Legislative Advocacy This Week at the Capitol We are entering the second week of the budget process; the budget is scheduled to pass the House on Monday, then head its way to the Senate to go through the committee process again and floor, and ultimately makes its way to the Governor's desk. The big items lawmakers are focusing on in the...
Dear Members,Your Colorado Association of REALTORS® (CAR) Leadership Council and Board of Directors have heard from many of you, our members, who have asked CAR to address the March 15th announcement by the National Association of REALTORS® (NAR) of an agreed settlement with the class action plaintiffs.The NAR settlement represents a very significant development for REALTORS® throughout the country. If...
Legislative Advocacy This Week at the Capitol CAR is on day 76 of the 120-day state legislative session. The week of March 25th is officially the start of the legislature's budget-setting bill, known as the 'Long Bill'. The limited 2024-2025 fiscal year budget is projected to create existential hurdles for legislation with large state expenditures. The annual budget bill will be...
Legislative Advocacy This Week at the Capitol Last Friday (3/15), the quarterly state revenue forecast was released, which allows legislators to finalize the state budget for 2024-25 and determine what funding, if any, is available for programs within 2024 legislation. This is the last revenue forecast of the 2024 legislative session and now legislators will begin hearing and evaluating bills in Appropriations...
https://www.coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – New listings continued to fill the housing pipeline as the spring selling season ramps up and sellers step off the sidelines, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis from the Association’s spokespersons across the state. February’s 3,807 new single-family listings in the seven-county Denver metro area represented a...
Legislative Advocacy This Week at the Capitol The Colorado Association of REALTORS® is past the halfway point in the 2024 legislative session. Bill introductions are starting to slow down, but more can be expected. CAR is strongly supporting SB-106 because it has the potential to correct issues underlying the lack of entry-level housing construction and is opposing HB-1300 because it would...
Legislative Advocacy This Week at the Capitol The Colorado Association of REALTORS® is now in its 55th day of the 120-day legislative session. Just over two-thirds of all introduced legislation originated in the state House of Representatives, and we expect to see more bills introduced with late status. This week holds two high priority bills highlighted below with the links you...
Support Right to Remedy Construction Defects Colorado needs more affordable and attainable housing options and legislators can act now to address this challenge. SB24-106 - Right to Remedy Construction Defects - addresses right-to-remedy, informed consent, and negligence per se. This bill will be heard in the Senate Local Government & Housing Committee at 2pm MT on March 5th. These much-needed reforms will help...
Congratulations to the 17 CAR members who were inducted into the NAR Hall of Fame! The Hall of Fame recognizes dedicated members who have made a significant commitment to RPAC over the years by investing an aggregate lifetime amount of at least $25,000. If you would like to know more about NAR's Hall of Fame or RPAC, reach out to govaffairs@coloradorealtors.com ...
Legislative Advocacy This Week at the Capitol We are on the 48th day of the state’s 120-day legislative session. The Colorado Association of REALTORS® has 70 bills in its stack out of the 541 total introduced. CAR is advocating to protect homeowner equity and private property rights in many bills this session and is anticipating long-term property tax relief solutions the Property Tax...