Legislative Advocacy this Week at the State Capitol After another eventful week at the State Capitol, housing legislation has continued to be a top priority with this General Assembly. A handful of Colorado Association of REALTORS® priority legislation made its way through the committee process this week; thank you to our members who testified and reached out to legislators on crucial legislation that...
CAR has become aware of several instances in multiple locations across the state where scammers are reaching out to listing brokers to gain access to listed properties. In the most common scenario, the scammer will attempt to schedule a showing directly with the listing broker while impersonating an active, licensed broker working with a buyer. They will text or call the listing...
After two years of unprecedented growth, the median sales price of a single-family home stayed the same in Colorado but dropped in Metro Denver, though barely. In January 2023, the median sale price was $569,804, down 1.4% from a year ago. Some parts of the state saw an increase in January. In January, the median price of a single-family home in...
As borrowing costs increase, rate dispersion among lenders is growing. Your clients could save up to $1,200 annually by shopping around, experts say. Mortgage rates are inching up, with the 30-year fixed-rate loan increasing to a 6.5% average last week, Freddie Mac reports. Homeownership remains attainable for Americans who can afford a 20% down payment and a monthly mortgage payment of...
Protect your rights to rent your private property, and contact your state legislators to OPPOSE HB23-1115 and AMEND HB23-1171 Members, here is something you can use to alert your rental home owners about bills they should be concerned about Colorado’s rental property owners need to know about the negative impacts of two pieces of legislation making their way through the Colorado Legislature right now: HB23-1115, repealing the...
Legislative Advocacy this Week at the State Capitol CAR Government Affairs is moving ahead with more than a handful of bills with significant impacts to real estate. Housing policy is taking the State Capitol by storm and we need your help to ensure the voice of real estate is loud and clear. CAR initiated a Call for Action to all members on House Bill 1115...
Colorado lawmakers are considering a repeal of the prohibition on local rent control. Colorado Association of REALTORS is opposed to rent control, which would be a huge detriment to Colorado's housing market. If HB23-1115 is passed, this would not only create a patch work of rent "stabilization" ordinances throughout the state, but adverse outcomes by capping the ability for housing providers...
Making the trek from Columbia, South Carolina and climbing more than 5,000 feet in elevation to Denver, Colorado, the Riding with the Brand motorcoach pulled into Denver’s bustling downtown to the fanfare of more than 220 Colorado REALTORS®. REALTORS® from across the state – professionals who serve Colorado’s high country, the beautiful plateaus of our western slope, the open countryside...
Legislative Advocacy this Week at the State Capitol Business at the Capitol picked up last week with multiple REALTOR® watched bills going through committees. Colorado Association of REALTORS® testified on two bills last week; Portable Screening Reports (HB23-1099) andProhibited Agreements in Rental Leases (HB23-1095). CAR testified in opposition of HB23-1099 and testified as an amended position for HB23-1095, both bills passed through house committees but CAR will...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Both home buyers and sellers continue to feel the effects of the Federal Reserve’s interest rate hikes designed to help curb inflation and slow the market, according to the January 2023 Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR). Housing prices across the seven-county Denver-metro area and state continued to fall slightly...