Results for: first time home buyers

Rising interest rates and inflation fears help pump the brakes on housing market pushing inventories higher and keeping median pricing flat

https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Buyer trepidation fueled by rising interest rates and inflation fears continued to contribute to an improving bottom line for housing inventory and helped keep median pricing relatively flat across the seven-county Denver-metro area and in markets statewide, according to the May 2022 Market Trends Housing Report from the Colorado Association of REALTORS®. New listings for single-family...

Half of the Lower 48 States in Danger of Wildfire

A new study shows that half of all addresses in the lower 48 states face wildfire risk. In some less-populated states, including Wyoming and Montana, more than 90% of properties are at-risk. “Frightening assessment,” said CAR’s Colorado Project Wildfire Chair Ulrich Salzgeber. A prediction model put together by the First Street Foundation, a nonprofit research and technology group, shows that...

“Unprecedented” and “shocking,” REALTORS® running out of ways to describe state’s record low housing inventory

ENGLEWOOD, CO – Despite a nice, but expected seasonal uptick in the number of new listings that came to the Colorado housing market in January, a strong month of pending/under contract activity quickly gobbled up available inventory, once again keeping active buyers pushing the limits of their budgets and patience, according to the January data from the Colorado Association of...

Record-shattering housing market showed no seasonal differentiation in 2021 Astounding highs and lows likely to continue well into 2022

ENGLEWOOD, CO – Record-low inventory combined with insatiable buyer demand drove housing prices to record highs in markets across Colorado in 2021, according to the December data and year-end analysis from the Colorado Association of REALTORS®. The resulting activity, prevalent from January through the end of the year in markets across the state, made it nearly impossible to define any...

Like everything else – Colorado’s housing market has a supply chain issue

Record setting lows in housing inventory once again push median pricing to new highs, magnifying issues of affordability ENGLEWOOD, CO – It seems everywhere we turn these days, there is a supply chain issue. No matter the size or scope of the product and services in demand, the supply chain is often the culprit in any effort to meet consumer...

It’s All About That Pace – Housing Inventory and Buyer Demand Tug-of-War Rages On, Results in Additional Increases in Median Prices Statewide

ENGLEWOOD, CO – In most markets across the state, the pace of available inventory slowed in October and was quickly consumed by the insatiable demand that has come to define the Colorado housing market in 2021, according to the latest monthly market data and analysis from the Colorado Association of REALTORS®. “The pace at which homes are selling remains robust,...

Summer getaways, back to school activities slow the pace and competition but Colorado’s housing markets remain hot through August

ENGLEWOOD, CO – Sept. 13, 2021 – End of summer vacations, kids returning to school, and typical seasonal slowdowns did not impact the continued hot housing market across the seven-county Denver metro area and state, according to the latest monthly market data and analysis from the Colorado Association of REALTORS® (CAR). Despite anticipated seasonal dips in new listings, under contracts...

Colorado REALTORS® Announce Legislators of the Year for 2021

ENGLEWOOD, CO. – The Colorado Association of REALTORS® (CAR), the state’s largest real estate trade association representing more than 29,000 members statewide, named four Colorado policymakers as “Legislators of the Year” for 2021: House Minority Leader Hugh McKean (R-Loveland), House Majority Co-Whip Kyle Mullica (D-Northglenn), Representative Shannon Bird (D-Westminster), and Representative Marc Snyder (D-Manitou Springs). This group of legislators worked...

From accelerating in the fast lane to a pump the brakes approach, Colorado’s housing markets deliver a touch of everything in July

ENGLEWOOD, CO – Aug. 11, 2021 – From the fast-paced acceleration of the express lanes to the pump-your-brakes gridlock of metro-area highways and weekend mountain traffic, Colorado’s housing markets are demonstrating a similar range of activity, as well as buyer and seller behavior, according to the latest data and expert analysis from the Colorado Association of REALTORS® (CAR). July data,...

MAKE A DIFFERENCE IN YOUR COMMUNITY

REALTORS® make a difference in their communities every day, and in 2020, Coloradans across the state needed our help more than ever. Thousands of Coloradans lost their jobs during the COVID-19 pandemic, jeopardizing their ability to pay for housing in a market already in the midst of an affordable housing crisis.  At its peak, more than one in ten Coloradans...