https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/
ENGLEWOOD, CO – With the inventory of active listings down 40% to more
than 70% in markets across the state compared to a year ago, potential home
buyers are facing record-setting appreciation and median pricing in the face of
all-time lows in active listings and months supply of inventory, according to
the February 2022 Housing Reports from the Colorado Association of REALTORS®.
Despite a month...
Two of CAR’s 2021-22 leaders were featured on different NAR podcasts this week. CAR Chair-Elect Natalie Davis spoke about the association’s role in creating opportunities for diversity, race, and inclusion, while CAR Past President George Harvey, gave his thoughts about the future of short-term rentals in resort towns.
As part of NAR’s
Drive podcast on Spotify, Natalie Davis discussed both national...
The popularity of
multigeneration living is in flux throughout the nation, according to two
recent reports. Colorado, along with Arizona and Nevada, had the largest
increase in multigenerational households, which is defined by three or more
generations who live in the same home. From 2014 to 2019, that increase went up
12.34 percent across the three states, according to a study from LendingTree. The
NAR’s Home...
Legislative Advocacy this Week at the State Capitol
Wildfire Legislation At the Capitol
There are a plethora of wildfire bills at the Capitol this year, whether it's matching local grants, changing insurance coverage after disasters, helping to cover homeowner mitigation costs to create defensible space, or creating healthier forests, or even looking at how camera's can help us see wildfires coming. CAR...
Out of 300 nationwide applicants, four Colorado REALTORS® have
been announced as finalists for the 30 Under 30 class of 2022 from REALTOR®
Magazine. Beginning March 11 at 9 am MT, members can read more about these real
estate industry professionals who “took bold steps to grow both their
professional careers and their personal lives.” Through volunteerism,
education, philanthropy, and empowerment, these REALTORS® have worked...
Vail REALTOR® Mark Gordon with Christiania Realty was selected to be one of two candidates running for First Vice President of the Residential Real Estate Council (RRC/CRS). Voting is open to any RRC/CRS member and will be conducted electronically. All members will receive an email ballot on May 2, 2022. For more information about Mark’s campaign visit his Facebook page:...
Louisville
residents and victims of the Marshall Fire protested the 2021 International
Energy Conservation Code that would mandate rebuilding their homes with
electric vehicle charging ports, higher insulation standards, and requirements
to be “electric and solar ready.” Average cost estimates for a net-zero home
rebuild could cost consumers anywhere from $20,000-$77,000 extra. The council
is hoping its residents may still want to rebuild using the 2021...
Legislative Advocacy this Week at the State Capitol
Updates on State Legislation
This week at the Capitol several bills continue to work their way
through the legislative process:
Senate Bill 22-099 Sealing Criminal Records was amended on February 24th in the Senate Judiciary Committee in several ways to make the bill work better for law enforcement and legal professionals that directly deal with...
Posted on
February 28, 2022
Prospective homebuyers who keep losing out on
homes because of a lack of a cash offer could have a new option. The concept is called shared appreciation,
where some companies are offering to put a cash offer in for a homebuyer if
they cannot, and then get paid back later. The company will typically place the
cash offer for the buyer after signing the...
Posted on
February 28, 2022
While
more than 65% of Americans owned a home in 2021—the highest amount ever—the
black community’s rate of homeownership was only 43% nationally, down 1% from
last year. This and other data were covered in NAR’s latest Snapshot of Race
and Home Buying in America Report. “As the gap in homeownership rates for
Black and White Americans has widened, it is important to understand the...
