Colorado Association of REALTORS | Residential Housing

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Residential Housing

Executive Order Issued in Response to COVID-19

Posted on April 6, 2020

Communities, Government Affairs, REALTOR® News, Residential Housing

On March 20, 2020, Colorado Governor Jared Polis issued Executive Order D 2020 012, which, among other things, temporarily limits evictions, foreclosures, and public utility disconnections, providing support to unemployed Coloradans affected by the COVID-19 pandemic. The COVID-19 pandemic has impacted Coloradans in a variety of ways, including some Coloradan's ability to meet the financial obligations related to housing. In response, Governor Polis...

Colorado Housing Market Experiencing Record-Low Inventory Numbers

Posted on March 16, 2020

Market Trends, Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

Denver-area REALTOR® Lane Lyon spoke with 9 News about metro Denver's hot housing market and how millennials can get a piece of it. For those looking to get into their first home, Lyon offers this advice: "Get pre-qualified. Talk with a lender. Know what your options are. With interest rates the way they are, you may be able to afford...

Home Prices Up Across Colorado Despite Snowy, Cold February

Posted on March 11, 2020

Market Trends, Market Trends & Statistics, REALTOR® News, Residential Housing, Stats & Trends

Winter weather doesn’t slow home sales as buyers gobbled up record low inventory ENGLEWOOD, CO. – March 11, 2020 – A growing number of homes coming onto the market in the first few months of the year, coupled with a cold and snowy February, wasn’t enough to offset pent-up demand from buyers ready to gobble up available single-family homes and condo/townhomes...

Colorado Joins California, Texas with Highest Housing Deficit, Study Says

Posted on March 4, 2020

REALTOR® News, Residential Housing

Many home buyers are having a tough time finding a home they want, and the problem will likely get worse. A new study by Freddie Mac puts the housing shortage in a dire perspective: a 3.3 million unit deficit nationwide. Years of underbuilding has created an inventory shortfall, which is most pronounced in states with strong economies that have been luring more...

Curbed Ranks Denver #5 on Top 10 Cities to Move to Right Now

Posted on March 2, 2020

Communities, REALTOR® News, Residential Housing

Curbed just released a list of the Top 10 Cities to move to right now that aren't on the coasts - and Denver comes in at Number 5. Also on the list are Arlington, VA (No. 1), Boise (No. 2), Provo, UT (No. 8). Curb writes: "Denver can seem effortlessly cool compared to other cities, a mid-size metro near the mountains with...

Racial Disparities Persist on Path to Homeownership

Posted on February 25, 2020

NAR, REALTOR® News, Residential Housing

While the overall U.S. homeownership rate has been rising, it's not equal among all races. The National Association of REALTORS® released a report Tuesday, “Snapshot of Race & Home Buying in America,” that breaks down ownership rates by race across the country. For non-Hispanic white Americans, the homeownership rate consistently stayed above 71% from 2016 to 2019, while for black Americans in...

Limits on Growth Get Attention During Affordable Housing Discussion

Posted on February 18, 2020

Construction, REALTOR® News, Residential Housing

CAR hosted a panel discussion on housing affordability at its REALTOR Day at the Capitol & Economic Summit, held Feb. 13-14, 2020 in Denver. Growth limits, including a November 2020 ballot initiative aimed at curbing construction of residential housing, were among the topics discussed. Panelists included Alison George, director of the state Division of Housing; Karen Kallenberg, executive director of...

Capitol Connection – January 31, 2020

Posted on February 3, 2020

Capitol Connection, Colorado Project Wildfire, Environment, Government Affairs, REALTOR® News, Residential Housing

SB20-094: Plug-in Electric Motor Vehicle Registration Fees Sen. Kevin Priola (R-Henderson) LPC Position: Support Summary: SB-094 authorizes the high-performance transportation enterprise (HPTE) to impose two registration fees on electric motor vehicles: (1) a surface transportation infrastructure equivalent use fee at a maximum rate of $120 in the first year with adjustments for inflation for every year following, and (2) a longevity...

Homeownership Rate Climbs to 6-Year High

Posted on January 31, 2020

General, NAR, REALTOR® News, Residential Housing

Americans are facing challenges to homeownership, particularly with shrinking inventories of homes for sale, yet somehow more are still finding their way to becoming homeowners. The homeownership rate rose to its highest level in six years during the fourth quarter of 2019, a newly released report from the U.S. Census Bureau shows. The percentage of Americans who own their home increased...

NAR: HUD Offers Guidance to Sniff Out Fake Assistance Animal Requests

Posted on January 29, 2020

Consumer Awareness, General, Government Affairs, NAR, REALTOR® News, Residential Housing

Property owners have struggled with how to enforce no-pet policies on their properties with the growing number of renter requests for assistance animals. That’s why the housing market is welcoming the U.S. Department of Housing and Urban Development’s newly released guidance and clarity on how to comply with the Fair Housing Act when receiving a request for an assistance animal. News...