Denver, CO
Colorado homes acquired by inheritance reach record 12% of home transfers
In “The Game of Life,” landing on the “Inherit a House” square is one of the most coveted on the board. In real life, a home or condo is also one of the greatest financial gifts that can be passed on, especially in a housing-strapped state like Colorado.
More Coloradans are seeing the big wheel spin in their favor each year. But the pace won’t be enough to make up for a housing shortfall estimated at more than 106,000 units in 2023, according to a report from the Colorado Department of Local Affairs.
About one in eight homes that traded hands in Colorado last year represented an inheritance, which is a little below the share that new home sales represented, according to data from the real estate research firm Cotality.
“Inheritance in the 12 months ending in 2025 totaled nearly 12,000 homes, which happened to be almost 12% of all total property transfers. This is higher, both in terms of the number and the share, than previous years — in line with the national trend,” said Matt Delventhal, a principal economist at Cotality.
Cotality measured the 12-month pace of home sales, new and existing, and inheritance transfers in Colorado through October for the odd-numbered years from 2019 to 2025. Existing home sales were down sharply between 2021 and 2025, falling from 128,899 in 2021 to 75,833 in 2025.
Likewise, new home sales fell from 22,064 in 2021 to 15,610 in 2023 to 12,755 in 2025, according to Cotality.
Inheritances, by contrast, continued to chug along, going from 10,052 in 2021 to 10,243 in 2023 to 11,945 in 2025. The gap between new home sales and inheritances was only 810. Inheritances are contributing almost as much to inventory as new home construction.
A lack of enough new construction, especially for first-time buyers, has pushed up existing home prices. High prices, when combined with higher mortgage rates, have resulted in fewer sales. Because home sales have fallen so much, the “inheritance” share of all home transfers has nearly doubled in Colorado, from 6.2% in 2021 to 9.9% in 2023 to a record 11.9% in 2025.
“The increase in the share is a bit sharper than the national trend, mostly because Colorado resales drop off a bit more sharply in 2023-25 than the national average,” Delventhal said.
Nationally, the market share of inherited homes went from just under 5% in 2021 to 6.8% in 2023 to 8.7% in 2025, which translated into 412,174 homes and condos passed down. Those percentages also reflect the 12-month tally through October.
“The behavior around inherited homes does feel different from what it did pre-2022. Historically, most estate transfers functioned as pass-through transactions. Heirs would inherit the property, do some light clean-up or updates, and put it on the market fairly quickly. That still happens, but I am seeing more cases where families pause and evaluate other options first,” said Cooper Thayer, a Realtor with the Thayer Group in Castle Rock.
Because inherited homes have little or no debt and strong rent potential, and because selling has become more difficult, heirs are increasingly looking at keeping the homes as rentals or to move into, he said.
While Colorado’s share of inherited homes is above average, it lags behind California, a more expensive market where 18% of home transfers involved an inheritance, according to Cotality.
In California, favorable tax laws locked in lower property tax rates and provided beneficiaries with an incentive to use an inherited home as a primary residence. For the first time this year, passed-down homes ran more than double the number of new homes sold in the state, according to Cotality.
Prop 19, passed in 2020, limited the transfer of a lower tax base only to homes that a child or heir actually occupied, and excluded rental homes. It also excluded only the first $1 million in added value beyond the original value used to determine property taxes. The state, however, could see a ballot measure this year that would restore some of the more generous property tax breaks to heirs.
At first glance, the increase in home inheritances seems to validate the “Silver Tsunami” hypothesis. Baby Boomers, those born between 1946 and 1964, were not only huge in numbers, but also more likely to own homes than earlier generations. By the time they turned 65, individuals born in 1948 owned 50% more homes than those who were born in 1938 did at the same age.
Compared to prior generations, baby boomers have also shown a greater propensity to hold onto their homes more tightly, adding a different meaning to “until death do us part.” About six in 10 say they don’t plan to ever sell their homes, and three in 10 are holding on so they can pass the properties down, according to HousingWire.
“They are going to have to take me out of there in a box, even though it is a two-story home,” said Jennifer Antonio, an agent with Sotheby’s International Realty in Denver.
Antonio, who puts herself in the never-sell boomer group, said she and her husband purchased their first home when she was 23. They did so on two minimum wage salaries, proof of just how much better the market did in matching options to incomes. Now the average age of a first-time homebuyer is 38, she said.
Her four millennial children still don’t own, despite being college-educated. With her parents too old to host big events, her home has become a stable gathering place for the family, where adult children can flow in and out, and where everyone gathers for Thanksgiving and Christmas.
“I need to stay in that home,” she said. Antonio said her older clients complain about a lack of good options if they do sell, which can keep them locked into homes that have become burdensome. Builders, seeking to get as much square footage as they can on a lot, aren’t building enough products like ranch homes that would appeal to older buyers.
