What the 2016 election results mean for Colorado REALTORS®. “Pundits Befuddled!” is how news headlines could have described the 2016 elections. Pundits, and the world, were stunned by Donald Trump’s inconceivable victory. Perhaps even more unexpected than the Presidential race, was the fact that Republicans retained their U.S. Senate majority. As of Friday, November 10th, a few Colorado counties were still...
Single family and townhouse/condo listings down more than 30 percent since July peak. While the median sales price for single-family homes and townhouse/condominium units between September and October 2016 remained relatively flat, $337,000 and $252,000 respectively, a shrinking inventory of active listings across the state continues to play a significant role in the overall housing market, according to the latest statewide...
The TILA-RESPA Integrated Documents (TRID) or Know Before You Owe rule went into effect on October 3rd 2015. What’s happened since? The National Association of REALTORS has released a report that details the new closing process since it went into effect. A few highlights of NAR's Report: (Read the full report here) Highlights: Delayed transactions fell from 10.4% to 8.5%, but cancelations edged...
Effective January 1, 2016 in accordance with Senate Bill 2016-115, the e-recording technology fund fee will increase to $3.00 for each recorded document (C.R.S. 30-10-421) for a period of five years. This will bring the fees to $13.00 for the first page and $5.00 for each additional page on every recorded document. One dollar of the fee will be retained by...
The Colorado Association of REALTORS® wishes to alert all members that an email scam has been targeting our members. If you receive an email regarding an "overdue balance" that claims CAR is trying to collect a debt, please delete this email as it is a scam. DO NOT send any money to the email sender or to the Schinner Law Group....
Median sales price for Colorado’s single-family homes dips for second time in three months while condominium/townhouse prices increase. The median sales price of a single-family home in Colorado has dropped for the second time in the past three months to $336,700. The one percent dip comes on the heels of a flat August and a nearly 3 percent dip reflected in...
Select members throughout state also honored for distinguished service. Scott Matthias, Broker Associate with RE/MAX Professionals in Highlands Ranch, Colo., was recognized as the Colorado REALTOR® of the Year by the Colorado Association of REALTORS® (CAR) at its 96th annual convention. The award is the most prestigious award given to a CAR member and is a culmination of a distinguished career within...
Colorado Association of REALTORS® Announces 2016-17 Leadership. Mark Trenka, broker/owner of Century 21 Trenka Real Estate was inducted as Chairman of the Colorado Association of REALTORS® during the 2016 CAR Conference and Expo last week. Mark will assume his new role from Nov. 1, 2016 through Oct. 31, 2017. Trenka has extensive experience with the Colorado Association of REALTORS® dating back to...
Amendment 69 is a $25 billion dollar tax - a double tax on your livelihood. Small business owners and LLC's will pay both sides of the proposed tax for a total of a 10% tax increase. Business owners will also pay the full 10% on all profits, even if those dollars are not withdrawn from the business. There is no...
The median sales price of a single-family home in Colorado dropped 3 percent to $336,000 from June to July of this year, the first reversal in what had been steadily rising prices since November 2015. Condominium/townhouse prices also dropped 3 percent to $240,000, the first decline since January. Compared to July 2015, however, single-family median prices were up 8 percent...