CAR’s October 2021 Market Trends reports that the sales price of homes has increased 15% across Colorado since Oct. 2020. Mountain town inventory is down by as much as 41% compared to last year. “It seems the definition can sometimes change from month to month as a relative response to what a ‘normal’ house sells for,” said Durango REALTOR® Jarrod Nixon. He says that...
Zillow announced it would stop buying homes directly from sellers and then selling them at an increased rate. The company could not effectively compete in Colorado‘s hot real estate market because it couldn’t find property, renovate and resell the homes fast enough. The program has been discontinued nationally as well. “When you’re not able to buy low and sell high, because our market is doing...
Since Zillow Offers, the internet giant’s direct buying service, has left the Denver real estate market, home buyers and sellers don’t have much reason to celebrate. Home inventory, no matter who the player is, is low. “Any added inventory and new listings in the market would be greatly appreciated and good to have,” Andrew Abrams from DMAR said. CAR spokesman...
Congratulations to CAR members who have been selected to serve on NAR Committees and Boards for 2021/2022. Please see below a list of Colorado REALTORS® and association staff listed in alphabetical order by last name. Tyrone Adams Housing Opportunity Committee Brian Anzur Leading Edge Advisory Board Barbara Asbury Land Use Property Rights and Environment Committee Windy Bailey Federal Taxation Committee Sunny Banka Risk Management Issues Committee David Barber Membership Policy...
The Colorado Association of REALTORS® (CAR) extends its deepest sympathies to the family and friends of CAR Past President Jolon Ruch, who passed away on Thursday, October 28th after a brave and hard-fought 18-month battle against cancer. Jolon is remembered as a tremendous organizational leader, taking on the tough task of ushering in a new governance model for her state association. Jolon cared deeply about...
Developer Jon Roberts once built market-rate homes families could afford at light-rail stops in Denver. Attainable, dense housing is one fix to the affordable housing crisis, and Roberts was happy to do his part. He’s shifted his focus to $1 million houses and duplexes — and he’s not thrilled about the reasons why: Building affordable housing is too risky, too slow and too mired in bureaucracy. “I...
A Realtor.com 2020 survey found that 13 percent of Americans believe their house is haunted, troubled by strange noises, shadows, cold spots, eerie feelings, and moving items. Roughly half of them knew or suspected as much before hauling in their boxes and have no plans to move. Most prefer to avoid the situation: 2/3rds of respondents said they were unlikely to move into a house...
When comparing September 2020 and 2021, Pueblo’s new sales listings were up 24 percent and new building permits have already matched last year’s numbers, with three more months to go. “The Front Range is filling up,” said CAR’s spokesperson David Anderson. “We are probably the last area that has not really been rewarded with all that growth in Colorado during the last 30 to 40 years,”...
Realtor® from Denver Wins National Award for Delivering Weekend Meals to At-Risk Children WASHINGTON (October 20, 2021) – Realtor® Bob Bell with Mile Hi Property in Denver is one of five winners chosen for the National Association of Realtors® Good Neighbor Award. For nine years, Bell and hundreds of volunteers have been up at dawn every to pack and deliver weekend meals to 10,000 at-risk schoolchildren across 72...
The seasonal slow-down in housing sales returned this year to Northern Colorado. REALTORS® saw the amount of home sales drop almost 20 percent from last year at the same time. There was also a slight decrease in the amount homebuyers are willing to pay over asking price. In September, they paid only 1.3 percent over the listed price. Fort Collins REALTOR® and CAR spokesperson Chris...