ICOR Monthly Meetings Return LIVE in June!

Posted By: Troy Miller ICOR Blog & News ,
452 days in the making, ICOR is ready to return and see you at one of our three meetings across the Front Range! Here are three things you need to know about ICOR’s Monthly Meeting in June:
  1. Meeting Dates & Locations
  2. Agenda
  3. Topic/Panels by Location

Meeting Dates & Locations:

  • Monday, June 7th |
    Northern Colorado/Fort Collins:
    Group Real Estate Classroom
    2803 E Harmony Rd
    Fort Collins, CO 80528
  • Tuesday, June 8th |
    Colorado Springs
    Hyatt Place-Garden of the Gods
    503 W Garden of the Gods Rd
    Colorado Springs, CO 80907

  • Wednesday, June 9th |
    Denver
    South Metro Denver Realtors Assoc
    6436 S Racine Cir
    Centennial, CO 80111

Our Monthly Meeting Agenda:

ICOR is tweaking our monthly meeting agenda to include more conversation, insight, and networking!      So, take a moment to familiarize yourself to attend and participate where it makes sense for you!

  • 6:00 p –Market News and Update: Your up-to-date analysis on the trends in National, Regional, and Local areas. Come find out where your market is heading - valuable information no real estate investor should do without.

  • 6:30 p – Haves & Wants: Our exciting networking and Haves & Wants session is       fast-paced and allows our members to quickly tell each other about who they are, what they have, and want they want.

  • 7:15 p – Main Meeting Presentation: This presentation features a national, local, or panel of experts on general topics such as Fix & Flip, Buying Notes, Private Money Lending, Marketing Strategies, Buying Land or Commercial/Multi-Family property. These are "you can't afford to miss" meetings!

  • 8:45 p – Meeting Adjourn

This Month’s Topic:

"The State of the Real Estate Market"

The last time that we were all in person, we were living in a different world. Recently, Chris Kuehl, Economist for the National Real Estate Investors Association, said, “This is now the year of transition but at this point it is not clear what the economy will be transitioning to. There are those that suggest that everything will return to the patterns of the past and those that assert that nothing will ever be the same. The reality lies somewhere in between as it has been obvious that patterns have
shifted as people and businesses adjust to the new realities in the world.”

In June, ICOR is assembling a panel of real estate & city planning and development experts across the Front Range to discuss specific to your local market. This event will be a brief review of the past year and what you can expect in the next 1 to 3       years to plan, pivot, and calculate your investing trajectory!

Our Panels by Location Include:

Northern Colorado:

  • Ryan Mounce, City of Fort Collins
  • Bob Paulsen, City of Loveland
  • Brandi Broadley, The Group Real Estate

Colorado Springs:

  • Morgan Hester, Colorado Springs Land Use Review
  • Steve Posey, Colorado Springs Community Development
  • Bill McAfee, Empire Title

Denver:

  • David Gaspers, City & County of Denver Community Planning & Development
  • Michael Hills, Atlas Real Estate Vice President of Brokerage 
Key Areas of Focus:
    1. The economy (and real estate sector) 
      • Single-family homes are expected to rise in value, while retail and hospitality will see the largest decline. The long-term outlook in the real estate sector hinges on the country’s ability to reign in the fallout from COVID-19.

  • Exodus to the ‘burbs 

      • COVID-19 is accelerating suburban growth. With a greater emphasis on health and safety, the need for lower-density environments and more space has only grown. Remote work and higher taxes in large cities due to declining tourism and business tax revenue contribute to shifting away from an urban core.

  • Work from home changes office outlook 

      • 94% of real estate professionals agree that companies will allow employees to work remotely at least part of the time in the future. As a result, some businesses will shrink their footprints as a cost-savings measure.

  • Affordable housing remains a major issue. 

      • COVID-19 has only accelerated the housing disparities in the US as many low-income workers experience unemployment and possible eviction. With state and local governments facing large revenue declines, experts agree that the federal government has the wherewithal to provide programs and resources to this problem, including the expansion of the Low-Income Housing Tax Credit and Section 8 vouchers.

  • The great fiscal challenge 

    • Long-term revenue declines will affect all government services but could be particularly impactful on infrastructure investments, a critical need (not just for real estate).      An analysis by the National League of Cities predicts that 65% of cities will delay or cancel infrastructure projects due to COVID-19.

We look forward to finally seeing you and the ICOR Community in person! We’ll see you at one or all three locations!