Colorado Association of REALTORS | Consumer Awareness
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Consumer Awareness

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Property owners are responsible for upcoming mandatory sidewalk repairs

The goal of creating well-maintained sidewalks across Denver may soon become a headache for property owners.   Sidewalks around the city are about to undergo mandatory repairs on the property owners’ dime.   This month, a city inspector will start hunting for damaged and uneven sidewalks that need repair in Denver as part of the Neighborhood Sidewalk Repair Program. City ordinance says the cost to fix them falls on the property...

Evidence of Denver housing market slowdown; changes happening in Denver metro and statewide

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/   ENGLEWOOD, Colo. – Aug. 10, 2018 – An early peak housing season – April/May – has been met with an earlier than normal seasonal slowdown as buyer and seller behavior is changing amid the latest market conditions, according to the July 2018 statewide housing data from the Colorado Association of REALTORS® (CAR).   With enough evidence building to demonstrate a change is...

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IRS Guidance Out on 20% Business Income Deduction

The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new qualified business income deduction is available for tax years beginning after Dec. 31, 2017. Taxpayers can claim it for the first time on the 2018 federal...

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Home Inspectors: When to Connect or Reject

Hiring an inspector can bring an interesting dynamic to the home buying process, as it is the only profession in the real estate transaction that does not require any credentials or licensing. Only an estimated 25% of inspectors carry insurance and even fewer have been subjected to a background check. With home inspectors having unlimited access to your client’s home,...

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Colorado Springs Home Sales Fall Again in July, but Experts Say Market Remains Strong

Home sales totaled 1,592 in July, a 3.3 percent drop from the same month last year, says the latest report by the Pikes Peak Association of REALTORS®. Monthly home sales haven’t increased on a year-over-year basis since February.   Through the first seven months of 2018, home sales totaled 9,296, a slight, 0.1 percent gain over the same period last year, the...

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Which City is Better: Denver or Colorado Springs?

DENVER -- Denver and Colorado Springs — are we rivals or friends? And which city is better to live in?   Several recent surveys are giving the nod to Colorado Springs.   U.S. News and World Report ranked Colorado Springs as the second-best place to live in 2018, and the most desirable city in the country. Meanwhile, Denver was ranked as the third-best place to live and...

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AC Tips and Welcome Home Coverage

  A good home appliance repair and replacement plan can save a new home buyer many headaches—and dollars—when a home appliance breaks, without breaking their wallet.  As Coloradoans head into the dog days of summer, never has this been more critical than with a home’s central air conditioning system.  However, in order to try and prevent a breakdown in the middle...

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Wildfires in Colorado: The Overwhelming Effects and Costs and How REALTORS® Aim to Help

Across the country, wildfires have caused devastation and distress for years. In addition to the destruction they bring upon communities, fires can cost millions in restoration over the course of many years. Headwaters Economics recently published a report that analyzed the cost of several fires across the country. The report looked at 8 major wildfires in four states through 2016, including...

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Health of the Real Estate Economy

You may have seen recent articles warning of “ominous signs for the U.S. housing market.”  One article states that, “recent housing starts data were extremely weak for the month of June, raising alarm about housing.”  Another headline announces that the, “Housing Market Looks Headed for Its Worst Slowdown in Years.”   NAR’s Chief Economist, Lawrence Yun, says that despite the headlines, “Home price growth...

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“Did the Seller Receive My Buyer’s Offer?” by Scott Peterson, CAR’s Legal Counsel

I love talking about “Hot Market Problems.”  Market velocity generally means good business for REALTORS® and good job security for the industries and individuals who support REALTORS® (including us annoying real estate lawyers)!  Hot markets can be exhausting for all participants, but it is certainly better than the alternative.  High velocity also presents unique frustrations and challenges for buyers and...