Own a vacant building in Lakewood, the city will send you a bill

Own a vacant building in Lakewood, the city will send you a bill

New vacant building tax immediately implemented Lakewood, CO just implemented the first vacant building tax I have seen in Colorado.  It seems a bit counterintuitive to put more taxes on a property owner that is already struggling with vacancy.  Why did Lakewood...
Colorado property values soften.  Property taxes increased 36%-82%

Colorado property values soften.  Property taxes increased 36%-82%

Get ready for sticker shock as you open the mail and get your tax bill.  As values soften throughout the state, why are your property taxes going up?   How can assessed values continue to increase even though property values are softening?  Why will your taxes likely...
Colorado has highest debt per person of any state

Colorado has highest debt per person of any state

What does Colorado’s debt load mean for real estate prices? I was surprised to see Colorado exceed every other state in the country on both the amount of debt and debt as a percentage of income.  Why do Coloradoans have more debt than others?  Why is debt an important...
Denver has highest increase in violent crime in US, impact on real estate

Denver has highest increase in violent crime in US, impact on real estate

Of U.S. cities with more than half a million residents, only Denver’s overall violent crime (including aggravated assault, sex assault, robbery and homicide) has risen by more than 90% between 2012 and 2022, according to FBI data.  What does the surge in crime mean...
Property tax bomb awaiting Denver  

Property tax bomb awaiting Denver  

  Denver office vacancy exceeds 30% for first time since 1990’s In 2019 office vacancy stood around 16%, lower than the national average.  Fast forward and Denver office vacancy has almost doubled to over 30%.  Why is the vacancy rate so important to Denver...
2024 Colorado real estate predictions, will prices continue falling?

2024 Colorado real estate predictions, will prices continue falling?

Wow, 2023 has been quite the year in real estate.  The beginning of the year started out good but as interest rates rose substantially volumes dropped off a cliff and prices began falling.  What do the changes mean for Colorado real estate in 2024?  Will prices have a...