The CAR Blog
Knowledge Happens Here
Posted on
January 25, 2018
The passing of the construction-defect bill was a big win for Colorado and the housing market. A big win indeed, but challenges still remain. Some of these challenges include high insurance premiums from the previous years of lawsuits related with condominium builds.
These continued challenges have large builders still weary to begin projects in the state. This leaves small local builders...
Posted on
January 25, 2018
DENVER – Nancy Todd, Senator for Aurora in Senate District 28, was awarded the 2017 Legislator of the Year Award by the Colorado Association of REALTORS®. Rep. Todd is one of the first recipients of the award, given to a Colorado legislator who has put considerable effort into legislative efforts that support the American dream of homeownership.
Nancy Todd was a...
Posted on
January 23, 2018
Lack of inventory. It's a trending topic in real estate that we can't seem to get away from. As we begin the year of 2018 we look back on the year of 2017 to predict and anticipate the real estate market for the upcoming year. Everyone is wondering what the lack of inventory that plagued the Colorado real estate market in...
Posted on
January 22, 2018
The Second Regular Session of the 71st General Assembly Kicks Off in 2018!
The first gavel of the second session of the 71st General Assembly came down on Wednesday, January 10th. The session is already off to a quick start with 179 bills introduced in the first week. We expect this to be a busy year for property rights and housing...
Posted on
January 19, 2018
As the housing market continues to climb so do the prices. Longmont and Boulder are witnessing this rise in the market and with it the median sales price. Kelly Moye a Colorado Spokesperson had this to say about 2017, "It was an unbelievable year,". Indeed it was. For single-family homes the median sales price increased 11% in Longmont and 1.2%...
Posted on
January 17, 2018
A look at Denver's 2018 housing market
Article from ColoradoBiz By Matthew Leprino, CAR Spokesperson
We have reached cruising altitude. You are free to use your portable electronic devices, or … so we thought. As 2018 succeeds a year of upward evolution for Denver’s real estate market, we must be cautious before removing the fasten seat belt sign and watch for items that...
Posted on
January 11, 2018
Median sales prices rise 10 percent in back-to-back years lack of inventory a consistent theme statewide
ENGLEWOOD, Colo. – Jan. 11, 2018 – From the Denver metro area’s urban core and suburbs, to smaller communities across the state, Colorado’s housing market experienced back-to-back years of 10 percent bumps in the median sales price of a single-family home as record low inventory...
Posted on
December 22, 2017
Capital gains exclusion
In a huge win for current and prospective homeowners, current law is left in place on the capital gains exclusion of $250,000 for an individual and $500,000 for married couples on the sale of a home. Both the House and the Senate had sought to make it much harder to qualify for the exclusion.
Mortgage interest deduction
The maximum mortgage...
Posted on
December 22, 2017
The National Association of REALTORS strives to influence and shape the real estate industry. So it should be no surprise they put full force into the recent two public policy changes sweeping through Washington, D.C. NAR worked tirelessly on tax reform and net neutrality, two policy changes that could have powerful impacts on the real estate world.
In regards to Tax...
Posted on
December 21, 2017
How will the metro area's market respond to the impending tax reform?
Article from ColoradoBiz By Matthew Leprino, CAR Spokesperson
When we refer to predicting what’s next for the market as having a “pulse” on it, we are referring to it being a living, breathing thing – a stubborn little creature inhaling and exhaling with seasonal aptitude and behaving in a way...
