Fort Collins REALTOR® Chris McElroy has been announced as one of NAR’s newest Distinguished Service Award recipients, the highest honor bestowed on a NAR member outside of presidency. In 1994, McElroy served as president of CAR, and in 2000, he was named Colorado REALTOR® of the Year. His track record as a leader goes back more than 40 years. Chris...
CAR’s March Market Trends showed that Fort Collins has a huge number of possible homeowners who are offering tens of thousands of dollars over the asking price. CAR spokesperson Chris Hardy says that the multiple offers and large amounts of money that are coming from competing buyers are "just to have a shot at catching the seller's eye and having...
Congratulations to firms that had at least 75% participation rate, and in some cases 100% completion rate, for NAR’s Fairhaven Challenge during Fair Housing month! These single-, small-, and medium brokerages put their fair housing law knowledge to the test by completing the online simulation. These companies will earn some sweet Fair Housing merchandise. CAR’s Diversity and Inclusion Committee congratulates the following Firms Medium-Size Firms With 100%...
CAR’s Diversity & Inclusion Committee would like to celebrate its Fair Housing Champions for completing ALL FOUR EVENTS in Fair Housing Month 2022. Congratulations! Adam Priestley, Aline Pitney, Amanda Edmondson, Brenda Hindmarsh, Brian Kinkade, Brittany Harrison, Carolyn Witt, Cathryn Stano, Cecilia Montalvo, Daniel Preshaw, Debora Miller, Derek Camunez, Donald Potter, Elizabeth Blevins, Hilary Priestley, Jason Witt, Jenelle Meyer, Jennifer Sanchez, Kay Watson,...
Land Title Association of Colorado and the Colorado Association of REALTORS® have become aware of a new fraudulent scam that has quickly become more prevalent in the last month. In most instances it includes VACANT LAND. A fraudster locates a property and impersonates the owner of the property. They list the property for sale (typically as a “FSBO”) on...
Our REALTOR® family has suffered a great loss with the passing of Janet Scavo on April 28, 2022. She was a ground-breaking leader in the real estate industry and association. She served as CAR’s first woman President in 1984 and was Colorado’s first delegate to receive NAR’s Distinguished Service Award, which is the ultimate recognition for the dedicated REALTOR® who has always set themselves apart...
Mortgage rates are over 5%, and the federal interest rate hikes are doing what they were intended to do, according to CAR Spokesperson Kelley Moye. “Interest rate increases are slowing everything down.” She says that double-digit price hikes are a thing of the past: “We won’t see another 20% price increase like we did last year. We’re seeing fewer showings on the weekend, we’re seeing...
Home prices in Aurora have risen $100,000 since March of last year, but due to interest rate increases, the market is cooling just a bit. For sellers, this means “things are starting to balance out just a little bit, so you have to be a little more realistic,” says CAR Spokesperson Sunny Banka. She says a recent listing took two weeks to sell and...
Legislative Advocacy this Week at the State Capitol Breaking news on HB-1287 Mobile Home Park Legislation (Rent Control) Late last Friday evening, the state House, during their second reading on the House Floor, an amendment was added to the bill that removed rent control from the legislation. CAR, in earlier committee testimony submitted to the legislature, advocated removing this section. The amendment improves the legislation by removing...
Both property owners and renters are beginning to see the benefits of Accessory Dwelling Units (ADU’s) in Denver. The cost to build the units depends on whether they are renovated from a stand-along garage or built from the ground up and is anywhere from $110,000-$250,000. Property owners receive anywhere from $1,500-$2,000 per month in rent and appreciate the convenience of being able to make quick...