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...
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...
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...
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...
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...
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...
In July 2019, Lakewood voters passed Question 200, which restricts residential growth to one percent per year. That equates to about 700 new residences in 2020. Now, the Lakewood City Council has finally approved a plan on how the city will enact the voter-approved housing cap. The plan passed by councilors on Jan. 28 takes into account the hundreds of...
The issue of short term rentals, like AirBnB, and their potential effect on the state's lack of affordable housing is once again being debated by lawmakers. A bill filed in the Colorado General Assembly would increase the property tax rate on short term rentals from the residential rate of 7.96% to the commercial rate of 29%. Proponents of the measure...
“Overall, the 2019 Pueblo market was about the same as 2018, plus or minus 2%. The two big differences were median sales price, which rose just more than 13% to finish the year at $210,000, and days on market, up 8.6% over 2018. The 2019 sold listings slipped a total of 45 from 2018, just a 1.6% dip. We are...
New Year, new you, Colorado REALTORS®! With the changing of the decades, we have some exciting new changes “coming soon to an MLS near you" (I couldn’t resist)! As most of you know, 2020 is going to be the first year of the mandatory adoption of NAR’s new “Clear Cooperation” Policy. While some of you will be...