“I will be telling any buyers who come through my office to be looking at a longer-term game. You won’t make $50,000 in appreciation in two years,” Matt Leprino, Colorado Association of REALTORS spokesperson, said. “You might see a lot of people pull the trigger on selling properties primarily income properties,” Leprino said. “You will see a larger influx of...
Tamara Chuang, who covers business and economic issues for the Colorado Sun, recently wrote an article highlighting Colorado's economic and population growth over the past decade. Colorado's population is expected to hit 5,842,076 people in 2020, an increase of 1.5 million people over the past 20 years. Elizabeth Garner, Colorado's state demographer, says that while the state's population has grown...
How is the housing market in your state affecting the local economy? The National Association of REALTORS® recently released a report outlining the total economic impact of real estate related industries on the economy of each state, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage...
The State of Colorado was recently named as one of the Top 20 Forbes OZ Catalysts. This honor, awarded in partnership with Sorenson Impact Center, recognized Colorado as one of the leading organizations using Opportunity Zones to support communities. Applications from Montrose, Pagosa Springs, and Colorado Springs also received recognition for their leadership in the space, and Colorado-based fund Four...
Realtor.com has assembled a list of the 25 housing markets it expects to see the most home sales and price growth in 2020. Colorado Springs comes in at Number Seven where the median home sale price is $312,000. At the top of the list is Boise, ID with a median home sales price of $295,000. “For the last eight years,...
“Boulder County’s home prices are stuck in the snow and the wheels are spinning,” Boulder-area Realtor Kelly Moye stated in a Colorado Association of Realtors news release. “It’s like someone just held it in time and nothing changed. I think it’s a trend we are going to see continue, too.” “Wages aren’t keeping up with home prices in Boulder, so...
WASHINGTON (December 11, 2019) – The National Association of Realtors® identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are: Charleston, South CarolinaCharlotte, North CarolinaColorado Springs, ColoradoColumbus, OhioDallas-Fort Worth, TexasFort Collins, ColoradoLas Vegas, NevadaOgden, UtahRaleigh-Durham-Chapel Hill, North CarolinaTampa-St. Petersburg, Florida “Some markets are clearly positioned for exceptional longer-term performance due to their relative...
Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Dec. 11, 2019 – With a 30 percent dip in new listings statewide between October and November, the low inventory story continues to drive nearly every market across the state, according to the latest monthly market data from the Colorado Association of REALTORS® (CAR). The months’ supply of inventory for both single-family...
The Colorado Association of REALTORS® (CAR), the state's largest real estate trade association representing more than 26,500 members statewide, recently honored four Colorado elected officials with its prestigious Legislator of the Year Award recognizing their positive impact on the state’s real estate industry, protection of consumers, and consideration of Colorado’s natural resources in the 2019 legislative session. “A REALTOR® Champion...
Colorado REALTOR Matthew Leprino recently spoke with the Colorado Sun regarding the state's continued growth and its effects on housing costs. He said there's still not enough housing for everyone moving to Colorado, which continues to cause prices to rise. “Boulder just got so expensive, especially due to the limit-growth initiatives that they have there. But now Broomfield is seeing...