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...
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...
REAL Trends Housing Market Report| July sales jump 13.2 percent over July 2014 The REAL Trends Housing Market Report for July 2015 shows that housing sales increased 13.2 percent from the same month a year ago. All four regions reported unit sales rose from a year ago with the Midwest leading the way with an increase of 14.6 percent. The annual rate of...
The Consumer Financial Protection Bureau (CFPB) has issued a final rule moving the effective date of the TILA-RESPA Integrated Disclosures (TRID) rule (otherwise known as the Know Before You Owe mortgage disclosure rule) to Oct. 3, 2015. This after CFPB Director Richard Cordrday said that the CFPB would delay the effective date of the TRID rule until Oct. 1.The CFPB has issued...
Next week the U.S. House of Representatives is scheduled to vote on H.R. 9 - The Innovation Act of 2015 which will take vital steps to protect the real estate industry from frivolous lawsuits brought by patent trolls. It is critical that you urge your Member of Congress to support this important legislation. Contact your Member of Congress to Stop Patent...
On Wednesday, June 17th, the CFPB announced they would propose an amendment to delay the implementation of the TRID (TILA RESPA Integrated Disclosure) from August 1 to October 1st. The Consumer Financial Protection Bureau’s announcement means a two-month delay for the implementation of the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure regulation, also known...
Mark Trenka will be the Chair-elect for the 2015-2016 leadership year after a close run-off with fellow candidate Ann Hayes. "I am extremely proud of both candidates and the high level of professionalism they exhibited during the run off," said David J. Barber, 2015 CAR Chairman. To ensure the voting results were accurate, calculated in a fair manner and followed BOD approved CAR...
It has been almost one year since the National Association of REALTORS® (NAR) initiated Core Standards for local and state associations. The Core Standards were put in place as an effort to align all three levels of the REALTOR® organization and provide the highest level of quality service to members. The vision for Core Standards is to strengthen and unity...
SB 210 Title Insurance Commission The Legislative Policy Committee (LPC) voted to SUPPORT SB15-210, Title Insurance Commission, by Senator Laura Woods (R-Arvada) and Representative Jeni Arndt (D-Fort Collins). The bill creates the Title Insurance Commission in the Division of Insurance (division) in the Department of Regulatory Agencies (DORA) as a Type 1 agency for the purposes of: proposing, advising, and recommending rules,...