That baby boomer hesitancy, Cotality says, is “effectively freezing the anticipated flow of supply.” Boomers can’t hold on forever, but it could be well into the 2030s before a substantial amount of older housing stock better-suited for young families emerges. Younger generations could find themselves stuck renting for longer than they would like.
Cotality suggests the “tsunami may, instead, hit the beach as a soft, rolling wave.”
Tax policy changes could help free up some of those homes. Federal rules make any net home value gain above $250,000 for a single filer and $500,000 for joint filers subject to a capital gains tax. Many long-time owners in Colorado have surpassed those limits and then some. Raising the capital gains caps or eliminating the tax for seniors could speed up sales.
Colorado’s homestead exemption provides homeowners age 65 and above with a 50% discount on the first $200,000 in property value. But someone must have lived in a home for the prior 10 years to qualify. If they sell and move to a smaller home in an active adult community, they lose their tax break. Making the tax break transferable could help as well.
The state has seen a noticeable improvement from the shortfall of 140,000 homes and apartments in 2019, right before a sharp drop in interest rates during the COVID-19 pandemic unleashed a surge in construction. New home construction has struggled ever since the Federal Reserve lifted interest rates in 2022 and 2023 to combat inflation, and it has largely fallen on apartment developers to try and close the gap.
More is needed. Slower migration to the state, both domestic and international, may help ease the shortfall. After fueling Colorado’s economy for years, migration could reverse this year. With high housing costs making Colorado less attractive to those relocating from other states, and with international migration going negative, natural increases, or the gap between births and deaths, will drive housing demand in the next few years.
Births are down from what they were in the early 2000s, in part because young adults are having a harder time getting established and finding stable housing. Deaths are expected to rise in the years ahead because of an aging population, freeing up more homes.
Colorado may eventually find itself with too many homes. But that is a problem for another day.
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Denver, CO
Jazz List 8 Players on Injury Report vs. Nuggets
The Utah Jazz and Denver Nuggets are tipping off their second-to-last meeting of the 2025-26 season on Friday in the Mile High, where for the Jazz in particular, they’ll be dealing with several injuries headed into the matchup that’ll make them shorthanded once again.
Here’s what to expect on the injury front for both the Jazz and Nuggets on Friday night:
Utah Jazz Injury Report
OUT – Isaiah Collier (hamstring)
OUT – Keyonte George (hamstring)
OUT – Jaren Jackson Jr. (knee)
OUT – Walker Kessler (shoulder)
OUT – Lauri Markkanen (hip)
OUT – Jusuf Nurkic (nose)
PROBABLE – Kyle Filipowski (illness)
OUT – Blake Hinson (two-way)
It’s a lot of the same for the Jazz when looking back at some of their recent injury reports, but there’s also some good news to note as well.
Second-year big man Kyle Filipowski, specifically, is trending up to play in Denver after dealing with an illness against the Washington Wizards; an issue that kept him sidelined for one game and left the Jazz’s frontcourt notably shorthanded for what would be a double-digit loss.
During his post-All-Star stretch, Filipowski has been averaging 13.2 points, 8.8 rebounds, 4.2 assists, along with 1.2 steals and 0.9 blocks through 11 games.
He’s slotted in primarily as the Jazz’s starting center since both Walker Kessler and Jusuf Nurkic have been out with season-ending injuries, and has shown some nice flashes throughout.
However, outside of getting Filipowski back in the mix, the Jazz will still be without second-year guard Isaiah Collier, who continues to deal with hamstring soreness, and will also continue to be down Keyonte George and Lauri Markkanen with their extended absences.
It remains to be seen if any of the latter two will be able to return at some point this season, but now with less than 10 games to go on the calendar before the offseason officially hits, the chances of either Markkanen or George coming back keep getting slimmer and slimmer.
For the extent either remains out, expect to see a good chunk of Ace Bailey being the primary scoring option as he has through his recent slate of games, along with an expanded role for their two-way and 10-day players down the bench who have gotten more minutes in recent weeks.
Denver Nuggets Injury Report
OUT – David Roddy (two-way)
OUT – KJ Simpson (two-way)
As for the Nuggets, their injury slate remains clean. The only names out will be a pair of their two way signings in David Roddy and KJ Simpsons, while the rest of their roster is slated to be active.
It’s a major change from what the Nuggets have been used to all season when factoring in their several injuries to key players lasting multiple weeks.
Nikola Jokic, Cameron Johnson, Christian Braun, Aaron Gordon, and Peyton Watson have all missed significant time at one point or another this season, but against Utah, they’ll have all systems go as they roll into the game on a three-game win streak.
Tip-off between the Jazz and Nuggets lands at 7 p.m. MT in Ball Arena.
