The impact of mill levies on property value
Developers from out of state, namely Texas, where real estate taxes are much higher, typically are pleased to see how low taxes are in Colorado.
CREJ
August 21, 2019Springs’ booming economy impacts apartment market
Colorado Springs rewrites the rulebook on millennial appeal, creating a reputation as a hot spot for young professionals seeking a higher quality of life.
CREJ
August 18, 2019Are we there yet? Denver’s multifamily market
Denver (and most of the country) is coming up on 10 years of continued economic expansion.
CREJ
August 18, 2019Housing crisis motivates innovative, new approaches
A recent report by ATTOM Data Solutions announced Denver as the worst county for home affordability in the United States, as a percentage of income necessary to afford a median-priced home relative to historic averages.
CREJ
August 18, 2019Limited new homes will reverse affordable progress
The record-breaking amount of new apartment construction in the last several years has yielded exactly what economists would predict: Rent growth has fallen from double-digit highs earlier this decade to below the rate of inflation over the last 12 months.
CREJ
August 17, 2019Affordable housing: Choosing a market analyst for your next project
A strong, well-supported market study prepared by a Colorado Housing and Finance Authority-approved analyst is one of the most critical aspects of all tax credit applications. The market study
CREJ
May 24, 2019The multifamily market: Hype or the real deal?
Is Denver overbuilt, or are all of these new apartment communities making up for pent-up demand from the past 15 years? Why is multifamily so expensive, and when are cap rates going to adjust for a
CREJ
May 23, 2019Designing residential in ‘destination neighborhoods’
Since the postwar area, a demographic tidal wave has pushed populations in urban areas to the highest levels in the country’s history. Four-fifths of Americans now live in cities. As cities grow and
CREJ
May 17, 2019Small-balance loans bring big benefits to owners
On March 26, Gary Ghiselli closed on refinancing Forest Street, the 24-unit property he has owned for several years. Leveraging a rally in the U.S. Treasury rates, he locked in a 4.09 percent fixed rate for 12
CREJ
May 17, 2019Affordable housing: Essential considerations to find the right architect
There are many guides on how to hire an architect with an inevitable “top 10” list of things such as fees (cost per unit vs. percentage fee); process (methodology and software); website
CREJ
May 16, 2019