Results for: first time home buyers

Higher Tax Assessments Show Improved Markets

As Colorado property owners have been receiving their 2015 tax assessments this spring, they can point to a steady increase in the price of homes sold in Colorado over the last several years as the cause for somewhat dramatic increases in their property valuations. Home values throughout the state continued to move upward in April, extending a pattern that began...

Tight Metro Denver Inventory a Problem

Original article posted in Denver Business Journal. See the article by clicking here, or read the highlights in our post below.   Tyrone Adams — a few weeks into his appointment as president of the Colorado Association of REALTORS — talked about the challenges facing the residential real estate industry and how he plans to help members deal with those challenges. He also talked...

High Rent Pushing More Millennials to Consider Buying

Millennials. Many were raised during the housing crisis and the recession. Their childhood experiences in a down market has shaped their outlook on home ownership. At least, that was the prevailing belief. A few years ago, it looked as though the millennial generation was rather uninterested in buying a home. In 2013, NAR was releasing reports showing a gradual, year-to-year,...

Mayor Hancock Testifies in Favor of State Senate Bill 177

DENVER – On Wednesday, March 18, Mayor Michael B. Hancock testified at the Colorado State Senate Business, Labor and Technology Committee hearing on SB-177, Construction Defects Legislation. The Mayor testified in favor of the proposed legislation, and articulated how the bill is critical to remove barriers and help Denver provide its residents with access to safe, decent, affordable housing in a...

Capitol Connection: March 13, 2015

Tell your legislators to Support SB177! Urge your State Legislators to SUPPORT SENATE BILL 177—Fix the Defect in Colorado’s Construction Law A big hurdle to building more entry-level housing is a defect in state law that exposes homebuilders and homeowners to a high risk of expensive, time-consuming litigation. It is referred to as the construction defects law. It has created...

Capitol Connection: February 13, 2015

SOLD OUT! REALTOR® Day at the Capitol: Tuesday, February 17th 2015 REALTOR® Day at the Capitol is SOLD OUT.  We will be having no on-site registration for this event.  For our attendees, we are looking forward to seeing you Tuesday morning.  We will begin with an optional morning program where you can observe the House or Senate floorwork at 9AM. ...

CHFA Offering Grants for Down Payment Assistance

Colorado Housing and Finance Authority (CHFA) announced this week that it is now offering its down payment assistance for homebuyers in the form of a non-repayable grant. The program will provide qualified borrowers with down payment and closing-cost assistance for up to 5 percent of the purchase price of a home.With Colorado home prices having increased by six percent in 2014...

Fannie and Freddie Launch 3% Down Program

Mortgage giants Fannie Mae and Freddie Mac have launched a program called Home Possible Advantage, a conventional mortgage with 3 percent down-payment requirement designed for low-and moderate-income borrowers. The program is expected to expand credit for qualified home buyers who may have been priced out of the market due to higher down-payment requirements. Home Possible Advantage is a conforming conventional...

Capitol Connection: April 25, 2014

HB 1373 Senior and Disabled Veteran Property Tax Exemption LPC voted to SUPPORT HB 14-1373, Concerning individuals who may claim the property tax exemption for qualifying seniors and disabled veterans.  This bill modifies the state’s Homestead Exemption to extend its benefits to certain individuals who are not eligible under current law. Specifically, the bill permits the following owners of residential...

The Tax Reform Act of 2014 – What You Need to Know

Efforts to simplify the nation’s tax code sounds like a simple enough idea. It sounds like good news until you read through Michigan Congressman Dave Camp’s Tax Plan and see that the proposed ideas will hit homeowners the hardest. The proposals behind the Tax Reform Act of 2014 promises to provide a big financial blow to first-time home buyers, homeowners who have seen large gains...