A new phenomenon is creeping into Denver that is posing an enormous problem for the 2020-plus buyers and sellers BY MATTHEW LEPRINO Like a game of Whack-A-Mole at Chuck-E-Cheese, it would seem that every time one low inventory-fueled abnormality pops up, another takes its place just as we begin to wrap our heads around it. Desperate buyers seeking to find a way, any...
Mission Homes Colorado to break ground in July on houses starting in mid-$200,000s By Craig Young Reporter-Herald Staff Writer For several years, builders in the region have said that it's not possible to construct a detached single-family home that would sell for less than $300,000. "On the Front Range, the conversation starts in the mid-$300,000s," he said. "But the days of homes in the...
Just-Released Economic Data Finds Improving Education in Colorado Would Generate Billions for the Economy New statewide polling shows education is a top tier issue for Colorado voters and employers, alignment on improvement strategies May 15, 2018 – Denver – If Colorado schools were the best in the nation, the state and its economy would receive a multi-billion-dollar boost. That’s the conclusion of...
With the competitive housing market first time home buyers are having to endure a tough fight to fulfill their dreams of becoming homeowners. Jay Gupta a CAR spokesperson told the New York Times just how tight the current housing market is. Gupta said that forty people attended an open house in Colorado Springs that was only open for three-hours long...
A Colorado legislative measure born out of frustration with the process of evicting those who illegally take over someone’s home is on its way to Gov. John Hickenlooper for signing. Senate Bill 15 (SB18-015) will set up a faster process for getting “squatters” — people who move into a home without homeowner authorization — evicted from the premises. The new law will...
Sine Die! Wednesday, May 9th, the final gavel came down on the second session of the 71st General Assembly. In total, 784 bills were introduced. The Colorado Association of RELATORS® (CAR) tracked 80 bills this year and the Legislative Policy Committee (LPC) took a position on 46 of them. The split legislature this year with Republicans controlling the Senate and Democrats...
Record housing prices continue their pace across the state as homebuyers weigh a growing list of market factors ENGLEWOOD, Colo. – May 10, 2018 – With a solid seasonal bump in the number of new listings both in the Denver metro area and many markets across the state, hungry homebuyers continued to gobble up properties while others sit and monitor a...
The housing market is improving for Montezuma County as house sales have increased. A good economy and high rental rates are pushing citizens of this area to consider buying a house versus renting. “Rent is pretty tough around here, and rent amounts are high, and so buying is a much better option for people,” To read the Full Article Click HERE...
The Denver housing market is experiencing an uphill battle from cash buyers to appraiser shortages. Current statistics reflect the struggle that is unfolding in the market. "The story of homeownership is one of riding these waves – the highs and the lows – all the while knowing that the house always wins, no matter who’s dealing the cards…even if it needs to be...
House Bill 18-1195: Tax Credit Contributions Organizations Affordable Housing HB18-1195, sponsored by Representative Pabon (D-Denver) and Senator Tate (R-Centennial), provides a state income tax credit for contributions to nonprofit organizations and Housing Authorities engaged in the new construction of affordable housing for homeownership of at least 120% Average Median Income. The donation by an individual or organization must be tied to...