In Colorado, residents love open space and the quality of life it brings. On the flip side there is a brewing affordability crisis throughout the Denver metro and in every resort community in Colorado. This leads us to the question; can Breckenridge use eminent...
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...
Vail resorts recently announced that skier visits through January 5th are down 7.8% across all its resort properties while lift ticket revenue was flat. With prices not increasing, how are visits down yet revenue still flat? What does this have to do with one ski...
According to the Colorado Association of Realtors, Denver real estate inventory fell 29% in December, number of sales increased 17% and sold price increased 5%. Breckenridge and Steamboat also saw listings decline by almost 30% with prices increasing modestly....
After being tied up in litigation, the Colorado Supreme Court just authorized a new anti growth initiative to substantially limit growth within the 11-county metro area (from CO springs to Ft. Collins) and all the cities/towns within. The new initiative limits new...
I always hate in the news where you hear about a story and are left wondering how it was actually resolved. A few months ago, Denver began filing felony charges against homeowners for illegally renting properties via airbnb and Homeaway and lying on the affidavit. ...
Happy New Year! It is time for my annual Colorado real estate market predictions. Is it dawn or dusk for real estate in Colorado? The main economic drivers in 2020 will be the pace mortgage rate increases, the election, and end of cycle volatility. Each of these...
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...
According to the Denver Metro Association of Realtors, Denver metro new real estate listings fell 12% in October, number of sales dropped 6.4%, and sold prices stayed basically flat. In addition, homes for sale in colorado dropped. Don't worry, the sky is not falling...
First I wanted to wish each of you a Happy Halloween. The picture above is from my pumpkin adventure with my kids. On the left is what the pumpkin carving package shows, on the right is the actual end product. What happened to the days of cutting out two eyes and a...
Ski season officially opened in Colorado on Friday (above is a pic of the first snow of the 19/20 season in Steamboat). One Ikon resort (Arapahoe basin) and one Epic resort duked it out for the honors with Arapahoe basin opening hours before Keystone. What caused...
Happy Fall to everyone 🙂 Just as the leaves are changing, there are big changes on the horizon for real estate in Denver. Denver County released a proposal to increase the minimum wage to 15.87 by 2021 and other cities like Breckenridge are starting similar...
The Colorado Association of Realtors released their August statistics of the 7 county Denver metro area. Although Median sales price is up 2.5% YTD, two metrics are flashing warning signs. Days on the market has jumped 27% and percent of list price has declined. ...
According to the Summit County association of realtors sales in July are down 18.3% in July and 15% for the year to date while Vail was up 47% in July and down about 4% for the year. The decline is being attributed to a “lack of inventory”. Is there more going on...
A housing slowdown is taking hold in some Florida markets, where a growing share of properties sold only after the seller cut the asking price. Miami, Jacksonville, Orlando, and Tampa take 4 of the top 10 spots for recent price reductions. How are Colorado and...
Denver City Council members are pushing a new tax on commercial real estate owners that is 20 times the rate set by Boulder County. The new tax is called a “pollution tax” targeting commercial property owners and their property usage. What is the new pollution tax...
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 😊 ...
Colorado has the lowest obesity rate of any state, but when it comes to financial fitness, residents of the state borrowed money at an unrivaled pace last year, contributing to one of the heaviest debt burdens in the country beating all but two states for most...
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. At the same time prices have held steady while mortgage rates...
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...
The Denver district attorney filed felony charges against two realtors in Denver County for allegedly running illegal nightly rentals. This could result in jail time of 2-6 years. The spokesperson for the Denver District Attorney's office, Carolyn Tyler, says these...
The 2018/19 season was Epic (or Ikonic depending on your pass preference) with every major resort posting record sales tax revenue, occupancy, and lodging rates. At the same time real estate continued to skyrocket in most mountain communities. With all this good...
A new Chilean company, BrickOp, has a “novel” plan to help investors buy their first piece of real estate with absolutely no money out of their pocket. Sounds like a great deal! Should you do an investment like this? Buy real estate with no experience and no risk,...
I took the picture above on a trail run earlier this week outside of Steamboat when I met up with a very large "friend". This was the biggest black bear I have seen in Colorado. What does this have to do with min wage? Absolutely nothing, but thought you would...
