Is Fort Collins in a Housing Bubble? [caption id="attachment_23846" align="alignnone" width="300"] JIM HILL / KUNC[/caption] There are several factors that have to be in play for a housing bubble to exist. The inventory needs to outweigh the demand — too many houses on the market — which will lead to dramatic price drops. “In our case, the cities and counties are holding [builders]...
SB-215 – Sunset Licensed Real Estate Brokers & Subdivision Developers - Signed by Governor Hickenlooper [caption id="attachment_23838" align="alignleft" width="300"] Governor Hickenlooper signs SB-215.[/caption] Every 10 years, the Division of Real Estate and the Real Estate Commission (Commission) are up for review at the Legislature. In 2017, CAR was actively involved from the very beginning to define the components of the legislation that will...
Citing Housing Shortage, Builders Push for Friendlier Laws The real-estate industry argues laws making it easier for homeowner associations to sue over alleged shoddy construction drive up insurance costs and builders’ expenses Construction at the Regional Transportation District’s Westminster Station in Metro Detroit in early July 2016. While home prices have risen at a double-digit rate for three years, the head of...
Supreme Court makes landmark ruling for condo developers Jun 5, 2017, 1:14pm MDT Updated Jun 5, 2017, 1:29pm MDT The Colorado Supreme Court on Monday upheld the right of condominium developers to require disputes go to binding arbitration, essentially putting into state law a contentious provision that construction-defects reform advocates said was the key to reviving a largely defunct condo market...
Fort Collins residential sweet spot up to $400K Pat Ferrier , patferrier@coloradoan.com 8:00 a.m. MT June 2, 2017 http://www.coloradoan.com/story/money/business/2017/06/02/fort-collins-residential-sweet-spot-up-400-k/356312001/ Homes selling for less than $400,000 being snapped up in days Buy Photo (Photo: Austin Humphreys/The Coloradoan) This story may sound like a broken record. Home prices in Fort Collins' white-hot market continue to escalate, pushed by the convergence of low inventory leading, increased competition, and an explosion of people...
Welcome to the fourth issue of the 2017 Conference Update (“CU” at the Conference). We’re sending you this monthly email to keep you in the loop about 2017 REALTORS® Conference & Expo promotions and to help you market the event to your membership base and colleagues. If you do not wish to receive this email, or know someone who should...
Top 5 Legislative Successes at the Capitol Straight from CAR Government Affairs 1) Construction Litigation Reform CAR, along with the Homeownership Opportunity Alliance championed compromise legislation that is the first step in the right direction to building more attainable housing for all Coloradans while also protecting homeowners and giving them a voice in whether or not to pursue litigation. After more than...
With investment, Colorado's Mile High Community Loan Fund tackles affordable-housing crisis News provided by: BBVA Compass 24 May, 2017, 12:52 ET To view this story in it's entirety, click here. - BBVA Compass increases equity equivalent investment to $3.3 million in organization, which gives developers access to capital they need to build more affordable housing - Rising home prices, booming population contributing to statewide...
Denver – Members of the Colorado Association of REALTORS® (CAR), as part of the Homeownership Opportunity Alliance (a bipartisan statewide coalition of housing advocates, business leaders, metro area mayors and builders), stood with Gov. John Hickenlooper in the West Foyer of the Colorado Capitol on Tuesday as he signed HB 1279, the Construction Defect Actions Notice Vote Approval bill, into...
Local housing market grows tighter By DENNIS DARROW | ddarrow@chieftain.com | Dennis Darrow | May 19, 2017 Updated May 20, 2017 [caption id="attachment_23707" align="alignleft" width="294"] GOODThe percent of people who plan on buying a home by age group.[/caption] The Pueblo area housing market remains hot -- and the supply of available homes continues to shrink. Building on the gains of the past two years, home...