“While quarantine-limited interaction and the return to ‘normal’ seems to be looming, the stigma of attached living appears, at least for now, to no longer be affected by worry and fear,” Denver-area REALTOR® Matthew Leprino reported in CAR’s monthly Market Trends report. CAR sends this monthly analysis to Colorado news outlets. Townhomes and condos are selling for an average sales price of...
Homeowners in Summit County can apply for money relating to wildfire mitigation expenses on their property. Summit REALTORS® and the Colorado Association of REALTORS® are offering to help homeowners cover the costs of tree and shrub removal in order to meet defensible space guidelines as defined by local fire districts. Grantees could have the work done this fall or wait until spring. The grant program’s goals...
Last week, Habitat for Humanity hosted a build for CEOs where our very own Tyrone Adams worked shoulder-to-shoulder with more than 50 other Colorado CEOs, including leadership from the Broncos and Coca Cola. Tyrone was joined by Melissa Maldonado from the South Metro Denver REALTOR® Association (SMDRA) and Ted Leighty from the Colorado Home Builders Association. The team of CEOs built trellises at a build site...
The Telluride Association of REALTORS® (TAR) is celebrating its 20th year of providing grants to residents so they can afford to buy a home in their own town. There are 155 TAR REALTORS® who are currently giving to the First Time Homebuyers Assistance Fund. Over the past two decades, TAR has disbursed $737,467, or about $3,000 per month. Tracy Boyce, a contributing REALTOR® says, “I...
We’d like to inform you that the Colorado Association of REALTORS® will be conducting a confidential survey of our members from Monday, October 4th through Sunday, October 17th. All members who complete the survey can choose to be entered to win one of five $100 gift cards. To ensure confidentiality, an independent research firm called American Strategies (www.amstrat.com) will conduct the survey on our behalf. You should receive...
US consumers said they were least prepared for wildfires and earthquakes in comparison to all types of natural disasters, and those who were involved in natural disasters feel like they could have been more prepared. The survey was commissioned by the consumer market research group Qualtrics and Value Penguin. The survey also details information regarding preparedness for emergency evacuations and the financial impacts of disasters....
Freddie Mac released research supporting the appraisal gap and focus areas for possible solutions. After evaluating 12 million appraisals for single-family home transactions from 2015-2020, Freddie Mac found that 13 percent of properties in black and Latino census tracts received lower appraisal values, compared to 7.4 percent in white tracts. Freddie Mac will look at possible answers to this...
Gunnison-Crested Butte Association of REALTORS® is hiring a full time Association Executive Officer (AE). The AE is responsible to the Board of Directors and participates in meeting the Association goals, objectives and mission. Responsibilities include attending all meetings of the Board of Directors (BOD), keeping the board informed on all items of importance, organizing and promoting events, maintaining sound organization...
Boulder is one of the three most popular college towns for young adults to buy a home. Although the median sale price in the city is $1 million, Boulder ranked third. Only Champaign, Ill., ($180,000 median price) and Burlington, Vt., ($415,00 median price) are more popular. Economic stability, a low-key lifestyle, and affordability were cited as reasons why people choose...
In Aurora’s more affordable northern neighborhoods along the Colfax corridor and Delmar Park, the city has half of the inventory it had last year and a median sales price of $400,000, which is up about 30 percent. The southern and eastern areas of Aurora and their newer developments have pushed the new median high to $706,000. CAR spokesperson and Aurora-area...