Freddie Mac released research supporting the appraisal gap and focus areas for possible solutions. After evaluating 12 million appraisals for single-family home transactions from 2015-2020, Freddie Mac found that 13 percent of properties in black and Latino census tracts received lower appraisal values, compared to 7.4 percent in white tracts. Freddie Mac will look at possible answers to this...
DOJ move undermines public policy, public confidence September 13, 2021 Media Contact: Mantill Williams 202-383-1128 CHICAGO (September 13, 2021) – The National Association of Realtors® today filed a petition to quash a request by the Department of Justice that reneges on the terms of a settlement agreement that was approved by the DOJ in November 2020. The DOJ attempt to withdraw from...
NAR has launched a series of communications targeted to renters, housing providers, state/local elected officials, and opinion leaders about the availability of rental assistance in Denver beginning Friday, Sept. 10th. The message of the online ad underscores that Congress has allocated $46.55 billion in emergency rental assistance relief for renters and housing providers who are struggling due to the impact of...
WASHINGTON (September 2, 2021) – The National Association of Realtors® has selected Bob Bell, a Realtor® from Denver, Colorado, among 10 finalists for its 2021 Good Neighbor Awards program. This award honors Realtors® who have made significant, tangible volunteer contributions in their communities to improve the lives of their neighbors in need. Every Friday, Bell and hundreds of volunteers meet to pack and deliver weekend meals...
“Time to Focus on Rental Assistance: The U.S. Supreme Court ended the Centers for Disease Control and Prevention (CDC’s) eviction moratorium Thursday night, giving much-needed relief to America’s small housing providers facing financial hardship for more than a year. In a 6-3 ruling, a majority of justices agreed that the stay on the lower court’s order finding the...
Pagosa Springs and Florissant, Colo. ranked 19 and 23 respectively on a list of the top 25 cities to buy a vacation rental property. Other southwestern states with rankings included three cities in California: Big Bear, Twentynine Palms, and Palm Springs. Also on the list are Big Sky, Mont., and Bear Lake, Utah. Gatlinburg, Tenn., took the first spot with...
High Court Says CDC Lacks Authority In a 5-4 ruling Tuesday evening, the U.S. Supreme Court said the Centers for Disease Control and Prevention (CDC) lacked authority to implement a blanket, nationwide eviction moratorium. Although the court declined to lift the ban immediately, the ruling means the current moratorium will expire at the end of July. “This is a massive victory for property rights,”...
Legislative Advocacy this Week at the State Capitol 2021 Legislative Session Comes to an End The 2021 legislative session came to a close late Tuesday. Over the past 116 legislative days, the Colorado legislature tackled several huge issues such as statewide transportation funding that has plagued the state for many years. Policymakers also allocated large state and federal stimulus dollars as our state works toward pandemic...
Legislative Advocacy this week at the State Capitol Amendments Increase Requirements for Disclosure and Transparency of Fees in HOAs House Bill 1229 increases requirements for disclosure and transparency in the operations of HOAs in Colorado common interest ownership communities. The bill requires HOAs to maintain a list of all fees, assessments, and expenses that it charges in connection with the purchase or...
The National Association of REALTORS®’ Board of Directors on Friday selected next year’s leadership, approved a 2022 budget that forecasts 1.43 million members, and kept 2022 national dues at $150. The subject that generated the most debate at the board meeting was a policy proposal to require that residential property addresses be disclosed and available to MLS participants and subscribers when...