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REALTOR® News

NAR Approves Sweeping New Fair Housing Action Plan

Posted on January 10, 2020

NAR, REALTOR® News, Residential Housing

© National Association of REALTORS®The 2020 NAR Leadership Team meets with HUD's secretary. From left: President-elect Charlie Oppler, President Vince Malta, HUD Secretary Ben Carson, CEO Bob Goldberg, Immediate Past President John Smaby, First Vice President Leslie Rouda Smith, Vice President of Association Affairs Mabél Guzmán, and Vice President of Advocacy Christine Hansen. Expect the National Association of REALTORS®...

Median Property Value Rose 50 percent in 2 Years in Elyria-Swansea and Globeville — Again

Posted on January 9, 2020

Communities, REALTOR® News, REALTORS® in the News, Residential Housing

Property tax bills are going out this month to Denver residents, which might lead some homeowners to file an appeal if they think Denver's assessor has made a mistake in the property's valuation. Denverite spoke with Denver-area REALTOR® Matthew Leprino, who explained that if a county assessor pegs a home’s value higher than the market might value it, it could...

After a Decade of Dramatic Gains, Metro Denver Home Prices Expected to Slow in 2020

Posted on January 7, 2020

REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

“I will be telling any buyers who come through my office to be looking at a longer-term game. You won’t make $50,000 in appreciation in two years,” Matt Leprino, Colorado Association of REALTORS spokesperson, said. “You might see a lot of people pull the trigger on selling properties primarily income properties,” Leprino said. “You will see a larger influx of...

2020 Forecast: Colorado Is Getting Older and Narrowing the Housing Gap, But Really Needs Middle-Wage Jobs

Posted on January 7, 2020

Construction, General, REALTOR® News, Residential Housing, Stats & Trends

Tamara Chuang, who covers business and economic issues for the Colorado Sun, recently wrote an article highlighting Colorado's economic and population growth over the past decade. Colorado's population is expected to hit 5,842,076 people in 2020, an increase of 1.5 million people over the past 20 years. Elizabeth Garner, Colorado's state demographer, says that while the state's population has grown...

Economic Impact of a Home Sale

Posted on December 20, 2019

Communities, REALTOR® News, Stats & Trends

How is the housing market in your state affecting the local economy? The National Association of REALTORS® recently released a report outlining the total economic impact of real estate related industries on the economy of each state, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage...

Colorado Recognized as One of Top 20 Opportunity Zone Catalysts

Posted on December 17, 2019

General, REALTOR® News

The State of Colorado was recently named as one of the Top 20 Forbes OZ Catalysts. This honor, awarded in partnership with Sorenson Impact Center, recognized Colorado as one of the leading organizations using Opportunity Zones to support communities. Applications from Montrose, Pagosa Springs, and Colorado Springs also received recognition for their leadership in the space, and Colorado-based fund Four...

Realtor.com Lists Colorado Springs as Number Seven on List of 25 Hottest Housing Markets

Posted on December 13, 2019

Communities, Market Trends, REALTOR® News

Realtor.com has assembled a list of the 25 housing markets it expects to see the most home sales and price growth in 2020. Colorado Springs comes in at Number Seven where the median home sale price is $312,000. At the top of the list is Boise, ID with a median home sales price of $295,000. “For the last eight years,...

Boulder County Real Estate Market Likely Stay Stagnant into 2020

Posted on December 13, 2019

Communities, Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

“Boulder County’s home prices are stuck in the snow and the wheels are spinning,” Boulder-area Realtor Kelly Moye stated in a Colorado Association of Realtors news release. “It’s like someone just held it in time and nothing changed. I think it’s a trend we are going to see continue, too.” “Wages aren’t keeping up with home prices in Boulder, so...

Colorado Springs, Fort Collins Make NAR List of 10 Markets Expected to Outperform Over the Next Three to Five Years

Posted on December 11, 2019

Communities, NAR, REALTOR® News, Stats & Trends

WASHINGTON (December 11, 2019) – The National Association of Realtors® identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are: Charleston, South CarolinaCharlotte, North CarolinaColorado Springs, ColoradoColumbus, OhioDallas-Fort Worth, TexasFort Collins, ColoradoLas Vegas, NevadaOgden, UtahRaleigh-Durham-Chapel Hill, North CarolinaTampa-St. Petersburg, Florida “Some markets are clearly positioned for exceptional longer-term performance due to their relative...

New Listings Drop 30 Percent Statewide; Low Inventory and Affordability Dominate Colorado’s 2019 Housing Market Story