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There are always a million things to do over Labor Day weekend, which is good for anyone that wants to get outside, soak up the sun and enjoy the long weekend. If you’re feeling indecisive about what to check out, then peep our list of some of the best events, concerts and more activities to get into. We promise you won’t be bored.
Andy Frasco & The U.N. | Image by Nikki A. Rae
You can’t beat a show during Labor Day weekend, especially considering how many there are to choose from! Looking for some EDM or folk? Check out REZZ, The Chainsmokers or Gregory Alan Isakov at Red Rocks. In the mood for some noodling? Phish is holding it down for four days straight at Dick’s Sporting Goods Park. On top of all that, there’s also Escape The Fate, Electric Callboy, PhaseOne, Rising Appalachia, Gojira & Mastodon, and so many more!
Wanting to escape the city and enjoy the great outdoors, maybe somewhere with a lake, some s’mores and good company? Then it’s time to grab the tent and pack the car! Mother nature is a-callin’ and it’s time to heed her word. Just don’t forget your sunblock. Here’s where to get your camp on.
Image Via Facebook/ Labor Day Lift Off
This year is the 47th anniversary of the Colorado Springs Labor Day Lift Off! You’ll have to set your alarms a bit early, but trust us, it’s worth it. There will be three full days of balloons, games, skydivers, music, food and so much more. It all kicks off Saturday, September 2nd at 5:45 a.m. with the Drone Shoe before the Opening Ceremony at 6:30 a.m.
Image Via Facebook/Colorado State Fair
1001 Beulah Ave. – Pueblo
Even though the state fair technically starts on the 25th of August, it runs all week long and through Labor Day. There’ll be monster truck rallies, carnival rides, food, free attractions, amazing concerts and so much more. The state fair is always a good time, so come find out why!
There are trails crisscrossing all over Colorado, so it can be hard to narrow down exactly where to hike. That’s no problem though because we’ve put together the ultimate list of the best hiking spots around! No need to thank us, just make sure to turn off those phones, and truly dive into nature.
Image Via Facebook/ RiNo Art District
Labor Day Weekend falls on the first Friday of September, so that means art and jazz galore! You already know that art walks like the First Friday Art Walk at Dairy Block and the First Friday Art Walk in Santa Fe Arts District will be popping. If you want some more art, the Museo de las Americas will be free to attend that Friday as well.
Summer coming to an end sadly means the end of our favorite seasonal markets. Luckily, there will be plenty of markets to attend over the weekend so you can make sure to get one last trip in. If you’re looking to stock up on fresh produce, you can find farmers markets in Boulder, Cherry Creek, Highlands Square, and University Hills, to name a few. Check out our full list of markets here.
You’ve probably heard a lot about inflation over the past year or two – and you’ve likely felt it whenever you’ve gone to buy just about anything. That’s because high inflation means prices have been going up quickly.
The Fed has stated its goal is to get the rate of inflation back down to 2%. Right now, it’s still higher than that, but moving in the right direction (see graph below):
The Fed is also watching how many new jobs are created each month. They want to see job growth slow down consistently before taking any action on the Federal Funds Rate. If fewer jobs are created, it means the economy is still strong but cooling a bit – which is their goal. That appears to be exactly what’s happening now. Inman says:
“. . . the Bureau of Labor Statistics reported that employers added fewer jobs in April and May than previously thought and that hiring by private companies was sluggish in June.”
So, while employers are still adding jobs, they’re not adding as many as before. That’s an indicator the economy is slowing down after being overheated for quite some time. This is an encouraging trend for the Fed to see.
The unemployment rate is the percentage of people who want to work but can’t find jobs. So, a low rate means a lot of Americans are employed. That’s a good thing for many people.
But it can also lead to higher inflation because more people working means more spending – which drives up prices. Right now, the unemployment rate is low, but it’s been rising slowly over the past few months (see graph below):
It may seem harsh, but a consistently rising unemployment rate is something the Fed needs to see before deciding to cut the Federal Funds Rate. That’s because a higher unemployment rate would mean reduced spending, and that would help get inflation back under control.
While mortgage rates are going to continue to be volatile in the days and months ahead, these are signs the economy is headed in the direction the Fed wants to see. But even with that, it’s unlikely they’ll cut the Federal Funds Rate when they meet next week. Jerome Powell, Chair of the Federal Reserve, recently said:
“We want to be more confident that inflation is moving sustainably down toward 2% before we start the process of reducing or loosening policy.”
Basically, we’re seeing the first signs now, but they need more data and more time to feel confident that this is a consistent trend. Assuming that direction continues, according to the CME FedWatch Tool, experts say there’s a projected 96.1% chance the Fed will lower the Federal Funds Rate at their September meeting.
Remember, the Fed doesn’t directly set mortgage rates. It’s just that whenever they decide to cut the Federal Funds Rate, mortgage rates should respond.
Of course, the timing of when the Fed takes action could change because of new economic reports, world events, and other factors. That’s why it’s usually not a good idea to try to time the market.
Recent economic data may signal that hope is on the horizon for mortgage rates. Count on a local real estate agent you can trust to keep you up to date on the latest trends and what they mean for you.
Denver has issued more than $80,000 in fines to unlicensed landlords since the ordinance went into effect last year.
DENVER — More than 1,200 Denver landlords remain out of compliance with a city ordinance that requires landlords receive a residential rental license.
The license requires landlords to receive, and pass, a third-party inspection, ensuring rental units are safe and up to code. The change went into effect last year for multi-unit properties and on Jan. 1 for single unit family homes.
“We want to see them complete the process, get the license, and demonstrate to their tenants that they have a place they’re renting out, that is safe,” said Eric Escudero, with Denver Excise and Licenses.
Escudero said landlords who are found out of compliance are issued a warning first, then a $150 fine, followed by a $500 fine and then a $999 fine.
Nearly 23,000 licenses have been issued, but 14 landlords have received the $999 fine without following through with a license.
“The good news is there’s a lot of responsible landlords,” Escudero said. “But unfortunately, we’ve also found some that have refused to get the license, and it’s resulted in the city issuing just about $80,000 in fines to unlicensed landlords.”
Denver City Council member Stacie Gilmore created the legislation and said while it’s encouraging to see most landlords in compliance, the outliers are concerning.
“We need to figure out a better process to address that, so it might be a show-cause hearing or other tools we may have in the city to levy additional fines,” she said. “I want to create more teeth to make sure those property managers or owners are responsible for truly investing in the safety to protect our renters.”
Gilmore said she’s having conversations with multiple departments about how to increase compliance and that it’s critical every property in Denver receives the proper inspection for renter safety.
“Nobody gets a pass anymore,” she said. “If they think they’re going to rent something under the table, the protection and safety of our residents is way too important for that.”
City leaders are asking tenants to check whether their landlord is licensed and to report them if they’re not.
You can check that here.