In Steamboat Springs, Condo inventory was up 70% in the Fall, while single family inventory was up almost 50%. The above information looks very ominous but should it? What is the primary driver behind the “surge” in inventory? What does this mean for values and...
In case you missed it, yours truly, was featured in a recent Denver Post Article: Coloradans carry heavy debt loads, and it isn’t financially healthy. What do increased debt burdens mean for real estate prices in Colorado? Does the debt burden preclude a 2008...
Many metro Denver tenants paid more than $1,600 in additional rent in 2023 because of a profit-maximizing algorithm that Colorado lawmakers unsuccessfully tried to ban earlier this year, according to a new report issued by the White House. How accurate...
With house prices over 65% higher than condos in Denver, I would believe there would be considerably more demand for condos and in turn higher appreciation. The data is telling the opposite story with house prices easily beating condo prices. What is causing condo...
In an effort to slow the double digit increase in taxes, there is a new initiative, 74, that could be on the ballot in November. The proposed constitutional amendment would drastically alter how property taxes are calculated in Colorado. How will this initiative...
SmartAsset uncovered the fastest-growing cities in the U.S. To identify the top boomtowns in America in 2021, they looked at the most recently available data for 500 of the largest cities across the following seven metrics: population change, unemployment rate, change...
The state of Colorado has ruled that Silverthorne cannot require all buyers to work at least 30 hours in the county to buy affordable/deed restricted housing. The implications of this ruling are monumental for affordable housing throughout Colorado. ...
Did you get your envelope? Is the property tax assessor crazy? My assessed value went up 37%! Are you ready for your new tax bill? Real estate sales have jumped dramatically with covid and appreciation has been off the charts throughout Colorado. Check out my free...
It has been quite the election cycle to say the least. One thing is for certain, Colorado property owners are going to be paying allot more in taxes on everything, especially in Denver county. Your taxes in Denver will increase by $2400/year minimum for the...
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...
Cannabis was the new goldmine for many years. Unfortunately, the high does not last forever and is now turning more into a hangover. In Colorado, Cannabis is considered a “critical” business, yet the waning profits signal they are substantially under performing...
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...
As we all know, the ski season was abruptly cut short on one of the busiest days of the year due to the Colorado Governors orders to prevent the spread of the Coronavirus. It was bound to happen, a California skier filed suit against Alterra alleging breach of...
Republican Bob Gardner from Colorado Springs has proposed a property tax increase in bill 20-109 that will tax nightly rentals as commercial property. This bill is gaining support from local residents and city councils and will have substantial impacts on mountain...
Walmart is suing Summit and Eagle Counties and 31 other county governments in Colorado in an effort to reduce its property tax bills across the state. This case is radically different than your run of the mill property tax dispute. Walmart Stores Inc., is...
I hope everyone is doing well and enjoying the belated transition to Fall. I am pleased to announce our sponsorship of the Colorado Real Estate Journal Mountain Market update October 24th in Aurora, CO. I will be moderating the mountain town market panel ...
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...
A new bill heading to the governor’s desk for signature, senate bill 181 will radically alter oil/gas development and the real estate landscape. This bill will create large winners and losers. In an anticipation of the law Boulder county has halted any new oil/gas...
I think most people would agree, the current real estate expansion is getting a little “long in the tooth” and is poised for a correction/change. Real estate, like a hot air balloon, can’t go up forever. At some point it needs a break to refuel. Colorado is not...
With the dawn of 2019 it is time for my annual Colorado real estate predictions. How did I do last year? I hit the nail on the head! (see below) 2019 is shaping up to be considerably more exciting than 2018! The main economic drivers in 2019 will be the pace...
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?
Marijuana is now legal in 32 states for medical purposes and 10 states for recreational usage. What does this mean for real estate? How can you tell if there is a grow? How does marijuana growing impact residential and commercial properties? What are the two most...
First, I hope you and your family have a wonderful holiday season. I was driving towards Breckenridge and stuck in the Eisenhower tunnel before going down the pass when I took this picture. What does this mean (read more). I spend lots of “windshield time” throughout...
Anyone who has sat on i70 or i25 knows the growth pains occurring in Colorado first hand. Colorado’s population continues to rapidly increase and housing / commercial real estate is becoming more constrained throughout the front range. This huge population increase...
