June sales of both single-family homes and condominiums-townhouses were strong throughout the entire State of Colorado compared to the same month in 2014, according to market statistics prepared for the Colorado Association of REALTORS® (CAR) by 10K Research and Marketing, a Minneapolis-based real estate technology company using data provided by all of the Multiple Listing Services (MLS) in Colorado.. Last...
The Consumer Financial Protection Bureau (CFPB) has issued a final rule moving the effective date of the TILA-RESPA Integrated Disclosures (TRID) rule (otherwise known as the Know Before You Owe mortgage disclosure rule) to Oct. 3, 2015. This after CFPB Director Richard Cordrday said that the CFPB would delay the effective date of the TRID rule until Oct. 1.The CFPB has issued...
Project Wildfire is a REALTOR® initiative designed to reduce and/or prevent the destruction of land, property and lives by raising awareness and educating residents throughout our state. We are working in partnership with other like-minded fire prevention organizations across our state to bring education and awareness, as well as access to resources directly to residents in their communities. Colorado REALTORS® continue...
“Number one, cash is king… number two, communicate… number three, buy or bury the competition.” - Jack Welch One of America’s most prominent business executives, Jack Welch, uttered those words in May, 2009 during the depths of our country’s most recent recession. He was discussing business strategies for companies to survive during what was, at the time, a very uncertain economic...
Next week the U.S. House of Representatives is scheduled to vote on H.R. 9 - The Innovation Act of 2015 which will take vital steps to protect the real estate industry from frivolous lawsuits brought by patent trolls. It is critical that you urge your Member of Congress to support this important legislation. Contact your Member of Congress to Stop Patent...
REAL Trends announced the Real Trends America’s Best Real Estate Agents list this past Tuesday, which ranks the most productive agents by state and metropolitan area based on closed transaction sides and closed volume. To be included in the ranking, agents must have closed at least 50 transactions, compared with the industry average of seven, or $20 million in closed...
Criminals Hack Broker Emails to Scam Closing or Earnest Funds In the past two weeks, CTM Software and the Colorado Association of REALTORS® (CAR) has been made aware of several attempts to deceive real-estate agents and title company employees into wiring earnest money and/or closing funds into a fraudulent account. In a small number of cases, these criminals have been successful...
Online licensing management system cuts time and red tape for Colorado’s real estate industry professionals; database provides consumer information on licensees. This information was distributed by the Colorado Division of Real Estate, part of the Department of Regulatory Agencies (DORA). If you have any information on the article below, please contact the Division of Real Estate at 303-894-2424 or by visiting their...
Colorado ranks 8th in the nation among states with the most down payment programs, according to Q2 data released by Down Payment Resource. With 68 programs available, Colorado programs offer closing cost assistance grants, mortgage credit certificates, first mortgage loans, and other programs such as employer assisted housing programs. Down Payment Resource has increased to include three percent more programs; 87%...
On Wednesday, June 17th, the CFPB announced they would propose an amendment to delay the implementation of the TRID (TILA RESPA Integrated Disclosure) from August 1 to October 1st. The Consumer Financial Protection Bureau’s announcement means a two-month delay for the implementation of the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure regulation, also known...