Facebook, Twitter, and other high-tech companies have announced plans to disburse their California workforces and allow many (in the case of Twitter all) of their employees to work remotely. This new trend will have lasting impacts on real estate, not just in...
We are still lending. First, I want to give a hats of to these folks for their creativity, they took their bikes down a black run. This pic is the only time I saw them upright from top to bottom! I hate to update predictions only three months into the year, but...
I was recently at a major grocery store in Steamboat and toilet paper and water were both sold out; this is a bit perplexing as if there is no water, how are you going to flush the toilet? Did you know that Colorado has a metric to predict the next recession that is...
The National Association of Realtors released their “marijuana and real estate- a budding issue” research paper that found that 27% of realtors had seen a decrease in property values near dispensaries, while 12% has seen an increase in values. What does this mean...
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”...
According to the Colorado Association of Realtors, Denver real estate inventory fell 29% in December, number of sales increased 17% and sold price increased 5%. Breckenridge and Steamboat also saw listings decline by almost 30% with prices increasing modestly....
After being tied up in litigation, the Colorado Supreme Court just authorized a new anti growth initiative to substantially limit growth within the 11-county metro area (from CO springs to Ft. Collins) and all the cities/towns within. The new initiative limits new...
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. ...
Happy New Year! It is time for my annual Colorado real estate market predictions. Is it dawn or dusk for real estate in Colorado? The main economic drivers in 2020 will be the pace mortgage rate increases, the election, and end of cycle volatility. Each of these...
“Ghost Kitchens” are on the rise? What are they anyway (no they are not haunted kitchens)? What is causing this new phenomenon? How will this impact real estate? My first experience with a “ghost kitchen” was in Breckenridge Colorado about three years ago where I...
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...
Happy Fall to everyone 🙂 Just as the leaves are changing, there are big changes on the horizon for real estate in Denver. Denver County released a proposal to increase the minimum wage to 15.87 by 2021 and other cities like Breckenridge are starting similar...
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. ...
A housing slowdown is taking hold in some Florida markets, where a growing share of properties sold only after the seller cut the asking price. Miami, Jacksonville, Orlando, and Tampa take 4 of the top 10 spots for recent price reductions. How are Colorado and...
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. With all the grim news, there is a ray of light 😊 ...
Colorado has the lowest obesity rate of any state, but when it comes to financial fitness, residents of the state borrowed money at an unrivaled pace last year, contributing to one of the heaviest debt burdens in the country beating all but two states for most...
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...
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...
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...
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,...
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...
