Results for: first time home buyers

Garfield County’s Housing Supply Continues to Shrink

“While our market continues to struggle with low inventory, which of course results in higher prices, we are starting to see some new construction which brings hope to first-time homebuyers as well as move-up buyers,” said Erin Bassett, president of Glenwood Springs Association of REALTORS. “Spring should bring new resale inventory as well.” “We just, honestly, have no inventory,” Bassett...

Decade Closes with Record-Low Inventory Across Colorado

Housing markets gear up for most active months with little inventory as affordability improves Contact:  Marty Schechter for CAR 303-882-4585 cell                                                                                                     marty@schechterpr.com ENGLEWOOD, CO. – Jan. 13, 2020 – Colorado housing markets closed out the past decade with 10-year record or near record lows in several key inventory related categories, according to the latest monthly market data from...

2020 Forecast: Colorado Is Getting Older and Narrowing the Housing Gap, But Really Needs Middle-Wage Jobs

Tamara Chuang, who covers business and economic issues for the Colorado Sun, recently wrote an article highlighting Colorado’s economic and population growth over the past decade. Colorado’s population is expected to hit 5,842,076 people in 2020, an increase of 1.5 million people over the past 20 years. Elizabeth Garner, Colorado’s state demographer, says that while the state’s population has grown...

New Listings Drop 30 Percent Statewide; Low Inventory and Affordability Dominate Colorado’s 2019 Housing Market Story

Contact:  Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Dec. 11, 2019 – With a 30 percent dip in new listings statewide between October and November, the low inventory story continues to drive nearly every market across the state, according to the latest monthly market data from the Colorado Association of REALTORS® (CAR). The months’ supply of inventory...

Colorado Markets See Double-Digit Declines in Active Inventory

Wide range of local ingredients are flavoring housing markets across the metro area and state Contact:  Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Nov. 12, 2019 – The anticipated seasonal slowdown in the housing market’s new listings has been met with strong pending/under contract numbers creating 13-20 percent declines in the inventory of active listings across the...

Peterson: Why I Hate Transaction Brokerage!

by Scott Peterson, CAR General Counsel In the July issue of the Colorado REALTOR® magazine, I wrote “Be Afraid! Your Misuse of the Transaction Brokerage Relationship” describing some of the changes that were being proposed to the Colorado Real Estate Commission rules regarding brokerage relationships. At its August 5, 2019 meeting, the Real Estate Commission did, in fact, adopt the...

Hot or Not? Depends on Local Market Down to the Neighborhood

July housing sales strongest in years for select local markets while falling interest rates can’t overcome long-term inventory issues Contact:  Marty Schechter for CAR marty@schechterpr.com ENGLEWOOD, CO. – Aug 12, 2019 – With falling interest rates and less expensive mortgages, sales of single-family homes were strong in select local markets, including a record-setting month in Colorado Springs, but fell off...

June Brings Inventory and Price Relief to Colorado’s Housing Market

Following record-setting May, opportunities expand for buyers as appreciation cools and inventory improves ENGLEWOOD, CO. – July 11, 2019 – After reaching record highs for median pricing and new listings across the Denver metro region and state housing markets in May, a slight cooling in June – similar to what has happened in June the past two years – helped...

Demand Devours Inventory Despite Record Number of New Listings

FOR IMMEDIATE RELEASE   Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com    Demand devours inventory despite record number of new listings Record number of new listings across state can’t correct housing inventory and affordability challenges as prices continue climb   https://coloradorealtors.com/market-trends/regional-and-statewide-statistics/   ENGLEWOOD, CO. – June 12, 2019 – Despite a record number of new single-family (12,962) and condo/townhome...

Garfield County housing looking less affordable to open the year

Townhouses, condos and duplexes in portions of the Roaring Fork and Colorado River valleys sold at higher median sales prices to open 2019, according to the Colorado Association of REALTORS®. ### In Carbondale, for the months of January and February, the median sales price for the townhouse-condo category jumped 21.1 percent when put alongside last year’s data spanning the same...