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...
FOR IMMEDIATE RELEASE Clarissa Arellano 633-7718 ext. 104 carellano@ppar.org Michele Van Metre 633-7718 ext. 114 mvanmetre@ppar.org MEMBER SAFETY ALERT: PPAR REALTOR® AND CLIENT ROBBED AT GUNPOINT Colorado Springs, CO (April 1, 2017)- In an effort to promote the safety of its members and their clients, The Pikes Peak Association of REALTORS® (PPAR) issues the following safety advisory. Earlier this month, a PPAR Member and a client were robbed at...
This week at the legislature … House legislators had their opportunity to debate the “long bill”, otherwise known as the budget, to fund the operations of state government after the Senate debated the budget last week. Colorado requires state lawmakers to balance their budget and given the fiscal outlook this year it required the Joint Budget Committee (JBC) to make some...
This week at the legislature … Legislators are considering the “long bill”, otherwise known as the budget, to fund the operations of state government. Colorado requires state lawmakers to balance their budget and given the fiscal outlook this year it required the Joint Budget Committee (JBC) to make some tough choices to close a nearly $700 million dollar shortfall. After a...
Hispanic Homeownership Growth Bucks National Trend Hispanics are earning more money, becoming better educated, and forming households at a faster pace than any other demographic, according to the latest State of Hispanic Homeownership Report. They also continue to demonstrate a strong desire for homeownership and we can expect the rate to rise. In fact, Hispanics are already responsible for 75 percent of...
Senate Bill 17-215: Sunset Licensed Real Estate Brokers & Subdivision Developers SB17-215, sponsored by Senator Kevin Priola (R-Henderson) and Representative Matt Gray (D-Westminister) was passed unanimously out of the Senate, Business, Labor and Technology Committee on Wednesday with bi-partisan support, and CAR expects that it will have an easy path through the Senate. This bill continues the division of real estate,...
Senate Bill 17-156: Homeowner’s Association Construction Defect Lawsuit Approval Timelines This week the Homeownership Opportunity Alliance initiated SB17-156, Homeowner’s Association Construction Defect Lawsuit Approval Timelines sponsored by Senator Owen Hill (R-Colorado Springs) and Representative Cole Wist (R-Centennial), and Representative Lori Saine (R-Firestone) was assigned by the Speaker of the House to the House State, Veteran’s and Military Affairs Committee after passing out of the...
Active Denver real estate listings fall 50 percent from last year Megan Arellano March 12, 2017 [caption id="attachment_23199" align="alignnone" width="300"] Construction in downtown Denver. (Kevin J. Beaty/Denverite)[/caption] The number of homes available for sale keeps falling lower and lower, despite new construction. This time, it’s Colorado Association of Realtors with the eye-popping statistic: The Denver metro area has 50 percent fewer active listings than one year...
FOR IMMEDIATE RELEASE Record low inventory and consistent sales outweigh bump in new listings across Colorado’s housing market https://coloradorealtors.com/market-trends/ Key findings from the February 2017 research report include: 30 percent increase in new statewide listings offset by strong sales and record low inventory Statewide inventory down nearly 40 percent from one year ago Active listings down 8 percent across the state from January to...