Denver real estate trends: investor purchases, taxes, inventory, minimum wage and recession risk.
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...
Although there is considerable uncertainty on the economic recovery with the virus, I can tell you with 100% certainty you will see an increase in Colorado taxes as states burn through cash. At the end of the day someone has to pay and unfortunately you and I will be...
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...
Although nobody knows how or when the next denver housing market recession will occur, we saw in the last cycle certain cities performed substantially better than others. Redfin recently ranked the top metro areas that will perform best (and worst) in the next real...
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...
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). ...
