Legislative Advocacy this Week at the State Capitol “Don’t Miss Out on the Action – Sign up for REALTOR® Party Mobile Alerts” Text REALTORS to 30644 REALTOR® Party Mobile Alerts, NAR’s advocacy texting platform, offers REALTOR® Associations and REALTORS® a way to stay connected directly from their cell phone or tablet. When a national or state legislative call for action is launched, subscribers...
Senate Bill 77, otherwise known as Restrictions on Broker Engagement Contracts, has passed and heads to the Governor’s desk for his signature. The bill was brought forth by CAR to protect homeowners, buyers, and sellers from predatory right-to-sell schemes. CAR worked with Senator Nick Hinrichsen (SD-03) and Rep. Meg Froelich (HD-03) on this legislation to prevent harmful business practices. The Colorado...
While the U.S. homeownership rate has continually increased during the last decade – to 65.5% in 2021 (from 64.7% in 2011) – the Black homeownership rate has not kept pace with increases of other racial groups. Also, people of color endure significant buying challenges throughout and even after their home purchase, according to a report released today by the National...
Tell Your Senator to OPPOSE HB-1115 and Save Affordable Housing Because of your hard work, our association sent thousands of emails to their state representatives and made their voices heard in opposing the repeal of prohibiting local governments to enact rent control. As a result, a legislator stated on the record that they received hundreds of emails in opposition of HB-1115....
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – With potential sellers sitting tight on their low interest rates and buyers skeptical of rising interest rates and reduced buying power, housing markets across the Denver metro area and state continued to take a much-needed breather in the month of February, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS®...
Legislative Advocacy this Week at the State Capitol “Don’t Miss Out on the Action – Sign up for REALTOR® Party Mobile Alerts” Text REALTORS to 30644 REALTOR® Party Mobile Alerts, NAR’s advocacy texting platform, offers REALTOR® Associations and REALTORS® a way to stay connected directly from their cell phone or tablet. When a national or state legislative call for action is launched, subscribers get...
Legislative Advocacy this Week at the State Capitol After another eventful week at the State Capitol, housing legislation has continued to be a top priority with this General Assembly. A handful of Colorado Association of REALTORS® priority legislation made its way through the committee process this week; thank you to our members who testified and reached out to legislators on crucial legislation that...
CAR has become aware of several instances in multiple locations across the state where scammers are reaching out to listing brokers to gain access to listed properties. In the most common scenario, the scammer will attempt to schedule a showing directly with the listing broker while impersonating an active, licensed broker working with a buyer. They will text or call the listing...
After two years of unprecedented growth, the median sales price of a single-family home stayed the same in Colorado but dropped in Metro Denver, though barely. In January 2023, the median sale price was $569,804, down 1.4% from a year ago. Some parts of the state saw an increase in January. In January, the median price of a single-family home in...
As borrowing costs increase, rate dispersion among lenders is growing. Your clients could save up to $1,200 annually by shopping around, experts say. Mortgage rates are inching up, with the 30-year fixed-rate loan increasing to a 6.5% average last week, Freddie Mac reports. Homeownership remains attainable for Americans who can afford a 20% down payment and a monthly mortgage payment of...