Many Coloradans feel pain from a sharp rise in property tax assessments. Homeowners are freaking out!” said CAR Spokesperson Kelly Moye. “Our phones have been ringing off the hook.” The assessed value is taking the market value from January 2021 through June 2022. “They think that what the assessment says is not what it is worth today, and that is accurate,” said Moye....
Interest rates and market uncertainty push start of selling season back more than a month https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – In what would typically be a rush of new listings hitting the market in April for the start of the home buying and selling season, consumers on both sides of the transaction seem content to watch and wait, reluctant to make a move...
Denver metro construction is slowing from its highs in 2021, according to a new report by real estate brokerage Point2Homes. The brokerage analyzed the number of home building permits issued in 2021 and 2020 in metro areas and states. The Denver metro area is seeing some of the steepest year-over-year declines in permitting in the nation. In contrast, the report also shares...
CAR’s Diversity & Inclusion Committee believes it is REALTORS’® collective responsibility to break down systemic racism while simultaneously building a more equitable community among our REALTOR® associations and for our clients. The toolkit linked below contains best practices, ideals, and framework to create a robust Diversity & Inclusion program within your Association or Brokerage. Content includes: Benefits for brokerages, associations, and single-owner agents Forming...
In the Pikes Peak region, home sales fell in March on a year-over-year basis, continuing a downward trend that began in the second half of last year. And yet, sales and prices in March were up from February and at their highest levels in five months. Also, the pace of home construction —measured by permit activity — jumped in March...
A new housing report by the National Association of REALTORS® reveals middle-income homeowners accumulated $122,100 in wealth as their homes appreciated by 68% in the last 10 years. The report, Wealth Gains by Income and Racial/Ethnic Group, speaks to the value REALTORS® bring to consumers when helping buy and sell homes that build generational wealth. While not everyone has the same opportunities for homeownership,...
Colorado ranks fourth in the nation for states with the highest average down payment for first-time buyers, according to a new report from Moneywise. Moneywise ranked all 50 states based on median home price on Zillow and an average down payment of 13%, according to the National Association of REALTORS®. "Affordability is certainly an issue for first-time buyers, there's no question about that,"...
Colorado Springs REALTOR® Ashlee Nath has been named as one of this year's National Association of REALTORS® 30 Under 30. The character of the 2023 class of 30 Under 30 can be summed up in two words: bold entrepreneurs. Some members of this year’s class have taken great leaps to make it in the industry. They are relationship builders, barrier breakers,...
According to a report released by Redfin, between the first quarter of 2021 and the fourth quarter of 2022, about 15% of the number of homes sold in the Denver metro were to investors – about one in every seven homes. Through 2021 and 2022, investors bought a total of $9.5 billion in Denver area housing. Investors typically bought homes for...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – March housing numbers for the seven-county Denver metro area and statewide may look scary at first glance however, they may also be some of the most normal statistics and market conditions seen since the beginning of the pandemic, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR). “Median sales prices...