Denver, CO
‘The math just doesn’t work’: Little India to close in West Highland
Little India will close its West Highland location in the coming months, owner Simeran Baidwan told BusinessDen.
It marks the end of a five-year run at the corner of 32nd Avenue and Lowell Street for the local Indian chain.
“We opened to preserve jobs because we didn’t have enough revenue,” he said of the pandemic days when restaurants were struggling.
The 3496 W. 32nd Ave. store helped keep dozens of chefs and servers in Baidwan’s “Little India family,” he said. Those workers will now have the opportunity to work at his other restaurants.
“Five years later, the question isn’t whether people love the food,” he continued. “It’s whether independent restaurants can survive the compounding pressures and expenses, especially in Denver.”
Baidwan, who opened the first and still-running Little India at Sixth and Grant alongside his parents in 1998, singled out rising minimum wage, insurance, delivery fees and credit card processing fees as factors contributing to the closure.
“I think what it is, is a Denver restaurant industry story, it’s not just our one restaurant story,” he said. “I think what’s happened, in this day and time, is that life has become really expensive. There’s no margins. The math just doesn’t work.”
Being in the Highlands was also a factor, Baidwan said. The desirable location comes with high rent as well as skyrocketing property taxes he’s been responsible for. Add in dwindling consumer spending and Baidwan said his hand was forced.
“Busy doesn’t always mean profitable,” he said. “A lot of people look through the window and assume the restaurant is good, and we have the several locations too. But it just isn’t like that anymore.”
Baidwan said there’s no plan to close his three other locations, in Cap Hill, Central Park and off Downing Street near the University of Denver. But that doesn’t mean he hasn’t been making tweaks.
At the original store off Sixth, he started operating 24/7 about eight months ago, something he’s thinking about for his other neighborhood restaurants. He’s also added entertainment, like jazz music and dancing, to help get more customers through the door.
Baidwan himself has also returned to the floor as a server — the first job he had at his parent’s store. But having the owner-operator model is difficult for his sprawling Little India empire since he can only be in so many places at once.
“The closure is about sustainability, to sustain what we have. It’s not surrender,” he said “It’s not that we’ve lost the passion of what we do so well. I mean, who does a vindaloo better than Little India?
“We’re really proud of what we built there, and this isn’t about failure,” he continued. “It’s about the reality that the economics of independent restaurants has changed dramatically.”
Read more from our partner, BusinessDen.
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Denver, CO
How Denver’s Ballpark District now has ties to Chicago’s Wrigleyville
DENVER — A new Rockies season is on deck, with the team’s first game of the 2026 campaign set for Friday night in Miami. The home opener is next Friday at Coors Field.
It’s also a new season for the Ballpark neighborhood’s General Improvement District (GID) and its street ambassadors.
PREVIOUS COVERAGE:
Those ambassadors, dressed in maroon shirts and jackets, patrol the streets around Coors Field and the Ballpark neighborhood. They are tasked with helping with cleaning, maintenance, security, outreach to those experiencing homelessness, and general hospitality for neighbors and visitors.
How Denver’s Ballpark District now has ties to Chicago’s Wrigleyville
This week, Denver7 spoke with Kate McKenna, who stepped in as the GID’s executive director last summer. McKenna said while she works in the office, the district has six full-time ambassador employees through programming partner block by block. She said the team patrols the area year-round, but adds staffing for big events like St. Patrick’s Day and Rockies home games.
McKenna comes to Denver from a similar role in Wrigleyville, the iconic neighborhood outside Wrigley Field in Chicago. She said that serves as a source of inspiration for the future, but adds that Denver’s ballpark neighborhood has its own unique advantages.
“All of our businesses are independently-owned and operated,” McKenna told Denver7. “There is no chain, there is no commercial sort of large entity here in Ballpark that you’re going to see… To have a true small, hyper-local-owned economy is what really sets this district apart, both in Denver and then nationwide.”
Even after the Rockies set a franchise record with 119 losses in 2025, McKenna said the on-field product does not make the District’s job harder.
“I like to think win or lose, they’re the best neighbor you could possibly have, regardless of their season,” McKenna said. “They continually have one of the highest attendance rates for home games, as well as walk-up ticket sales.
McKenna said there continues to be good conversations between the district and local businesses. Property owners pay a fee based on property value that goes into the GID’s annual budget.
“Folks are coming out. Folks are patronizing local businesses. They’re bringing their families down here, and they’re enjoying their time, which is all you can really ask for in terms of community… Bringing people together is at the core of what we’re doing here.”
Denver7 | Your Voice: Get in touch with Ryan Fish
Denver7’s Ryan Fish covers stories that have an impact in all of Colorado’s communities, but specializes in covering artificial intelligence, technology, aviation and space. If you’d like to get in touch with Ryan, fill out the form below to send him an email.
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