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Recent Articles from Kristen Herhold
Surprising new data on America’s house-price-to-income ratio crisis
A new report by Real Estate Witch has uncovered a disturbing trend: Since the 1960s, wages have been more or less flat while home prices have more than doubled, outpacing household income since the 2008 financial crisis by three times. This trend is making things increasingly tough—and maybe impossible—for buyers.
8 things to know when selling your home
It’s a great time to sell a home in Colorado. One recent study found that Colorado is one of just eight states where more than half of all zip codes saw double-digit increases in home values over the previous year. But, even in a booming market, selling your home is complicated. Check out these expert-tips before you sell your home.
Tips for getting out of credit card debt
A recent study found that over half of all Americans carry a credit card balance from month to month, and that since the beginning of the pandemic in March 2020, 44% of Americans have taken on more credit card debt. Here are some tips to get out from under your credit card debt.
Should you invest in long-term or vacation rentals?
To decide whether you want to invest in a short-term or long-term rental property, lay out your goals and decide how much time you want to invest into your project. Ultimately, both have their pros and cons, so you need to pick the investment style that best suits your needs
Does marijuana legalization affect Colorado’s home values?
A 2021 study found that, between April 2017 and April 2021, home property values increased by $17,113 more in states where recreational marijuana is legal, compared to states where marijuana is illegal or limited to medicinal use. Let’s take a look at some of the factors that contributed to that significant change in value.
Tips for using a 1031 exchange
Real estate investments are one of the best and surest ways to grow your wealth over time. If you’re interested in using 1031 exchanges to meet your real estate investment goals, it is important to understand how the tax code can and can’t work for you. Let's dive in.
The state of housing inequality in Colorado in 2021
The COVID-19 pandemic has further widened the already-cavernous wealth gap between Black and white communities and exacerbated inequalities that are the reality for Black families across the U.S.
How to improve mental health in the workplace
What can business owners and managers do to reverse this trend? Here are some ways employers can tackle the mental health crisis head on and why addressing these issues are critical to the future of business in Colorado.
What Millennials want in a Colorado home
A dream home can quickly turn into a money pit if more damage is revealed once renovations begin. Understanding the needs of young adults and first-time home buyers is imperative to staying ahead in Colorado’s busy residential market.
What’s the future of commercial real estate?
With increased remote work and PPE measures being installed, co-working spaces will likely be on the rise, but offices will certainly not be as large or prominent as they once were. This does not mean, however, that the commercial real estate market is dying. Rather, the needs of consumers have just shifted.
7 tips for finding the right tenant
Finding the right tenant is key to the success of any real estate investor. In fact, most major problems landlords face are the result of putting the wrong tenant in their property. Here’s how to find the perfect tenant for your Colorado rental property to make investing in real estate a little easier.
When is it time to sell your rental property?
The best time to sell will be determined by a mixture of your personal circumstances and the local market dynamics. The Colorado market is showing signs right now of being an extremely strong seller’s market. Let’s break down some of those numbers and talk about how long this situation might last before going over a few general principles that will help you decide if now is the right time to c[...]
