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Real Estate News Blog

Wednesday, July 18, 2018   /   by Anthony Chavez

How an Economic Boom Can Run Out the Clock

How an Economic Boom Can Run Out the Clock
https://www.wsj.com/articles/how-an-economic-boom-can-run-out-the-clock-1531670259?mod=mhp
Australia’s 27-year stretch of growth offers lessons for U.S policy makers


James Glynn



Since 1854, the U.S. has experienced 34 expansions, lasting from 10 months to 120. The current one, in its 10th year, is already longer than all but the one of the 1990s.
Australia is experiencing an amazing economic run—a 27-year expansion that survived a regional economic crisis in the 1990s, a global economic crisis in the 2000s, and a boom-boost cycle in its core commodity sector in the 2010s.




Created with Highcharts 6.0.4That’s an ExpansionEconomic growth in Australia has continued for nearly threedecades.Australia's GDP, change from a year earlierSource: Australian Bureau of Statistics via JPMorgan


Created with Highcharts 6.0.4%1980’85’90’952000’05’10’15-101234567




Its expe ...

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  anthony chavez, real estate, denver, mortgage news, the world

Saturday, July 14, 2018   /   by Anthony Chavez

Required Notice to Raise Rent on a Month-to-Month Lease– It’s Not 7 Days Anymore!

Required Notice to Raise Rent on a Month-to-Month Lease– It’s Not 7 Days Anymore!

For decades Colorado landlords could terminate unwritten month-to-month leases upon 7 days notice.  This law was recently changed to require at least 21 days notice.   Many landlords haven’t realized that the new law did more than change notice requirements for termination.  The new law also requires that month-to-month landlords having no written lease must provide tenants with a 21 day notice before increasing the rent.  The law applies not just to month-to-month leases, but to leases between one month and six months.
Need a legal primer on lease terms and legal issues, or information about benefits and requirements of Section 8 leasing?  Join us for our upcoming Investor Advantage Lunch & Learn on July 18, 2018.  We will go over all the ins and outs of leases, terminations, and security deposits.  Representatives for Adams County ...

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  anthony chavez, real estate, denver, mortgage news

Friday, July 13, 2018   /   by Anthony Chavez

States of Migration: Where Coloradans are moving, and who's replacing them

States of Migration: Where Coloradans are moving, and who's replacing them


 


https://www.bizjournals.com/denver/news/2018/07/12/states-of-migration-where-coloradans-are-moving.html?ana=e_ph_prem&u=4Daoq0TlVPd8Sw34%2Bmqafw0be24170&t=1531490034&j=82676331


 


 


By James Rodriguez  – Data Reporter, Denver Business Journal - Jul 12, 2018, 7:30am MDT Updated a day ago


 


 


Despite a recent downturn in the number of people entering the state, Colorado, and Denver in particular, remains a hotbed of migration. 


Two ZIP codes in the Denver metro area — 80007 in northwest Arvada, and 80238 in the Stapleton area — were among the fastest growing ZIP codes in the state from 2015 to 2016.


But where are all of those out-of-staters coming from, and where are Colorado residents headed when they decide to seek greener pastures? Data from the U.S. Census Bureau h ...

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  anthony chavez, real estate, denver, mortgage news, ' people looking to move out, the world

Thursday, July 12, 2018   /   by Anthony Chavez

Spring Home Sale Season Shows Signs of a Bust

Spring Home Sale Season Shows Signs of a Bust
This month’s report extends a slowdown as sales were down on an annual basis for three straight months
https://www.wsj.com/articles/u-s-existing-home-sales-fell-in-may-1529503507?emailToken=c9d366d7e625ef6ca90d2b450fb3281cyBkNBvNIjeFPdYOXvpOpsSZ%2FX7QEGXKgRvV%2FzlLVfKTIV8IVcjMJQVaU6UDvD4Ps94es8fo4uuCtVdflAMFYpw%3D%3D
 
By Laura Kusisto and Sarah Chaney
Updated June 20, 2018 5:19 p.m. ET

A booming economy is providing little boost to the critical spring homebuying season, which is stuck in neutral due to a lack of inventory, high home prices and rising mortgage rates.
Existing home sales have declined compared with a year earlier in four out of the first five months of this year. Sales of previously owned U.S. homes dropped 0.4% in May from the prior month to a seasonally adjusted annual rate of 5.43 million—the second-consecutive month they declined, the National Association of Realtors said Wednes ...

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  anthony chavez, real estate, denver, mortgage news, home prices

Wednesday, July 11, 2018   /   by Anthony Chavez

Here's how Denver hopes to ferret out unlicensed short-term rentals

Here's how Denver hopes to ferret out unlicensed short-term rentals 
https://www.bizjournals.com/denver/news/2018/07/02/denver-unlicensed-short-term-rental-enforcement.html?ana=e_mc_prem&s=newsletter&ed=2018-07-02&u=4Daoq0TlVPd8Sw34%2Bmqafw0be24170&t=1530544240&j=82477321
 
 
 
By Monica Vendituoli  – Reporter, Denver Business Journal 3 hours ago
 
Eric Escudero, director of communications for Denver’s Department of Excise and Licenses, said short-term rental licensing enforcement is a top priority for Denver.
“One of the main reasons for enforcing these rules in Denver is this is part of the city’s efforts to slow down the rapid increase in our cost of living,” Escudero said.
The city now has six employees dedicated to short-rental license enforcement, up from one last year.
And Denver is using a software program called Host Compliance to automate its short-term rental enforcemen ...

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  anthony chavez, real estate, denver