Legislative Advocacy this week at the State Capitol Amendments Increase Requirements for Disclosure and Transparency of Fees in HOAs House Bill 1229 increases requirements for disclosure and transparency in the operations of HOAs in Colorado common interest ownership communities. The bill requires HOAs to maintain a list of all fees, assessments, and expenses that it charges in connection with the purchase or...
Five REALTORS® across Colorado recognized as the REALTORS® with a HEART ENGLEWOOD, CO – May 27, 2021 – The Colorado Association of REALTORS® (CAR) Foundation has named Gunnison, CO REALTOR® Matt Robbins as the inaugural recipient of its Colorado’s Heart Award in recognition of REALTORS® serving their communities with distinction. In honor of his selection, the CAR Foundation will make a $3,000 donation to Robbins’ charity of...
Median price of a single-family home sold last month tops $500,000 The median of a single-family home sold in Colorado crossed above $500,000 for the first time ever in April and is running at an elevation 1.5 times higher than the U.S. median, according to a monthly update from the Colorado Association of Realtors. “For the short term, there is no calm in sight....
Metro District Impacts on Housing Costs for Home Buyers1 The Study: The Fort Collins Board of REALTORS®, the Greeley Area REALTOR® Association, the Longmont Association of REALTORS® and the Loveland-Berthoud Association of REALTORS® commissioned Anderson Economic Group (AEG) to analyze how purchasing a home in a metro district impacts homebuyers in order to better educate our members and their clients. To our knowledge, this study is the first of...
Westword highlighted increasing home prices in Colorado, citing the Colorado Association of REALTORS' April Market Trends Report indicating the median price of a single-family home is over $500,000. Durango-area REALTOR Jarrod Nixon said, "Many industry experts believe there is no bubble. Instead, the demand for housing in the west, particularly in resort areas, is higher than ever due to the migration...
“Long ago, the ‘love letter’ was the way to romance a seller into accepting your offer – no more,” said Denver-area REALTOR® Matthew Leprino. “Today, the love letter comes in the form of a larger overall check and, in most cases, paying significantly more than a house may be worth at that snapshot in time. We [REALTORS®] have and hopefully will always continue...
“What’s surprising is when listings are coming on the market, they are being sold immediately, usually within a week. So they are not sticking around long and all our inventory is listed under ‘pending,’” said Pueblo-area REALTOR® David Anderson. "With just 192 active listings in April, we are down more than 50% when compared to April 2020. Since we are sitting on...
The National Association of REALTORS®’ Board of Directors on Friday selected next year’s leadership, approved a 2022 budget that forecasts 1.43 million members, and kept 2022 national dues at $150. The subject that generated the most debate at the board meeting was a policy proposal to require that residential property addresses be disclosed and available to MLS participants and subscribers when...
Above asking price trend reaches new highs as insatiable homebuyer appetite continues and sellers ask, “what’s a buyer willing to pay?” ENGLEWOOD, CO – May 12, 2021 – Despite the first month-over-month increase in the inventory of active listings in nearly a year, an insatiable homebuyer appetite quickly offset those gains with increases in the number of properties under contract and closed in April, according...
Recent proposals to repeal or limit the 1031 like-kind exchange could devastate the commercial real estate sector and investment in communities across the United States. From affordable housing providers, to small businesses, to farmers, 1031 has been used by a range of Americans since its creation 100 years ago. The National Association of REALTORS® (NAR) needs your help to educate lawmakers and their staff about 1031s. It is...