Sine Die! Wednesday, May 10th, the final gavel came down on the first session of the 71st General Assembly. By many accounts 2017 was an incredibly intense, active and even sometimes challenging session. In total, 793 bills were introduced. CAR tracked 87 bills this year and the Legislative Policy Committee (LPC) took a position on 44 of them. Here were the top...
HB 1279 Construction Defect Actions Notice Vote Approval Headed to the Governor’s Desk After more than four years of negotiations on construction litigation reform, HB-1279 sponsored by Representatives Garnett (D-Denver), and Saine (R-Firestone) and Senators Tate (R-Centennial) and Guzman (D-Denver), has passed through both the House and Senate unanimously and is now on its way to the Governor. We expect the Governor...
Key findings from the April 2017 research report include: Following a dramatic increase in new listings in March 2017, April saw a small decline in the number of new listings for single-family and townhome/condos across the state. Median sales price for a single-family home in the Denver metro area hit another record high, $404,900. Statewide, the median sales price for...
The Colorado Association of REALTORS® is celebrating 16 future leaders who graduated from their 2017 Leadership Academy program. The Leadership Academy is an exclusive four-month training and development program designed to nurture future association leaders. It is focused on developing participants’ industry and association knowledge. Being apart of the Leadership Academy, the participants gained the skills to transform connections into involvement...
Forecast predicts drop in Denver-area home prices in 2019 Research firm projects declines of more than 30% Article and video content are from The Denver Channel and can be found by clicking here. DENVER -- A real estate data company projects Denver's hot housing market will start to cool off in late 2019, with home prices in some areas dropping more than 30 percent. Location, Inc., a...
HB 1279 Construction Defect Actions Notice Vote Approval HB-1279. This bill, sponsored by Representatives Garnett (D-Denver), and Saine (R-Firestone) and Senators Tate (R-Centennial) and Guzman (D-Denver), passed the House unanimously on Monday April 24th and will now be heard Monday, May 1st in the Senate Business, Labor and Technology Committee. Nothing in HB 1279 stands in the way of individual owners who...
This week at the legislature...
Member Survey Prize Winners! CAR conducted a member survey from April 1-7, 2017 and winners were chosen at random from a pool of survey respondents. We would like to thank everyone who participated in our member survey and also congratulate our prize winners! Prize 1 Winner– 1 Year of CAR Dues– Denna Jackson (Glenwood Springs Association of REALTORS®, Silt, CO) Prize 2 Winner -...
Senate Concurrent Resolution 17-002: Real Estate Transfer Tax For Affordable Housing SCR 17-002, sponsored by Senator Kefalas (D-Ft. Collins), was introduced on April 12 is scheduled to be heard on April 27th in the Senate Agriculture, Natural Resources and Energy Committee. The LPC today voted to oppose this concurrent senate resolution. SCR 02 deletes the prohibition in TABOR on new or...
FOR IMMEDIATE RELEASE March brings seasonal spike in new listings across Colorado’s housing market; Median sales price hits record $400,000 for Denver metro single-family home https://coloradorealtors.com/market-trends/ Key findings from the March 2017 research report include: 46 percent increase in new single-family listings and 32 percent increase in townhouse/condo listings across the state from February to March Despite increase in listings, strong sales keep...