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The CAR Blog

Knowledge Happens Here

Denver Metro Area Ranks #4 on Realtor.com®’s Housing Market Recovery Index

Posted on August 31, 2020
REALTOR® News

National housing inventory has plunged 37% year over year, while buyers’ heightened demand is creating bidding wars and a rapid pace of sales, realtor.com® reports in its latest Weekly Recovery Report. Homes are selling nine days faster than a year ago, even as prices escalate, realtor.com® reports. The National Association of REALTORS® reported Thursday that contract signings in July jumped 15.5% above...

CPR News: Not Even Coronavirus Could Tame Colorado’s Hungry Housing Beast

Posted on August 31, 2020
REALTOR® News, REALTORS® in the News

Colorado Public Radio reported on the durability of Colorado's housing market despite the COVID-19 pandemic and record unemployment. In July, there was a record 10,771 single-family homes sold, according to CAR's latest Market Trends report. Many potential homebuyers have unexpectedly found themselves in bidding wars. “I don’t think a slow down is coming anytime soon,” said Boulder-area REALTOR Kelly Moye. ...

Colorado REALTORS® Help Fund Construction of Tiny Home Village for Veterans

Posted on August 28, 2020
CAR Foundation, Communities, Community Giving, Local Association, REALTOR® News, REALTORS® in the News, Residential Housing

With the help of a $20,000 grant from the CAR Foundation and a $5,000 grant from the Longmont Association of REALTORS®, the Veterans Community Project (VCP) broke ground yesterday on VCP Village – Longmont, an innovative project that will provide housing for veterans and their families. In attendance was Gov. Jared Polis, as well as CAR CEO Tyrone Adams, CAR...

Colorado Sun: Why Colorado’s Housing Market Looks So Hot Even Though Coronavirus Is Ravaging the Economy

Posted on August 27, 2020
REALTOR® News, REALTORS® in the News, Residential Housing

The Colorado Sun reported on the state's strong housing market at a time when COVID-19 has devastated other sectors of the economy. One way the pandemic has affected housing is increased buyer interest in single family homes over condos. According to Denver-area REALTOR Matthew Leprino, buyers are seeing the value of having a house with more space to spread out. ...

Colorado Has Third Lowest Utility Costs

Posted on August 21, 2020
REALTOR® News

Utility bills can add up, especially in a pandemic that has forced people to spend more time at home. On average, renters are spending between $100 to $150 per month on utilities, whereas homeowners are paying an average of $400 per month, according to Move.org. Home shoppers would be wise to inquire about the average utility costs of homes they’re looking...

Report: Denver Metro Area Sees Highest Level of Mortgage Activity Since 2005 Due to Low Interest Rates

Posted on August 21, 2020
REALTOR® News

According to a new report from ATTOM Data Solutions, low interest rates have helped fuel a demand for mortgages not seen since 2005. Surprisingly, consumers haven't been deterred by the COVID-19 pandemic The Denver Post reports, "In metro Denver, there were 54,837 mortgage originations in the second quarter, including purchase mortgages, refinancings and home equity lines of credit. That’s the highest...

USA Today: Head Scratcher? Colorado Home Sales Sets Record in COVID-19 Recession

Posted on August 18, 2020
Market Trends, Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

USA Today reported on CAR's July 2020 Market Trends report. It notes, "Sales rose 15% from June and 21% from the previous July – before COVID-19 when the economy was rolling. Statewide the median home price rose a startling 4.5% in one month, to $443,925." "There is a total disconnect with half the economy being crushed and yet, housing has mostly shrugged it...

Denver Post: Home Sales and Price Records Were Set All Across Colorado in July

Posted on August 18, 2020
Market Trends, Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing

“Buyers waited on an hour-by-hour basis for the new listings to show up, then competed to win the bidding wars,” said Colorado Springs-area REALTOR Jay Gupta in response to CAR's July 2020 Market Statistics Report. As noted in the report, buyers snapped up a record 10,771 single family homes in Colorado in July. Read the full Denver Post article. ...

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The Colorado Association of REALTORS® is the state’s largest professional, voluntary, non-profit, real estate trade association that is dedicated to serving more than 25,000 REALTOR® members across the state. Read More

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