Denver had the second largest increase in annual homes prices with statistics showing this increase at 10%. This major increase on home prices and the lack of inventory are due to the legalization of marijuana in 2012. "The pot industry is creating jobs we didn't have before," said Kelly Moye, a Re/Max real estate agent who has worked in the Denver...
Featured in Inman News on May 20th, the Down Payment Resource program is capturing the attention of real estate professionals and consumers alike. To see the full article in Inman News, click here. Although 87 percent of homes qualify for down payment assistance, many potential homebuyers have no idea that they may be eligible for programs that could save them thousands...
Realtor.com and one of our News Corp sister companies are looking for a number of REALTORS across the country who can contribute to a national feature we are developing jointly that will provide updates on housing conditions in 21 of the top U.S. markets. These markets are Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Houston, Las Vegas, Los Angeles, Miami,...
As Colorado property owners have been receiving their 2015 tax assessments this spring, they can point to a steady increase in the price of homes sold in Colorado over the last several years as the cause for somewhat dramatic increases in their property valuations. Home values throughout the state continued to move upward in April, extending a pattern that began...
Last night, on a procedural motion, Senate Bill 284 was killed. Therefore, the press conference scheduled for today has been CANCELLED. The bill purported to address a so-called “loophole” in the use of urban renewal and tax increment financing on agricultural land for economic development projects but it is drafted solely to insulate a small group of hoteliers from perceived competition....
This saying is especially applicable with real estate transactions. Even those that have bought or sold several homes rarely do it often enough to keep up with all the complexities of a real estate transaction. For most people, buying a home is one of the largest purchases (and financial commitments) they will ever make. You need to make sure that...
Millennials. Many were raised during the housing crisis and the recession. Their childhood experiences in a down market has shaped their outlook on home ownership. At least, that was the prevailing belief. A few years ago, it looked as though the millennial generation was rather uninterested in buying a home. In 2013, NAR was releasing reports showing a gradual, year-to-year, conspicuous...
As the requirements of the 2010 Dodd-Frank Act continue to be implemented throughout the country, most Colorado REALTORS® have a basic familiarity with the new federally mandated mortgage loan disclosures that will be required be-ginning August 1st of this year. The Consumer Financial Protection Bureau (CFPB), an independent federal agency with oversight of the US financial industry, was created by the...
The Colorado Association of REALTORS® Education Foundation (CARED) Board of Directors has voted to dissolve the CARED Foundation and merge with the Colorado Association of REALTORS® Housing Opportunity Foundation (CARHOF) to form one charitable entity, the Colorado REALTOR® Foundation (CRF). The Board of Directors of both charities, CARED, CARHOF, and CAR Leadership are enthusiastic about the opportunity to grow CRF into...
Are you experiencing a listing inventory shortage? Most markets around the country are out of balance, with more buyers than sellers. In some markets, the shortage has led to multiple offers and near panic by both buyers and real estate professionals. As a leader, what are your strategies to help your people? Here are seven strategies that have helped us find...