REALTORS® from the northernmost Colorado counties are still seeing the same number of listings despite other areas of the state, according to October’s Market Trends reports. Statewide, the number of new listings dropped 20% from September to October 2022. There is a different story to tell in Morgan County. The number of days on the market is taking longer, however, the average...
The members of the Colorado Association of REALTORS® were saddened to learn of the mass shooting that occurred this past weekend in Colorado Springs and are heartbroken at the needless loss of life. We will remember and honor the lives of those we lost, as well as the lives that have been changed forever as we stand strong against all...
Realtors with big hearts helping veterans one room full of furniture at a time Congratulations to CAR Past President and longtime Colorado REALTOR® Scott Matthias for being recognized as a Denver7 Everyday Hero for his work with Knock Knock Angels, a nonprofit dedicated to sourcing donations for those who have gone through abuse, homelessness, or other instability. Scott helped found the Colorado...
Overall, CAR’s October 2022 Market Trends report shows more homes on the market—along with a longer amount of time on the market. There were 5,670 homes sold across the state, which is down 17% from September 2022. The median sale prices have decreased by 2% since September, and are listed at $550,000 “Despite higher home mortgage rates, home buyers now have...
CAR’s Market Trends Research reported that in Colorado Springs, the median price of homes sold in October increased by 4.3% to $465,000 since last year at the same time. Compare that number to the number of home sales, which decreased by 33%, from October 2021. Colorado Springs REALTOR® and PPAR President Anne Kidd has one option for sellers: "You can't change...
The Common Sense Institute released its report on “Adapting Colorado’s Water Systems for a 21st Century Economy and Water Supply.” “Water has been and remains an important issue that will affect housing development,” said CAR’s VP of Public Policy Liz Peetz, who also serves on the Board of Directors for the Common Sense Institute. “We need more than one approach to...
A recent Home Affordability report from Common Sense Institute showed that the affordability of purchasing a home in Colorado is at its lowest point since 1989. “Due in large part to the cost of housing, Colorado is an increasingly expensive place to live,” said Dr. Steven Byers, CSI Senior Economist. “With increased prices and rising interest rates, the affordability of purchasing...
The number of homeowners who challenged their property tax assessments in 2022 was cut in half when compared to those in who challenged their assessments in 2017, according to a recent investigation. Some assessors in metro area counties believe the data from Zillow and Redfin are helping to show homeowners the rise in home values, resulting in the acceptance of...
Today, a great public servant will lay in state in Colorado. Representative Hugh McKean was a hard worker who always brought common sense and logic to a building and conversations that can be very challenging at times. Foremost in his mind were his constituents and the people of Colorado. As a minority leader of the Republican House caucus, he faced internal adversity...
Congratulations to CAR members who have been selected to serve on NAR Committees and Board for 2022/2023. Please see below a list of Colorado REALTORS® and association staff listed in alphabetical order by last name. Milford D Adams: Fair Housing Policy Committee Tyrone Adams: AEC Recommendations and Recognition Advisory Board Brian E Anzur: Board of Directors Large Association Representative, Insurance Committee Windy Bailey: Fair...