worry I was far away on a two story deck with a zoom lens). Is this a sign? Is a bear market in the offing? I was amazed at the recent data tracking...
September was an interesting month in Denver metro real estate. After two plus years of breakneck real estate sales, Denver real estate is starting to moderate. What was in the September data? What does this mean for the future of Denver real estate? Will prices...
Denver Colorado is becoming the testing ground for the new Ibuyer frenzy with new players entering every day. Is the ibuyer program just hype or will it actually “radically alter” how real estate is bought and sold in Denver and the front range? What is the ibuyer...
Google bets 2.1 billion that cities like NY, Denver, Atlanta, etc… are immune from WFH. What is Google saying with their actions on the future of work from home. Why are “superstar” cities unlikely to feel much impact from the future of work from...
Apartment rents are rising rapidly across the northern Front Range, about triple the rate seen before the pandemic, with annual gains almost 20% in places like Parker and Colorado Springs. What is causing the large increases in rents? What did the federal reserve...
