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...
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...
Posted on
February 17, 2022
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...
Posted on
February 8, 2022
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...
Posted on
February 7, 2022
Families renting homes, apartments, and hotel rooms because they
lost their housing in the Marshall fire are struggling to make rent payments. Because
some renters are still waiting to hear if property owners will pay to clean
smoke and ash residue from their apartments, they are living in limbo, with
remediation priced at thousands of dollars. During this challenging time, the
Colorado Association of REALTORS®...
Posted on
January 30, 2022
Recent home listings in the Marshall Fire Burn areas are still selling over the asking price in a short time. There were 17 homes under contract that sold within two days of being on the market. The language in the listings reads differently than it did two months ago.
“Instead of the remarks saying, ‘Great house, open space, and views,...
Posted on
January 13, 2022
Application process now open to displaced
residents
ENGLEWOOD, CO – The Colorado Association of REALTORS® Foundation has been awarded a $2 million grant from the REALTORS® Relief Foundation to be distributed to victims of the December 2021 fires that ravaged Boulder County, destroying more than 1,000 residential properties.
Funded through donations from REALTORS® and REALTOR® organizations
and administered by the Colorado Association of...
Posted on
January 11, 2022
More than 3,000 people have joined the
Facebook page, Marshall Fire Housing Needs and Availability, created by
REALTORS® Susan Schliep and Amanda DiVito Parle. Schliep got the idea while
driving home and remembering what her parents experienced after losing their
home in Grand County’s East Troublesome fire in Oct. 2020. “Fourteen months
after the East Troublesome and only two homeowners have rebuilt. And they got
after...
Posted on
January 10, 2022
Colorado Springs REALTOR® Eddie Hurt remembers his home being destroyed in the 2012 Waldo Canyon: “In 2012, Colorado Springs home prices had been declining but leveled off by 2012 so that helped folks have sufficient insurance coverage,” he recalled. Fast-forward to 2022, and real estate in both the Colorado Spring and Boulder areas have seen home prices increase by about...
Posted on
January 7, 2022
In addition
to the historic low inventory in housing in Colorado, homeowners affected by
the fire cannot rebuild quickly enough. “It’s going to take forever,” said
Kelly Moye, CAR spokesperson and Boulder REALTOR®. A home in the Denver metro
area that once took 5 months to build now takes 10 months. In what the Associated
Press is calling “Pandemic-era challenges,” the obstacles to rebuilding
include labor...
