Colorado Association of REALTORS | Residential Housing

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Residential Housing

Colorado Conversations About Affordable Housing

Posted on April 13, 2022

Government Affairs, REALTOR® News, Residential Housing

CAR’s Vice President of Government Affairs Liz Peetz was part of a panel addressing Colorado’s access to housing and affordability. The program was hosted by the Denver Gazette, which posed questions to panel members who included Ted Leighty, Colorado Home Builders Association; Jonathan Cappelli, Neighborhood Development Collaborative; Peter LiFari, Maiker Housing Partners; Karen Kallenberg, Habitat for Humanity Colorado; and Liz Peetz, CAR. Many reasons for the problem...

March spike in new listings does little to offset home buying demand, record appreciation, and sale price

Posted on April 12, 2022

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

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – A much-needed spike in new listings from February to March did little to quell the continued insatiable appetite for housing in markets across the state, according to the March 2022 Market Trends Housing Report from the Colorado Association of REALTORS®. New single-family listings in the seven-county Denver metro area rose 47.5% percent from February to March 2022, while statewide new listings...

‘Coming Soon’ Listings: Industry Marketing Tool Still Needed?

Posted on April 8, 2022

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

Despite low inventory and fierce competition among home buyers, the popular “Coming Soon” Listings are still being used as an industry-standard tool for sales and marketing. The MLS supports the early listings and accompanying signs if they are posted no longer than seven days in advance. This is in accordance with NAR’s Clear Cooperation Policy to curb “pocket” listings to...

More Expensive to Buy a Home Outside of Denver

Posted on March 23, 2022

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

In February, CAR’s Market Trends showed that a home in Douglas County, Colo., is selling for a median price of $706,000, while Denver’s prices are at $659,0000. Jeffco and Broomfield home prices are also higher than Denver. Adams County comes in with a lower price point at $550,000. Some speculate that low inventory in Denver and people’s ability to work...

Consumers Not Giving Up on Dream Home Due to Interest Rates

Posted on March 22, 2022

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

Buyers are still determined to buy a home despite interest rate increases. “I think people realize later does not mean better,” said CAR Spokesperson Kelly Moye. “Later could mean worse. Our prices appreciated 25% last year. Those people who didn’t buy a year ago are kicking themselves today.” The Federal Reserve announced on March 17 that the interest rate would increase by a quarter percent...

Colorado Home to Largest Population of Multigenerational Homebuyers

Posted on March 9, 2022

Communities, NAR, REALTOR® News, Residential Housing

The popularity of multigeneration living is in flux throughout the nation, according to two recent reports. Colorado, along with Arizona and Nevada, had the largest increase in multigenerational households, which is defined by three or more generations who live in the same home. From 2014 to 2019, that increase went up 12.34 percent across the three states, according to a study from LendingTree. The NAR’s Home...

Companies Now Offering to Make Cash Offers on Homes for the Public

Posted on February 28, 2022

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

Prospective homebuyers who keep losing out on homes because of a lack of a cash offer could have a new option. The concept is called shared appreciation, where some companies are offering to put a cash offer in for a homebuyer if they cannot, and then get paid back later. The company will typically place the cash offer for the buyer after signing the...

Homeownership Uptick in 2021, Black Homeownership Down 1%

Posted on February 28, 2022

REALTOR® News, Residential Housing

While more than 65% of Americans owned a home in 2021—the highest amount ever—the black community’s rate of homeownership was only 43% nationally, down 1% from last year. This and other data were covered in NAR’s latest Snapshot of Race and Home Buying in America Report. “As the gap in homeownership rates for Black and White Americans has widened, it is important to understand the...

REALTORS® Redefine What “Luxury” Means in Hot Housing Market

Posted on February 16, 2022

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

Several Denver Metro-area real estate experts in reporting that $1 million is no longer the price point for a luxury home. To live in luxury in Denver, buyers should plan to pay between $1.5 to $2 million or more, and likely on the higher end of that range. “It’s less and less likely that buyers can get the luxury home they pictured by paying...

Stay or Go in Estes Park

Posted on February 11, 2022

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

“There are plenty of thought-provoking choices to make in life--more so when you take a glance at predictions and numbers that can relate back to your or your client’s livelihoods,” said Estes Park REALTOR® and CAR Spokesperson Abbey Pontius. In Estes Park, the average sales price of a single-family home is $583,367, and townhomes and condos are at $393,000. “This amount of money will have...

Residential Housing

Colorado Conversations About Affordable Housing

March spike in new listings does little to offset home buying demand, record appreciation, and sale price

‘Coming Soon’ Listings: Industry Marketing Tool Still Needed?

More Expensive to Buy a Home Outside of Denver

Consumers Not Giving Up on Dream Home Due to Interest Rates

Colorado Home to Largest Population of Multigenerational Homebuyers

Companies Now Offering to Make Cash Offers on Homes for the Public

Homeownership Uptick in 2021, Black Homeownership Down 1%

REALTORS® Redefine What “Luxury” Means in Hot Housing Market

Stay or Go in Estes Park

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