A recent Home Affordability report from Common Sense Institute showed that the affordability of purchasing a home in Colorado is at its lowest point since 1989. “Due in large part to the cost of housing, Colorado is an increasingly expensive place to live,” said Dr. Steven Byers, CSI Senior Economist. “With increased prices and rising interest rates, the affordability of purchasing...
The number of homeowners who challenged their property tax assessments in 2022 was cut in half when compared to those in who challenged their assessments in 2017, according to a recent investigation. Some assessors in metro area counties believe the data from Zillow and Redfin are helping to show homeowners the rise in home values, resulting in the acceptance of...
Today, a great public servant will lay in state in Colorado. Representative Hugh McKean was a hard worker who always brought common sense and logic to a building and conversations that can be very challenging at times. Foremost in his mind were his constituents and the people of Colorado. As a minority leader of the Republican House caucus, he faced internal adversity...
Congratulations to CAR members who have been selected to serve on NAR Committees and Board for 2022/2023. Please see below a list of Colorado REALTORS® and association staff listed in alphabetical order by last name. Milford D Adams: Fair Housing Policy Committee Tyrone Adams: AEC Recommendations and Recognition Advisory Board Brian E Anzur: Board of Directors Large Association Representative, Insurance Committee Windy Bailey: Fair...
Sellers, still looking to cash in, face a more patient buyer pool https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Rising interest rates and inflation are helping to magnify what is typically a fall season slowdown, according to the October 2022 Market Trends Housing Report from the Colorado Association of REALTORS®. New listings for metro-Denver single-family homes fell just over 25% from September to October and are...
Although home loan interest rates have increased, the real estate market allows prospective home buyers and sellers to take more time with housing choices. The interest point hikes are significant, Moye said. A couple who could afford a $700,000 house could now only afford $580,000. There have been a number of rate increases from May 2022 to September 2022 totaling...
September Market Trends statewide showed that sales for single-family homes decreased by 24.89% in September compared to September 2021. The number of listings that sold last month decreased by 24.69% year over year. “The best news is that we are seeing the market start to balance in all price ranges,” according to CAR Spokesperson Sunny Banka who works in the...
Liz Peetz, CAR’s Vice President of Government Affairs, was interviewed on the Rocky Mountain Mechanical Contractors Association (RMMCA)’s podcast Tradeswork in November. She spoke about attainable housing, workforce housing, and how the housing market is an economic indicator for builders. “The cost of regulatory compliance is rising. It is taking two years to get a permit approved,” said Peetz. She said...
ENGLEWOOD, CO - The Colorado Association of REALTORS® (CAR) installed Natalie Davis as President of the Colorado Association of REALTORS® at its annual convention in Snowmass, CO, a role she will assume from Dec. 1, 2022, through Nov. 30, 2023. “Natalie Davis is an inspiration to REALTORS® everywhere. Her experience as a real estate leader and teacher will help our association...
Englewood, CO – The Colorado Association of REALTORS® (CAR) presented Milford Adams and Keller Williams Colorado West Realty with awards dedicated to Diversity and Inclusion practices in the real estate industry. The awards were presented at CAR’s annual inaugural dinner in Snowmass, Colorado. “These individuals and companies are working hard to make inclusive practices an all-encompassing approach to employee training and...