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Communities

Stanley Cup Win Reminiscent of 2001, Housing Prices Aren’t

According to Denver’s Housing Authority stats from 2001, median-home prices were $233,160, which is also the last time the Colorado Avalanche won the Stanley Cup. Fast forward to 2021’s hockey championship season, CAR’s May Market Trends report shows the statewide median price is $600,0000. In 2001, Nokia-brand cell phones were popular, and Apple produced its first-ever iPod. https://www.denverpost.com/2022/06/13/colorado-avalanche-stanley-cup-2001-pop-culture/ ...

Black Coloradoans Still Have Harder Path to Homeownership

According to the recent NAR report on the homeownership gap, only 43% of Black Americans can afford to buy a typical home, compared with 63% of white Americans and 54% of Hispanics. In Colorado, about 48% of white residents can afford to buy a typical home while 30% of Black and 32% of Latino people could afford homes here. CAR Market...

Grand Junction REALTOR® Brenda Case Wins Colorado’s Heart Award

Five REALTORS® across Colorado recognized as REALTORS® with a Heart https://www.coloradorealtors.com/heartaward/ FOR IMMEDIATE RELEASEJune 1, 2022      Contact:   Amy McDermott Executive Director, CAR Foundation(303) 785-7131 or (303) 790-7099 ENGLEWOOD, CO– The Colorado Association of REALTORS® (CAR) Foundation has named Grand Junction REALTOR® Brenda Case the recipient of its 2022 Colorado’s Heart Award in recognition of REALTORS® serving their communities with distinction. In honor of her selection, the...

‘Functional Zero’ Homeless Veteran Status Achieved in Fremont County

There are fewer than three veterans experiencing homelessness on any given night in Fremont County, thanks in part to a designation they received from Built for Zero, Community Solutions. The designation helped homeless organizations in the county expand their services. Some of the risk factors for homelessness are scarce and expensive housing. The median sales price for a home in...

Fraud Alert – Vacant Land Scam

Land Title Association of Colorado and the Colorado Association of REALTORS® have become aware of a new fraudulent scam that has quickly become more prevalent in the last month.  In most instances it includes VACANT LAND.   A fraudster locates a property and impersonates the owner of the property.  They list the property for sale (typically as a “FSBO”) on...

Colorado Home to Largest Population of Multigenerational Homebuyers

The popularity of multigeneration living is in flux throughout the nation, according to two recent reports. Colorado, along with Arizona and Nevada, had the largest increase in multigenerational households, which is defined by three or more generations who live in the same home. From 2014 to 2019, that increase went up 12.34 percent across the three states, according to a study from LendingTree. The NAR’s Home...

Net Zero Energy Code Pulled Back for Marshall Fire Rebuilding

Louisville residents and victims of the Marshall Fire protested the 2021 International Energy Conservation Code that would mandate rebuilding their homes with electric vehicle charging ports, higher insulation standards, and requirements to be “electric and solar ready.” Average cost estimates for a net-zero home rebuild could cost consumers anywhere from $20,000-$77,000 extra. The council is hoping its residents may still want to rebuild using the 2021...

Three New Wildfire Mitigation Bills Intro’d

The Wildfire Matters Review Committee brought three House Bills to the house. HB 1007 ends a tax deduction for property owners that offsets wildfire mitigation expenses. The deduction is replaced with an income tax credit beginning in 2023, which would be available to landowners with a taxable annual income of less than $120,000. Elizabeth Peetz, Vice President of CAR’s Government Affairs, stated the cap “removes the...

House being built

Colorado’s Affordable Housing Plan

Many ideas await the recommendations from legislators on how to spend $400 million of COVID-relief money on how to make housing more accessible to more people. “We’re all saying it: This is a once-in-a-lifetime chance to make investments in housing that we would never as a state be able to make in our own,” said Cathy Alderman, chief communications and policy officer for the Colorado...