Results for: first time home buyers

New Year Brings Increased Housing Inventory, Slowdown in Sales

Most areas of Colorado saw an increase in housing inventory (properties available for purchase) during the first quarter of 2014 compared to the previous quarter (Q4 2013). New listings increased 35 percent statewide from Q4 2013 to Q1 2014 and 5 percent compared to Q1 2013.  At the same time, overall sales slowed down 19 percent in Q1 2014 compared...

Capitol Connection: April 18, 2014

HB 1136 Signed by the Governor CAR initiated HB 14-1136, which effectively provides a state licensing agency, such as the Real Estate Commission, the authority to approve education programs from providers of CE toward its licensees without an additional layer of approval from the Department of Higher Education.  The legislation also removes the restriction of membership among trade associations offering...

Capitol Connection: April 11, 2014

Construction Defects Legislation The LPC met Wednesday and thoroughly discussed construction defects draft legislation before deciding to SUPPORT the draft.  CAR will also join the coalition Homeownership Opportunity Alliance (HOA), a consortium of affordable housing, business, real estate and local government representatives; formed to help meet the demands of home buyers, increasing the supply of affordable housing, promoting the repair...

Housing Recovery Slows Down End of Year

Through the first three quarters of 2013 most areas of Colorado showed steady and significant improvement on such leading housing indicators as sales, median pricing and days on the market.  During the fourth quarter the housing market overall slowed down significantly, a trend that some experts believe will carry into 2014. Sales of single-family homes, condominiums and townhouses (taken together)...

Flood Damage to Properties Under Contract

On September 16, 2013, the Colorado Office of Emergency Management released its initial estimate of the number of homes damaged by the recent flooding. Officials estimate that the flooding damaged 17,494 homes and destroyed another 1,502 homes. The damage will undoubtedly affect potential home sales and, it will be critical that consumers and their REALTORS® understand the complexities and legal...