WARNING OF ONGOING CRIMINAL LAND SALES IN DOUGLAS COUNTY AND BEYOND October 2024 Update: The Colorado Association of REALTORS recently received an update from the Douglas County Sheriff's Office about another recent surge in criminal land sales cases. Please read below to learn more about these land sale scams, and how to spot and report them. CAR has been made aware that Douglas...
Although wildland firefighters are still fighting active fires and authorities have only begun to assess the damage left behind by the Alexander Mountain Fire, Stone Canyon Fire, Lake Shore Fire, Quarry Fire, and others, we now know dozens of homes have been destroyed, leaving Colorado families scrambling to find a place to live. In response, Colorado Association of REALTORS® Foundation...
A Message from CAR President Jason Witt: Resilience in the Face of Change As we navigate the ever-evolving landscape of real estate, it's imperative that we, as REALTORS®, remain resilient and adaptable. Our profession is not just about transactions; it's about building communities, changing lives, and being trusted advocates for our clients. Change is a constant, and how we respond to...
Key Highlights In Colorado, the homeownership rate was 70% for White Americans in 2022, followed by 42% for Black Americans, 65% for Asian Americans and 57% for Hispanic Americans. the share of Colorado renter households that can afford to buy the typical home is 10% for White Americans, 6% for Black Americans, 15% for Asian Americans, and 6% for Hispanic Americans, further...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Despite inventory beginning to reach healthier levels in select metro and mountain areas of the state, other markets are seeing reductions in inventory of up to -63% in some neighborhoods due to the lack of new listings, proving yet again that all real estate is local, according to the latest Market Trends Housing Report from the Colorado...
https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Despite small increases in the overall inventory supply, higher mortgage interest rates continue to broaden the traditional seasonal slowdown in housing markets across the seven-county Denver metro area and in markets statewide. As a result, buyers willing to come off the sidelines have gained a little advantage and sellers, willing to sacrifice their 3.5% and lower interest...
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....
Denver metro construction is slowing from its highs in 2021, according to a new report by real estate brokerage Point2Homes. The brokerage analyzed the number of home building permits issued in 2021 and 2020 in metro areas and states. The Denver metro area is seeing some of the steepest year-over-year declines in permitting in the nation. In contrast, the report also shares...
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,"...