Colorado Association of REALTORS | REALTOR News
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REALTOR News

Black Coloradoans Still Have Harder Path to Homeownership

According to the recent NAR report on the homeownership gap, only 43% of Black Americans can afford to buy a typical home, compared with 63% of white Americans and 54% of Hispanics. In Colorado, about 48% of white residents can afford to buy a typical home while 30% of Black and 32% of Latino people could afford homes here. CAR Market...

2022 CAR Election Results

We would like to thank all the candidates who raised their hand to be a candidate for 2022-2023 CAR leadership positions. For those of you who were not elected, you are still a valued leader and member of the association. We strongly encourage and hope you stay involved in CAR. The following are the results for the 2022-2023 CAR Leadership Elections: Chair: Natalie...

Grand Junction REALTOR® Brenda Case Wins Colorado’s Heart Award

Five REALTORS® across Colorado recognized as REALTORS® with a Heart https://www.coloradorealtors.com/heartaward/ FOR IMMEDIATE RELEASEJune 1, 2022      Contact:   Amy McDermott Executive Director, CAR Foundation(303) 785-7131 or (303) 790-7099 ENGLEWOOD, CO– The Colorado Association of REALTORS® (CAR) Foundation has named Grand Junction REALTOR® Brenda Case the recipient of its 2022 Colorado’s Heart Award in recognition of REALTORS® serving their communities with distinction. In honor of her selection, the...

‘Functional Zero’ Homeless Veteran Status Achieved in Fremont County

There are fewer than three veterans experiencing homelessness on any given night in Fremont County, thanks in part to a designation they received from Built for Zero, Community Solutions. The designation helped homeless organizations in the county expand their services. Some of the risk factors for homelessness are scarce and expensive housing. The median sales price for a home in...

Percentage of Institutional Buyers Growing In CO

NAR released a report that shows that 14% of residential homebuyers in Colorado are considered institutional buyers. Owners who sold to institutions liked the speed of transactions, cash offers, and additional services like lease-back options. The percentage of institutional buyers in 2020 was 11.8% and in 2021, 13.2%. Colorado was among the states with the fastest amount of growth in...

HB 1282 Means Affordable Housing

Gov. Polis signed HB22-1282 on May 20, which allows for building high-quality, attainable modular and 3-D printed homes. “When Colorado leads the nation in driving innovative policy that creates new affordable housing units across the housing continuum but also brings new jobs to our state it’s a win-win for Colorado and the Colorado Association of REALTORS® are proud to see...

Half of the Lower 48 States in Danger of Wildfire

A new study shows that half of all addresses in the lower 48 states face wildfire risk. In some less-populated states, including Wyoming and Montana, more than 90% of properties are at-risk. “Frightening assessment,” said CAR’s Colorado Project Wildfire Chair Ulrich Salzgeber. A prediction model put together by the First Street Foundation, a nonprofit research and technology group, shows that...

Report: Rental Market Just as Competitive as Home Sales

Some property owners are raising rents 20-50 percent in the Denver Metro Area. The number of renters has increased, too. “It’s incredibly competitive," said CAR Spokeswoman Kelly Moye. "It’s just like if you’re buying homes. Most renters are dealing with competing with 50 to 60 other applicants." She said she recently had 64 applicants in less than 48 hours for...

CAR Foundation Still Taking Applications for Mortgage & Rent Relief for Fire Victims

The Colorado Association of REALTORS® is still offering grants to individuals who were affected by the fires in the Boulder/Superior area last January. Those who need to pay their mortgage or rent are encouraged to apply through April 8 (or until the fund is depleted). More than 466 applications have come into the CAR Foundation offices and %563,831 has been disbursed. “With the contributions from our...

Interest Rates Change, Sale Prices Stay, Balance Predicted in CAR’s Housing Affordability Index

REALTORS® across the state report the tides are turning in Colorado’s hot housing market, however, the prices are not, according to CAR’s April Market Trends report. In April, the statewide average home sales were $747,226 for a single-family home and $578,237 for a townhome or condo. Summit County data showed that 81% of homes in the county were priced at over...