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...
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...
There has been allot of talk about Denver being primed for a long term decline in real estate. Will this actually occur? Short answer no. Why? Simple math more people are moving to Denver than leaving. What does this mean for real estate values in the short term...
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? ...
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, like many cities, is experiencing homelessness issues as property values and rents rise pricing many out. To help combat the homelessness issue, Denver Mayor Hancock has asked eight council members to submit locations for spaces of about one quarter acre to...
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,...
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”...
I always hate in the news where you hear about a story and are left wondering how it was actually resolved. A few months ago, Denver began filing felony charges against homeowners for illegally renting properties via airbnb and Homeaway and lying on the affidavit. ...
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...
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...
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...
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...
Vail resorts, the owner of Breckenridge, Vail, Keystone, and Crested Butte, announced that Breckenridge would stay open until Memorial Day (one month longer than their original closing date). They will close one month later in future years. At the same time, they...
As nightly rentals balloon throughout Colorado so have issues and regulations. Summit County (Breckenridge, Keystone, Copper Mountain) is the most recent county to get on the bandwagon of regulating rentals. Why are the regulations so important that are coming down...
