July is always one of the best months for property sales for Colorado's High Country, and that was exactly the case in Summit County's exploding real estate market. Defined as any home sold at or above $1 million, luxury housing sales boosted the overall real estate sales volume to more than $150 million, a $5.2 million increase over July 2017 and...
The Internal Revenue Service issued proposed regulations today for a new provision allowing many owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income. The new qualified business income deduction is available for tax years beginning after Dec. 31, 2017. Taxpayers can claim it for the first time on the 2018 federal...
You may have seen recent articles warning of “ominous signs for the U.S. housing market.” One article states that, “recent housing starts data were extremely weak for the month of June, raising alarm about housing.” Another headline announces that the, “Housing Market Looks Headed for Its Worst Slowdown in Years.” NAR’s Chief Economist, Lawrence Yun, says that despite the headlines, “Home price growth...
In a big win for REALTORS®, the National Flood Insurance Program will continue renewing or issuing new insurance for four more months under legislation overwhelmingly by the U.S. Senate today. The bill, which cleared the House last week, is expected to be signed into law before midnight tonight, when the program expires. "We applaud lawmakers for taking this needed action to...
Many homeowners have limits on their home insurance policies that are too low to cover the full cost of repairing or rebuilding in case of a natural disaster—and the problem is particularly alarming in areas at risk of hurricanes and flooding, The Wall Street Journal reports. Catastrophic damage left in the wake of Hurricanes Harvey, Irma, and Maria last year revealed a widespread...
Hello from smokey Durango, and thank you so much for your kind words, support, outreach, and concern for our precious community. We truly appreciate all the outreach. I wanted to take a moment to update you all on how Durango is holding up through this crisis and what DAAR is doing to help. It was an active week for the fire, with...
In 2017, 13 percent of buyers and 8 percent of sellers didn’t use a real estate agent when purchasing or selling their homes By ALICIA WALLACE | awallace@denverpost.com | The Denver Post Kelly Moye, a REALTOR® with RE/MAX Alliance in Broomfield, has been a broker in Colorado for 27 years. She has ridden the undulations of the Front Range real estate market and witnessed the evolution...
The National Association of REALTORS strives to influence and shape the real estate industry. So it should be no surprise they put full force into the recent two public policy changes sweeping through Washington, D.C. NAR worked tirelessly on tax reform and net neutrality, two policy changes that could have powerful impacts on the real estate world. In regards to Tax...
There have been a number of developments in Washington, DC to share with you. TAX REFORM: Both the House and Senate have named the members of the conference committee. The committee will begin meeting next week, its goal is to send a final bill to the President by December 15, 2017. NAR will continue to run the Call for Action until the...
ENGLEWOOD, Colo. - The Colorado Association of REALTORS® (CAR) installed its 2017-2018 Leadership Council during the organization’s 97th annual State Conference in Broomfield, Colo. last week. Ann Hayes, Broker Associate at Keller Williams Colorado West Realty in Grand Junction, Colo. was inducted as Chairman of the Colorado Association of REALTORS®, a role she will assume from Nov. 1, 2017 through Oct....