Kelly Moye, a Broomfield-based RE/MAX Alliance Realtor and former president of the Boulder Area Realtor Association, told the Boulder Daily Camera, “It’s staying really steady. There are no huge dips or increases in home prices.” Only when prices go down more than 3% do people begin to take notice, Moye said. Sellers received almost 99% of the listed price for...
Regional and Statewide Statistics Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Oct. 10, 2019 – Single-family home sales across the state fell more than 14 percent from August to September but remain up 9.1 percent over September 2018 in the seven-county Denver metro area and 5.3 percent statewide, according to the latest monthly market data from the Colorado Association of...
On Jan. 1, 2020, Illinois will join a growing list of U.S. states where it is now legal to sell and consume marijuana. As the state moves towards implementation, REALTORS® in Illinois have been asking how legalization will affect the real estate industry in Illinois. CAR's General Counsel Scott Peterson and VP of Government Affairs Liz Peetz recently spoke with...
The Department of Regulatory Affairs - Division of Real Estate is seeking an Investigations Team Lead. This position is housed within the Division's Investigations Unit, which exists to investigate complaints filed by consumers and/or licensees, or are opened on the boards' own motions. The unit ensures that investigations are completed within the Division's prescribed deadlines and that the investigations...
Colorado Gives Day is an annual statewide movement to celebrate and increase philanthropy in Colorado through online giving. Although Colorado Gives Day is celebrated on Dec. 10, 2019, you can schedule donations ahead of time beginning Nov. 1. Go to CAR's Colorado Gives Day page to donate. Colorado Gives Day features a $1 million incentive fund, created by Community First Foundation...
On Oct. 15, new rules will go into effect that will reduce regulatory barriers, making purchasing a condo in more expensive markets a bit easier. For example, the new rule will allow certain individual condominium units to be eligible for FHA mortgage insurance even if the condominium project is not FHA approved. (The condo unit needs to be in a...
According to a recently released report from Redfin, people who bought a home during the downturn in 2012 have earned a median of $141,000, or 261 percent. The median home equity growth for Colorado Springs was among the highest, with an increase of $149,000 (677 percent). In Denver, the median home equity growth was 555 percent and the median home...
A new study just released by the REMI Partnership (Regional Economic Models, Inc.), of which the Colorado Association of REALTORS® is a member, has found that if Colorado were to offer residents a public health care option, it could negatively impact the state’s economy. HB 19-1004 passed during the last legislative session of the Colorado General Assembly and directed the...
The Denver Economic Development & Opportunity office recently released a draft version of the 2020 housing action plan. The city is asking for feedback from residents as it relates to housing policies and spending priorities. Denver has $30.6 million set aside to address housing next year, including $12.9 million to address homelessness. Denver residents have until Oct. 10, 2019 to...
9News recently reported on a study conducted by Denver's Economic Development department showing that short-term rentals, such as AirBNB, have little impact on the cost of homes. Short-term rentals make up about 1% (306,714 units) in Denver. According to the report, “Short term rentals in Denver do not appear to have an impact on housing costs at the citywide level....