Zillow Offers bought hundreds of homes along the Front Range in August and September, often paying more than what sellers were asking. Now the company is selling more than 500 homes in 10 Front Range counties, and more homes it purchased in October are hitting the market every day. Nearly all the properties being sold are priced well below what the company paid only...
Congratulations to the REALTOR® members who were selected to serve and represent CAR in statewide matters critical to the REALTOR® Party and determine support for REALTOR® Champions. CAR Political Action Committee (CARPAC) members serve a 4-year term (can serve two terms consecutively). They are charged with analyzing state and local ballot initiatives that enhance or negatively impact real estate or the housing market and small businesses...
CAR’s October 2021 Market Trends reports that the sales price of homes has increased 15% across Colorado since Oct. 2020. Mountain town inventory is down by as much as 41% compared to last year. “It seems the definition can sometimes change from month to month as a relative response to what a ‘normal’ house sells for,” said Durango REALTOR® Jarrod Nixon. He says that...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – In most markets across the state, the pace of available inventory slowed in October and was quickly consumed by the insatiable demand that has come to define the Colorado housing market in 2021, according to the latest monthly market data and analysis from the Colorado Association of REALTORS®. “The pace at which homes are selling remains robust, but the dynamic has changed. In...
Zillow announced it would stop buying homes directly from sellers and then selling them at an increased rate. The company could not effectively compete in Colorado‘s hot real estate market because it couldn’t find property, renovate and resell the homes fast enough. The program has been discontinued nationally as well. “When you’re not able to buy low and sell high, because our market is doing...
Since Zillow Offers, the internet giant’s direct buying service, has left the Denver real estate market, home buyers and sellers don’t have much reason to celebrate. Home inventory, no matter who the player is, is low. “Any added inventory and new listings in the market would be greatly appreciated and good to have,” Andrew Abrams from DMAR said. CAR spokesman...
The Federal Emergency Management Agency’s Risk Rating 2.0: Equity in Action went into effect on Oct. 2. This new system prices flood insurance for each home individually rather than by flood zone. Jack Greacen, NAR’s Colorado Political Representative, reports that members from across NAR have shared their good and bad anecdotes. NAR has created a number of helpful resources to...
Thanks to those of you who could join us for the Colorado Association of REALTORS® 100 Year Celebration, Conference and Expo in October at the Broadmoor. We hope you had fun at our receptions and networking events, found the keynote and education session content valuable, and were able to bring knowledge and inspiration back to your business! Please enjoy these photos and our highlight video!...
Congratulations to CAR members who have been selected to serve on NAR Committees and Boards for 2021/2022. Please see below a list of Colorado REALTORS® and association staff listed in alphabetical order by last name. Tyrone Adams Housing Opportunity Committee Brian Anzur Leading Edge Advisory Board Barbara Asbury Land Use Property Rights and Environment Committee Windy Bailey Federal Taxation Committee Sunny Banka Risk Management Issues Committee David Barber Membership Policy...
The Colorado Association of REALTORS® (CAR) extends its deepest sympathies to the family and friends of CAR Past President Jolon Ruch, who passed away on Thursday, October 28th after a brave and hard-fought 18-month battle against cancer. Jolon is remembered as a tremendous organizational leader, taking on the tough task of ushering in a new governance model for her state association. Jolon cared deeply about...