There Is a new bill, Residential health and safety act, that will drastically alter rental properties both single family and multifamily properties. Are you ready? The bill’s title sounds innocuous, but the true intent of the bill is lurking in the details and will...
If you missed the headline in the Denver Post, it sounds like the sky is falling. Boulder’s average sales price is down 2.7%, Denver 1.2%, and Douglas 2.1%. Are lower home prices on the way? Is this the beginning of the next cycle? How accurate is the...
NY provides 3 billion in incentives to land Amazon. Colorado offered 100 million. Amazon selected NY only to break up with them this week and ditch their expansion plans. Colorado will be a big winner of this recent breakup. Sounds like the recent Bezos love...
Redfin, the online brokerage, released their recent search volume report which shows Denver is losing it’s “mojo”. Denver topped the list of metros people looked to leave, posting the highest net outflows in the fourth quarter. 24% of all users were searching to move...
The Hamptons have increased inventory by 82% to the highest level in 12 years. At the same time sales fell 35% last quarter to their lowest since 2009 (Bloomberg). In Aspen, another ultra-high-end market, sales are down 27% on single family homes from 1.2B...
There is a new initiative in town to drastically limit growth in one metro Denver City. Lakewood just won major litigation that had derailed a “growth initiative” that limits new residential development to 1% of the existing housing stock. Why is this important? ...
Ready to lose 100k+ on your real estate in Colorado? Are you now a member of the “frequent flyer” club without leaving the ground? The FAA is working on their next generation of air traffic control which will drastically alter the approach and takeoffs at airports...
Colorado is an odd state, you are 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. That is all changing come January 1st. Why the change? What is the impact on real estate? I was surprised to see the passing of Senate Bill 243 in the waning days of the last legislative session. It seemed oddly out of place that Governor Hickenlooper, a former brewpub owner, quietly signed the bill without a single person to witness the event. What was in this bill? This bill radically changes where and how beer can be sold within Colorado. This bill will change consumer choices and have profound impacts on grocery anchored retail. Why is it so monumental?
It looks like Black Friday is coming to Denver front range real estate with the luxury market (above 1m) officially entering a buyers’ market and on sale! According to the November report by the Denver Metro Association of Realtors, active listings are up 47% from...
Although the credit union didn’t officially announce the next recession in their advertising, their actions speak louder than words! A credit union in Colorado announced they are offering 100% no money down mortgages. “We are looking for a way for individuals to...
If you don’t recall, last year a worker at Loveland ski resort was crushed to death while servicing a magic carpet. Osha reviewed and fined Loveland for violating various safety violations. There is one twist in the case that could set some interesting precedent and...
Are you ready for marijuana sales in grocery stores? You can pick up a gallon of milk and marijuana in one convenient location! Canada recently passed legislation legalizing marijuana for the entire country and two provinces announced that they will allow sales in...
As a private lender for over twenty years and riding through various cycles, I’ve seen it all in real estate. There is one preventable mistake that is made by property owners that always surprises me. It is such an easy task and doesn’t cost much money but can save...
Longmont, in Boulder county Colorado, is setting some interesting real estate precedents that could impact the rest of Colorado. This precedent will be far reaching and will be very expensive not only for residents of Longmont but throughout the state. Longmont,...
In just about every destination or gateway town, one hears a similar murmur: not only are short-term rentals squeezing the last drops out of the housing supply, but more profoundly, they are threatening the very character that drew in locals—and tourists. In...
Although the mountain real estate market is hot, unfortunately the heat I’m referring to is definitely not welcome news to property owners. I saw the news last night “the entire town of Breckenridge was placed on a pre-evacuation notice”(Summit Daily). Would you...
With 2017 coming quickly, it is time for my annual Colorado real estate predictions. My 2016 predictions were accurate, with Denver house prices moderating toward the end of the year and outlying areas continuing to feel pain. What does this mean for 2017? How will...
As I am writing this blog, actually rewriting my blog this AM, after the upset. I wanted to highlight 3 big impacts to Colorado’s economy and the impact on Real Estate. There are three main impact areas for CO: 1) what does the market uncertainty do? 2) how will...
Get a free ticket to CO real estate summit! I hope all of you have had a great summer season in Colorado. Fall is definitely upon us throughout the high country in Colorado (I took this picture a few days ago outside Steamboat). We are pleased to announce our...
It is tax time in Colorado, How high will your taxes go. See our free guide that explains how property taxes work in Colorado, how properties are assessed, and what to do if you are overassessed
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