Recent home listings in the Marshall Fire Burn areas are still selling over the asking price in a short time. There were 17 homes under contract that sold within two days of being on the market. The language in the listings reads differently than it did two months ago. “Instead of the remarks saying, ‘Great house, open space, and views,...
The Colorado Association of REALTORS® announced their participation in the Coloradans for Energy Access, which is a coalition to support the use of affordable, cleaner-burning natural gas in homes and businesses. Colorado is considering prohibiting consumers from using natural gas use and opting for electricity, which is considered environmentally friendly. CAR CEO Tyrone Adams joins other business leaders in advocating...
Legislative Advocacy this Week at the State Capitol The Affordable Housing Transformative Interim Taskforce Releases Its Report This week, the Affordable Housing Transformative Task Force that worked through the summer released their final report to the General Assembly.These recommendations will be the beginning of an advocacy and legislative process to determine how we spend the remaining federal ARPA (American Rescue Plan Act) housing dollars...
Despite the historic jump in prices seen in 2021, the dizzying pace at which homes are selling for over the asking price with multiple offers in a short time frame could lessen if the interest rates go up. “An uptick is probably good for the market to quell rampant appreciation," said CAR spokesperson Chris Hardy. "But for some folks it...
Legislative Advocacy this Week at the State Capitol CAR Legislative Policy Committee Takes First Policy Positions HB22-1051- Support-This legislation extends CHFA's income-tax credit program from December 2024 to December 2034. It will also increase the annual cap from $10 million to $15 million beginning in 2023 until the 2034 expiration of the program. Between 2015 - 2021, the state Affordable Housing Tax...
Legislative Advocacy this Week at the State Capitol Welcome to the Second Regular Session of the 73rd General Assembly Welcome back to public policy season. On Wednesday, the Legislative Session commenced and we will be working on important policy at the Capitol related to REALTOR(R) Party issues for the next 120 days. The Legislative Policy Committee (LPC) will begin reviewing bills next week, so if you...
Application process now open to displaced residents ENGLEWOOD, CO – The Colorado Association of REALTORS® Foundation has been awarded a $2 million grant from the REALTORS® Relief Foundation to be distributed to victims of the December 2021 fires that ravaged Boulder County, destroying more than 1,000 residential properties. Funded through donations from REALTORS® and REALTOR® organizations and administered by the Colorado Association of...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Record-low inventory combined with insatiable buyer demand drove housing prices to record highs in markets across Colorado in 2021, according to the December data and year-end analysis from the Colorado Association of REALTORS®. The resulting activity, prevalent from January through the end of the year in markets across the state, made it nearly impossible to define any...
As we all know, the public’s increased time at home led people to buy homes or more square footage, according to a study by economists at the Federal Reserve Bank of Kansas City. Even after the pandemic, people are spending 5% more time at home, “which correlates with a nearly 4% increase in home prices found in most of the...
More than 3,000 people have joined the Facebook page, Marshall Fire Housing Needs and Availability, created by REALTORS® Susan Schliep and Amanda DiVito Parle. Schliep got the idea while driving home and remembering what her parents experienced after losing their home in Grand County’s East Troublesome fire in Oct. 2020. “Fourteen months after the East Troublesome and only two homeowners have rebuilt. And they got after...