Nationally, pending home sales increased for the first time in six months, and new home sales and mortgage applications are rising. New housing data offers hope that the market slowdown may be short lived. Nationally, pending home sales rose 2.5% in December, ending a six-month slide, the National Association of REALTORS® reported last week. New-home sales also rose 2.3% last month,...
The decision ends a Department of Justice inquiry into the association’s Clear Cooperation Policy and participation rule. On Wednesday, a federal judge granted the National Association of REALTORS®’ petition to end a Department of Justice inquiry into the association’s Clear Cooperation Policy and participation rule. NAR filed the petition in September 2021 after the Department of Justice announced it was backing out of...
Legislative Advocacy this Week at the State Capitol The third official week of the session has wrapped up with more bills moving through the legislative process. The Colorado Association of REALTORS® is tracking around 31 bills relevant to the real estate and business community; we anticipate more housing-related bills to be introduced in the coming weeks. As always, Colorado Association of REALTORS®...
Legislative Advocacy this Week at the State Capitol The 2023 legislative session kicked off on January 9th and there are already 120 introduced bills. It is going to be a very big housing legislative session and our Legislative Policy Committee members will be very busy reviewing lots of legislation this year. In fact, in the Governor’s State of the State Address...
The Governor’s theme “Colorado for All” includes a focus on affordable housing, an issue he says he’s heard throughout the state. At his swearing-in ceremony on Tuesday, January 10th, Polis said the increase in home prices is part of the reason he’ll be calling for changes this year. “We really want to lean into removing some of the barriers that exist to...
A long-term, frenzied housing market shifts in second half of 2022 https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – The robust, fast-paced real estate market that has dominated Colorado for the past several years and into the first half of 2022 changed significantly in the second half of the year and was punctuated by a December freeze that saw new listings fall to all-time lows statewide,...
It is with sadness that we share the passing of Linda Philpott. Linda was a dedicated volunteer and a fixture on many committees and boards, and at events at the local, state, and national level. Linda is well known for her genuine love and commitment to the REALTOR® association, and every volunteer commitment she made was in the spirit of...
CU’s 2023 Colorado Business Economic Outlook report provides mixed forecasts about the housing market, construction, infrastructure, and the labor market. A few highlights from the forecast: Inflation The story for 2022 was inflation. The story for 2023 will be inflation. “But the high rate may have crested; we’re seeing a slowing of price growth,” said Richard Wobbekind, Associate Dean Business and Government Relations...
On Friday, December 23, the U.S. House of Representatives passed the FY 2023 Omnibus spending package, narrowly avoiding a shutdown and funding the federal government through September 30, 2023. The $1.7 trillion spending package includes funding for agency programs and initiatives important to real estate, including: Reauthorizing the National Flood Insurance Program (NFIP) through September 30, 2023; $86 million for HUD Fair...
As life-threatening weather events grow in frequency, our homes, in turn, are becoming more vulnerable. From floods, hurricanes and severe winter storms to droughts, wildfires and extreme heat, residential communities face a growing number of climate-related threats. The more REALTORS® know about extreme weather risks, the better equipped they’ll be to help prospective homebuyers navigate the troubled waters of purchasing a...