The 411 on Denver real estate.

What The Republican Tax Bill Means For The Value Of Your Home

Source: Samantha Sharf at Forbes

What the Republican Tax Bill Means for the Value of Your Home

Trump’s Tax Cuts & Jobs Act was released at the beginning of November (follow the live coverage about it on The Wall Street Journal’s website). Three major components of this Reform that are relevant to buyers, sellers, and investors are:

  1. the mortgage interest deduction will go from $1million to $500k,
  2. a new cap on property taxes, and
  3. capital gains limitations.

These all become more concerning as the median home price is approaching $500k in Denver.

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Denver Area Home Prices Continue to Drop Heading into Fall

Source: Kurt Sevits at Denver 7

Denver Area Home Prices Continue to Drop Heading into Fall

Inventory is still low but we actually have some different kind of news to report to you: the Denver real estate market is slowing down just a little bit. In September, the number of homes that sold had a noticeable decrease. Typically sales are down 10% from August to September, but last month it was down 21%! Showings are slowing down as well. Denver isn’t known for following seasonal trends (#snowinoctober), but we may be getting a glimpse of an true seasonal slowdown in the real estate market.

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New Denver Affordable Housing Plan Faces Questions about How City Will Help Residents Being Pushed out

Source: Jon Murray at The Denver Post

New Denver affordable housing plan faces questions about how city will help residents being pushed out

Denver released Housing an Inclusive Denver, a 98 page draft plan that goes over how the city will bring opportunity to vulnerable neighborhoods. Rightly so, residents are questioning if this plan will help them actually stay in their home or if it will displace them somewhere else. In neighborhoods where generational and cultural roots run deep, we understand their concern. What are your thoughts?

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From Mid-2000s Bubble, Denver Housing Prices Have Risen More Than Rest of U.S.

Source: Ben Miller at Denver Business Journal

From mid-2000s Bubble, Denver Housing Prices Have Risen More Than Rest of U.S.

99.5% of Denver homes are worth more than they were at the peak of the housing bubble in the mid-2000s. This is impressive, given that nationally only 48% of homes are worth more than they were at the peak. Just how much have Denver homes increased in value? A whopping 60% on average. What’s crazier: experts don’t see this reversing anytime soon.

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Denver Green Roof Mandate Will Go to Voters

Source: Michael Konopasek at Fox31 Denver

Denver Green Roof Mandate Will Go to Voters

In November, Denver will vote on whether or not new large buildings (25,000 sq ft or larger) should be required to install rooftop gardens, solar panels, or both. The purpose: to combat what is known as the “urban heat island” effect — when metro areas are significantly warmer than surrounding areas because of human activities. Our thoughts? Sounds like a great deal but the end users have to be willing to pick up the tab unless there is an incentive package. This will be another layer of expense for new housing when Denver is already in need of more affordable options.

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Seven Numbers that Explain Denver Real Estate in Early August

Source: Megan Arellano at The Denverite

7 Numbers that Explain Denver Real Estate in 2017

We will go ahead and put your mind at ease: this article isn’t talking about seven-figure home prices! Instead, Denverite brilliantly breaks down the seven different numbers that are affecting the Denver real estate market.

From Denver’s ranking in the Case-Shiller index, to the number of construction complaints the City of Denver has received, this is a fantastic cheat sheet to help understand whats going on in the Mile High City.

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Denver’s Most Expensive Neighborhood for Renters is a Culture Capital

Source: Denver Business Journal

Golden Triangle - Civic Center Neighborhood, Denver Colorado | Love Your Hood®

Denver real estate has thrown us an interesting curve ball and we love where it’s taking us. Golden Triangle, one of Denver’s oldest neighborhoods, is the most expensive area to rent (we’re talking median rent of $2,100 for a one bedroom!). The art scene, local restaurants and bars, and all of the happening festivities draw people into this culturally rich, upscale neighborhood. But wait for it….

It may be ridiculously pricey to rent in Golden Triangle, but it’s not ridiculously pricey if you want to buy, with properties for sale starting at $219k.* Which means you can buy in this hood and have a mortgage that is less than the median rent. We’ll take it!

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*at the time this article was written.

Denver one of nation’s hardest cities to add apartments

Source: We Are Apartments

Denver one of nation’s hardest cities to add apartments

Denver placed 9th out of 50 metro cities for hardest places to add apartments. Denver’s biggest barriers to growth are the lack of additional land to develop within the county and city regulations. Factor in expensive land and high construction costs and it’s no wonder that affordable housing is becoming more and more difficult to find. Read the full report or:

Read the Overview