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...
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...
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...
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 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...
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...