Freddie Mac released research supporting the appraisal gap and focus areas for possible solutions. After evaluating 12 million appraisals for single-family home transactions from 2015-2020, Freddie Mac found that 13 percent of properties in black and Latino census tracts received lower appraisal values, compared to 7.4 percent in white tracts. Freddie Mac will look at possible answers to this...
Gunnison-Crested Butte Association of REALTORS® is hiring a full time Association Executive Officer (AE). The AE is responsible to the Board of Directors and participates in meeting the Association goals, objectives and mission. Responsibilities include attending all meetings of the Board of Directors (BOD), keeping the board informed on all items of importance, organizing and promoting events, maintaining sound organization...
Boulder is one of the three most popular college towns for young adults to buy a home. Although the median sale price in the city is $1 million, Boulder ranked third. Only Champaign, Ill., ($180,000 median price) and Burlington, Vt., ($415,00 median price) are more popular. Economic stability, a low-key lifestyle, and affordability were cited as reasons why people choose...
In Aurora’s more affordable northern neighborhoods along the Colfax corridor and Delmar Park, the city has half of the inventory it had last year and a median sales price of $400,000, which is up about 30 percent. The southern and eastern areas of Aurora and their newer developments have pushed the new median high to $706,000. CAR spokesperson and Aurora-area...
DOJ move undermines public policy, public confidence September 13, 2021 Media Contact: Mantill Williams 202-383-1128 CHICAGO (September 13, 2021) – The National Association of Realtors® today filed a petition to quash a request by the Department of Justice that reneges on the terms of a settlement agreement that was approved by the DOJ in November 2020. The DOJ attempt to withdraw from...
Tyrone Adams appeared on Channel 9’s Business Brief with Ryan Frazier to talk about how consumers can benefit from financial education to prepare for home of ownership. Adams specifically talked about CAR’s successful 2021 Century of Opportunity legislation package where four bills were passed: creating student financial literacy for high schoolers, a credit building pilot program, a public report on...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Sept. 13, 2021 – End of summer vacations, kids returning to school, and typical seasonal slowdowns did not impact the continued hot housing market across the seven-county Denver metro area and state, according to the latest monthly market data and analysis from the Colorado Association of REALTORS® (CAR). Despite anticipated seasonal dips in new listings, under contracts and pending/solds held their own during...
NAR has launched a series of communications targeted to renters, housing providers, state/local elected officials, and opinion leaders about the availability of rental assistance in Denver beginning Friday, Sept. 10th. The message of the online ad underscores that Congress has allocated $46.55 billion in emergency rental assistance relief for renters and housing providers who are struggling due to the impact of...
The highest rates of mortgage approval are occurring in Summit, Routt, Grand, Boulder and Douglas counties, according to Fox31’s Kevin Torres, who used data from a company called Smart Asset. The news story credited CAR by saying that the listed counties tend to have low tax rates and fairly high income levels. Kelly Moye, a spokesperson for CAR, was also quoted in the news story,...
Greeley Association of REALTORS® CEO Julie Jensen was quoted recently in 5280 magazine about Greeley’s remarkable population growth in the last decade and the reasons for it. Information from the story includes 2020 Census data about the city as a historically agriculture-based community and its 30 percent growth rate in the last decade. One of Jensen’s ideas behind Greeley’s population increase is that the northern Colorado...