See Seller Impersonation Fraud Red Flags and Best Practices Federal law enforcement has seen an increase in real estate fraud involving vacant property, according to a joint advisory issued by the U.S. Secret Service and CertifID. CertifID Chairman Thomas Cronkright explained the scheme: a scammer looks up ownership records of a vacant property online, and pose as that property’s owner to hire a...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – The typical fast-paced spring housing market just never materialized as higher interest rates and a less than eager group of potential sellers kept transactions limited and prices steady, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR). Despite the ongoing challenges, a smaller pool of buyers began to have ‘a...
For buyers and sellers, the trick is being ‘just right’ https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – If you thought finding tickets to Taylor Swift’s upcoming Denver concerts was a challenge, the search for homes in Colorado hasn’t gotten much easier either, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR). Despite a double-digit percentage bump in new...
CAR’s Diversity and Inclusion Committee is honored to celebrate the groups and individuals who strive to make our industry more diverse and inclusive. Applications are open June 4 through August 4th, so nominate someone you know who is working to make a difference. The winners will be announced at the Inaugural Dinner at the 2023 Fall Forum. Awards are separated into...
Many Coloradans feel pain from a sharp rise in property tax assessments. Homeowners are freaking out!” said CAR Spokesperson Kelly Moye. “Our phones have been ringing off the hook.” The assessed value is taking the market value from January 2021 through June 2022. “They think that what the assessment says is not what it is worth today, and that is accurate,” said Moye....
Interest rates and market uncertainty push start of selling season back more than a month https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – In what would typically be a rush of new listings hitting the market in April for the start of the home buying and selling season, consumers on both sides of the transaction seem content to watch and wait, reluctant to make a move...
In the Pikes Peak region, home sales fell in March on a year-over-year basis, continuing a downward trend that began in the second half of last year. And yet, sales and prices in March were up from February and at their highest levels in five months. Also, the pace of home construction —measured by permit activity — jumped in March...
Colorado ranks fourth in the nation for states with the highest average down payment for first-time buyers, according to a new report from Moneywise. Moneywise ranked all 50 states based on median home price on Zillow and an average down payment of 13%, according to the National Association of REALTORS®. "Affordability is certainly an issue for first-time buyers, there's no question about that,"...
Colorado Springs REALTOR® Ashlee Nath has been named as one of this year's National Association of REALTORS® 30 Under 30. The character of the 2023 class of 30 Under 30 can be summed up in two words: bold entrepreneurs. Some members of this year’s class have taken great leaps to make it in the industry. They are relationship builders, barrier breakers,...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – March housing numbers for the seven-county Denver metro area and statewide may look scary at first glance however, they may also be some of the most normal statistics and market conditions seen since the beginning of the pandemic, according to the latest Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR). “Median sales prices...