Long Term Rental licenses now required in Denver; Costs and requirements skyrocket; affordable housing reduced

Long Term Rental licenses now required in Denver; 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”.  On the surface the new law sounds innocuous, but the reality is far different.  How will these new requirements impact the...
Colorado population growth inbound 1st time since 2009

Colorado population growth inbound 1st time since 2009

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”...
Real Estate Inventory down almost 30% in Denver

Real Estate Inventory down almost 30% in Denver

  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....
Homes for sale in colorado decline.

Homes for sale in colorado decline.

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...
Will next Denver housing market recession be severe?

Will next Denver housing market recession be severe?

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...