Denver Long term rental licenses go into effect Jan 23; Costs and requirements skyrocket; affordable housing reduced

Denver Long term rental licenses go into effect Jan 23; Costs and requirements skyrocket; affordable housing reduced

Denver is making waves again with the passage of a new law that requires all long-term rental properties to meet “min housing requirements”.  This new law goes into effect on January 1 2023.  On the surface the new law sounds innocuous, but the reality is...
Investors purchase record number of homes (1.7b) in Denver, what does this mean for values

Investors purchase record number of homes (1.7b) in Denver, what does this mean for values

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...
There is no real estate inventory in Colorado, yet closings are up

There is no real estate inventory in Colorado, yet closings are up

If you look at Denver county, the number of properties sold is up 10% , in Routt County (Steamboat) sales of single family homes is up 30% over 2019.  If there is no inventory/ little inventory available how are sales continuing to break records.  Is there another...
New tax plan in Congress will hit Colorado real estate hard.

New tax plan in Congress will hit Colorado real estate hard.

Colorado real estate is on a tear, with appreciation off the charts.  In Denver appreciation is up 25% year over year.  Unfortunately, all this appreciation could cause some large tax hits based on the new legislation.  How will the new legislation...
What will drive Denver real estate in 2021, # 8 rank     

What will drive Denver real estate in 2021, # 8 rank     

There has been allot of talk about Denver being primed for a long term decline in real estate.  Will this actually occur?  Short answer no.  Why?  Simple math more people are moving to Denver than leaving.  What does this mean for real estate values in the short term...