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...
Beginning Jan. 21, 2020, the former Quality Inn & Suites at 3737 N. Quebec St. in Denver that once welcomed weary travelers will now provide shelter for a different type of clientele. Renamed Fusion Suites, the former hotel will now provide housing for Denver residents experiencing temporary homelessness and it could become a model for future affordable housing developments. The...
“While our market continues to struggle with low inventory, which of course results in higher prices, we are starting to see some new construction which brings hope to first-time homebuyers as well as move-up buyers,” said Erin Bassett, president of Glenwood Springs Association of REALTORS. “Spring should bring new resale inventory as well.” “We just, honestly, have no inventory,”...
Colorado General Assembly Kicks Off A New Decade The Second Regular Session of the 72nd General Assembly Opened on January 8, 2020 The first gavel of the second regular session of the 72nd General Assembly came down on Wednesday, January 8th under the leadership of Senate President Leroy Garcia and Speaker of the House KC Becker. As of this afternoon, 170 bills...
“Our Colorado market has become so tough and unaffordable that the U-Haul report showed that people are now coming here less than they were just last year. In 2018 Colorado ranked number 16 on the list of states to move to. We now sit at 42 as word on the street is, we cost too much,” said Patrick Muldoon, a...
Millennials are flocking to affordable smaller cities, baby boomers are retiring in walkable communities that offer urban amenities, and Gen Xers are heading to larger, high-priced markets. Realtor.com® researchers recently evaluated the migration trends of the generations. Life stages—growing families, retirement, and employment—continues to drive demand in housing. Millennials, the largest U.S. generation ever, is particularly making its mark on the...
Housing markets gear up for most active months with little inventory as affordability improves Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Jan. 13, 2020 – Colorado housing markets closed out the past decade with 10-year record or near record lows in several key inventory related categories, according to the latest monthly market data from the...