COVID-19 DENVER AND COLORADO SPRINGS REAL ESTATE
COVID AND EVICTIONS + FORECLOSURES
COVID AND MORTGAGES
No matter what you do, DO NOT JUST STOP MAKING PAYMENTS.
Please check with whoever owns your loan as right now we have heard several different directives.
What we've heard:
Call your loan service provider(!!!)
COVID AND AIRBNB, HOUSE HACKING AND MEDIUM-TERM RENTALS
Our first hand experience is that the traveling nurse market is coming back since elective surgeries are happening again.
Have been contacted by people having trouble finding 30+ day medium term rentals. (Good for owners.)
House hacking in the time of coronavirus comes with some risks. Obviously, we're supposed to be social distancing right now. Sharing a house with four roommates makes that difficult.
And for those who are doing a rent-by-the-room model, and one of your tenants is a medical professional, there is the risk that other tenants want to cancel their leases if that nurse or doctors tests positive for coronavirus.
LAST UPDATED: 10/6/20
How is coronavirus and Covid-19 affecting real estate in Denver and Colorado Springs? Having as much information as possible can help during uncertain times. We updating this page with resources about mortgages, the real estate markets, ways to protect you and your investments, and more.
This is an unprecedented situation. This page provides national and local resources and opinions, but we are not attorneys or mortgage loan officers or economists and do not feel qualified or comfortable making predictions at this time.
we are: basically, business as usual. showing and listing homes, writing contracts, calling other agents, meeting with clients, etc. but with masks.
Both Denver and Colorado Springs' markets continue to have extremely low inventory.
People continue to want to take advantage fo the low interest rates.