CAR’s First-time Homebuyer Savings Act Tax Deduction, recently signed into law by Governor Hickenlooper on June 10th, is garnering nationwide attention as Congressman Coffman introduced a federal version of this bill on Friday.
CAR championed legislation creates first-time homebuyer savings accounts which allows a tax deduction for account holders on the interest earned on these accounts. A First-time Homebuyer Savings Account...
H.R. 3700 was passed by the U.S. House 427-0. Despite passing with NO OBJECTIONS, the U.S. Senate has not acted on H.R. 3700.
This legislation provides significant benefits to taxpayers, homebuyers and the real estate market by:
Removing a burdensome and expensive FHA Condo approval process
Reducing FHA restrictions on the number of condos available to homebuyers
Permanently streamlining Rural Housing Service loan processing
More...
The 2016-2017 CAR Election results have been confirmed by the CAR Chair, two volunteer members, and CAR staff. The following are the results:
Chair Elect: Ann Hayes
Treasurer: Gary Bauer
NAR Director (in order of finish):
Alan Lovitt
Randy Reynolds
Marjorie Genova
Southwest District Chair Elect: Carol Ann Peterson
Southeast District Chair Elect: Cris Salerno
Northwest District Chair Elect: Debbie Laity
Northeast District Chair Elect: TBD
Mountain District Chair...
Senate Concurrent Resolution 004: Real Estate Transfer Tax For Affordable Housing.
We are happy to report that SCR16-004, Real Estate Transfer Tax for Affordable Housing sponsored by Senator Ulibarri (D-Commerce City) died in committee on April 20th. The LPC opposed this bill and CAR gave testimony against the legislation in the Senate State, Veterans, & Military Affairs committee hearing. This concurrent...
Posted on
February 3, 2016
The Colorado Association of REALTORS® is now accepting applications for its 2016/2017 Officers and NAR Directors positions. Get involved in CAR Leadership and apply your skills to protect the real estate industry and make REALTORS® more successful through your state association.
The Officers and NAR Directors applications are due no later than 5:00 PM on Thursday, April 7, 2016 to participate...
Posted on
November 30, 2015
NAR: Internal News Service Special Report
Full Report Available Here
Board Approves Free Forms For All Members
The NAR Board of Directors at its Nov. 16 meeting in San Diego approved a partnership between NAR and zipLogix® to provide a national forms and transaction management benefit to all NAR members.
The board heard reports on a number of NAR initiatives—including advocacy successes in 2015. A...
Posted on
November 19, 2015
We've known for quote some time that scammers have been targeting real estate transactions, such as this warning from CTMeContracts in July of this year of several attempts to deceive real-estate agents and title company employees into wiring earnest money and/or closing funds into a fraudulent account.
But now NAR is delivering warnings about the potential threat. According to panelists at the...
Posted on
November 10, 2015
NAR recently released highlights from its annual Profile of Home Buyers and Sellers. It highlights interesting information stats such as:
• 87% of buyers purchased through an agent
• Only 8% of home sales were FSBOs (lowest since 1981)
• Buyers are more than likely to find their home through agent, rather than through website
• Buyers between ages of 18-24 were most likely...
Posted on
November 4, 2015
According to realtor.com®'s "Advance Read of October Trends", the Denver-Aurora-Lakewood Colorado market was the number one hottest market in October. The Denver Metro market ranked the 3rd hottest in September. Boulder Colorado was the 17th hottest market in October, 22nd hottest in September.
The following markets are the 20 hottest markets in the country for October, ranked by number of views...
Posted on
October 19, 2015
On Thursday, October 22, 2015, the House of Representatives Transportation and Infrastructure Committee will begin consideration on the surface transportation re-authorization legislation.
One proposal would use Fannie Mae and Freddie Mac's credit risk guarantee fees to fund transportation programs. NAR and CAR strongly believe that a new tax on homeowners would also prevent Fannie Mae and Freddie Mac from effectively managing...
