The legislature passed a little known bill to allow property owners to defer their property taxes above 4% increase starting in 2023. To get the message out, they sent out the flier above that I received this week. On the surface, this sounds like an amazing plan. ...
Colorado is expensive (as shown above for Boulder) and the legislature thinks they once again have the answer. In the last legislative session all eyes were focused on a sweeping land use proposal basically outlawing single family zoning which was ultimately...
Joining Denver and some of Colorado's biggest ski towns, which have created strict rules for STRs in recent years, residents across Jefferson County (suburb of Denver) say they have fallen victim to an issue that has long plagued other parts of the state. Why are the...
Colorado is an odd state, prior to a few years ago, you were 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. A trio of ballot proposals will radically alter...
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...
The top job-related search between January 2021 and January 2022 was “how to become a real estate agent.” More than 60% more people became realtors during the pandemic. What is this statistic telling us about future real estate prices in Colorado? What was in the...
Denver just passed an “affordable housing program” with new requirements for low-income housing. Multifamily will have large requirements for low-income housing that will drastically alter the type and number of units constructed. Furthermore, all property...
In rapidly increasing markets, everyone is an expert! Unfortunately, the real estate investments market is transitioning and there will be winners and losers. Everyone always touts location, location, location to pick winning properties/areas? Is...
Wow, 2021 has been quite the year in real estate. Statewide, the median home price is now $532,000, up 18.5% from last year. In Summit County (home to Breckenridge, Keystone, etc..) the median home is now 1.6m up almost 30% from last year. Where does Colorado real...
As I was writing the article, I looked out the window to see this bear cub taking a stroll through the yard (don't worry I was far away on a two story deck with a zoom lens). Is this a sign? Is a bear market in the offing? I was amazed at the recent data tracking...
Wow, what a wild ride Colorado real estate has been on the last year. The statistics are astounding! Denver county average sales price is up almost 30% year over year while days on the market has plummeted 40%. In the mountains, in places like Summit County prices...
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...
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...
Do residential rental properties with one to four units and second-home mortgages carry more risk? Apparently so says the U.S. Treasury Department. Such loans underwritten by Fannie Mae and Freddie Mac will end up costing you more under restrictions quietly announced...
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...
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...
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...
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...
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...
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...
