Higher home prices are translating into higher down payments. The median home price is $350,000, according to the National Association of REALTORS®. That means a buyer would have to put down $70,000 (or 20%) on a purchase to avoid private mortgage insurance. Low down payment loans are available for those who can’t reach that 20% down payment threshold. For example, FHA...
October 12, 2020 Update The Division of Real Estate continues to receive complaints concerning real estate brokers not following state and county-issued guidance regarding COVID-19 restrictions when performing real estate activities. Please be aware that many Orders are still in effect and you should be vigilant to stay in compliance of those Orders for the safety of yourself and others. On October...
For NAR members who borrowed $50,000 or less through the Paycheck Protection Program, it is now easier to receive automatic loan forgiveness. These smaller loans now require less documentation and fewer calculations than the previous process. The U.S. Small Business Administration and the Treasury Department announced the simplified process late last week. Many NAR members who took PPP loans will...
U.S. News & World Report released its 2020-2021 Best Places to Live Rankings, and four Colorado cities scored in the Top Ten. 1. Boulder, CO2. Denver, CO3. Austin, TX4. Colorado Springs, CO5. Fort Collins, CO6. Charlotte, NC7. Des Moines, IA8. Fayetteville, AR9. Portland, OR10. San Francisco, CA The rankings are based on methodology that includes job market, housing affordability,...
Fort Collins, Colo., is the best place to live in 2020, according to new rankings from Livability.com. Each year, Livability.com ranks the 100 best places to live in America based on an analysis of more than 1,000 small to midsized cities on characteristics such as affordability, safety, economic stability, outdoor recreation, accessibility, and community engagement. This year’s survey also weighed an...
Those looking to buy a home in the Boulder area are finding there's low inventory and rising prices. Some homeowners are reluctant to place their homes on the market in a pandemic, as REALTOR Kelly Moye has experienced. Moye told the Boulder Daily Camera that a potential client decided against selling her house over concern of exposure to COVID-19. Another...
ENGLEWOOD, CO – Oct. 12, 2020 – Forty years after the release of the iconic Pac-Man video game, and a doubling of the state’s residential population to 5.8 million, Colorado house hunters have created their own version of the hungry, energy seeking video character, gobbling up available housing while frantically maneuvering through the residential market maze – all while trying to beat the competition chasing the...
The Colorado Association of REALTORS® (CAR) installed its 2020-2021 Leadership Council at the Association’s home office in Englewood, Colo. last week. Robert Walkowicz, Broker Associate/Partner with the Group in Fort Collins, Colo. was inducted as chairman of the Colorado Association of REALTORS®, a role he will assume from Dec 1, 2020 through Nov. 30, 2021. Walkowicz has extensive experience with the Colorado Association of REALTORS® dating back to 1994. Of...
The REALTORS® of Summit, Park, and Lake Counties executed a Cookie Drop for all school district staff members, slash removal and trail maintenance. Dillon, CO — September 24, 2020 — Summit REALTORS®, the leading advocate of the local real estate industry consisting of members from Summit, Park and Lake Counties, are bringing positivity to their community by donating cookies to all staff members at local...
Evan Boenning, senior broker for Aspen Snowmass Sotheby’s International Realty in Aspen, Colo, has been named Colorado REALTOR® of the Year by the Colorado Association of REALTORS® (CAR). The award is the most prestigious award given to a CAR member and is a culmination of a distinguished career within the REALTOR® organization— at the local, state, and national levels. In...