Sales down 14% Inventory surges 28% in Denver in June Mortgage rates drop.

Sales down 14% Inventory surges 28% in Denver in June Mortgage rates drop.

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...
New Lakewood  initiative cuts building 300%, builders cringe, prices skyrocket, what about Denver?

New Lakewood  initiative cuts building 300%, builders cringe, prices skyrocket, what about Denver?

After being tied up in litigation for years, Lakewood Colorado just passed a new initiative to substantially limit growth. The initiative limits new residential development to 1% of the existing housing stock and would require city council approval of any large...
Felony Charges filed against Airbnb hosts in Denver, 2 years in prison, impact on real estate

Felony Charges filed against Airbnb hosts in Denver, 2 years in prison, impact on real estate

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...
Invest in Denver real estate on “layaway”?

Invest in Denver real estate on “layaway”?

A new Chilean company, BrickOp, has a “novel” plan to help investors buy their first piece of real estate with absolutely no money out of their pocket.   Sounds like a great deal! Should you do an investment like this? Buy real estate with no experience and no risk,...
Colorado passes new min wage law, impact on you and real estate, will the “experiment” work? What about the bear?

Colorado passes new min wage law, impact on you and real estate, will the “experiment” work? What about the bear?

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...
Rent Control coming to Colorado: your property taxes will skyrocket

Rent Control coming to Colorado: your property taxes will skyrocket

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...