The CAR Blog - REALTORS Property Listings Colorado

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The CAR Blog

Knowledge Happens Here

CFPB Proposes Delay of Implementation of TRID to Oct. 1st

Posted on June 18, 2015

Consumer Awareness, General, Government Affairs, NAR, REALTOR® News

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...

Housing Prices Continue to Rise Throughout Colorado

Posted on June 16, 2015

Consumer Awareness, General, REALTOR® News

Inventory Slowly Improving During First Five Months of 2015 Housing values continue to rise throughout the state according to statistics reported today by the Colorado Association of REALTORS®. Highlights of the Association’s May statistical reports include: The median price for a single-family home increased to $310,000, up 13 percent from a year ago and for a condominium or townhouse it rose 16...

Mark Trenka Chosen as 2016 Chair-Elect

Posted on June 9, 2015

General, Local Association, NAR, REALTOR® News

Mark Trenka will be the Chair-elect for the 2015-2016 leadership year after a close run-off with fellow candidate Ann Hayes. "I am extremely proud of both candidates and the high level of professionalism they exhibited during the run off," said David J. Barber, 2015 CAR Chairman. To ensure the voting results were accurate, calculated in a fair manner and followed BOD approved CAR...

Marijuana has Lit up Denver Real Estate

Posted on June 4, 2015

General, Market Trends, REALTORS® in the News

Denver had the second largest increase in annual homes prices with statistics showing this increase at 10%. This major increase on home prices and the lack of inventory are due to the legalization of marijuana in 2012. "The pot industry is creating jobs we didn't have before," said Kelly Moye, a Re/Max real estate agent who has worked in the Denver...

Grace period Announced for TILA-RESPA Requirements

Posted on June 3, 2015

Government Affairs

Consumer Financial Protection Bureau (CFPB) announced that it would be “sensitive” to companies that make a good-faith effort to comply with the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure (TRID) regulation that goes into effect on August 1, 2015. This is a welcome development that can be compared to the effective CFPB implementation of...

Down Payment Program A “Gold Mine”

Posted on May 21, 2015

Business Services, Consumer Awareness, General, REALTOR® News

Featured in Inman News on May 20th, the Down Payment Resource program is capturing the attention of real estate professionals and consumers alike. To see the full article in Inman News, click here. Although 87 percent of homes qualify for down payment assistance, many potential homebuyers have no idea that they may be eligible for programs that could save them thousands...

Realtor.com is looking for great REALTOR bloggers

Posted on May 19, 2015

General

Realtor.com and one of our News Corp sister companies are looking for a number of REALTORS across the country who can contribute to a national feature we are developing jointly that will provide updates on housing conditions in 21 of the top U.S. markets. These markets are Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Houston, Las Vegas, Los Angeles, Miami,...

Higher Tax Assessments Show Improved Markets

Posted on May 18, 2015

Consumer Awareness, General, REALTOR® News, REALTORS® in the News

As Colorado property owners have been receiving their 2015 tax assessments this spring, they can point to a steady increase in the price of homes sold in Colorado over the last several years as the cause for somewhat dramatic increases in their property valuations. Home values throughout the state continued to move upward in April, extending a pattern that began...

Tight Metro Denver Inventory a Problem

Posted on May 12, 2015

Consumer Awareness

Original article posted in Denver Business Journal. See the article by clicking here, or read the highlights in our post below. Tyrone Adams — a few weeks into his appointment as president of the Colorado Association of REALTORS — talked about the challenges facing the residential real estate industry and how he plans to help members deal with those challenges. He also talked about Senate...

Capitol Connection: May 8, 2015

Posted on May 8, 2015