It has been a crazy election cycle in Colorado with multiple initiatives impacting everything from alcohol, nightly rentals, income taxes, school lunches, magic mushrooms, etc… Some taxes were reduced, others were increased. What were the big Colorado initiatives...
ATTOM, curator of the nation’s premier property database, today released its fourth-quarter 2021 Special Coronavirus Report spotlighting county-level housing markets around the United States that are more or less vulnerable to damage from the ongoing Coronavirus...
Metro Denver’s housing market has been changing in recent weeks, much like a cold front ending record heat, and could provide significant relief for buyers if this continues, local real estate agents say. The market has started moving in the past two to three weeks...
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...
Denver is making waves again with the passage of a new law that requires all long-term rental properties to meet “min housing requirements”. On the surface the new law sounds innocuous, but the reality is far different. How will these new requirements impact the...
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...
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...
According to one of the nation’s leading movers, the 2019 Atlas Van Lines Migration Patterns study found that 26 states registered as balanced—meaning that moves in and out of the states were roughly equal—13 as outbound, and 11 as inbound. Colorado became “inbound”...
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...
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...
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. ...
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...
Redfin, the online brokerage, released their recent search volume report which shows Denver is losing it’s “mojo”. Denver topped the list of metros people looked to leave, posting the highest net outflows in the fourth quarter. 24% of all users were searching to move...
I think most people would agree, the current real estate expansion is getting a little “long in the tooth” and is poised for a correction/change. Real estate, like a hot air balloon, can’t go up forever. At some point it needs a break to refuel. Colorado is not...
There is a new initiative in town to drastically limit growth in one metro Denver City. Lakewood just won major litigation that had derailed a “growth initiative” that limits new residential development to 1% of the existing housing stock. Why is this important? ...
First, I hope you and your family have a wonderful holiday season. I was driving towards Breckenridge and stuck in the Eisenhower tunnel before going down the pass when I took this picture. What does this mean (read more). I spend lots of “windshield time” throughout...
Location Inc, founded by Andrew Schiller (he accurately predicted the last real estate bust), came out with new real estate predictions for the Northern Colorado Front Range. According to recent models, Boulder will plunge by 19% by 2022 while Greeley should be a...
No, this is not the beginning of a bar joke and no you do not need to drink before answering! Both Corona and Coca-Cola will drastically alter commercial real estate throughout Colorado. Constellation brands (owner of Corona and various other spirits) announced a...
Amendment 74, which will be on the November ballot, would require state and local governments to compensate private property owners when laws or regulations reduce the “fair market value” of their private property. On the surface, it seems straightforward, but the...
Sales of homes worth 1 million or more fell 44.4% between August and September and sales of homes over $500,000 dropped 33 percent during the same period. Overall sales in September of 2018 are down 21.4% from September 2017 (Denver Metro Association of Realtors). ...
From the title it looks like the Colorado cannabis industry is doing well. I this the real story? Is the headline misleading? How is the Colorado Cannabis industry so much better than the newly created Oregon marketplace? What can Oregon tell us about the future...
Are you ready for marijuana sales in grocery stores? You can pick up a gallon of milk and marijuana in one convenient location! Canada recently passed legislation legalizing marijuana for the entire country and two provinces announced that they will allow sales in...
President Donald Trump has reportedly lent his support to Cory Gardner, a U.S. senator from Colorado, promising to back legislation that “protects states’ rights” on legalized marijuana. The president's decision would represent a split from U.S. Attorney...
