Legislative Advocacy this Week at the State Capitol Welcome to the Second Regular Session of the 73rd General Assembly Welcome back to public policy season. On Wednesday, the Legislative Session commenced and we will be working on important policy at the Capitol related to REALTOR(R) Party issues for the next 120 days. The Legislative Policy Committee (LPC) will begin reviewing bills next week, so if you...
Application process now open to displaced residents ENGLEWOOD, CO – The Colorado Association of REALTORS® Foundation has been awarded a $2 million grant from the REALTORS® Relief Foundation to be distributed to victims of the December 2021 fires that ravaged Boulder County, destroying more than 1,000 residential properties. Funded through donations from REALTORS® and REALTOR® organizations and administered by the Colorado Association of...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Record-low inventory combined with insatiable buyer demand drove housing prices to record highs in markets across Colorado in 2021, according to the December data and year-end analysis from the Colorado Association of REALTORS®. The resulting activity, prevalent from January through the end of the year in markets across the state, made it nearly impossible to define any...
As we all know, the public’s increased time at home led people to buy homes or more square footage, according to a study by economists at the Federal Reserve Bank of Kansas City. Even after the pandemic, people are spending 5% more time at home, “which correlates with a nearly 4% increase in home prices found in most of the...
More than 3,000 people have joined the Facebook page, Marshall Fire Housing Needs and Availability, created by REALTORS® Susan Schliep and Amanda DiVito Parle. Schliep got the idea while driving home and remembering what her parents experienced after losing their home in Grand County’s East Troublesome fire in Oct. 2020. “Fourteen months after the East Troublesome and only two homeowners have rebuilt. And they got after...
Colorado Springs REALTOR® Eddie Hurt remembers his home being destroyed in the 2012 Waldo Canyon: “In 2012, Colorado Springs home prices had been declining but leveled off by 2012 so that helped folks have sufficient insurance coverage,” he recalled. Fast-forward to 2022, and real estate in both the Colorado Spring and Boulder areas have seen home prices increase by about...
In addition to the historic low inventory in housing in Colorado, homeowners affected by the fire cannot rebuild quickly enough. “It’s going to take forever,” said Kelly Moye, CAR spokesperson and Boulder REALTOR®. A home in the Denver metro area that once took 5 months to build now takes 10 months. In what the Associated Press is calling “Pandemic-era challenges,” the obstacles to rebuilding include labor...
A new art exhibit at the Aurora History Museum depicts the lives of those who are living in hotels or their cars, in addition to those living on the street. The goal of the exhibit is to show the reality and humanity of the homeless. Housing insecurity has increased in Aurora where CAR reports show the median sale price of...
The Aspen Board of REALTORS® (ABOR) has filed suit against the City of Aspen and each member of the Aspen City Council in response to an Aspen City Council emergency ordinance adopted on December 8 that put a hold on residential development and short-term rental licenses. ABOR’s complaint argues that the City Council did not follow due process and deprived public involvement, violating Aspen’s home-rule charter...
As we all learned last week: “Unfortunately, wildfire doesn’t happen in ‘just the mountains,’” says Sarah Thorsteinson, Executive Director of Summit REALTORS® and Vice-Chair of CAR’s Colorado Project Wildfire (CPW). “No trees are needed. Embers fly in the wind, and every bit of land between Wyoming and New Mexico is part of the Wildland Urban Interface (WUI), which is...