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Capitol Connection – May 28, 2021

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...

NAR: If It’s in the MLS, Share the Address

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...

REALTOR® Stories Needed — Tell NAR About How You Used 1031 to Bring Development and Economic Benefit to Your Community

Recent proposals to repeal or limit the 1031 like-kind exchange could devastate the commercial real estate sector and investment in communities across the United States. From affordable housing providers, to small businesses, to farmers, 1031 has been used by a range of Americans since its creation 100 years ago. The National Association of REALTORS® (NAR) needs your help to educate lawmakers and their staff about 1031s. It is...

Judge Vacates CDC’s Eviction Ban, But Appeal Delays Action

A U.S. District Court judge for the District of Columbia ruled Wednesday that the Centers for Disease Control and Prevention’s nationwide eviction moratorium is unlawful, striking down the ban and delivering relief to housing providers who haven’t been able to collect rent from struggling tenants for more than a year. But the struggle for housing providers isn't over. The U.S. Department of...

CDC Extends Eviction Moratorium to June 30

On Monday, March 29, the CDC announced it is extending the federal eviction moratorium for an additional 3 months, through June 30, 2021. The moratorium prohibits housing providers from evicting a tenant who is unable to pay rent as a result of financial hardship due to COVID-19, but does not forgive the rent that is due. In addition to extending...

NAR Finds Black Home Buyers More Than Twice as Likely to Have Student Loan Debt, Be Rejected for Mortgage Loans Than White Home Buyers

NAR officials say data reinforces need for implementation of key housing policy initiatives to close persistent minority homeownership gaps Key Highlights The U.S. homeownership rate was 64.2% in 2019. At 69.8%, the rate for non-Hispanic white Americans exceeds the national rate. However, the Black homeownership rate – 42% – represents a Black-white homeownership gap of almost 30%. The homeownership rates for Asian...

HUD Extends Housing Protections to LGBTQ Americans

The National Association of REALTORS® applauded an announcement Thursday by the Department of Housing and Urban Development that the agency will enforce the Fair Housing Act to prohibit discrimination based on sexual orientation and gender identity. HUD’s move effectively expands civil rights protections to LGBTQ Americans seeking housing and housing-related services. The decision follows an executive order from the Biden...

2020 Profile of Home Buyers and Sellers Colorado Report

The NATIONAL ASSOCIATION OF REALTORS® Profile of Home Buyers and Sellers is an annual survey of recent home buyers and sellers who purchased in the last year, from July 2019 to June 2020. This report allows industry professionals to gain insight into detailed buying and selling behavior. While every year is a unique time capsule where buyers and sellers purchase amid a changing economic environment,...

CNN Business: Black Millennials Fueled a Surprising 2020 Home-Buying Surge for African Americans

The coronavirus pandemic and the resulting lockdowns that convinced Kenyan immigrant Lynn Poole and her husband to move out of their apartment in downtown Denver and purchase a three-bedroom house in Commerce City. Lynne Poole and her husband Aaron Poole stand outside the new home they purchased in 2020. "We weren't looking forward to living far away because...

NAR Releases 2020 Profile of Buyers and Sellers

The NATIONAL ASSOCIATION OF REALTORS® today released its 2020 Profile of Home Buyers and Sellers, a survey of people who purchased or sold from July 2019 to June 2020. The profile report has been a leading industry source of trusted insight into consumer behavior for nearly four decades. As in the past, this year’s survey measures the demographic characteristics of...