Home prices have appreciated 11% since the beginning of the year according to CAR’s Market Trends report for August 2022. CAR Spokesperson Kelly Moye says, “A housing recession would mean more inventory than demand from buyers, so your supply and demand would be out of whack--it would be out of balance. And prices would be going down…” The recurring interest...
CAR’s August Market Trends report shows most median home prices in Colorado are up 10 % from last year’s numbers. Despite higher interest rates, multiple cash offers are a thing of the past. “It’s a great, great opportunity,” said CAR Spokesperson Matthew Leprino. It’s better than it’s been in three years for buyers. Yes, interest rates are higher, and prices...
Homeowners are realizing that lush, green lawns are getting harder to maintain in Colorado. Having a green lawn has been a status symbol since the 1500s and even has the reputation of forecasting the homeowner’s moral character, which was then reinforced by homeowner’s associations. The grass we know today was originally brought from Europe and North Africa. Some REALTORS® have noticed...
Eagle County down payment assistance gets funding boost from the Vail Board of REALTORS® and the Colorado Association of REALTORS® Foundation Colorado REALTORS® continue to show their commitment to finding and supporting workforce solutions in the Vail Valley by contributing $10,000 in grant funds issued to the Eagle County Housing and Development Authority (ECHDA), made available by the Colorado Association of...
ENGLEWOOD, Colo. – The Colorado Association of REALTORS® (CAR), the state’s largest real estate trade association representing more than 30,000 members statewide, has announced Representative Shannon Bird (D-Westminster), and Representative Marc Snyder (D-Manitou Springs) as its “Legislators of the Year” for 2022. As a part of its annual recognition program, CAR extended thanks to Governor Jared Polis and honored Eleni...
A REALTOR’S® client in Boulder recently bought a home in two days, close to the listed price, with a home inspection, with a contingency agreement on the sale of her current home, and with no appraisal gap. CAR Spokesperson Kelly Moye said, “That was a contract we haven’t seen in a really, really long time, and – it was refreshing.” “She...
Four neighborhoods in Southwest Denver - Bow Mar, Westwood, Harvey Park, and Barnum - saw more flip sales in 2021 alone when compared to the last decade, according to Denver property sales data. 2022 is on track to break that record. Overall, there were more home sales in 2021, but CAR Spokesperson Matthew Leprino commented on the data: “The 120-day threshold...
Percent of list price received on home purchases dips below 100% for the first time since 2020 https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Rising interest rates and traditional seasonal slowdown continued to pump the brakes on the metro area and statewide housing markets as potential buyers found a few more options to choose from and a few more days to think about their potential...
If approved by Colorado voters, the fund would provide grants to local governments and loans to nonprofits for developing land for affordable housing; create homeownership programs that provide down-payment assistance; create grants for local governments to fully capacitate applications for zoning and land use permits; and much more. As of Aug. 19, the Colorado Secretary of State’s Office announced that the...
The Pueblo real estate market experienced an 18.2% reduction in home sales for July, but sales are still up 14.8% for the year. CAR Spokesperson David Anderson, a Pueblo REALTOR®, saw a lot of sellers overprice their homes over the last month, which lead to a lot of price reductions.” The problem with that,” he says, “is they never catch...