It is a common problem lately in the Denver Metro area, which has seen a decrease in housing inventory and an increase in demand. "There are not enough houses, especially more affordable homes," said Kelly Moye with the Colorado association of REALTORS. "First time homebuyers who don't have a lot of cash are hit the hardest." Watch the 7News Story: Moye said bidding...
Despite tight conditions, Latinos see net increase of 245,000 owner households. The Hispanic Wealth Project, in collaboration with the National Association of Hispanic Real Estate Professionals (NAHREP), revealed data today in their State of Hispanic Homeownership Report that shows an increase in both Hispanic homeownership rates and in the number of owner Hispanic households while overall U.S. homeownership rates have declined...
According to a Consumer Reports national homeownership survey, more than one-third of millennial respondents said they didn’t own a home because they hadn’t saved enough for a down payment. For many, high rental costs and student debt make it difficult to save for a down payment. Consumer Reports highlights down payment savings strategies, including finding a no-interest loan or homeownership program...
A third consecutive month of increases in the number of homes coming onto the market in February was not significant in impacting the overall inventory of homes statewide which hit a six-year low. The number of single-family homes added to the market in February (6,938) was an increase of 11 percent over January but still 4 percent below February 2015. ...
Thank you so much to everyone who attended REALTOR® Day at the Capitol! We had over 200 attendees from across the state, and had a very successful day speaking with our legislators. We would like to thank Alison Felix, Vice President and Denver Branch Executive of the Federal Reserve Bank of Kansas City, for providing an interesting and insightful keynote...
U.S. Green Building Council Announces Colorado is Fifth State in the Nation for LEED Green Building The U.S. Green Building Council (USGBC) recently released its national ranking of the top states in the country for LEED green building and Colorado is the fifth state in the nation for 2015. LEED-certified spaces use less energy and water resources, save money for families, businesses...
The Colorado Association of REALTORS® is now accepting applications for its 2016/2017 Officers and NAR Directors positions. Get involved in CAR Leadership and apply your skills to protect the real estate industry and make REALTORS® more successful through your state association. The Officers and NAR Directors applications are due no later than 5:00 PM on Thursday, April 7, 2016 to participate...
(This is the second part of a two-part series on Colorado’s unique marijuana laws and their impact on real estate, property rights and the business of REALTORS®. In the November issue, I covered the uncertain status of Colorado’s state marijuana laws in relation to federal drug law and the implications on property ownership. In Part Two below, I will address...
The Second Regular Session of the 70th General Assembly Kicks Off in 2016! The first gavel of the second session of the 70th General Assembly came down on Wednesday, January 13th, ushering in two new legislators, with a third legislator finding himself in a new chamber. Throughout the coming weeks, we will introduce you to each new legislator in our Capitol...
Competition remains fierce for single-family homes and condos as supply of for-sale properties drops By The Denver Post Median home prices continue to rise statewide and completed sales heated up in December, reversing a slowdown that began in June, according to a report released Wednesday by the Colorado Association of REALTORS. There were 6,617 single-family home sales last month, up 21 percent from...