3 Most Common Down Payment Programs How do today’s buyers go from dreaming of owning a home to holding their first set of keys? Like most new buyers, the down payment is what’s holding them back. But, it could pay off big time to investigate down payment options. There are more than 2,400 homebuyer programs available across the country--they can be...
The REALTORS® Conference & Expo Co-Marketing Contest is Going on Now! About the REALTORS® Conference & Expo The REALTORS® Conference & Expo is NAR’s biggest annual member gathering. This year’s event will be November 3-6 in NAR’s hometown of Chicago, Illinois, and it promises four packed days of education, networking, motivation and fun for 20,000 members and guests. Win valuable prizes for your...
For Immediate Release Monday, June 26, 2017 Contact: Megan Herrera, 303.297.7407 mherrera@chfainfo.com CHFA Unveils New Loan Program for First-Time Homebuyers (DENVER) – Colorado Housing and Finance Authority (CHFA) announced today the rollout of a new home mortgage loan program for first-time homebuyers, qualified veterans, and non-first time buyers in targeted areas. The 30-year, fixed-rate loan program is called CHFA FirstStepsm and is expected to offer...
U.S. Existing-Home Sales Rise in May Despite Tight Supply Sales increased 1.1% from April and the median sales price jumped 5.8% Existing-home sales rose 1.1% in May from the prior month to a seasonally adjusted annual rate of 5.62 million, the National Association of REALTORS® said Wednesday. Economists had expected a modest decline from April. Compared with a year earlier, sales were...
The Beginnings and Mission of the Disaster Relief Program Colorado is a wonderful state to live in. Between experiencing all four seasons, to the mountains and the forests, we are surrounded by beauty here. But no matter how great our state is, natural disasters don’t play favorites in deciding where they occur. Fortunately, REALTORS® have a program that is ready to...
Becoming a First-Time Buyer in America’s Least Affordable City June 15, 2017 For millennials in America’s fastest growing cities, becoming a first-time homebuyer is more challenging because average wages can’t keep up with the rising cost of a median priced home. And, Denver takes the number one spot as the least affordable hot spot for millennial buyers, according to a new joint...
TRID – Was it Effective and Can it be Blamed for Closing Cost Delays? TRID (TILA-RESPA Integrated Disclosure) has recently been added to the long list of REALTOR® acronyms. October 2015 was the launch of this new rule that has created new methodology, structuring, and organization across the board for REALTORS®, buyers, title companies, and lenders. Each field has been impacted...
Your Friendly Neighborhood Regulator [caption id="attachment_22650" align="alignnone" width="245"] Scott Petersen, General Counsel, Colorado Association of REALTORS®[/caption] In addition to fantastic looks and winning personalities, REALTORS® can always be counted on for a rapid fire string of acronyms. NAR, CAR, GRI, CCIM, CMA, FSBO, CRS, e-PRO, RELO, ABR, CNS, CPM, CBR, REO, LTV… Ok, I’ll stop. At this point, most of you are...
Across Colorado, there were 20,100 active residential listings available on the market at the end of May, according to a report Monday from the Colorado Association of REALTORS. That represents a 32 percent drop in the active inventory of homes for sale versus a year ago, with about 10,500 fewer single-family homes and 2,100 fewer condos available for sale. Sellers showed...
Pueblo West home sales nearing pre-recession levels Home sales in Pueblo West in 2017 are on pace to reach its highest figure since 2006, according to residential real estate figures provided by Pueblo Multiple Listing Service and the Pueblo Association of REALTORS®, signaling the continued bounce-back of the housing market. The rise in Pueblo West real estate is a combination of several...