Colorado Association of REALTORS | Residential Housing

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Residential Housing

Aspen Board of REALTORS® Files Suit Against City of Aspen for Emergency Rule That Places Moratorium on Residential Development and Short-Term Rental Licenses

Posted on January 5, 2022

Local Association, REALTOR® News, Residential Housing

The Aspen Board of REALTORS® (ABOR) has filed suit against the City of Aspen and each member of the Aspen City Council in response to an Aspen City Council emergency ordinance adopted on December 8 that put a hold on residential development and short-term rental licenses. ABOR’s complaint argues that the City Council did not follow due process and deprived public involvement, violating Aspen’s home-rule charter...

Support Boulder County Wildfire Victims

Posted on December 31, 2021

CAR Foundation, Communities, Community Giving, Consumer Awareness, General, Local Association, NAR, REALTOR® News, Residential Housing

CAR Family – Although the Marshall and Middle Fork fires continue to burn across Boulder County and the surrounding communities, our leadership team has been working with local association leaders and your CAR Foundation to take some initial steps in support of the thousands of wildfire victims. Beginning immediately, you can make financial contributions to the CAR Foundation using the link below. This is...

Report: Urban Affordable & Free Housing Found in Unexpected Places

Posted on December 21, 2021

REALTOR® News, Residential Housing

Urban areas of Denver and Aurora are getting creative in funding and finding affordable housing. Denver’s City Council approved a rezoning effort along East Colfax to allow for Accessory Dwelling Units “ADU”, sometimes called, “Granny Flats.” This rezoning change allows property owners to use their garages, attics, or even new builds to rent, without having to seek the city’s permission first. East Colfax now has...

Million-Dollar Homes in Colorado Not What They Used to Be

Posted on December 17, 2021

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

There are more million-dollar homes on the market all over Colorado than there were just a few years ago, and some are small or need improvements. “There are homes out there that need a lot of work that are a million, too, and they’re priced appropriately,” said CAR spokesperson Kelly Moye. “So, it’s interesting to see how our market has joined San Francisco, New York,...

New Aspects of Wildfires Endanger Housing; REALTORS® Can Help

Posted on December 15, 2021

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

The saga to build much-needed housing inventory in our mountain communities continues with some new challenges. According to a report from Community Wildfire Planning Center, the number of units built in the wildland-urban interface in Colorado increased 74% since 2010. This also includes an acreage increase of 300% from 2010-2030. Some mountain towns that are unable to sustain these increases are turning down development due...

Home Price Increases Predicted to Slow

Posted on December 7, 2021

REALTOR® News, Residential Housing

Homebuyers can look forward to slower price increases on home sales this year, according to Realtor.com’s 2022 housing forecast. Buyers can also expect the same “lively” market pace as 2021. Among the report’s predictions, some of Colorado’s largest markets are expected to make big gains both in the number of sales and price increases. Colorado Springs sales are expected to...

Congresses’ Opportunity Zones Doubled Median Home Prices

Posted on November 22, 2021

NAR, REALTOR® News, Residential Housing

Adams County, Colorado, and nine other cities across the country benefitted from the establishment of Opportunity Zones, which were created by the Tax Cuts and Jobs Act of 2017. Congress enacted these laws to help revitalize low-income areas and give investors significant tax breaks to invest in properties in these cities. Adams County’s median price rose to $429,000 in 2021, which was up from $222,500...

Investors Show Increased Interest in Denver Market

Posted on November 18, 2021

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

Investors are snapping up homes at an unprecedented pace, including in Denver, where nearly 17% of home sales went to investors, according to a report from Redfin. The brokerage defines an investor as any business entity that purchases residential homes, including through an LLC or trust. Real estate offers a way to hedge against inflation and represents an asset class...

Zillow Pulls Out of iBuyer Market; Selling Hundreds of Front Range Homes

Posted on November 16, 2021

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

Zillow Offers bought hundreds of homes along the Front Range in August and September, often paying more than what sellers were asking. Now the company is selling more than 500 homes in 10 Front Range counties, and more homes it purchased in October are hitting the market every day. Nearly all the properties being sold are priced well below what the company paid only...

October Stats Show Worse Inventory, Increased Median Price

Posted on November 12, 2021

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

CAR’s October 2021 Market Trends reports that the sales price of homes has increased 15% across Colorado since Oct. 2020. Mountain town inventory is down by as much as 41% compared to last year. “It seems the definition can sometimes change from month to month as a relative response to what a ‘normal’ house sells for,” said Durango REALTOR® Jarrod Nixon. He says that...