It is important to highlight the factors causing the current housing crisis. There are five influences weighing on developers’ ability to meet the demands of the affordable housing market. Individually, each factor is not a deal-breaker, but combined they will greatly reduce or eliminate affordable housing options both in the Front Range and throughout most ski towns.
Be informed and seek advice from someone with experience to guide you based on your long-term plans and goals. There is no guarantee in any market and markets can change quickly, but knowledge will increase your long-term success.
In theory, the new units will accommodate an additional 102 seasonal workers. They will cost about $100,000 each, or about the same as the first units.
Hopefully no one has forgotten the last real estate groove and how badly it ended. With the market on fire in many locations throughout the country, there is increasing pressure to get transactions closed.
It has been an unpredictable and erratic season as both the weather and geopolitical forces created some interesting dynamics that shaped destination visitors mountain travel behavior.
In order for Denver to lay claim to being the real estate disruption capital of the world, standard disruption elements must fall into place.
Colorado is at a tipping point for pot industry. There will be far ranging impacts to the marijuana industry as more states come online, such as California. And though we had a first mover advantage, Colorado will no longer be the major player in the industry.
The 3,989 active listings of single-family homes and condos in metro Denver in January represented an all-time inventory low for any January on record.
There are many factors to consider when entering a negotiation on a home. With such a large transaction, it is easy to potentially make costly mistakes.
Returning the National Western Complex to its original purpose as a center of agriculture could be just the ticket to boosting economic development in the north Denver neighborhood, according to a recent study of the area.
There are a number of wild cards that could drastically alter these predictions, but 2017 is going to be full of volatility (look at the wild swings in treasuries and stocks already) that will no doubt impact Colorado real estate.
The trend of moving West has caused Colorado to boom; however it comes with unintended consequences. The challenge is to balance growth in a way that enables a great community and state for everyone.