Colorado Association of REALTORS | NAR
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NAR

49 CAR Members Selected to Serve on 33 NAR Committees and Boards

Congratulations to CAR members who have been selected to serve on NAR Committees and Boards for 2023/2024. Please see below a list of Colorado REALTORS® and association staff listed in alphabetical order by last name. Milford D Adams: Board of Directors Large Association Representative, Fair Housing Policy Committee Tyrone Adams:  AEC Recommendations and Recognition Advisory Board Brian E Anzur: Board of Directors Large...

Middle-income Homeowners Gained $120,000 in Wealth Over the Past Decade

A new housing report by the National Association of REALTORS® reveals middle-income homeowners accumulated $122,100 in wealth as their homes appreciated by 68% in the last 10 years. The report, Wealth Gains by Income and Racial/Ethnic Group, speaks to the value REALTORS® bring to consumers when helping buy and sell homes that build generational wealth. While not everyone has the same opportunities for homeownership,...

Colorado Springs REALTOR® Named NAR 30 Under 30

Colorado Springs REALTOR® Ashlee Nath has been named as one of this year's National Association of REALTORS® 30 Under 30. The character of the 2023 class of 30 Under 30 can be summed up in two words: bold entrepreneurs.  Some members of this year’s class have taken great leaps to make it in the industry. They are relationship builders, barrier breakers,...

Report: Black-White Homeownership Gap is Biggest in a Decade

While the U.S. homeownership rate has continually increased during the last decade – to 65.5% in 2021 (from 64.7% in 2011) – the Black homeownership rate has not kept pace with increases of other racial groups. Also, people of color endure significant buying challenges throughout and even after their home purchase, according to a report released today by the National...

Mortgage Rates Rise on Signs of Strong Economic Growth

As borrowing costs increase, rate dispersion among lenders is growing. Your clients could save up to $1,200 annually by shopping around, experts say. Mortgage rates are inching up, with the 30-year fixed-rate loan increasing to a 6.5% average last  week, Freddie Mac reports. Homeownership remains attainable for Americans who can afford a 20% down payment and a monthly mortgage payment of...

NAR Urges White House to Address Root of Affordability

NAR has committed to educate members and consumers about rental assistance but urges policy around the root cause of affordability issues. NAR offered the White House a commitment to educate its more than 1.5 million members on renter assistance and protections as part of the Biden administration’s new plan to alleviate rental affordability pressures across the country. The plan’s blueprint...

Falling Mortgage Rates Helping Thaw Frozen Market

The interest rate for a 30-year loan hover near the best levels since September, nearly a whole percentage point down from a 7.08% peak just two months ago. Affordability woes are still spooking buyers, but another decrease in mortgage rates could bring them back to the market. The interest rate for the 30-year mortgage averaged 6.13% last week, Freddie Mac reports,...

New Data Suggests Market Slowdown May Be Ending

Nationally, pending home sales increased for the first time in six months, and new home sales and mortgage applications are rising. New housing data offers hope that the market slowdown may be short lived. Nationally, pending home sales rose 2.5% in December, ending a six-month slide, the National Association of REALTORS® reported last week. New-home sales also rose 2.3% last month,...

Federal Court: DOJ Must Uphold Settlement with NAR

The decision ends a Department of Justice inquiry into the association’s Clear Cooperation Policy and participation rule. On Wednesday, a federal judge granted the National Association of REALTORS®’ petition to end a Department of Justice inquiry into the association’s Clear Cooperation Policy and participation rule. NAR filed the petition in September 2021 after the Department of Justice announced it was backing out of...

Federal Government Spending Bill Passes – Here are the Top Real Estate Provisions

On Friday, December 23, the U.S. House of Representatives passed the FY 2023 Omnibus spending package, narrowly avoiding a shutdown and funding the federal government through September 30, 2023. The $1.7 trillion spending package includes funding for agency programs and initiatives important to real estate, including:  Reauthorizing the National Flood Insurance Program (NFIP) through September 30, 2023;  $86 million for HUD Fair...