3 Things to Know
Colorado American Dream Act. Yesterday, “Construction Defects & Middle Market Housing” (House Bill 1272) passed in committee with an overwhelming vote of 12-1, marking a significant step forward in expanding the availability of starter homes. The bill strikes an important balance between protections for homeowners and builders, introducing thoughtful reforms to construction litigation that can help reduce...
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Protecting REALTORS® From Civil Lawsuits. CAR General Counsel Scott Peterson testified in strong opposition to “Deceptive Trade Practice Significant Impact Standard” (Senate Bill 157) because it is attempting to lower the “public impact standard” within the Colorado Consumer Protection Act (CCPA) to a single person’s claim that an act or practice could injure the larger public. This...
https://www.coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – February brought another influx of housing inventory to markets across the Denver-metro area and state however, new and growing inventory outpaced the pending and closed sales driving active listings higher, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis from the Association’s spokespersons across Colorado. A growing pool of...
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Homeowner Incentives for Wildfire Mitigation: “Risk Model Use in Property Insurance Policies” (House Bill1182) would provide homeowners personal wildfire risk scores - along with a breakdown of how those scores were determined, what impact the scores have on their premiums, and what actions they or the state should take to mitigate risk. But that’s not all! This...
Posted on
February 28, 2025
3 Things to Know
FAIR Plan Prepares to Issue Policies in Colorado. In May 2023, House Bill 1288: Fair Access to Insurance Requirements Plan, was signed into law, establishing a FAIR Plan in Colorado. Designed to offer basic homeowners’ insurance to those in high-risk areas where private insurers may be unwilling to provide coverage—think states like California, Florida, and Hawaii—the FAIR...
Posted on
February 21, 2025
3 Things to Know
Unveiling of HB-1272: Construction Defects & Middle Market Housing.Exciting news for Colorado’s housing market! Yesterday, House Bill 1272—a new bill aimed at expanding the supply of entry level, attainable homes—was introduced, and it comes with important protections for both homeowners and builders alike. The bill introduces fair and balanced reforms to construction litigation, ensuring that high-quality homes...
Posted on
February 14, 2025
3 Things to Know
Housing Bill Heads to the Governor: House Bill 1019 “Third-Party Administration of Division of Housing Programs” allows outside groups like nonprofits to help administer programs that provide a number of services including rental assistance, housing vouchers, and case management for individuals at risk of homelessness - is set to be signed by the Governor. These programs will...
Posted on
February 12, 2025
Buyers and sellers itching to move face a market tug of war as affordability continues to challenge the sale
https://www.coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – January’s housing market delivered a much anticipated and welcome spike in new listings across the seven-county Denver metro area and in markets statewide, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and...
Posted on
January 30, 2025
3 Things to Know
Deja Vous. Similar to recent years, there is another wave of landlord/tenant legislation in 2025 with more bills on the horizon. There are bills related to pricing coordination between landlords (HB 1004) and one that would allow the receivership of residential housing by local governments (SB 20). The Colorado Association of REALTORS® (CAR) is actively working on...
Posted on
January 17, 2025
3 Things to Know
56 REALTORS® from nearly 20 different Local Associations serve on the Colorado Association of REALTORS® (CAR) 2025 Legislative Policy Committee (LPC). They will review more than 100 bills over the course of the 120-day legislative session that ends on May 7th. The LPC is the official body to take Association positions on legislation impacting REALTORS® and/or real...
