Inventory Slowly Improving During First Five Months of 2015 Housing values continue to rise throughout the state according to statistics reported today by the Colorado Association of REALTORS®. Highlights of the Association’s May statistical reports include: The median price for a single-family home increased to $310,000, up 13 percent from a year ago and for a condominium or townhouse it rose 16...
Mark Trenka will be the Chair-elect for the 2015-2016 leadership year after a close run-off with fellow candidate Ann Hayes. "I am extremely proud of both candidates and the high level of professionalism they exhibited during the run off," said David J. Barber, 2015 CAR Chairman. To ensure the voting results were accurate, calculated in a fair manner and followed BOD approved CAR...
Featured in Inman News on May 20th, the Down Payment Resource program is capturing the attention of real estate professionals and consumers alike. To see the full article in Inman News, click here. Although 87 percent of homes qualify for down payment assistance, many potential homebuyers have no idea that they may be eligible for programs that could save them thousands...
As Colorado property owners have been receiving their 2015 tax assessments this spring, they can point to a steady increase in the price of homes sold in Colorado over the last several years as the cause for somewhat dramatic increases in their property valuations. Home values throughout the state continued to move upward in April, extending a pattern that began...
NAR has officially approved the merger of the REALTORS® of Central Colorado and the San Luis Valley Board of REALTORS®. The merger was official as of April 1st. The association will retain the name REALTORS® of Central Colorado, Inc. Territorial jurisdictions will be within thecounties of Chaffee, Alamosa, Costilla, Rio Grande, Conejos, and Saguache Counties and a portion of Mineral County...
DENVER – On Wednesday, March 18, Mayor Michael B. Hancock testified at the Colorado State Senate Business, Labor and Technology Committee hearing on SB-177, Construction Defects Legislation. The Mayor testified in favor of the proposed legislation, and articulated how the bill is critical to remove barriers and help Denver provide its residents with access to safe, decent, affordable housing in a...
Mark Trenka chair of the Colorado Association of REALTORS Legislative Policy Committee testified before Colorado law makers earlier this week regarding Colorado's construction defects law. This big hurdle prevents building more entry-level housing, and is a defect in state law that exposes home builders and homeowners to a high risk of expensive, time-consuming litigation. It has created a climate that puts the chill on new...
CAR Past President and REALTOR® of the YEAR C.V. LeForce passed away on March 2. Friends and Family will hold a memorial service in California. C.V. served as PPAR President in 1969, was elected CAR President in 1976, and was honored as REALTOR® of the Year in 1981. C.V. also served as Director of the National Association of REALTORS® Political Action Committee for several years, and...
Colorado Housing and Finance Authority (CHFA) announced this week that it is now offering its down payment assistance for homebuyers in the form of a non-repayable grant. The program will provide qualified borrowers with down payment and closing-cost assistance for up to 5 percent of the purchase price of a home.With Colorado home prices having increased by six percent in 2014...
Don Flynn, who has served as CAR's CEO/CFO for the last three years, has tendered his resignation to accept an exciting key leadership position within the Move, Inc./Realtor.com industry relations organization. Don will be one of two Vice Presidents of Industry Relations, responsible for working with state and local REALTOR® associations to make sure your voices are heard by Move...