Colorado real estate predictions: appreciation by city, Covid-era effects, forbearance, pending sales and the outlook for Denver.
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...
With the new Delta variant circulating throughout the country and Colorado, what will be the impact on residential and commercial real estate? Will back to the office plans be shuttered impacting real estate prices in cities? Will there be a continued flight to the...
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...
Facebook, Twitter, and other high-tech companies have announced plans to disburse their California workforces and allow many (in the case of Twitter all) of their employees to work remotely. This new trend will have lasting impacts on real estate, not just in...
I hope everyone is doing well. I wanted to share a bit of irony. The "call before your dig" line in Colorado was recently out of operation as someone ironically didn't call before they dug and hit all the lines going into the operation center. On to the news... ...
The Denver metro real estate market has performed a sudden U-turn with inventory up 28%, sold homes down 14%, and days on the market up 23%. This is the highest amount of inventory since October 2013. With all the grim news, there is a ray of light 😊 ...
Beaulieu, a nationally renowned economist and president of ITR Economics, predicted: “The U.S. economy and your economy in Colorado will slow down in 2019…Expect a slow down, but don’t expect a break down”. He then went on to say that: “An aging population,...
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...
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...
