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REALTOR® News

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Unpredictable Factors Deliver Record Setting 2020 Housing Market Across Colorado

Posted on January 13, 2021
Market Trends, Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

ENGLEWOOD, CO – Jan. 13, 2021 – While coronavirus delivered devastating effects on our personal and professionals lives throughout 2020, the oldest laws of supply and demand carried Colorado’s housing market through health-focused restrictions, as well as changing residential and work wants and needs. Coupled with historically low interest rates, the combination of circumstances delivered record-setting results in most measurable...

Two women discussing outside a building.

Gen X, Millennials Likely to Keep Home Buying Strong for Years to Come

Posted on January 7, 2021
REALTOR® News, Residential Housing

Between 2018 and 2028, the number of households is projected to increase by up to 12 million. Generation X and millennials are expected to drive most of that household formation. As they replace dropped households over that time, the two generations could add nearly 25 million new households by 2028, according to the CoreLogic Insights Blog. The largest cohort of millennial...

Denver Post: Low Inventory and High Demand

Posted on January 6, 2021
REALTOR® News, REALTORS® in the News

“There’s not enough inventory,” said Denver-area REALTOR® Matthew Leprino. That's how he described the hot real estate market in the Denver area in which November 2020 had a 0.8-month supply of homes for sale—the first time in recent memory when the market’s supply had fallen below a single month’s worth. Read the full Denver Post article. ...

Trail Gazette: Colorado’s Housing Market in Just One Word – Inventory

Posted on January 6, 2021
REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

“With winter on the horizon and temps falling, Larimer County’s real estate market remains hot,” said Estes Park-area REALTOR® Abbey Pontius. “COVID undoubtedly has put a crimp on the ease of showings, open houses, daily field work, and how we can close transactions, but these are just small speed bumps in the big picture. As we spend more time in...

Small town street with snowy mountain backdrop.

KOAA: Coronavirus Drives Spike in Sales of Colorado Mountain Homes

Posted on January 5, 2021
REALTOR® News, REALTORS® in the News

The coronavirus hasn't dampened the sale of homes on Colorado's mountain communities. Sales in Telluride and Mountain Pass will likely pass $1 billion. Telluride REALTOR George Harvey said, "It's Biblical." “I was just on a 30-broker Zoom meeting this morning. All from Telluride. And we all said this: We are going to do less business in the next one to two years....

Road to Recovery Initiative logo and text.

Colorado Leaders Launch Road to Recovery

Posted on December 17, 2020
Capitol Connection, Communities, Consumer Awareness, General, Government Affairs, Market Trends, REALTOR® News, REALTORS® in the News

The Road to Recovery, a project developed by the Colorado Business Roundtable and Common Sense Institute, brings together dozens Colorado leaders from a wide range of industries and backgrounds to develop recommendations for getting Colorado back to work. “While COVID-19 has brought unprecedented challenges in terms of health and safety for Coloradans and the business community, the disruption has brought an opportunity to rethink...

Colorado Young Professionals Network logo and woman.

2020 CYPN of the Year Kate Kelley

Posted on December 17, 2020
CYPN, General, Local Association, REALTOR® News, REALTORS® in the News

Colorado Association of REALTORS® honors Kate Kelley as Young Professional of the Year Kate Kelley, broker at WK Real Estate in Boulder, Colo., was recently awarded the “Gus Williams Colorado Young Professional network REALTOR® of the Year” during the Colorado Association of REALTORS® (CAR) 2020 Virtual Fall Forum. This award honors an individual who exemplifies leadership and has a strong commitment to the Young Professional network, as well as raising...

Mountain landscape with fields and cloudy sky.

Colorado’s Housing Market in Just One Word – Inventory

Posted on December 9, 2020
Market Trends, Market Trends & Statistics, REALTOR® News, Residential Housing, Stats & Trends

Active listings and months supply of inventory fall to record lows driving land sales in many communities ENGLEWOOD, CO – Dec. 10, 2020 – High demand and a continually shrinking supply of homes available for sale across Colorado pushed active listing and overall inventory to all-time lows across the state and driving land sales in numerous markets, according to the latest...

Hundred dollar bills scattered, overlapping each other.

Boulder, Fort Collins in Top 10 Markets with Highest Median Down Payments

Posted on December 8, 2020
REALTOR® News

Faced with more expensive home prices, home buyers are bringing more money to closing. The median down payment on a single-family home and condo purchased in the third quarter increased by nearly 67% compared to a year ago. Median down payments are at the highest level recorded since at least 2000, according to a new analysis from ATTOM Data Solutions,...

Doormat with "Home Sweet Home" text.

CNN Business: Black Millennials Fueled a Surprising 2020 Home-Buying Surge for African Americans

Posted on December 8, 2020
NAR, REALTOR® News, Residential Housing

The coronavirus pandemic and the resulting lockdowns that convinced Kenyan immigrant Lynn Poole and her husband to move out of their apartment in downtown Denver and purchase a three-bedroom house in Commerce City. Lynne Poole and her husband Aaron Poole stand outside the new home they purchased in 2020. "We weren't looking forward to living far away because...

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The Colorado Association of REALTORS® is the state’s largest professional, voluntary, non-profit, real estate trade association that is dedicated to serving more than 25,000 REALTOR® members across the state. Read More

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