As we’ve written in the past, Millennials have played a significant role in the revival of Denver’s economy. As increasing rent payments threaten to exceed monthly mortgage payments, however, Denver’s popularity among Millennials may diminish. Although worsening affordability has not discouraged Millennials’ interest in living in Denver thus far, as Millennials age and
HOA & CCIOA
New Year’s Resolutions for Denver Real Estate
The Denver real estate market has experienced steady growth in the last couple of years, but will it continue into the new year?
It appears so, according to an emerging trends report released by Urban Land Institute and PwC. The report ranked Denver in the top five real estate markets in the United States based…
Colorado Legislature Considering Construction Defect Litigation Reform
By Otten Johnson on
Senator Ulibarri’s Homeownership Opportunity Act (SB 14-220) was finally introduced Wednesday evening. This much anticipated bill represents a moderate compromise with bipartisan support to address construction defect litigation in condominium projects. As has been widely reported in the media, there are very few condominiums being constructed in Colorado, an issue that has the…
The “Silver Tsunami” and Real Estate
You may not know it, but, as the Denver Post detailed in a recent article, the “Silver Tsunami” has reached the United States, including Colorado. While the impact thus far has been gentle, when its full magnitude arrives, “[e]verything will be impacted,” including real estate.
The “Silver Tsunami” is the moniker demographic…
Wildfires Raise Important HOA Questions
By Otten Johnson on
Posted in HOA & CCIOA, Real Property
This weekend, the Denver Post included a story regarding certain legal issues related to the rebuilding of the Colorado Springs homes destroyed by wildfires, many of which were located in covenant controlled communities. As noted in the article, many of those communities have architectural review committees, but given the amount of destruction it is not…