Since January 2021, the number of homes for sale has dropped by almost half for the same time in 2022. According to CAR’s Market Trends Report, across Colorado there are 4,151 single-family properties listed, which is a 44.5% decrease. CAR Spokesperson Kelly Moye said there are “…eight new listings for the entire month of January in Broomfield. Eight listings. That...
Highs and lows continue in the housing market in Colorado. “We have tied last month for the historic, lowest amount of inventory on record," said Matt Leprino, CAR spokesperson. Denver had 1,400 homes for sale for Dec. 2021 and Jan. 2022, which is a 60 percent reduction from last year at this time. “The median home price went up 19% in just one year...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Despite a nice, but expected seasonal uptick in the number of new listings that came to the Colorado housing market in January, a strong month of pending/under contract activity quickly gobbled up available inventory, once again keeping active buyers pushing the limits of their budgets and patience, according to the January data from the Colorado Association of REALTORS®. While the volume of...
Many ideas await the recommendations from legislators on how to spend $400 million of COVID-relief money on how to make housing more accessible to more people. “We’re all saying it: This is a once-in-a-lifetime chance to make investments in housing that we would never as a state be able to make in our own,” said Cathy Alderman, chief communications and policy officer for the Colorado...
Legislative Advocacy this Week at the State Capitol HB 1006 is supported by the Legislative Policy Committee (LPC) because it will help property owners that lease have the ability to get a property tax exemption for childcare. We think that this is a good public policy change that will help increase daycare and childcare centers in commercial buildings that might be...
Families renting homes, apartments, and hotel rooms because they lost their housing in the Marshall fire are struggling to make rent payments. Because some renters are still waiting to hear if property owners will pay to clean smoke and ash residue from their apartments, they are living in limbo, with remediation priced at thousands of dollars. During this challenging time, the Colorado Association of REALTORS®...
New Coloradoans and the state’s stay-at-home orders during the pandemic have combined to form an unprecedented amount of growth in home values and scarcity in 2021, according to CAR’s 2021 Year-End Market Trends Report. The overall median single-family home price across Colorado went up 32% between 2019 and 2021. “In 2019, we were starting to see a plateau in the real estate market with appreciation...
The National Association of REALTORS® is accepting applications for the 2022 Good Neighbor Awards. This award recognizes REALTORS® for their extraordinary impact in their communities through volunteer service. Colorado’s own Bob Bell and his nonprofit Food for Thought was awarded $10,000 in 2021 for feeding more than 10,000 students lunch each week. He and others have made an extraordinary impact in...
Colorado lawmakers aim to help address the state’s affordable housing crisis by proposing $4 million in loans to buyers and local nonprofits and governments to assist in attaining and building affordable housing. The dollars come from the American Rescue Plan Act and Colorado's Affordable Housing Transformative Task Force and Subpanel. “There will be opportunities for CAR and other stakeholders to...
For homeowners affected by the Marshall fire, the time between the disaster and receiving much-needed federal and insurance dollars is uncertain. “it’s the hardest, darkest period that these victims have to walk through,” said CAR Foundation Executive Director Amy McDermott. “Our hope is that this funding can bridge that gap.” The Foundation has received over $2 million to give to homeowners during this time, and...