The CAR Blog
Knowledge Happens Here
Posted on
February 7, 2022
Families renting homes, apartments, and hotel rooms because they
lost their housing in the Marshall fire are struggling to make rent payments. Because
some renters are still waiting to hear if property owners will pay to clean
smoke and ash residue from their apartments, they are living in limbo, with
remediation priced at thousands of dollars. During this challenging time, the
Colorado Association of REALTORS®...
Posted on
February 2, 2022
New Coloradoans and the state’s stay-at-home orders during
the pandemic have combined to form an unprecedented amount of growth in home
values and scarcity in 2021, according to CAR’s 2021 Year-End Market Trends
Report. The overall median single-family home price across Colorado went up 32%
between 2019 and 2021. “In 2019, we were starting to see a plateau in the real
estate market with appreciation...
Posted on
February 2, 2022
The National Association of REALTORS® is accepting applications for the 2022 Good Neighbor Awards. This award recognizes REALTORS® for their extraordinary impact in their communities through volunteer service. Colorado’s own Bob Bell and his nonprofit Food for Thought was awarded $10,000 in 2021 for feeding more than 10,000 students lunch each week. He and others have made an extraordinary impact in...
Posted on
February 2, 2022
Colorado lawmakers aim to help address the state’s affordable housing crisis by proposing $4 million in loans to buyers and local nonprofits and governments to assist in attaining and building affordable housing. The dollars come from the American Rescue Plan Act and Colorado's Affordable Housing Transformative Task Force and Subpanel. “There will be opportunities for CAR and other stakeholders to...
Posted on
January 31, 2022
For homeowners affected by the Marshall fire, the time
between the disaster and receiving much-needed federal and insurance dollars is
uncertain. “it’s the hardest, darkest period that these victims have to walk
through,” said CAR Foundation Executive Director Amy McDermott. “Our hope is
that this funding can bridge that gap.” The Foundation has received over $2
million to give to homeowners during this time, and...
Posted on
January 30, 2022
Recent home listings in the Marshall Fire Burn areas are still selling over the asking price in a short time. There were 17 homes under contract that sold within two days of being on the market. The language in the listings reads differently than it did two months ago.
“Instead of the remarks saying, ‘Great house, open space, and views,...
Posted on
January 29, 2022
The Colorado Association of REALTORS® announced their participation in the Coloradans for Energy Access, which is a coalition to support the use of affordable, cleaner-burning natural gas in homes and businesses. Colorado is considering prohibiting consumers from using natural gas use and opting for electricity, which is considered environmentally friendly.
CAR CEO Tyrone Adams joins other business leaders in advocating...
Posted on
January 28, 2022
Legislative Advocacy this Week at the State Capitol
The Affordable Housing Transformative Interim Taskforce Releases Its Report
This week, the Affordable Housing Transformative Task Force that worked through the summer released their final report to the General Assembly.These recommendations will be the beginning of an advocacy and legislative process to determine how we spend the remaining federal ARPA (American Rescue Plan Act) housing dollars...
Posted on
January 26, 2022
Despite the historic jump in prices seen in 2021, the dizzying pace at which homes are selling for over the asking price with multiple offers in a short time frame could lessen if the interest rates go up.
“An uptick is probably good for the market to quell rampant appreciation," said CAR spokesperson Chris Hardy. "But for some folks it...
Posted on
January 21, 2022
Legislative Advocacy this Week at the State Capitol
CAR Legislative Policy Committee Takes First Policy Positions
HB22-1051- Support-This legislation extends CHFA's income-tax credit program from December 2024 to December 2034. It will also increase the annual cap from $10 million to $15 million beginning in 2023 until the 2034 expiration of the program.
Between 2015 - 2021, the state Affordable Housing Tax...
