The CAR Blog - REALTORS Property Listings Colorado
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The CAR Blog

Knowledge Happens Here
Fair Housing Month celebration with diverse people.

These REALTORS® Completed all Four CAR Fair Housing Month Events and Look What They Won!

CAR’s Diversity & Inclusion Committee would like to celebrate its Fair Housing Champions for completing ALL FOUR EVENTS in Fair Housing Month 2022. Congratulations! Adam Priestley, Aline Pitney, Amanda Edmondson, Brenda Hindmarsh, Brian Kinkade, Brittany Harrison, Carolyn Witt, Cathryn Stano, Cecilia Montalvo, Daniel Preshaw, Debora Miller, Derek Camunez, Donald Potter, Elizabeth Blevins, Hilary Priestley, Jason Witt, Jenelle Meyer, Jennifer Sanchez, Kay Watson,...

Scam alert sign in scenic landscape.

Fraud Alert – Vacant Land Scam

Land Title Association of Colorado and the Colorado Association of REALTORS® have become aware of a new fraudulent scam that has quickly become more prevalent in the last month.  In most instances it includes VACANT LAND.   A fraudster locates a property and impersonates the owner of the property.  They list the property for sale (typically as a “FSBO”) on...

Smiling person in formal attire portrait.

CAR Remembers Past President Janet Scavo

Our REALTOR® family has suffered a great loss with the passing of Janet Scavo on April 28, 2022. She was a ground-breaking leader in the real estate industry and association. She served as CAR’s first woman President in 1984 and was Colorado’s first delegate to receive NAR’s Distinguished Service Award, which is the ultimate recognition for the dedicated REALTOR® who has always set themselves apart...

Rising graph with miniature houses on top.

Interest Rates Are Slowing Down the Market

Mortgage rates are over 5%, and the federal interest rate hikes are doing what they were intended to do, according to CAR Spokesperson Kelley Moye. “Interest rate increases are slowing everything down.” She says that double-digit price hikes are a thing of the past: “We won’t see another 20% price increase like we did last year. We’re seeing fewer showings on the weekend, we’re seeing...

Capitol Connection Banner

Capitol Connection – April 26, 2022

Legislative Advocacy this Week at the State Capitol Breaking news on HB-1287 Mobile Home Park Legislation (Rent Control) Late last Friday evening, the state House, during their second reading on the House Floor, an amendment was added to the bill that removed rent control from the legislation. CAR, in earlier committee testimony submitted to the legislature, advocated removing this section. The amendment improves the legislation by removing...

FORT COLLINS, CO, USA - MAY 20, 2016: Aerial view of typical residential neighborhood along Front Range of Rocky Mountains in Colorado in springtime

ADU’s In Practice & Purpose

Both property owners and renters are beginning to see the benefits of Accessory Dwelling Units (ADU’s) in Denver. The cost to build the units depends on whether they are renovated from a stand-along garage or built from the ground up and is anywhere from $110,000-$250,000. Property owners receive anywhere from $1,500-$2,000 per month in rent and appreciate the convenience of being able to make quick...

Suburban neighborhood with colorful autumn trees.

A Tale of Two Home Markets: Rural Resort and Suburbs

Resort community home prices are experiencing record highs while some suburban markets have seen the likes of huge price increases before. In Durango in La Plata County, the average sales price of a home was $1.1 million in March. Townhomes and condos sold for an average of $531,000. “The general consensus from locals is that Durango is morphing into a true resort town, and the...

House with sold sign in front yard.

REALTORS® Give Homeowners Tips for Buying in a Wild Market

Since Denver homes were only on the market for about eight days in March, which was down from 16 homes the year before, CAR Spokesperson Kelly Moye offered tips to those trying to buy a home. Finding an experienced REALTOR® was her first piece of advice; followed by making earnest money nonrefundable; spending 20% over the asking price and allowing for that amount in the...

Wooden houses, coins, and keys on table.

REALTORS® Foresee New Trend for Colorado Home Prices

There could be the very beginnings of a trend moving to a more sustainable market. “The number of showings we’re seeing on our listings is down,” CAR Spokesperson Kelley Moye said. “So, where we would see maybe 30 showings on a weekend, now we see 12 or 15. Instead of 10 offers, we may see four or five.” She says that because of changing interest...