Colorado Association of REALTORS | Residential Housing

archive,paged,category,category-residential-housing,category-1228,paged-19,category-paged-19,edgt-core-1.0,ajax_fade,page_not_loaded,,colorado association of realators-child-ver-1.0.0,hudson-ver-1.5, vertical_menu_with_scroll,smooth_scroll,blog_installed,wpbdp-with-button-styles,wpb-js-composer js-comp-ver-7.7.2,vc_responsive

Residential Housing

NAR Approves Sweeping New Fair Housing Action Plan

Posted on January 10, 2020

NAR, REALTOR® News, Residential Housing

© National Association of REALTORS®The 2020 NAR Leadership Team meets with HUD's secretary. From left: President-elect Charlie Oppler, President Vince Malta, HUD Secretary Ben Carson, CEO Bob Goldberg, Immediate Past President John Smaby, First Vice President Leslie Rouda Smith, Vice President of Association Affairs Mabél Guzmán, and Vice President of Advocacy Christine Hansen. Expect the National Association of REALTORS®...

Median Property Value Rose 50 percent in 2 Years in Elyria-Swansea and Globeville — Again

Posted on January 9, 2020

Communities, REALTOR® News, REALTORS® in the News, Residential Housing

Property tax bills are going out this month to Denver residents, which might lead some homeowners to file an appeal if they think Denver's assessor has made a mistake in the property's valuation. Denverite spoke with Denver-area REALTOR® Matthew Leprino, who explained that if a county assessor pegs a home’s value higher than the market might value it, it could...

After a Decade of Dramatic Gains, Metro Denver Home Prices Expected to Slow in 2020

Posted on January 7, 2020

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

“I will be telling any buyers who come through my office to be looking at a longer-term game. You won’t make $50,000 in appreciation in two years,” Matt Leprino, Colorado Association of REALTORS spokesperson, said. “You might see a lot of people pull the trigger on selling properties primarily income properties,” Leprino said. “You will see a larger influx of...

2020 Forecast: Colorado Is Getting Older and Narrowing the Housing Gap, But Really Needs Middle-Wage Jobs

Posted on January 7, 2020

Construction, General, REALTOR® News, Residential Housing, Stats & Trends

Tamara Chuang, who covers business and economic issues for the Colorado Sun, recently wrote an article highlighting Colorado's economic and population growth over the past decade. Colorado's population is expected to hit 5,842,076 people in 2020, an increase of 1.5 million people over the past 20 years. Elizabeth Garner, Colorado's state demographer, says that while the state's population has grown...

Boulder County Real Estate Market Likely Stay Stagnant into 2020

Posted on December 13, 2019

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

“Boulder County’s home prices are stuck in the snow and the wheels are spinning,” Boulder-area Realtor Kelly Moye stated in a Colorado Association of Realtors news release. “It’s like someone just held it in time and nothing changed. I think it’s a trend we are going to see continue, too.” “Wages aren’t keeping up with home prices in Boulder, so...

New Listings Drop 30 Percent Statewide; Low Inventory and Affordability Dominate Colorado’s 2019 Housing Market Story

Posted on December 11, 2019

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

Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Dec. 11, 2019 – With a 30 percent dip in new listings statewide between October and November, the low inventory story continues to drive nearly every market across the state, according to the latest monthly market data from the Colorado Association of REALTORS® (CAR). The months’ supply of inventory for both single-family...

Colorado’s Economy Is Predicted to Keep Growing in 2020, but Slower

Posted on December 9, 2019

REALTOR® News, REALTORS® in the News, Residential Housing

Colorado REALTOR Matthew Leprino recently spoke with the Colorado Sun regarding the state's continued growth and its effects on housing costs. He said there's still not enough housing for everyone moving to Colorado, which continues to cause prices to rise. “Boulder just got so expensive, especially due to the limit-growth initiatives that they have there. But now Broomfield is seeing...

Colorado Markets See Double-Digit Declines in Active Inventory

Posted on November 12, 2019

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

Wide range of local ingredients are flavoring housing markets across the metro area and state Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Nov. 12, 2019 – The anticipated seasonal slowdown in the housing market’s new listings has been met with strong pending/under contract numbers creating 13-20 percent declines in the inventory of active listings across the Denver-metro area and statewide,...

iBuyers: What REALTORS® Should Be Doing Now

Posted on November 11, 2019

General, REALTOR® News, Residential Housing

You could say that iBuyers and their effect on the real estate industry is this year's hot topic. A panel comprised of industry experts discussed the iBuyer phenomenon at this month’s Fall Forum in Beaver Creek, CO, and offered insight into ways REALTORS® can survive in an ever increasingly competitive industry. Brandon Wells, President of The Group, Inc., explained that REAL-TORS®...

Peterson: Why I Hate Transaction Brokerage!

Posted on November 5, 2019

General, Government Affairs, REALTOR® News, Residential Housing

by Scott Peterson, CAR General Counsel In the July issue of the Colorado REALTOR® magazine, I wrote “Be Afraid! Your Misuse of the Transaction Brokerage Relationship” describing some of the changes that were being proposed to the Colorado Real Estate Commission rules regarding brokerage relationships. At its August 5, 2019 meeting, the Real Estate Commission did, in fact, adopt the...