According to a recent Redfin study, investors purchased almost 17% of all houses in metro Denver, up from 9% a year ago. “Investors are expecting rents to increase in the coming years,” said Redfin Chief Economist Daryl Fairweather. What does this mean for real...
Wow, what a wild ride Colorado real estate has been on the last year. The statistics are astounding! Denver county average sales price is up almost 30% year over year while days on the market has plummeted 40%. In the mountains, in places like Summit County prices...
I tell my kids frequently that actions speak louder than words. Denver’s actions signal an end to affordable new construction affordable housing and further elimination of the middle class. Denver County is set to adopt a “net zero” building code that would require...
Denver is number 11 on the cities most likely to recover fastest from the shutdowns from the pandemic. After being ravaged by a pandemic that caused nationwide lockdowns, Denver is among those poised for a relatively strong recovery from the coronavirus recession,...
We are still lending. First, I want to give a hats of to these folks for their creativity, they took their bikes down a black run. This pic is the only time I saw them upright from top to bottom! I hate to update predictions only three months into the year, but...
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...
Vail resorts, the owner of Breckenridge, Vail, Keystone, and Crested Butte in Colorado, has fallen 39% percent from its peak and recently fell 13% in one day. At the same time lift ticket revenue was up 12% and visitation up 17%. Why is revenue declining when this...
Is Colorado turning into California where residents lament about affordable prices and yet seek to place broad restrictions on growth that would increase supply. In Jefferson County, the city of Morrison is opening a new war in the “real estate battles”. How does...
With 2018 coming quickly it is time for my annual Colorado real estate predictions. 2018 is sure to be exciting. The new tax plan will change things up for 2018. In a nutshell, the new tax plan should cause short term rates to rise more rapidly than...
The Colorado Department of Revenue that collects taxes on Marijuana has finally broken out marijuana sales by county. The information is fascinating and unequivocally shows the impact marijuana is having on various areas throughout the state. I assume you can...
193,000 Coloradans moved away from the state last year. “We are seeing that there has been an increase in outs — the highest on record,” said state demographer Elizabeth Garner. Don’t worry, the bottom is not falling out. There are still more people moving here...
There is a new initiative heading to the ballot in Denver that could drastically increase prices in Denver. It is ironic that there have been many tax increases to help affordable housing yet on the other hand an initiative that will substantially increase the cost...
I hope everyone is having a great spring and enjoyed the recent spring snow where the mountains got over 2ft. With spring in the air, will the real estate market in Denver start heating up or has the snow put a damper on things? I’ve predicted the past year or so...
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