Similar to the website who.what.WEARbut much more exciting! Because, we prefer WHERE over wear any day. This post is only the most important information on the Internet with a focus on the where (Denver real estate market, of course).
- A billbeing proposed to the state Senate could potentially raise the tax rates on short term rentals. This has potential to impact both the metro Denver real estate market and economy. Read more to find out what is being proposed and how it may impact you.
- Last year the city of Lakewood voted to limit the amount of new builds to 1% growth each year. This should allow for 693 homes this year, however, this year Lakewood is proposing to take into consideration the 1,075 housing units that are currently at some stage of review with Lakewood planning officials toward the annual cap in both 2020 and 2021. This would limit the amount of new homes being built to 156. Whatever the outcomes is will mean there will be a huge restriction on new homes in Lakewood. As the supply decreases, homeowners will see the value of their current Lakewood home increase as the demand for their home increases.
- There has been a lot of speculation that the housing and financial markets will stay pretty stable this year because of the upcoming election. However, this article offers a different thought, could the interest rates possibly drop three times this year?
- I recently ended up listening to thispodcast again since it still felt applicable. Andrew Cushman is incredibly down to Earth and very intelligent and successful in the realm of real estate investing. If you don’t take anything else out of the podcast, take this: “Pick your niche, focus on in it, be better at it than anyone else. Don’t get distracted by many other opportunities.” This can be applicable to real estate, investing, business and just about anything else in life.
- Last but not least, thisarticle isn’t necessarily about real estate but I found it fascinating. 1 out of 3 Americans run out of money by payday, even people making more than $100,000. A mortgage is often one of the largest payment each month and it is crucial to know what you can comfortably afford each month given your lifestyle costs. Just because you can afford a more expensive mortgage doesn’t always make it the best option.
What do you think? Have you read anything interesting lately?! Tell me!
Liz is broker and owner of Liz Daigle Realty.