Long Term Rental licenses now required in Denver; Costs and requirements skyrocket; affordable housing reduced

Long Term Rental licenses now required in Denver; Costs and requirements skyrocket; affordable housing reduced

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...
Will new Fannie/Freddie rules put the brakes on Colorado ski real estate?

Will new Fannie/Freddie rules put the brakes on Colorado ski real estate?

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...

Semiconductors will halt Colorado’s real estate prices. Your payment increases 5k/year!

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...
8% of mortgages in forbearance, where will the defaults be in Colorado? Should you be worried?

8% of mortgages in forbearance, where will the defaults be in Colorado? Should you be worried?

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...
Is Denver set for a long-term decline?  What does this mean for real estate?

Is Denver set for a long-term decline?  What does this mean for real estate?

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...
2021 Colorado Real Estate Market predictions: Who will win & Lose?

2021 Colorado Real Estate Market predictions: Who will win & Lose?

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...