Results for: first time home buyers

Capitol Connection – April 2016

Senate Concurrent Resolution 004: Real Estate Transfer Tax For Affordable Housing. We are happy to report that SCR16-004, Real Estate Transfer Tax for Affordable Housing sponsored by Senator Ulibarri (D-Commerce City) died in committee on April 20th. The LPC opposed this bill and CAR gave testimony against the legislation in the Senate State, Veterans, & Military Affairs committee hearing. This...

Code of Ethics

Houses Appraising for Less Than Selling Price

It is a common problem lately in the Denver Metro area, which has seen a decrease in housing inventory and an increase in demand. “There are not enough houses, especially more affordable homes,” said Kelly Moye with the Colorado association of REALTORS. “First time homebuyers who don’t have a lot of cash are hit the hardest.” Watch the 7News Story:...

Inventory a Problem as Buying Season Approaches

A third consecutive month of increases in the number of homes coming onto the market in February was not significant in impacting the overall inventory of homes statewide which hit a six-year low.  The number of single-family homes added to the market in February (6,938) was an increase of 11 percent over January but still 4 percent below February 2015. ...

The Capitol Connection – January 2016

The Second Regular Session of the 70th General Assembly Kicks Off in 2016! The first gavel of the second session of the 70th General Assembly came down on Wednesday, January 13th, ushering in two new legislators, with a third legislator finding himself in a new chamber.  Throughout the coming weeks, we will introduce you to each new legislator in our...

Single-Family Housing Prices Level Off in Much of CO

New listings, sales and inventory continue to challenge most markets The median price of a single-family home statewide in Colorado decreased to $300,900 in November, down about $17,000 from the year’s high in June according to market statistics released today by the Colorado Association of REALTORS®. Even so, compared to a year ago, single-family home prices were 9 percent higher...

Does a Fed Rate Increase Doom Housing?

by Mark Fleming, chief economist, First American. Article originally published in the 2015 October Edition of REAL Trends. While the Federal Reserve hasn’t raised rates yet, it could potentially decide, before the end of the year, to increase interest rates for the first time since 2008. The CME FedWatch Tool measures the market’s expectation of Fed target rates. One argument is...

June Housing Sales Strong Throughout the State

June sales of both single-family homes and condominiums-townhouses were strong throughout the entire State of Colorado compared to the same month in 2014, according to market statistics prepared for the Colorado Association of REALTORS® (CAR) by 10K Research and Marketing, a Minneapolis-based real estate technology company using data provided by all of the Multiple Listing Services (MLS) in Colorado..    Last...

Buyer Frenzy and Bad Decisions

“Number one, cash is king… number two, communicate… number three, buy or bury the competition.”  – Jack Welch One of America’s most prominent business executives, Jack Welch, uttered those words in May, 2009 during the depths of our country’s most recent recession.  He was discussing business strategies for companies to survive during what was, at the time, a very uncertain...

Colorado Ranks 8th in Down Payment Programs

Colorado ranks 8th in the nation among states with the most down payment programs, according to Q2 data released by Down Payment Resource. With 68 programs available, Colorado programs offer closing cost assistance grants, mortgage credit certificates, first mortgage loans, and other programs such as employer assisted housing programs. Down Payment Resource has increased to include three percent more programs;...