Lakewood residents voted for a measure aimed at limiting development Tuesday. Ballot question 200 was approved by approximately 53 percent of voters, with the remainder voting against it. The ordinance seeks to limit development in the city by capping new housing projects at 1 percent of the city's current housing stock. "As REALTORS®, it’s our job to ensure housing remains as attainable as...
Come join us on Monday, July 15th, from 1:00 - 2:30 pm at CAR's headquarters for a global discussion and informational session about NICARs Commercial Global Business Network's planned fall trip to Berlin and Munich, Germany. The conversation will be led by the former chairs of the CGBN from Chicago - Andy Velkme, CIPS and Bill Caton, CIPS - Andy and Bill are global...
CAR was excited this year to be a sponsor of the Habitat for Humanity Legislative Build Day that sponsored building across the state on June 27, 2019. “CAR is thrilled to partner with Habitat for Humanity to build affordable housing,” says Vice President of Government Affairs, Elizabeth Peetz. “We know that 1 in 7 households spend more than half...
Landowners shouldn't have to jump through state-level hoops before heading to federal court to accuse the government of taking their property, the Supreme Court ruled today in a decision that overturns a decades-old precedent. In a 5-4 opinion(link is external), the justices sided with Pennsylvania resident Rose Mary Knick on a property rights issue likely to have ripple effects on land use...
Although household growth is returning to a more normal pace, our new State of the Nation's Housing report shows that housing production still falls short of what is needed, which is keeping pressure on house prices and rents and eroding affordability. While demographic trends alone should support a vibrant housing market over the coming decade, realizing this potential depends heavily...
The housing market looks a lot different today than it did a couple generations ago. ### Faced with financial challenges, it's little wonder that millennials are buying different types of homes and in different types of locations than their parents did. And they are buying under different circumstances, too, often waiting longer, buying before marriage, or living with their parents to save cash so...
WASHINGTON (June 19, 2019) – The latest consumer findings from a National Association of REALTORS® survey reveal that many more Americans believe that now is a good time to sell a home. The second quarter of 2019 saw a jump in optimism in selling, as 46% strongly held that belief, up from 37% in the first quarter. NAR's chief economist Lawrence Yun...
A new study supported by a metro Denver business partnership says Lakewood's July 2 ballot question to limit growth to 1% a year will lead to higher property taxes to pay for city services. “The research speaks for itself,” said Elizabeth Peetz, Vice President of Government Affairs for the Colorado Association of REALTORS®, in a statement Monday. Ballot Question 200, a citizen-initiated...
The size of the iBuying market in Denver will depend on the desire for that convenience, industry leaders say. Matthew Leprino, with the Colorado Association of REALTORS®, says he’s heard chatter that iBuying could reach as high as 25% of the market in the coming years. “But there are also people who think this is just a flash in the pan...
FOR IMMEDIATE RELEASE Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com Demand devours inventory despite record number of new listings Record number of new listings across state can’t correct housing inventory and affordability challenges as prices continue climb https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO. – June 12, 2019 – Despite a record number of new single-family (12,962) and condo/townhome (3,768) listings hitting the Colorado housing market in a record cold May,...