March 13, 2015
In
Government Affairs
Results for: first time home buyers
February 13, 2015
In
Government Affairs
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. ...
February 5, 2015
In
Consumer Awareness, General, REALTOR® News
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...
December 9, 2014
In
Consumer Awareness, General, NAR, REALTOR® News
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...
April 25, 2014
In
Government Affairs
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...
April 25, 2014
In
Government Affairs
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...
April 22, 2014
In
Consumer Awareness, General, REALTOR® News
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...
April 18, 2014
In
Government Affairs
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...
April 11, 2014
In
Government Affairs
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...
February 14, 2014
In
REALTOR® News, REALTORS® in the News