A recent article by the Denver Business Journal found that Denver ranks second of the highest paying cities for real estate sales agents. At an average pay (2014 data) of $80,910 per year, Denver came in second only to Indianapolis, with an average pay (2014 data) of $99.540. The data comes from an analysis by The Business Journals of the latest...
by Mark Fleming, chief economist, First American. Article originally published in the 2015 October Edition of REAL Trends. While the Federal Reserve hasn’t raised rates yet, it could potentially decide, before the end of the year, to increase interest rates for the first time since 2008. The CME FedWatch Tool measures the market’s expectation of Fed target rates. One argument is that...
Reminder: New TRID Rules Effective as of Saturday, October 3rd. REALTORS® should be aware that the TRID Rules represent definitive changes that impact Lenders and will also impact the parties and participants in the real estate transaction. An understanding of the process under TRID will increase the ability of the real estate brokerage community to provide guidance to Buyer and Sellers,...
Single-family home prices down 3 percent for summer months. Fewer homes were sold in Colorado during August, the second consecutive month this year to see declining sales, according to market statistics released today by the Colorado Association of REALTORS® (CAR). The 10,657 properties sold last month represent an 8 percent decrease over July. From June through August of this year total...
New tool helps compare homes’ energy efficiency features The Colorado Energy Office introduced the Home Energy Score to REALTORS at the Colorado Association of REALTORS® Convention on Sept. 17 in Keystone, Colo. The Home Energy Score is a tool developed by the U.S. Department of Energy that provides REALTORS®, homeowners and homebuyers with a simple snapshot of a home’s energy rating...
Colorado Association of REALTORS® honors George Harvey as REALTOR® of the Year; Select members throughout state also honored for distinguished service George Harvey, broker/owner of The Harvey Team in Telluride, Colo., was named Colorado REALTOR® of the Year by the Colorado Association of REALTORS® (CAR) at its 95th annual convention in Keystone, Colo. The award is the most prestigious award given to a...
The Colorado Association of REALTORS® installed its 2015-2016 Leadership Council during the organization’s 95th annual State Convention held in Keystone, Colo. last week. Alan Lovitt, a 20-year real estate industry veteran with RE/MAX Advantage in Colorado Springs, was installed as CAR Chairman. Lovitt has served in numerous local and state association leadership roles over the past two decades “I’m excited and ready...
After six consecutive months of steady movement upward, sales of single-family homes declined 4 percent to 8,700 and condominium/townhouse sales were down 2 percent to 2,761 compared to June. Even so, those figures compare very favorably to July 2014 (+5 percent for single-family and +13 percent for condominiums/townhouses). A drop in home sales at this time of year is common,...
by Josie Klemaier, Denver Post. A new effort to teach Evergreen residents how to protect their homes from wildfires is being led not by fire agencies or property owners, but by another group with a huge stake in area properties: REALTORS®. "As REALTORS®, we got involved in this because we believe in making our communities better," said Bonnie Smith, director of the National...
June sales of both single-family homes and condominiums-townhouses were strong throughout the entire State of Colorado compared to the same month in 2014, according to market statistics prepared for the Colorado Association of REALTORS® (CAR) by 10K Research and Marketing, a Minneapolis-based real estate technology company using data provided by all of the Multiple Listing Services (MLS) in Colorado.. Last...