Metro Denver’s housing market has been changing in recent weeks, much like a cold front ending record heat, and could provide significant relief for buyers if this continues, local real estate agents say. The market has started moving in the past two to three weeks...
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...
Colorado real estate is on a tear, with appreciation off the charts. In Denver appreciation is up 25% year over year. Unfortunately, all this appreciation could cause some large tax hits based on the new legislation. How will the new legislation...
It is no secret that rent in Denver and throughout the state has increased. A one bedroom in 2010 leased for 800, fast forward to 2021, that same one bedroom is now leasing for 1646 a month, a 106% increase. The legislature has taken up the fight with hb21-1117...
If you got your recent tax assessment, I am sure you have a little sticker shock. Not only are values going up but so are your property taxes. Fortunately, there could be some relief on the way. What is in the new ballot initiative 27 and how much will this save...
A new report from CoreLogic, a national data analysis firm, finds that homes in metro Denver are overvalued even as prices continue to rise. As of April, the median home price in Denver hit a record $612,000 a 25% increase from last year. Will Denver real...
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...
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...
Happy New Year! It is time for my annual Colorado real estate predictions. How did I do last year? I did really good especially with the uncertainty of the virus! (see below) 2021 is shaping up to be pretty exciting from a real estate perspective! The main economic...
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? ...
U.S.-listed shares of major cannabis producers surged after Democratic vice president nominee Kamala Harris said marijuana would be decriminalized at a federal level in the United States under a Biden administration. How would this change impact real estate in...
Core Logic, the leading data provider in the real estate industry, recently predicted that Denver home prices will tumble by 9% by May of 2021 placing it in the top three of most overvalued real estate markets. How realistic is this prediction? Is there a flaw in the...
I saw a headline that property taxes would decrease 18%, I was skeptical to say the least and you should be too. Colorado is unique in how property taxes are calculated requiring a balance between commercial and residential property taxes, with commercial values...
When the Coronavirus first hit, my predictions were for a flat to slightly declining market. Wow, I missed that one! The Denver metro area and all the resort towns have set records with appreciation skyrocketing. What does this mean for real estate the remainder of...
Cannabis was the new goldmine for many years. Unfortunately, the high does not last forever and is now turning more into a hangover. In Colorado, Cannabis is considered a “critical” business, yet the waning profits signal they are substantially under performing...
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...
Like many of you I was excited to finally hear my property taxes were going down as this never happens! Colorado is unique in how property taxes are calculated requiring a balance between commercial and residential property taxes, with commercial values...
The pandemic has wreaked havoc on the economy, but surprisingly real estate throughout the front range has held up considerably better than almost anyone predicted. With the economy still in tatters, what 3 cities in the Denver Front Range are the the best real...
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,...
