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...
There Is a new bill, Residential health and safety act, that will drastically alter rental properties both single family and multifamily properties. Are you ready? The bill’s title sounds innocuous, but the true intent of the bill is lurking in the details and will...
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? ...
Ready to lose 100k+ on your real estate in Colorado? Are you now a member of the “frequent flyer” club without leaving the ground? The FAA is working on their next generation of air traffic control which will drastically alter the approach and takeoffs at airports...
Colorado is an odd state, you are 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. That is all changing come January 1st. Why the change? What is the impact on real estate? I was surprised to see the passing of Senate Bill 243 in the waning days of the last legislative session. It seemed oddly out of place that Governor Hickenlooper, a former brewpub owner, quietly signed the bill without a single person to witness the event. What was in this bill? This bill radically changes where and how beer can be sold within Colorado. This bill will change consumer choices and have profound impacts on grocery anchored retail. Why is it so monumental?
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...
Sales of homes worth 1 million or more fell 44.4% between August and September and sales of homes over $500,000 dropped 33 percent during the same period. Overall sales in September of 2018 are down 21.4% from September 2017 (Denver Metro Association of Realtors). ...
The state legislature is considering a bill that would tax residential nightly rentals (any rentals less than 30 days) as commercial properties. This would change the tax assessment on a statewide level. On the surface it doesn’t seem like a big deal, but commercial...
Is Colorado turning into California where residents lament about affordable prices and yet seek to place broad restrictions on growth that would increase supply. In Jefferson County, the city of Morrison is opening a new war in the “real estate battles”. How does...
From the title it looks like the Colorado cannabis industry is doing well. I this the real story? Is the headline misleading? How is the Colorado Cannabis industry so much better than the newly created Oregon marketplace? What can Oregon tell us about the future...
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...
As a private lender for over twenty years and riding through various cycles, I’ve seen it all in real estate. There is one preventable mistake that is made by property owners that always surprises me. It is such an easy task and doesn’t cost much money but can save...
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,...
In just about every destination or gateway town, one hears a similar murmur: not only are short-term rentals squeezing the last drops out of the housing supply, but more profoundly, they are threatening the very character that drew in locals—and tourists. In...
“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...
As I am writing this blog, actually rewriting my blog this AM, after the upset. I wanted to highlight 3 big impacts to Colorado’s economy and the impact on Real Estate. There are three main impact areas for CO: 1) what does the market uncertainty do? 2) how will...
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...
Denver has a housing crisis Denver’s brilliant idea to tackle affordable housing. As Denver’s popularity grows, so does the demand for housing in the area. With the huge increased demand Denver metro has been leading the country in price appreciation. ...
It is tax time in Colorado, How high will your taxes go. See our free guide that explains how property taxes work in Colorado, how properties are assessed, and what to do if you are overassessed
