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Results for: colorado springs

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...

Capitol Connection: May 1, 2015

CALL FOR ACTION- OPPOSE Senate Bill 284 The Legislative Policy Committee (LPC) OPPOSES SB15-284, Voter Approval TIF Payments Ag Land, by Senate President Bill Cadman (R-Colorado Springs), Senate Majority Leader Mark Scheffel (R-Parker), Representative Ed Vigil (D-San Luis) and Representative Paul Lundeen (R-Monument).  This legislation is designed specifically to kill the Gaylord Rockies Hotel and Conference Center. The late bill...

Construction Defects Reform Dies in House Committee

Unfortunately, after a long hearing, SB177 was defeated in the House State Affairs Committee, aka the kill committee, on a party line vote with the Democrats voting no and the Republicans voting yes.   We would like to thank our House sponsors – Rep. Singer and Rep. DelGrosso and our Senate sponsors – Sen. Scheffel and Sen. Ulibarri.  Thanks to...

Capitol Connection: April 24, 2015

CALL FOR ACTION- Senate Bill 177 SB15-177, HOA Construction Defect Lawsuit Approval Timelines, has been scheduled for a hearing on Monday, April 27th, in the House State, Veterans, and Military Affairs Committee.   This committee is known as the “kill” committee.  Now is the time to act by responding to our Call for Action!  Now is the time to convey to...

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,...

Capitol Connection: April 17, 2015

Senate Bill 177- Construction Defects Reform PASSED the Senate SB15-177, HOA Construction Defect Lawsuit Approval Timelines, passed the Senate on 3rd reading this week with bipartisan support on a vote of 24-11.  We are expecting it to be introduced in the House in the coming days.  Please click here to urge your State Representatives to allow SB 177 a Fair Hearing...

Capitol Connection: April 10, 2015

HB 1343 HOA Manager Licensing Reform HB15-1343, Streamline HOA Manager Licensing Requirements, by Representative Angela Williams (D-Denver) and Senator Nancy Todd (D-Aurora), was SUPPORTED today by the Legislative Policy Committee (LPC).  The primary motivation for REALTORS® desiring to amend the HOA manager licensing law is to exclude from licensure any CEOs, managing brokers or other brokerage executives that do not...

Capitol Connection: April 3, 2015

SB 210 Title Insurance Commission The Legislative Policy Committee (LPC) voted to SUPPORT SB15-210, Title Insurance Commission, by Senator Laura Woods (R-Arvada) and Representative Jeni Arndt (D-Fort Collins).  The bill creates the Title Insurance Commission in the Division of Insurance (division) in the Department of Regulatory Agencies (DORA) as a Type 1 agency for the purposes of: proposing, advising, and...

Capitol Connection: March 27, 2015

Mid-Session Update With a little over a month left in the legislative session this year, we want to take some time to update you on the progress of the bills we have been monitoring.  The Legislative Policy Committee has reviewed 57 bills and has taken a position on 25 of them.  We are in SUPPORT on 15, NEUTRAL on 5,...