HB12-1307 attempts to address issues created by the Colorado Supreme Court decision in Sender v. Cygan. In Sender, the Court held that the absence of a legal description rendered a deed defective, or invalid, upon its recording. This legislation clarifies that a failure to include a legal description on a document does not, in and of itself, necessarily render that...
County assessors will send hundreds of thousands of property-valuation notices out in coming days, and the flat or declining values that many will show could surprise some homeowners. Property valuations are made per state law every two years, and the latest assessments will be used in the formula that determines property taxes due in 2014 and 2015. Read the Denver Post...
Sales of single-family, condominium and town homes (taken together) increased 16 percent statewide to 18,343 units during the first quarter 2013 compared to first quarter 2012, according to Quarterly Market Statistical Reports released by the Colorado Association of REALTORS® (CAR). Download the PDF Here. New listings dropped slightly more than 7 percent statewide, primarily due to drops in the Denver Metro...
The 1968 Fair Housing Act prohibited housing discrimination on the basis of race, color, national origin, religion, sex, familial status, or handicap. Every April, REALTORS® celebrate Fair Housing Month to reaffirm their continuing commitment to fair and equitable treatment and a professional level of service for all in their search for real property. Read more from Housing and Urban Development...
CAR Moves to Support Development Permit Approval Process Bill SB13-258, Concerning Stages in Development Permit Approval Process, by Senator Mary Hodge (D-Brighton) and Representative Dominick Moreno (D-Commerce City) was reviewed by LPC again this week. Under current law, a local government may not approve an application for a development permit unless it determines that the applicant has satisfactorily demonstrated that the proposed...
CAR Neutral on Bill Regarding Permit Process SB13-258, Concerning Stages in Development Permit Approval Process, by Senator Mary Hodge (D-Brighton) and Representative Dominick Moreno (D-Commerce City) was reviewed by LPC last week in Vail. Under current law, a local government may not approve an application for a development permit unless it determines that the applicant has satisfactorily demonstrated that the proposed water...
As the housing market continues to rebound and existing inventory becomes scarcer; new permit activity for new builds continues to grow. Posted Monday, March 25, 2013 by the Colorado Division of Housing. Multifam permits vs. singlefam permits: Multifam at 30-year high The amount of new permit activity that is devoted to multifamily permits reached a 30-year high during 2012. The first graph shows...
Dear Editor, As advocates of safe and affordable housing for all Coloradoans, the Colorado Association of REALTORS® (CAR) and our members understand and agree that methamphetamine contaminated homes can pose serious health risks to occupants and homeowners, and should be tested and remediated to ensure all future homeowners and their families are safe. CAR works tirelessly to protect a buyer’s right...
SB13-212, Concerning Energy District Private Financing Commercial (C-PACE), by Senator Matt Jones (D-Louisville) and Representative Max Tyler (D-Lakewood), was discussed in LPC last week. Under Property-Assessed Clean Energy (PACE) financing programs, local governments or financing districts sell bonds to investors, then loan the proceeds to property owners to cover the cost of renewable energy or energy efficiency improvements. The loans are...
States that were the hardest hit by foreclosures and have the highest number of underwater home owners are now leading the nation in refinancing as more borrowers look to decrease their monthly mortgage payments. Following the government’s expansion last year of its refinancing programs, more underwater home owners are now able to take advantage and are unlocking savings to their monthly...