Due to the overwhelming response from REALTORS® in Colorado and across the country contacting their Senators, we are excited to report that H.R. 3700 passed the U.S. Senate on July 14, 2016! Once again the voices of REALTORS® were heard loud and clear on Capitol Hill and last night we scored a big win! Thanks to you, and more than 139,000 REALTORS®...
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...
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...
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...
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...
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...
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...