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
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
Senate Passes Bill Exempting Condos from Certain ILSA Requirements
Last week, the United States Senate unanimously approved an amendment to exempt condominium developments from certain provisions of the Interstate Land Sales Full Disclosure Act (“ILSA”). The bill, which also passed unanimously through the House of Representatives last year, is now being sent to the President for his signature and will take effect 180
Proposed Legislation Would Profoundly Impact Colorado Construction Contracts
A last minute bill has been introduced in the Colorado Senate. Colorado Senate Bill 12-181, introduced last week by State Senator Lois Tochtrop, proposes new requirements related to construction projects in Colorado. These proposed changes are not favorable to property owners in Colorado and will limit the ability of property owners to negotiate business terms
Take Two for a Colorado Foreclosure Bill
With foreclosures on the rise, it is no wonder that Colorado’s unique public trustee approach to the bank/borrower relationship finds itself in the limelight. The CEO of RealtyTrac was quoted in a recent USA Today article suggesting that foreclosure-related sales will increase this year “as lenders start to more aggressively dispose of distressed assets held