Colorado Association of REALTORS | Residential Housing

archive,paged,category,category-residential-housing,category-1228,paged-20,category-paged-20,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

CAR Government Affairs Staff Examines How Communities Are Tackling Housing Affordability

Posted on November 5, 2019

Communities, General, Government Affairs, REALTOR® News, Residential Housing

CAR Vice President of Government Affairs Elizabeth Peetz and Government Affairs Manager Bridget Garcia authored an article for the November 2019 issue of Colorado Lawyer in which they discuss how states, including Colorado, are addressing the challenges of affordable housing. As Peetz and Garcia note, states have used a variety of innovative funding sources for affordable housing, which include: Marijuana revenue: the...

Springs Housing Market Stays Strong Amid Seasonal Challenges

Posted on October 29, 2019

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

“September 2019 was another strong month for the Colorado Springs-area housing market for single-family/patio homes,” Colorado Springs REALTOR Jay Gupta said. " “Our average sales price was $368,430, with the median sales price of $325,500, and a 1.5-month supply of inventory,” Gupta said. “Since buyers generally purchase properties offering competitive values, 42 percent of El Paso and 31 percent...

Boulder Housing Market Stays Steady

Posted on October 22, 2019

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

Kelly Moye, a Broomfield-based RE/MAX Alliance Realtor and former president of the Boulder Area Realtor Association, told the Boulder Daily Camera, “It’s staying really steady. There are no huge dips or increases in home prices.” Only when prices go down more than 3% do people begin to take notice, Moye said. Sellers received almost 99% of the listed price for...

FHA Condo Rule Change Could Help More Buyers Break into Boulder Market

Posted on September 30, 2019

Communities, Construction, Government Affairs, REALTOR® News, Residential Housing

On Oct. 15, new rules will go into effect that will reduce regulatory barriers, making purchasing a condo in more expensive markets a bit easier. For example, the new rule will allow certain individual condominium units to be eligible for FHA mortgage insurance even if the condominium project is not FHA approved. (The condo unit needs to be in a...

Report: 2012’s Homebuyers Have Seen Equity Skyrocket

Posted on September 30, 2019

Communities, REALTOR® News, Residential Housing

According to a recently released report from Redfin, people who bought a home during the downturn in 2012 have earned a median of $141,000, or 261 percent. The median home equity growth for Colorado Springs was among the highest, with an increase of $149,000 (677 percent). In Denver, the median home equity growth was 555 percent and the median home...

Aerial view of residential neighborhood with view of downtown Denver.

Denver Asks Residents to Fill Out Survey on 2020 Housing Action Plan

Posted on September 18, 2019

Communities, REALTOR® News, Residential Housing

The Denver Economic Development & Opportunity office recently released a draft version of the 2020 housing action plan. The city is asking for feedback from residents as it relates to housing policies and spending priorities. Denver has $30.6 million set aside to address housing next year, including $12.9 million to address homelessness. Denver residents have until Oct. 10, 2019 to...

Study Shows Short-Term Rentals Have Little Effect on Cost of Homes

Posted on September 17, 2019

General, REALTOR® News, Residential Housing

9News recently reported on a study conducted by Denver's Economic Development department showing that short-term rentals, such as AirBNB, have little impact on the cost of homes. Short-term rentals make up about 1% (306,714 units) in Denver. According to the report, “Short term rentals in Denver do not appear to have an impact on housing costs at the citywide level....

August Market Trends: Signs of a Shifting Market? Homes in Colorado Are More Affordable But Taking Longer to Sell

Posted on September 12, 2019

Communities, Consumer Awareness, General, Local Association, Market Trends, Market Trends & Statistics, REALTOR® News, Residential Housing, Stats & Trends

Regional and Statewide Statistics Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Sept. 12, 2019 – Still far from what would be defined as balanced, Colorado’s residential housing data continues to show signs that markets are shifting, according to the latest monthly market data from the Colorado Association of REALTORS®. Despite three-year lows on interest rates...

Funding Available for Projects Addressing Forest Health, Wildfire Risk

Posted on August 28, 2019

Colorado Project Wildfire, Communities, Environment, REALTOR® News, Residential Housing

FORT COLLINS, Colo. – August 26, 2019 – Wildfires are both natural and inevitable – including in wildland-urban interface settings where millions of Coloradans live. These fires can be particularly destructive in areas where forests are unhealthy, unmanaged and unnaturally dense. For those interested in taking action, but who have lacked the means, funding is now available to help...

Duplexes Are Becoming More Popular with Denver-Area Buyers

Posted on August 21, 2019

Communities, Consumer Awareness, REALTOR® News, Residential Housing

As Denver continues to see unprecedented growth, developers have struggled to meet increased demands for housing. One way to meet those demands has been to demolish single family homes and replace them with duplexes. Colorado REALTOR® Matthew Leprino told Denver Channel 7 that he's encountering many buyers who are attracted to duplexes, which are selling almost as fast as single-family homes. ...