3 Things to Know New Homeowners’ Insurance Enterprises. "Increase Access Homeowner's Insurance Enterprises" (House Bill 1302)—a bill that passed its first committee last week, is on our radar and should be on yours as well. The bill creates two new state enterprises aimed at protecting homes from wildfire and extreme weather: the Strengthen Colorado Homes Enterprise (which will fund grants to...
Affordability remains a challenge amid higher interest rates and economic uncertainty https://www.coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – With an influx of new listings and inventory of active listings well above where housing inventory stood a year ago, the longer-term march toward a more balanced buyer seller market continued in the past month, according to the latest Market Trends Housing Report from the Colorado Association...
“2025-26 State Budget Edition” First, the Colorado Association of REALTORS® (CAR) helped recently defeat a bill where a single transaction could have resulted in a Colorado Consumer Protection Act (CCPA) claim against a REALTOR® with severe penalties. Senate Bill 157 “Deceptive Trade Practice Significant Impact Standard” would have reduced the public impact test threshold to “having the capacity to injure” the...
3 Things to Know Colorado American Dream Act. Yesterday, “Construction Defects & Middle Market Housing” (House Bill 1272) passed in committee with an overwhelming vote of 12-1, marking a significant step forward in expanding the availability of starter homes. The bill strikes an important balance between protections for homeowners and builders, introducing thoughtful reforms to construction litigation that can help reduce...
3 Things to Know Protecting REALTORS® From Civil Lawsuits. CAR General Counsel Scott Peterson testified in strong opposition to “Deceptive Trade Practice Significant Impact Standard” (Senate Bill 157) because it is attempting to lower the “public impact standard” within the Colorado Consumer Protection Act (CCPA) to a single person’s claim that an act or practice could injure the larger public. This...
https://www.coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – February brought another influx of housing inventory to markets across the Denver-metro area and state however, new and growing inventory outpaced the pending and closed sales driving active listings higher, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis from the Association’s spokespersons across Colorado. A growing pool of...
3 Things to Know Homeowner Incentives for Wildfire Mitigation: “Risk Model Use in Property Insurance Policies” (House Bill1182) would provide homeowners personal wildfire risk scores - along with a breakdown of how those scores were determined, what impact the scores have on their premiums, and what actions they or the state should take to mitigate risk. But that’s not all! This...
3 Things to Know FAIR Plan Prepares to Issue Policies in Colorado. In May 2023, House Bill 1288: Fair Access to Insurance Requirements Plan, was signed into law, establishing a FAIR Plan in Colorado. Designed to offer basic homeowners’ insurance to those in high-risk areas where private insurers may be unwilling to provide coverage—think states like California, Florida, and Hawaii—the FAIR...
3 Things to Know Unveiling of HB-1272: Construction Defects & Middle Market Housing.Exciting news for Colorado’s housing market! Yesterday, House Bill 1272—a new bill aimed at expanding the supply of entry level, attainable homes—was introduced, and it comes with important protections for both homeowners and builders alike. The bill introduces fair and balanced reforms to construction litigation, ensuring that high-quality homes...
3 Things to Know Housing Bill Heads to the Governor: House Bill 1019 “Third-Party Administration of Division of Housing Programs” allows outside groups like nonprofits to help administer programs that provide a number of services including rental assistance, housing vouchers, and case management for individuals at risk of homelessness - is set to be signed by the Governor. These programs will...