The Telluride Association of REALTORS® (TAR) is celebrating its 20th year of providing grants to residents so they can afford to buy a home in their own town. There are 155 TAR REALTORS® who are currently giving to the First Time Homebuyers Assistance Fund. Over the past two decades, TAR has disbursed $737,467, or about $3,000 per month. Tracy Boyce, a contributing REALTOR® says, “I...
Freddie Mac released research supporting the appraisal gap and focus areas for possible solutions. After evaluating 12 million appraisals for single-family home transactions from 2015-2020, Freddie Mac found that 13 percent of properties in black and Latino census tracts received lower appraisal values, compared to 7.4 percent in white tracts. Freddie Mac will look at possible answers to this...
Boulder is one of the three most popular college towns for young adults to buy a home. Although the median sale price in the city is $1 million, Boulder ranked third. Only Champaign, Ill., ($180,000 median price) and Burlington, Vt., ($415,00 median price) are more popular. Economic stability, a low-key lifestyle, and affordability were cited as reasons why people choose...
In Aurora’s more affordable northern neighborhoods along the Colfax corridor and Delmar Park, the city has half of the inventory it had last year and a median sales price of $400,000, which is up about 30 percent. The southern and eastern areas of Aurora and their newer developments have pushed the new median high to $706,000. CAR spokesperson and Aurora-area...
NAR has launched a series of communications targeted to renters, housing providers, state/local elected officials, and opinion leaders about the availability of rental assistance in Denver beginning Friday, Sept. 10th. The message of the online ad underscores that Congress has allocated $46.55 billion in emergency rental assistance relief for renters and housing providers who are struggling due to the impact of...
One company’s answer to the affordable housing shortage is providing a place to stack containers customized into manufactured homes, which could then be shipped to similar buildings in other states. Stackhouse, is a Denver-based company that offers a way to stack containers in an eight-story building with 62 slots. The cost of one of these homes is $110,000 for a 320 square-foot floor pan, and...
Littleton, Aurora, Colorado Springs, and Denver ranked in the top 10 most competitive cities for homebuying according to real estate brokerage Redfin. Some of these cities are called “Zoom cities” after the popular video conferencing app, which refers to the popularity of working from home and the subsequent uptick in real estate sales. While many cities across the nation reported some cooling off on the amount...
REALTOR.com reports that Colorado Springs ZIP code 80916 (on the southeast side) is the nation’s “hottest” market for sales in the entire nation. The southeast side of the city outranks ZIP codes in Rochester, NY, and Boston, Mass. According to CAR’s July Market Trends Report, the median home price for homes in all of El Paso County is $450,000. In the 80916 ZIP code, the...
We all know Denver’s real estate market is about as hot as the sweltering temperatures outside, but realtors are hoping it could heat up even more when they break out the drones to capture jaw-dropping video of homes for sale. “In construction, drones are very important for surveying, for ICD’s, for everything,” said Vincent Coleson, who’s built and sold dozens of...
Northern Colorado is short thousands of housing units, according to Crisafulli, and the Common Sense Institute estimates the number is over 175,000 statewide — a number that various people and local governments view as too low or too high. Either way, the deficit is contributing to double-digit percent price increases across the state and stressing out working class families looking for a...