Active listings and months supply of inventory fall to record lows driving land sales in many communities ENGLEWOOD, CO – Dec. 10, 2020 – High demand and a continually shrinking supply of homes available for sale across Colorado pushed active listing and overall inventory to all-time lows across the state and driving land sales in numerous markets, according to the latest...
The coronavirus pandemic and the resulting lockdowns that convinced Kenyan immigrant Lynn Poole and her husband to move out of their apartment in downtown Denver and purchase a three-bedroom house in Commerce City. Lynne Poole and her husband Aaron Poole stand outside the new home they purchased in 2020. "We weren't looking forward to living far away because...
The housing markets expected to be the strongest in 2021 are tech hubs with strong job creation, state capitals where home shoppers may get more square footage for their money, and smaller cities with greater affordability, according to a new analysis from realtor.com®. But none of these areas boast the cheapest home prices in the nation. In most of them, buyers...
A 2018 study from the Urban Institute revealed a gap of almost 32% between the homeownership rates for Blacks and Whites in the Denver metro area. The racial disparities in homeownership date back decades when practices such as redlining were common and real estate professionals could put their safety at risk for merely selling homes to Blacks. “Selling homes to Black...
October highlights for the Denver market include: The greatest 12-month-period price appreciation (21.3%) ever tracked by the Colorado Association of REALTORS®. There were 42% more single-family homes sold than the previous year, and 23% more new listings arrived to replace them, all while the median single-family price increased $32,000 in one month Taking a look at some of the state’s local market conditions,...
The NATIONAL ASSOCIATION OF REALTORS® today released its 2020 Profile of Home Buyers and Sellers, a survey of people who purchased or sold from July 2019 to June 2020. The profile report has been a leading industry source of trusted insight into consumer behavior for nearly four decades. As in the past, this year’s survey measures the demographic characteristics of...
The coronavirus pandemic has resulted in an influx of city dwellers into rural areas of the U.S., aided by the ability to work remotely. According to a March report from Redfin, house hunting in rural areas rose 115 percent over a year ago. The interest in escaping populated areas for rural living is especially prominent in Colorado's mountain communities. Denver-area...
On Oct. 21, 2020, Gov. Jared Polis signed an executive order preventing Colorado landlords from evicting tenants who can prove financial hardship as a result of the coronavirus pandemic. Rental property owners may tap into a state housing assistance fund to recover lost rent payments. In order to meet the financial hardship threshold, a renter must meet the following criteria: Is using best efforts to...
Whether you’re evacuating or returning back to your home, now is the time to consider insurance matters. DENVER (Oct. 19, 2020) – Colorado wildfires erupted across the state over the weekend as thousands of Coloradans were forced to evacuate in the Cameron Peak, CalWood, Lefthand Canyon and East Troublesome Fires. With wildfires blazing in our state, the Colorado Division of Insurance (DOI)...
U.S. News & World Report released its 2020-2021 Best Places to Live Rankings, and four Colorado cities scored in the Top Ten. They include: #1 Boulder, #2 Denver, #4 Colorado Springs, and #5 Fort Collins. “I’m thrilled but I’m not surprised,” Boulder-area REALTOR® Kelly Moye told the Denver Post. “What people are starting to see is that quality of life...