CAR members had the opportunity to complete a survey in October of 2021 that included collecting data on member sentiment on CAR programs and services as well as the industry overall and the issues that impact their business most. Below are preliminary findings. Members give CAR consistently strong job approval ratings. Overall, 68 percent of members give CAR an A...
NAR data shows that national inventory decreased by 12% in October, and 82% of homes were sold in under a month. These two different forces, inventory and time on the market, are driving the sales climate, snowflakes or not. “While there are some that say we are overdue for a price correction, demand for housing is creating a hard bottom unlike what we saw...
Adams County, Colorado, and nine other cities across the country benefitted from the establishment of Opportunity Zones, which were created by the Tax Cuts and Jobs Act of 2017. Congress enacted these laws to help revitalize low-income areas and give investors significant tax breaks to invest in properties in these cities. Adams County’s median price rose to $429,000 in 2021, which was up from $222,500...
Investors are snapping up homes at an unprecedented pace, including in Denver, where nearly 17% of home sales went to investors, according to a report from Redfin. The brokerage defines an investor as any business entity that purchases residential homes, including through an LLC or trust. Real estate offers a way to hedge against inflation and represents an asset class...
Changes more explicitly state spirit, intent of NAR Code of Ethics and policies regarding information about commissions, broker marketplace participation November 15, 2021 Media Contact: Wesley Shaw 202-383-1193 CHICAGO (November 15, 2021) —The National Association of Realtors® announced today the adoption of changes to its guidance for local Multiple Listing Service broker marketplaces that reinforce greater transparency for consumers. The changes ensure...
Tuesday, Dec. 7 from 10:30-Noon. In-person presentation at the CAR Offices, limited seating. Get an in-depth look at the immigration system, labor shortages, immigration reform, how people are navigating foreign banking and loan challenges, the challenges behind work VISA policies, and resources on how to educate consumers, home buyers, and sellers about the aspects of homebuying. Presentations and discussion will be led by...
Zillow Offers bought hundreds of homes along the Front Range in August and September, often paying more than what sellers were asking. Now the company is selling more than 500 homes in 10 Front Range counties, and more homes it purchased in October are hitting the market every day. Nearly all the properties being sold are priced well below what the company paid only...
Congratulations to the REALTOR® members who were selected to serve and represent CAR in statewide matters critical to the REALTOR® Party and determine support for REALTOR® Champions. CAR Political Action Committee (CARPAC) members serve a 4-year term (can serve two terms consecutively). They are charged with analyzing state and local ballot initiatives that enhance or negatively impact real estate or the housing market and small businesses...
CAR’s October 2021 Market Trends reports that the sales price of homes has increased 15% across Colorado since Oct. 2020. Mountain town inventory is down by as much as 41% compared to last year. “It seems the definition can sometimes change from month to month as a relative response to what a ‘normal’ house sells for,” said Durango REALTOR® Jarrod Nixon. He says that...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – In most markets across the state, the pace of available inventory slowed in October and was quickly consumed by the insatiable demand that has come to define the Colorado housing market in 2021, according to the latest monthly market data and analysis from the Colorado Association of REALTORS®. “The pace at which homes are selling remains robust, but the dynamic has changed. In...