Sales down 14% Inventory surges 28% in Denver in June Mortgage rates drop.

Sales down 14% Inventory surges 28% in Denver in June Mortgage rates drop.

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...
Felony Charges filed against Airbnb hosts in Denver, 2 years in prison, impact on real estate

Felony Charges filed against Airbnb hosts in Denver, 2 years in prison, impact on real estate

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...
Colorado to follow country into an economic slump in 19 then a great depression? 

Colorado to follow country into an economic slump in 19 then a great depression? 

  Beaulieu, a nationally renowned economist and president of ITR Economics, predicted: “The U.S. economy and your economy in Colorado will slow down in 2019…Expect a slow down, but don’t expect a break down”.  He then went on to say that: “An aging population,...
Home prices fall in Boulder, Denver and Douglas counties. Is it a blip, or a trend?

Home prices fall in Boulder, Denver and Douglas counties. Is it a blip, or a trend?

  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...
Denver loses its shine and secures spot on moving out list, 24% want to go!

Denver loses its shine and secures spot on moving out list, 24% want to go!

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...