FOR IMMEDIATE RELEASE
March brings seasonal spike in new listings across Colorado’s housing market;
Median sales price hits record $400,000 for Denver metro single-family home
https://coloradorealtors.com/market-trends/
Key findings from the March 2017 research report include:
46 percent increase in new single-family listings and 32 percent increase in townhouse/condo listings across the state from February to March
Despite increase in listings, strong sales keep...
This week at the legislature …
House legislators had their opportunity to debate the “long bill”, otherwise known as the budget, to fund the operations of state government after the Senate debated the budget last week. Colorado requires state lawmakers to balance their budget and given the fiscal outlook this year it required the Joint Budget Committee (JBC) to make some...
This week at the legislature …
Legislators are considering the “long bill”, otherwise known as the budget, to fund the operations of state government. Colorado requires state lawmakers to balance their budget and given the fiscal outlook this year it required the Joint Budget Committee (JBC) to make some tough choices to close a nearly $700 million dollar shortfall.
After a...
Hispanic Homeownership Growth Bucks National Trend
Hispanics are earning more money, becoming better educated, and forming households at a faster pace than any other demographic, according to the latest State of Hispanic Homeownership Report. They also continue to demonstrate a strong desire for homeownership and we can expect the rate to rise. In fact, Hispanics are already responsible for 75 percent of...
Senate Bill 17-215: Sunset Licensed Real Estate Brokers & Subdivision Developers
SB17-215, sponsored by Senator Kevin Priola (R-Henderson) and Representative Matt Gray (D-Westminister) was passed unanimously out of the Senate, Business, Labor and Technology Committee on Wednesday with bi-partisan support, and CAR expects that it will have an easy path through the Senate. This bill continues the division of real estate,...
Senate Bill 17-156: Homeowner’s Association Construction Defect Lawsuit Approval Timelines
This week the Homeownership Opportunity Alliance initiated SB17-156, Homeowner’s Association Construction Defect Lawsuit Approval Timelines sponsored by Senator Owen Hill (R-Colorado Springs) and Representative Cole Wist (R-Centennial), and Representative Lori Saine (R-Firestone) was assigned by the Speaker of the House to the House State, Veteran’s and Military Affairs Committee after passing out of the...
Active Denver real estate listings fall 50 percent from last year
Megan Arellano
March 12, 2017
[caption id="attachment_23199" align="alignnone" width="300"] Construction in downtown Denver. (Kevin J. Beaty/Denverite)[/caption]
The number of homes available for sale keeps falling lower and lower, despite new construction.
This time, it’s Colorado Association of Realtors with the eye-popping statistic: The Denver metro area has 50 percent fewer active listings than one year...
FOR IMMEDIATE RELEASE
Record low inventory and consistent sales
outweigh bump in new listings across Colorado’s housing market
https://coloradorealtors.com/market-trends/
Key findings from the February 2017 research report include:
30 percent increase in new statewide listings offset by strong sales and record low inventory
Statewide inventory down nearly 40 percent from one year ago
Active listings down 8 percent across the state from January to...
Senate Bill 17-156: Homeowner’s Association Construction Defect Lawsuit Approval Timelines
This week the Homeownership Opportunity Alliance initiated SB17-156, Homeowner’s Association Construction Defect Lawsuit Approval Timelines sponsored by Senator Owen Hill (R-Colorado Springs) and Representative Cole Wist (R-Centennial), and Representative Lori Saine (R-Firestone) passed out of the Senate Business, Labor and Technology Committee on Monday, February 27th. The bill will next go...
Restrictions on the Supply of Affordable, Entry-Level Housing in Colorado
March 2, 2017
EXECUTIVE SUMMARY
Over the last five years, home price increases in metro Denver have significantly outpaced price increases in the rental market. This has made it harder for potential buyers, particularly first-time buyers, to purchase homes. While demand for home ownership plummeted as a result of the Great Recession,...
