Colorado property values soften.  Ready for a 51% jump in your property taxes

Colorado property values soften.  Ready for a 51% jump in your property taxes

Get ready for sticker shock as this year is a reassessment year.  As values soften throughout the state, will your property taxes finally go down?  Unfortunately the short answer is just the opposite, look for your taxes to jump an astronomical amount. ...
NYC Spars With Hosts Over New Airbnb Rental Laws, 25% drop in nightly rentals, what does this mean for Colorado

NYC Spars With Hosts Over New Airbnb Rental Laws, 25% drop in nightly rentals, what does this mean for Colorado

I always watch what happens on the coasts to see what is next for Colorado.  Whether it is minimum wage, required sick leave, etc… these all originated from the coasts and migrated to Colorado.  NY’s laws on nightly rentals will soon find their way to...
Will the golden handcuffs of low rates save Denver real estate in this cycle?  November paints an interesting picture of what the future holds.

Will the golden handcuffs of low rates save Denver real estate in this cycle?  November paints an interesting picture of what the future holds.

The prevailing theory is that this real estate cycle will be considerably better than others as so many people locked in rock bottom rates which will serve as “golden handcuffs” and prevent a meaningful increase in inventory.  This in turn will keep prices high...
Denver Long term rental licenses go into effect Jan 23; Costs and requirements skyrocket; affordable housing reduced

Denver Long term rental licenses go into effect Jan 23; Costs and requirements skyrocket; affordable housing reduced

Denver is making waves again with the passage of a new law that requires all long-term rental properties to meet “min housing requirements”.  This new law goes into effect on January 1 2023.  On the surface the new law sounds innocuous, but the reality is...
2023 Colorado real estate predictions, will the party continue one more year?

2023 Colorado real estate predictions, will the party continue one more year?

Wow, 2022 has been quite the year in real estate.  In Denver, the average home  price peaked at $913,000, a whopping 52% increase from 2019. In Summit County (home to Breckenridge, Keystone, etc..) the average home is 1.2m up 116% since the pandemic. Even with higher...
Forbes take on the Denver market gumdrops and roses; is this reality?

Forbes take on the Denver market gumdrops and roses; is this reality?

I recently receive a Denver Metro Association of realtor’s newsletter touting:  “People have been flocking to the Mile High City from more expensive cities in search of a cheaper cost of living and to work remotely in the Rocky Mountains. “  Is this...