The Colorado Association of Realtors released their August statistics of the 7 county Denver metro area. Although Median sales price is up 2.5% YTD, two metrics are flashing warning signs. Days on the market has jumped 27% and percent of list price has declined. ...
Denver City Council members are pushing a new tax on commercial real estate owners that is 20 times the rate set by Boulder County. The new tax is called a “pollution tax” targeting commercial property owners and their property usage. What is the new pollution tax...
The Denver metro real estate market has performed a sudden U-turn with inventory up 28%, sold homes down 14%, and days on the market up 23%. This is the highest amount of inventory since October 2013. At the same time prices have held steady while mortgage rates...
After being tied up in litigation for years, Lakewood Colorado just passed a new initiative to substantially limit growth. The initiative limits new residential development to 1% of the existing housing stock and would require city council approval of any large...
The Denver district attorney filed felony charges against two realtors in Denver County for allegedly running illegal nightly rentals. This could result in jail time of 2-6 years. The spokesperson for the Denver District Attorney's office, Carolyn Tyler, says these...
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,...
I took the picture above on a trail run earlier this week outside of Steamboat when I met up with a very large "friend". This was the biggest black bear I have seen in Colorado. What does this have to do with min wage? Absolutely nothing, but thought you would...
Denver rent has skyrocketed. A one bedroom in 2010 leased for 800, fast forward to 2018, that same one bedroom is now leasing for 1457 a month, a 79% increase. The legislature has taken up the fight with SB 19-225 that will reverse a 1981 Law that prohibits local...
Don't think this impacts you? Take a look at the map above of the Denver front range. “When Bill Young peers out the window of his $700,000 home in Broomfield, Colo., he drinks in a panoramic view of the Rocky Mountains. Starting next year, he may also glimpse one...
If you missed the headline in the Denver Post, it sounds like the sky is falling. Boulder’s average sales price is down 2.7%, Denver 1.2%, and Douglas 2.1%. Are lower home prices on the way? Is this the beginning of the next cycle? How accurate is the...
NY provides 3 billion in incentives to land Amazon. Colorado offered 100 million. Amazon selected NY only to break up with them this week and ditch their expansion plans. Colorado will be a big winner of this recent breakup. Sounds like the recent Bezos love...
Redfin, the online brokerage, released their recent search volume report which shows Denver is losing it’s “mojo”. Denver topped the list of metros people looked to leave, posting the highest net outflows in the fourth quarter. 24% of all users were searching to move...
There is a new initiative in town to drastically limit growth in one metro Denver City. Lakewood just won major litigation that had derailed a “growth initiative” that limits new residential development to 1% of the existing housing stock. Why is this important? ...
It looks like Black Friday is coming to Denver front range real estate with the luxury market (above 1m) officially entering a buyers’ market and on sale! According to the November report by the Denver Metro Association of Realtors, active listings are up 47% from...
According to AirDNA 50% of all nightly rentals in Denver are currently unlicensed and not paying the appropriate taxes. Denver implemented various rules to try to crack down on nightly rentals requiring all nightly rentals to be a primary residence. It doesn’t...
Although the credit union didn’t officially announce the next recession in their advertising, their actions speak louder than words! A credit union in Colorado announced they are offering 100% no money down mortgages. “We are looking for a way for individuals to...
Are you ready for marijuana sales in grocery stores? You can pick up a gallon of milk and marijuana in one convenient location! Canada recently passed legislation legalizing marijuana for the entire country and two provinces announced that they will allow sales in...
Longmont, in Boulder county Colorado, is setting some interesting real estate precedents that could impact the rest of Colorado. This precedent will be far reaching and will be very expensive not only for residents of Longmont but throughout the state. Longmont,...
“The U.S. economy will run strong for two more quarters before peaking this summer and sliding into a mild recession early next year”, predicted economist Alan Beaulieu, a specialist in long-term economic cycles. Fortunately, Colorado should hold up better than most...
Has Denver Peaked? Denver’s Mojo is lost! I’ve predicted for a while that Denver’s torrid appreciation pace was unsustainable (see Has Denver lost its Mojo?). In the past week we have seen new indications that Denver has likely peaked. As many markets continue their...
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