The CAR Blog
Knowledge Happens Here
The
Colorado Association of REALTORS® is still offering grants to individuals who
were affected by the fires in the Boulder/Superior area last January. Those who
need to pay their mortgage or rent are encouraged to apply through April 8 (or
until the fund is depleted). More than 466 applications have come into the CAR
Foundation offices and %563,831 has been disbursed. “With the contributions
from our...
REALTORS® across the state report the tides are turning in Colorado’s hot housing market, however, the prices are not, according to CAR’s April Market Trends report. In April, the statewide average home sales were $747,226 for a single-family home and $578,237 for a townhome or condo.
Summit County data showed that 81% of homes in the county were priced at over...
Denver ranks second in the nation for the number of homes sold for over the asking price at 70%. The San Francisco Bay area was tops at 82%. In March 2021, the Denver statistic was 66%, and in March 2020, the number of homes that sold over the list price was 59%. “I wouldn’t speculate that every house went above...
CAR's April Market Trends Report shows that interest rates are curbing the number of offers on homes. However, prices are staying about the same, and now the state and metro area median home prices are almost the same. Statewide, the median price is $600,000, versus $660,000 in the seven-county metro area.
According to CAR Spokesperson Sunny Banka of Aurora, "We are...
Legislative Advocacy this Week at the State Capitol
Latest News on Green Energy Legislation
HB 1362: Building Greenhouse Gas Emissions: (LPC Position: Amend)
Sponsored by Reps. Tracey Bernett, Alex Valdez, and Sens. Chris Hansen, & Faith Winter
STATUS: sent to Governor Polis
Summary and Background:
The original bill granted the Colorado Energy Office rulemaking authority to create statewide green building codes for electrification and solar capacity,...
Some potential homebuyers are considering waiting to purchase a home or continue to rent in case of a housing bubble burst. Homes that were going for 20% over list price in February are now selling for 5-8% percent more, according to CAR’s April Market Trends Report. “One thing that has to be in place in order for a bubble to...
Despite challenges, REALTORS® across the state share signs of hope for more balance in the near future
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – Rising interest rates and seasonal growth in inventory have
given some potential homebuyers a little larger window of opportunity while
others have decided to take a step back from the homebuying search as their
dollars just don’t go as far, according to the April...
Fort Collins REALTOR® Chris McElroy has been announced as one of NAR’s newest Distinguished Service Award recipients, the highest honor bestowed on a NAR member outside of presidency. In 1994, McElroy served as president of CAR, and in 2000, he was named Colorado REALTOR® of the Year. His track record as a leader goes back more than 40 years.
Chris...
CAR’s March Market Trends showed that Fort Collins has a huge number of possible homeowners who are offering tens of thousands of dollars over the asking price. CAR spokesperson Chris Hardy says that the multiple offers and large amounts of money that are coming from competing buyers are "just to have a shot at catching the seller's eye and having...
Congratulations to firms that had at least 75% participation
rate, and in some cases 100% completion rate, for NAR’s Fairhaven Challenge
during Fair Housing month! These single-, small-, and medium brokerages put
their fair housing law knowledge to the test by completing the online
simulation.
These companies will earn some sweet Fair Housing merchandise.
CAR’s Diversity and Inclusion Committee congratulates the
following Firms
Medium-Size Firms With 100%...
