Portland is a stark warning for Denver: Homelessness doubles, spending increases, impact on real estate

Portland is a stark warning for Denver: Homelessness doubles, spending increases, impact on real estate

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...
Denver inventory jumps 76%, average price dropped 1% but still up for the year

Denver inventory jumps 76%, average price dropped 1% but still up for the 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...
Big changes on where you can buy wine/beer, impact on you and grocery anchored real estate

Big changes on where you can buy wine/beer, impact on you and grocery anchored real estate

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 passes affordable housing, 28k linkage fee on single family & impacts every property type

Denver passes affordable housing, 28k linkage fee on single family & impacts every property type

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...
Big changes to Aspen nightly rentals: no new permits, impact on property values

Big changes to Aspen nightly rentals: no new permits, impact on property values

Aspen is following Breckenridge’s lead with substantial changes to Aspen nightly rental regulations.  Aspen is proposing a cap on the number of units along with a cap on the number of rental days allowed.  How will this impact real estate prices in...
Legislature reaches compromise to reduce property taxes, but your property taxes still going up 37%

Legislature reaches compromise to reduce property taxes, but your property taxes still going up 37%

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...