Colorado Springs REALTOR® Eddie Hurt remembers his home being destroyed in the 2012 Waldo Canyon: “In 2012, Colorado Springs home prices had been declining but leveled off by 2012 so that helped folks have sufficient insurance coverage,” he recalled. Fast-forward to 2022, and real estate in both the Colorado Spring and Boulder areas have seen home prices increase by about...
In addition to the historic low inventory in housing in Colorado, homeowners affected by the fire cannot rebuild quickly enough. “It’s going to take forever,” said Kelly Moye, CAR spokesperson and Boulder REALTOR®. A home in the Denver metro area that once took 5 months to build now takes 10 months. In what the Associated Press is calling “Pandemic-era challenges,” the obstacles to rebuilding include labor...
A new art exhibit at the Aurora History Museum depicts the lives of those who are living in hotels or their cars, in addition to those living on the street. The goal of the exhibit is to show the reality and humanity of the homeless. Housing insecurity has increased in Aurora where CAR reports show the median sale price of...
The Aspen Board of REALTORS® (ABOR) has filed suit against the City of Aspen and each member of the Aspen City Council in response to an Aspen City Council emergency ordinance adopted on December 8 that put a hold on residential development and short-term rental licenses. ABOR’s complaint argues that the City Council did not follow due process and deprived public involvement, violating Aspen’s home-rule charter...
As we all learned last week: “Unfortunately, wildfire doesn’t happen in ‘just the mountains,’” says Sarah Thorsteinson, Executive Director of Summit REALTORS® and Vice-Chair of CAR’s Colorado Project Wildfire (CPW). “No trees are needed. Embers fly in the wind, and every bit of land between Wyoming and New Mexico is part of the Wildland Urban Interface (WUI), which is...
Colorado REALTORS® and disaster relief organizations worked swiftly in the early hours of the disaster to find housing for those displaced by the fire. REALTORS® Amanda DiVito Parle and Shannon Schliep launched the Marshall Fire Housing Needs and Availability Facebook page. Knowing that Boulder’s real estate inventory only had less than 2,000 homes and rental units available, they knew they needed to act fast: “I think initially...
Although authorities have only begun to assess the damage left behind by the Marshall and Middle Fork fires in Boulder County communities, we now know upwards of 990 homes have been destroyed, and hundreds more damaged, leaving thousands of people scrambling to find a place to live in a real estate market with few choices. Several Colorado REALTORS® even lost their own homes in the...
Three different Colorado REALTORS® are featured in NAR’s “First-Time Buyer” which is streamed on Hulu. The show, an NAR-produced program in its second season, showcases the obstacles first-time homebuyers face with the guidance, expertise, and confidence provided by their REALTOR®. The REALTORS® in the episodes dealt with taking their first-time homebuyers through multiple offers; newer vs. old builds; and helping a family with a pig...
REALTORS® in Routt County are finding ways to put people in homes despite the low inventory and median sales price. Steamboat Springs REALTOR® Marci Valicenti said that since COVID, “people realized that (their) home was never more important.” She and other REALTORS® have found it helpful for clients to learn about cash offers, cut-off dates, and multiple offers. They also make sure to show clients...
CAR Family – Although the Marshall and Middle Fork fires continue to burn across Boulder County and the surrounding communities, our leadership team has been working with local association leaders and your CAR Foundation to take some initial steps in support of the thousands of wildfire victims. Beginning immediately, you can make financial contributions to the CAR Foundation using the link below. This is...