According to Denver’s Housing Authority stats from 2001, median-home prices were $233,160, which is also the last time the Colorado Avalanche won the Stanley Cup. Fast forward to 2021’s hockey championship season, CAR’s May Market Trends report shows the statewide median price is $600,0000. In 2001, Nokia-brand cell phones were popular, and Apple produced its first-ever iPod.
https://www.denverpost.com/2022/06/13/colorado-avalanche-stanley-cup-2001-pop-culture/
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Colorado REALTORS® noticed a new turn in CAR’s Market Trends: “I think we hit a peak in late March or early April,” said Aurora REALTOR® and CAR Spokesperson Sunny Banka, who is getting about 25 emails a day about home price reductions. “What I’m paying attention to is how drastically the average price has changed,” said Denver REALTOR® and CAR...
A recent community meeting about a proposed apartment building in Longmont brought about a pain point between the balance of having enough housing in the growing city and creating more diverse types of housing. More people in Longmont own their own homes rather than rent, however, many new apartments are being built. While rent payments can cost up to $1,800...
The Colorado Affordability Index, made available by CAR, showed a record low of 52 points out of 100. The index compares the median wage for workers to the median home price. A buyer with a median wage would need to supplement their income by about 48% to afford a home. “Affordability is far beyond what the local population can support,”...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – Buyer trepidation fueled by rising interest rates and inflation fears continued to contribute to an improving bottom line for housing inventory and helped keep median pricing relatively flat across the seven-county Denver-metro area and in markets statewide, according to the May 2022 Market Trends Housing Report from the Colorado Association of REALTORS®.
New listings for single-family homes and...
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...
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...
Five REALTORS® across Colorado recognized as REALTORS® with a Heart
https://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...
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...
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...
