Aspen suspends new construction permits and new nightly rentals

Aspen suspends new construction permits and new nightly rentals

In an emergency ordinance, Aspen city council unanimously implemented radical changes to any new construction, remodeling, and expansion of  a property.  Furthermore, the ordinance halted all new nightly rental permits.  Why did the city implement this emergency...
Where does Colorado ski real estate go from here?  One metric is painting a rosy picture

Where does Colorado ski real estate go from here?  One metric is painting a rosy picture

  I’m constantly amazed at Colorado ski real estate.  Many markets are up almost 40% in the last two years alone with sales continuing to exceed.  On the other hand, Denver and the front range real estate markets are starting to feel a pronounced slow down.  What...
Aspen suspends new construction permits and new nightly rentals

Is there a gold standard in real estate? One Colorado town fits the definition

In times of economic uncertainty, high net worth individuals focus on safety.  From Government securities like 10 year treasuries, to municipal bonds, and gold.  There is another trend emerging that Colorado real estate is being placed in the “safe haven” category. ...
Aspen suspends new construction permits and new nightly rentals

Are Colorado mountain towns “closing the doors” impact on tourism and real estate        

Travel Crested Butte put up a social media post last weekend that messaged Crested Butte was not all sunshine and rainbows. “As beautiful and breathtaking as Crested Butte is, the community you love to visit is hurting,” This is not your typical warm and fuzzy...
Aspen suspends new construction permits and new nightly rentals

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...