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...
Zillow announced it would stop buying homes directly from sellers and then selling them at an increased rate. The company could not effectively compete in Colorado‘s hot real estate market because it couldn’t find property, renovate and resell the homes fast enough. The program has been discontinued nationally as well. “When you’re not able to buy low and sell high, because our market is doing...
Since Zillow Offers, the internet giant’s direct buying service, has left the Denver real estate market, home buyers and sellers don’t have much reason to celebrate. Home inventory, no matter who the player is, is low. “Any added inventory and new listings in the market would be greatly appreciated and good to have,” Andrew Abrams from DMAR said. CAR spokesman...
The Federal Emergency Management Agency’s Risk Rating 2.0: Equity in Action went into effect on Oct. 2. This new system prices flood insurance for each home individually rather than by flood zone. Jack Greacen, NAR’s Colorado Political Representative, reports that members from across NAR have shared their good and bad anecdotes. NAR has created a number of helpful resources to...