Legislative Advocacy this Week at the State Capitol Wildfire Legislation At the Capitol There are a plethora of wildfire bills at the Capitol this year, whether it's matching local grants, changing insurance coverage after disasters, helping to cover homeowner mitigation costs to create defensible space, or creating healthier forests, or even looking at how camera's can help us see wildfires coming. CAR...
Out of 300 nationwide applicants, four Colorado REALTORS® have been announced as finalists for the 30 Under 30 class of 2022 from REALTOR® Magazine. Beginning March 11 at 9 am MT, members can read more about these real estate industry professionals who “took bold steps to grow both their professional careers and their personal lives.” Through volunteerism, education, philanthropy, and empowerment, these REALTORS® have worked...
Vail REALTOR® Mark Gordon with Christiania Realty was selected to be one of two candidates running for First Vice President of the Residential Real Estate Council (RRC/CRS). Voting is open to any RRC/CRS member and will be conducted electronically. All members will receive an email ballot on May 2, 2022. For more information about Mark’s campaign visit his Facebook page:...
Louisville residents and victims of the Marshall Fire protested the 2021 International Energy Conservation Code that would mandate rebuilding their homes with electric vehicle charging ports, higher insulation standards, and requirements to be “electric and solar ready.” Average cost estimates for a net-zero home rebuild could cost consumers anywhere from $20,000-$77,000 extra. The council is hoping its residents may still want to rebuild using the 2021...
Legislative Advocacy this Week at the State Capitol Updates on State Legislation This week at the Capitol several bills continue to work their way through the legislative process: Senate Bill 22-099 Sealing Criminal Records was amended on February 24th in the Senate Judiciary Committee in several ways to make the bill work better for law enforcement and legal professionals that directly deal with...
Prospective homebuyers who keep losing out on homes because of a lack of a cash offer could have a new option. The concept is called shared appreciation, where some companies are offering to put a cash offer in for a homebuyer if they cannot, and then get paid back later. The company will typically place the cash offer for the buyer after signing the...
While more than 65% of Americans owned a home in 2021—the highest amount ever—the black community’s rate of homeownership was only 43% nationally, down 1% from last year. This and other data were covered in NAR’s latest Snapshot of Race and Home Buying in America Report. “As the gap in homeownership rates for Black and White Americans has widened, it is important to understand the...
Although the cost of a single-family home in El Paso County has almost doubled since 2016, according to the January CAR Market Trends report, the state demographer Elizabeth Garner says we lost some of Colorado’s population in 2020. Garner says to look at building more homes. “How do we bring in more housing at that affordable level? And it is not just affordable, it's like...
Legislative Advocacy this Week at the State Capitol CAR is Working to Improve State Legislation HB22-1007: Assistance Landowner Mitigation. The Colorado Association of REALTORS (CAR) is now in SUPPORT position after we received specific amendments to make the bill better by continuing the wildfire tax credit for individual landowners as an important part of the multi-pronged solution to address wildfire mitigation...
The Wildfire Matters Review Committee brought three House Bills to the house. HB 1007 ends a tax deduction for property owners that offsets wildfire mitigation expenses. The deduction is replaced with an income tax credit beginning in 2023, which would be available to landowners with a taxable annual income of less than $120,000. Elizabeth Peetz, Vice President of CAR’s Government Affairs, stated the cap “removes the...