Government Affairs Update Today marks a big legislative win for the Colorado Association of REALTORS®. Colorado's policymakers introduced a proposal that would allow inclusionary zoning practices and open the door to rent control at the local level. CAR successfully amended the bill to clarify that a local government cannot enact rent control policies on existing units. As REALTORS® know, our state...
Buyers required to have patience, persistence, grit…and cash ENGLEWOOD, CO – March 10, 2021 – Colorado home sellers remain firmly entrenched in the driver’s seat as the inventory of homes available for purchase dropped to all-time lows across the Denver metro area and state, according to the February 2021 housing data from the Colorado Association of REALTORS® (CAR). At the same...
The pandemic has devastated some Coloradans, leaving them unable to pay rent after losing their jobs. For others, the past year has been a time for them to upgrade to a larger house or move out of that apartment and into a condo. The result has been a red hot housing market that is only limited by the available inventory. “The...
Fox 31 spoke to Boulder-area REALTOR Kelly Moye about the lack of housing inventory and the increasing popularity of second-home purchases in Colorado's mountain towns. “The second home market really, really went crazy because of the pandemic,” Moye said. “When our market wasn’t quite as brisk as it is now, a lot of people sold their second homes because they...
Government Affairs Update This week, the Colorado Association of REALTORS® is happy to announce that CAR's Century of Opportunity campaign is moving forward, and three of our four homeownership opportunity bills are introduced and will be discussed by the legislature. We will continue to update you on the progress of these bills and won't stop until homeownership is an opportunity...
This week, NAR named three Colorado REALTORS® as 2021 30 Under 30 Finalists. They include: Shelby Foster ERA New Age Real EstateDenver, Colo. Irving Gomez NovellaDenver, Colo. Joel Nath Keller Williams FreedomColorado Spring, Colo. Members of the public can help one of these finalists make it into the 30 Under 30 class of 2021. Online voting in the Web Choice Award contest starts Friday,...
As a real estate professional, you have a whole list of tax deductions available to you. Ones that most people can’t claim. And hopefully you’re taking advantage of them! But even the most seasoned real estate professionals are usually missing out on thousands of dollars worth of deductions every year. Which means that you’re probably giving the IRS thousands of dollars every year for free. That’s...
Properties in ski towns may offer a big income stream for second-home buyers. After all, vacation homes have been trending during the pandemic, whether it’s a home in a cold- or a warm- weather locale. Second-home sales jumped 44% in 2020, according to data from the National Association of REALTORS®. Snowy hot spots are among those seeing surging demand. Searches for...
We've past groundhog day and it's another four months of legislative session to go, this time into June after the General Assembly took a month long Covid-19 pause. While the air may be chilly this President's holiday weekend, our Legislative Policy Committee is gearing up for a very busy session starting on Tuesday, Feb. 16 where we might see...
DENVER - The Colorado Office of Consumer Counsel (OCC) is advising Colorado Natural Gas (CNG) customers of CNG’s filing with the Colorado Public Utilities Commission (PUC) seeking approval to implement a System Safety and Integrity Rider, or SSIR. If approved, the SSIR would allow CNG to recover the costs of specific pipeline safety and integrity projects, through a separate rider on...