REALTOR® News Archives - Page 37 of 137 - Colorado Association of REALTORS

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REALTOR® News

Snowy suburban landscape with houses and trees.

Report: Urban Affordable & Free Housing Found in Unexpected Places

Posted on December 21, 2021

REALTOR® News, Residential Housing

Urban areas of Denver and Aurora are getting creative in funding and finding affordable housing. Denver’s City Council approved a rezoning effort along East Colfax to allow for Accessory Dwelling Units “ADU”, sometimes called, “Granny Flats.” This rezoning change allows property owners to use their garages, attics, or even new builds to rent, without having to seek the city’s permission first. East Colfax now has...

Snowy suburban neighborhood with houses and trees.

Million-Dollar Homes in Colorado Not What They Used to Be

Posted on December 17, 2021

REALTOR® News, REALTORS® in the News, Residential Housing

There are more million-dollar homes on the market all over Colorado than there were just a few years ago, and some are small or need improvements. “There are homes out there that need a lot of work that are a million, too, and they’re priced appropriately,” said CAR spokesperson Kelly Moye. “So, it’s interesting to see how our market has joined San Francisco, New York,...

New Aspects of Wildfires Endanger Housing; REALTORS® Can Help

Posted on December 15, 2021

Colorado Project Wildfire, Communities, REALTOR® News, Residential Housing

The saga to build much-needed housing inventory in our mountain communities continues with some new challenges. According to a report from Community Wildfire Planning Center, the number of units built in the wildland-urban interface in Colorado increased 74% since 2010. This also includes an acreage increase of 300% from 2010-2030. Some mountain towns that are unable to sustain these increases are turning down development due...

Tornado aftermath with destroyed house and debris.

REALTOR® Disaster Relief for Communities Devastated by Tornadoes

Posted on December 14, 2021

CAR Foundation, Communities, Community Giving, REALTOR® News

REALTORS® know how important a home is to a family, and what is at stake when a home is damaged or lost. We also know the importance of community support. It is in our nature to step in and step up to help those affected by misfortune. Our hearts are with the many communities across Kentucky, Arkansas, Illinois, Missouri, Mississippi, and Tennessee that were devastated by...

Aerial view of snowy suburban neighborhood

Like everything else – Colorado’s housing market has a supply chain issue

Posted on December 10, 2021

Market Trends, Market Trends & Statistics, REALTOR® News

Record setting lows in housing inventory once again push median pricing to new highs, magnifying issues of affordability https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – It seems everywhere we turn these days, there is a supply chain issue. No matter the size or scope of the product and services in demand, the supply chain is often the culprit in any effort to meet consumer wants and needs. Colorado’s housing market...

Two-story suburban house with green lawn

Inventory Low, Median Price Up

Posted on December 10, 2021

Market Trends, Market Trends & Statistics, REALTOR® News

Statistics from CAR’s Market Trends report show 6,100 active listings in the Metro area in November, which is down 39% from November 2020. REALTORS® say that the market feels slow, just because there are fewer homes to sell. Aurora has 142 homes for sale, while Centennial has 20, and Durango has 62. The median sales price is $685,000, which is up 16 percent from...

Home Price Increases Predicted to Slow

Posted on December 7, 2021

REALTOR® News, Residential Housing

Homebuyers can look forward to slower price increases on home sales this year, according to Realtor.com’s 2022 housing forecast. Buyers can also expect the same “lively” market pace as 2021. Among the report’s predictions, some of Colorado’s largest markets are expected to make big gains both in the number of sales and price increases. Colorado Springs sales are expected to...

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CAR Receives Strong Performance Ratings Across Programs in 2021 Member Survey

Posted on December 1, 2021

Market Trends, REALTOR® News, Stats & Trends

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...

Snow-covered houses and trees in winter landscape.

Housing Demand Not Slowed by Winter

Posted on December 1, 2021

Market Trends, Market Trends & Statistics, REALTOR® News, REALTORS® in the News

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...

Congresses’ Opportunity Zones Doubled Median Home Prices

Posted on November 22, 2021

NAR, REALTOR® News, Residential Housing

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...