Denver City Council recently approved five new bond initiatives to appear on the November ballot. The total amount of this spending is 450 million paid for by anyone who lives or owns property in Denver. What was in the bond initiative? How high will...
Metro Denver’s housing market has been changing in recent weeks, much like a cold front ending record heat, and could provide significant relief for buyers if this continues, local real estate agents say. The market has started moving in the past two to three weeks...
If you look at Denver county, the number of properties sold is up 10% , in Routt County (Steamboat) sales of single family homes is up 30% over 2019. If there is no inventory/ little inventory available how are sales continuing to break records. Is there another...
Colorado real estate is on a tear, with appreciation off the charts. In Denver appreciation is up 25% year over year. Unfortunately, all this appreciation could cause some large tax hits based on the new legislation. How will the new legislation...
Wow, what a wild ride Colorado real estate has been on the last year. The statistics are astounding! Denver county average sales price is up almost 30% year over year while days on the market has plummeted 40%. In the mountains, in places like Summit County prices...
It is no secret that rent in Denver and throughout the state has increased. A one bedroom in 2010 leased for 800, fast forward to 2021, that same one bedroom is now leasing for 1646 a month, a 106% increase. The legislature has taken up the fight with hb21-1117...
If you got your recent tax assessment, I am sure you have a little sticker shock. Not only are values going up but so are your property taxes. Fortunately, there could be some relief on the way. What is in the new ballot initiative 27 and how much will this save...
Denver is making waves again with the passage of a new law that requires all long-term rental properties to meet “min housing requirements”. On the surface the new law sounds innocuous, but the reality is far different. How will these new requirements impact the...
Crazy times we are in, real estate in Summit county (home to Breckenridge) increased 51% in the past year. Denver has increased 28%. Will the crazy times continue to roll on in Colorado real estate? Don’t bank on it, Semiconductors are firing a warning shot of...
What a year Covid has brought to Colorado real estate. From Denver to the resort communities, inventory has plummeted while prices have soared. What caused this huge jump in prices? Will the inventory increase in Denver and other markets? Where do we go from here...
I tell my kids frequently that actions speak louder than words. Denver’s actions signal an end to affordable new construction affordable housing and further elimination of the middle class. Denver County is set to adopt a “net zero” building code that would require...
Almost 6% of all homeowners (8% of one type of loan) are “stuck” in some sort of forbearance. Unfortunately, the number of borrowers in forbearance has barely budged recently with no end in site. What does this mean for defaults? Why is one mortgage type...
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...
Denver historically was the leader in Colorado real estate. The tides have turned with the pandemic. Year to date, sales in Denver are up around 5%, while Jefferson county, a suburban county of Denver is up 9%. Furthermore, the appreciation in Summit county is over...
Will Denver real estate fall? Throughout the country, Denver ranks 6th for top declines in apartment rents for major cities. Colorado Springs was ranked 5th for top increases in rental rates. Why is Denver rent falling while Colorado Springs rents are increasing? ...
Core Logic, the leading data provider in the real estate industry, recently predicted that Denver home prices will tumble by 9% by May of 2021 placing it in the top three of most overvalued real estate markets. How realistic is this prediction? Is there a flaw in the...
Denver Colorado is the second fastest “gentrifying” area in the country just behind San Francisco. Furthermore, Denver beat out Boston, Miami, New Orleans, Austin, and countless others due to the rapid gentrification of the downtown core. What is Gentrification? How...
Denver is number 11 on the cities most likely to recover fastest from the shutdowns from the pandemic. After being ravaged by a pandemic that caused nationwide lockdowns, Denver is among those poised for a relatively strong recovery from the coronavirus recession,...
Facebook, Twitter, and other high-tech companies have announced plans to disburse their California workforces and allow many (in the case of Twitter all) of their employees to work remotely. This new trend will have lasting impacts on real estate, not just in...
Officials from DIA recently lobbied the city of Aurora to plead with them not to allow homes so close to the airport. Aurora promptly ignored their request! What happened with this development? Why is this new development a game changer? What is the impact on...
According to one of the nation’s leading movers, the 2019 Atlas Van Lines Migration Patterns study found that 26 states registered as balanced—meaning that moves in and out of the states were roughly equal—13 as outbound, and 11 as inbound. Colorado became “inbound”...
According to the Colorado Association of Realtors, Denver real estate inventory fell 29% in December, number of sales increased 17% and sold price increased 5%. Breckenridge and Steamboat also saw listings decline by almost 30% with prices increasing modestly....
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...
Although nobody knows how or when the next denver housing market recession will occur, we saw in the last cycle certain cities performed substantially better than others. Redfin recently ranked the top metro areas that will perform best (and worst) in the next real...
