REALTOR® News Archives - Page 59 of 134 - Colorado Association of REALTORS
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REALTOR® News

Denver Post: As Market Reawakens Following Shutdown, Low-end Properties Turn Red Hot, While Upper End Buyers Search for Elbow Room

“The price range from zero to $400,000 is on fire, as hot as it can get,” says Matt Leprino, spokesperson for the Colorado Association of REALTORS. “In a normal year the market spikes in March and April and you see a peak in May, then less into summer,” Leprino said. When back-to-school approaches the fall-off is very demonstrable. “Usually you don’t...

May Delivers “Virtual Reality Reset”

Roar of record-setting pending sales reflect the opening up of restrictions and strong demand across Colorado’s housing markets Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO – June 10, 2020 – Virtual tours, virtual open houses, sight unseen purchases, and virtual closings have helped shape a new reality for real estate transactions across the...

Remote Notarization Bill One Step Closer to Becoming Law

In a significant win for Colorado REALTORS®, CAR’s four-year effort to allow for remote notarization has almost come to an end. On Monday, the House of Representatives unanimously passed Senate Bill 96 that would allow notaries to offer remote notarization on a permanent basis. Although it was already passed unanimously by the State Senate on March 11, modifications were made...

2020 CAR Election Results

We want to thank all the candidates who raised their hand and stepped out of their comfort zone to be a candidate for 2020-2021 CAR leadership positions. For those of you who were not elected you are still a valued leader and member of the association. We strongly encourage and hope you to stay involved in CAR. The following are...

CAR Speaks Out Against Racism

The Colorado Association of REALTORS® does not condone violence or destruction of any kind. However, we absolutely stand peacefully, hand-in-hand with all those who seek and deserve respect, fairness, and the right to equality that America has promised for centuries and that, even now, has not been delivered to all citizens. We are an organization whose members and clients we serve...

CAR Remembers Gary Bauer

It is with great sadness that I the share news of Gary Bauer’s passing on Tuesday, June 2, 2020. As most of you know, Gary diligently served our profession in countless roles through the Jefferson County Association of REALTORS® and then Denver Metro Association of REALTORS®. In addition, Gary was a key figure at the state and national level in many capacities,...

Home Prices Still Rising, Albeit at Slower Pace

The COVID-19 pandemic may be hitting the economy hard, bringing the highest national unemployment rate since the Great Depression, but median home prices defied the odds and jumped 3.1% year over year last week, according to realtor.com® housing data for the week ending May 23. That’s double the 1.5% annual increase for the previous week. The National Association of REALTORS® recently...

30-Year Mortgage Rate Hits New Record Low

Borrowing costs fell this week, with the 30-year fixed-rate mortgage setting a new record low for the third time in the last few months. The 30-year fixed-rate mortgage averaged 3.15% this week, the lowest average in Freddie Mac’s records dating back nearly 50 years. “These unprecedented rates have certainly made an impact, as purchase demand rebounded from a 35% year-over-year decline...

What Motivates People to Choose Where They Live?

Why do people decide to stay or leave a community? A new joint survey from the Urban Institute and the Knight Foundation seeks to find the true motivations behind Americans’ choices for places to live. The survey of more than 11,000 consumers was conducted before the COVID-19 pandemic. Here are a few highlights from their findings: Quality of life matters in people’s decisions...

Denverite: CAR Foundation Funds Rent and Mortgage Assistance in Response to the Pandemic

Last week, the Colorado Association of REALTORS® Foundation donated $125,000 to three Colorado non-profit organizations to help those Coloradans in need of housing assistance as a result of the COVID-19 pandemic. "We just knew that there were people needing assistance, and we wanted to get this done in a timely manner,” said Chris Djorup, Denver-area REALTOR® and Foundation Chair. “The...