Results for: first time home buyers

Record low inventory and consistent sales outweigh bump in new listings across Colorado’s housing market

FOR IMMEDIATE RELEASE   Record low inventory and consistent sales outweigh bump in new listings across Colorado’s housing market   https://coloradorealtors.com/market-trends/   Key findings from the February 2017 research report include: 30 percent increase in new statewide listings offset by strong sales and record low inventory Statewide inventory down nearly 40 percent from one year ago Active listings down 8...

Restrictions on the Supply of Affordable, Entry-Level Housing in Colorado

Restrictions on the Supply of Affordable, Entry-Level Housing in Colorado   March 2, 2017 EXECUTIVE SUMMARY   Over the last five years, home price increases in metro Denver have significantly outpaced price increases in the rental market. This has made it harder for potential buyers, particularly first-time buyers, to purchase homes. While demand for home ownership plummeted as a result...

Three More Down Payment Assistance Myths Debunked

Three More Down Payment Assistance Myths Debunked   Can you qualify to buy a home now? Many renters actually have the income and credit qualifications to buy a home, and simply need to overcome the down payment hurdle. Too often, long held myths about homebuyer programs can hold you back.   We debunk three more surprisingly common myths about down payment assistance....

Despite Bump in New Listings, Record Low Inventory Continues to Dominate Colorado’s Housing Market Conditions

Key findings from the January research report include:   Record-low inventory still dominates Colorado market 42 percent increase in January 2017 new listings over December 2016 Sold listings down 28 percent in January due to record-low inventory Active listings remain at historic lows Denver Metro area has just over one-month inventory supply – less than one month for condos and...

Colorado median sales prices rise 10 percent in 2016

Market playing out low inventory, high demand theme. While the median price of a Colorado home remained flat in December 2016 at $315,000, buyers and sellers experienced a 10 percent increase in the median sales price over the course of the year, according to the latest statewide housing report from the Colorado Association of REALTORS® (CAR). With a median sales...

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Consumer Resources

Thanks to REALTORS, H.R. 3700 passes the U.S. Senate

Due to the overwhelming response from REALTORS® in Colorado and across the country contacting their Senators, we are excited to report that H.R. 3700 passed the U.S. Senate on July 14, 2016! Once again the voices of REALTORS® were heard loud and clear on Capitol Hill and last night we scored a big win! Thanks to you, and more than...

Capitol Connection – May 2016

Sine Die! Wednesday, May 11th, the final gavel came down on the second session of the 70th General Assembly.  In total, 789 bills were introduced.  CAR tracked 65 bills this year and took a position on 37 of them.  A split Legislature this year with Republicans controlling the Senate and Democrats controlling the House meant every bill sent to the...

New Listings and Sales Improve From March to April

Weak inventory challenging to both buyers and sellers. There were more new listings and sales of both single-family homes and condominiums/townhouses in Colorado in April than in March but both categories still lagged significantly behind a year ago according to statistics announced today by the Colorado Association of REALTORS (CAR). Single-family home listings increased 11 percent to 10,725 and sales...