Owners Need Relief, Too. The CDC has released an Executive Order placing a moratorium on all evictions through the end 2020 (see the Executive Order Here). In short, this moratorium creates a number of issues and questions that NAR and coalition partners are working to find answers to. The eviction moratorium will run through Dec. 31. It applies to renters who earn...
Homeowners urged to evaluate risk and take action to protect property and first responders Marty Schechter, CAR; 303-987-8163, marty@schechterpr.com Carole Walker, RMIA; 303-790-0216, carole@rmiia.org Teddy Parker-Renga, CSFS; 970-657-5674, teddy.parker-renga@colostate.edu DENVER – With more than 200,000 acres of forests burned across the state over the past two months as a result of wildland fires, wildfire mitigation, insurance and REALTOR® professionals continue to push...
National housing inventory has plunged 37% year over year, while buyers’ heightened demand is creating bidding wars and a rapid pace of sales, realtor.com® reports in its latest Weekly Recovery Report. Homes are selling nine days faster than a year ago, even as prices escalate, realtor.com® reports. The National Association of REALTORS® reported Thursday that contract signings in July jumped 15.5% above...
Colorado Public Radio reported on the durability of Colorado's housing market despite the COVID-19 pandemic and record unemployment. In July, there was a record 10,771 single-family homes sold, according to CAR's latest Market Trends report. Many potential homebuyers have unexpectedly found themselves in bidding wars. “I don’t think a slow down is coming anytime soon,” said Boulder-area REALTOR Kelly Moye. ...
With the help of a $20,000 grant from the CAR Foundation and a $5,000 grant from the Longmont Association of REALTORS®, the Veterans Community Project (VCP) broke ground yesterday on VCP Village – Longmont, an innovative project that will provide housing for veterans and their families. In attendance was Gov. Jared Polis, as well as CAR CEO Tyrone Adams, CAR...
The Colorado Sun reported on the state's strong housing market at a time when COVID-19 has devastated other sectors of the economy. One way the pandemic has affected housing is increased buyer interest in single family homes over condos. According to Denver-area REALTOR Matthew Leprino, buyers are seeing the value of having a house with more space to spread out. ...
Utility bills can add up, especially in a pandemic that has forced people to spend more time at home. On average, renters are spending between $100 to $150 per month on utilities, whereas homeowners are paying an average of $400 per month, according to Move.org. Home shoppers would be wise to inquire about the average utility costs of homes they’re looking...
According to a new report from ATTOM Data Solutions, low interest rates have helped fuel a demand for mortgages not seen since 2005. Surprisingly, consumers haven't been deterred by the COVID-19 pandemic The Denver Post reports, "In metro Denver, there were 54,837 mortgage originations in the second quarter, including purchase mortgages, refinancings and home equity lines of credit. That’s the highest...
According to research conducted by PS Commerce, saving for a down payment on a house is the Number 1 priority for residents of Colorado. Utah, Idaho, Hawaii, and Oregon rounded out the Top Five respectively. "...
USA Today reported on CAR's July 2020 Market Trends report. It notes, "Sales rose 15% from June and 21% from the previous July – before COVID-19 when the economy was rolling. Statewide the median home price rose a startling 4.5% in one month, to $443,925." "There is a total disconnect with half the economy being crushed and yet, housing has mostly shrugged it...