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...
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...
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...
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...
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...
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...
Denver ranks second in the nation for the number of homes sold for over the asking price at 70%. The San Francisco Bay area was tops at 82%. In March 2021, the Denver statistic was 66%, and in March 2020, the number of homes that sold over the list price was 59%. “I wouldn’t speculate that every house went above...
CAR's April Market Trends Report shows that interest rates are curbing the number of offers on homes. However, prices are staying about the same, and now the state and metro area median home prices are almost the same. Statewide, the median price is $600,000, versus $660,000 in the seven-county metro area. According to CAR Spokesperson Sunny Banka of Aurora, "We are...
Legislative Advocacy this Week at the State Capitol Latest News on Green Energy Legislation HB 1362: Building Greenhouse Gas Emissions: (LPC Position: Amend) Sponsored by Reps. Tracey Bernett, Alex Valdez, and Sens. Chris Hansen, & Faith Winter STATUS: sent to Governor Polis Summary and Background: The original bill granted the Colorado Energy Office rulemaking authority to create statewide green building codes for electrification and solar capacity,...