In a significant win for Colorado REALTORS®, CAR’s four-year effort to allow for remote notarization has almost come to an end. On Monday, the House of Representatives unanimously passed Senate Bill 96 that would allow notaries to offer remote notarization on a permanent basis. Although it was already passed unanimously by the State Senate on March 11, modifications were made...
Government Affairs Update CAR Advocates for Colorado REALTORS® The legislative session is back on and rolling quickly with fast moving Covid-19 relief packages coming to the table for discussion. We expect the pace to continue at a high speed as our state legislators even plan to work over the weekend. Over the past week, CAR's Government Affairs...
We want to thank all the candidates who raised their hand and stepped out of their comfort zone to be a candidate for 2020-2021 CAR leadership positions. For those of you who were not elected you are still a valued leader and member of the association. We strongly encourage and hope you to stay involved in CAR. The following are...
The Colorado Association of REALTORS® does not condone violence or destruction of any kind. However, we absolutely stand peacefully, hand-in-hand with all those who seek and deserve respect, fairness, and the right to equality that America has promised for centuries and that, even now, has not been delivered to all citizens. We are an organization whose members and clients we serve...
It is with great sadness that I the share news of Gary Bauer’s passing on Tuesday, June 2, 2020. As most of you know, Gary diligently served our profession in countless roles through the Jefferson County Association of REALTORS® and then Denver Metro Association of REALTORS®. In addition, Gary was a key figure at the state and national level in many capacities,...
The COVID-19 pandemic may be hitting the economy hard, bringing the highest national unemployment rate since the Great Depression, but median home prices defied the odds and jumped 3.1% year over year last week, according to realtor.com® housing data for the week ending May 23. That’s double the 1.5% annual increase for the previous week. The National Association of REALTORS® recently...
Borrowing costs fell this week, with the 30-year fixed-rate mortgage setting a new record low for the third time in the last few months. The 30-year fixed-rate mortgage averaged 3.15% this week, the lowest average in Freddie Mac’s records dating back nearly 50 years. “These unprecedented rates have certainly made an impact, as purchase demand rebounded from a 35% year-over-year decline...
Why do people decide to stay or leave a community? A new joint survey from the Urban Institute and the Knight Foundation seeks to find the true motivations behind Americans’ choices for places to live. The survey of more than 11,000 consumers was conducted before the COVID-19 pandemic. Here are a few highlights from their findings: Quality of life matters in people’s decisions...
The Latest from NAR Houses Passes Paycheck Protection Program Flexibility Act Earlier this week, the U.S. House of Representatives passed the "Paycheck Protection Program Flexibility Act," which makes several amendments to the CARES Act to make PPP loans more helpful to small businesses by increasing flexibility. The changes include: Extending the program sunset to December 31, 2020; Extending the length of time businesses...
Last week, the Colorado Association of REALTORS® Foundation donated $125,000 to three Colorado non-profit organizations to help those Coloradans in need of housing assistance as a result of the COVID-19 pandemic. "We just knew that there were people needing assistance, and we wanted to get this done in a timely manner,” said Chris Djorup, Denver-area REALTOR® and Foundation Chair. “The...