Denver office vacancy exceeds 30% for first time since 1990’s In 2019 office vacancy stood around 16%, lower than the national average. Fast forward and Denver office vacancy has almost doubled to over 30%. Why is the vacancy rate so important to Denver...
A tweet that went viral last week proclaimed "the Airbnb collapse is real," with a screenshot of data attributed to AllTheRooms, a short-term rentals analytics company, showing revenue per available listing at Airbnbs between May 2022 and May 2023 down nearly 50%. ...
Metro Denver apartment rent inflation has outstripped income gains by a higher margin than any other major city in the U.S. since 2009, according to a recent study by Real Estate Witch. Furthermore, Denver has experienced the second highest jump in rents in the...
First, I had to share the joke above. For anyone that lives or spends time in the mountains it is unfortunately very relatable😊 It is a bit ironic (and confusing) as the company Vail resorts sues the city that its name originated from. The suit...
It is not very frequently Denver and Detroit get lumped together for anything. But both cities unfortunately have a few things in common now. In this case Denver and Detroit take top honors as top 10 states in a Redfin study where more people are looking to leave...
For the past 15 years or so, my “mushroom theory” was an amazing tool (no I’m not talking about the magic mushrooms that were approved by voters). Up until Covid the mushroom theory worked like a charm to predict price appreciation in cities like Denver, but recently...
Get ready for sticker shock; as you will be receiving your new tax assessment in the next few weeks (typically the beginning of May) and time is of the essence as you have a limited window if you want to fight your tax value. How can assessed values continue to...
Every time I turn around there is yet another proposal to implement rent control. The newest house bill concerning requiring just cause for an eviction recently passed its first hearing. On the surface it sounds harmless, but the details are the most troublesome of...
There is yet another proposal in the statehouse on affordable housing. This new bill would allow governments the first right of refusal on basically any multifamily property. On the surface, the new proposal sounds innocuous, but the devil is always in the...
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. How can...
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 with...
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 far...
The Summit Daily recently posted an article that Fall is a great time to hike a 14er. I took the pic below of a 13k foot peak the same week the article came out. Probably not a good time to attempt a peak ascent in the snow. The article on 14ers is eerily similar...
Don’t be surprised by the recent numbers. I mentioned months ago that many Canadian markets changed on a dime and the same would happen in major US cities. A recent Redfin report showed that Denver ranked second behind Boise in price drops amongst 97 cities. ...
The Denver Metro Association predicted “extreme bidding wars” will continue in their August Newsletter. At the same time the National Association of realtor’s chief economist said: “We’re witnessing a housing recession in terms of declining home sales and home...
A record 32.6% of Redfin.com users nationwide looked to move from one metro to another in the second quarter, up slightly from 32.3% in the first quarter and roughly 26% before the pandemic. Denver was recently named by Redfin a top “outflow” destination with...
In Portland, the homeless population has increased 50% since Covid due to rapidly increasing house prices. The same has happened in Denver, with the homeless population doubling from 20 to 21 while at the same time spending has increased to half a billion a year...
Summer has come in with a roar in the Denver metropolitan area as inventory in June jumped 76% year over year. What has caused the huge jump in inventory? What does the change in inventory mean for prices? How will Denver real estate perform compared to the...
