Results for: first time home buyers

March spike in new listings does little to offset home buying demand, record appreciation, and sale price

ENGLEWOOD, CO – A much-needed spike in new listings from February to March did little to quell the continued insatiable appetite for housing in markets across the state, according to the March 2022 Market Trends Housing Report from the Colorado Association of REALTORS®. New single-family listings in the seven-county Denver metro area rose 47.5% percent from February to March 2022,...

Record breaking highs and lows challenge housing buyers statewide as supply disappears

ENGLEWOOD, CO – With the inventory of active listings down 40% to more than 70% in markets across the state compared to a year ago, potential home buyers are facing record-setting appreciation and median pricing in the face of all-time lows in active listings and months supply of inventory, according to the February 2022 Housing Reports from the Colorado Association...

Three Colorado Homes Make NAR’s First-Time Buyer, Season 2

Three different Colorado REALTORS® are featured in NAR’s “First-Time Buyer” which is streamed on Hulu. The show, an NAR-produced program in its second season, showcases the obstacles first-time homebuyers face with the guidance, expertise, and confidence provided by their REALTOR®. The REALTORS® in the episodes dealt with taking their first-time homebuyers through multiple offers; newer vs. old builds; and helping...

Home sales and under contracts counter new listings keeping median prices steady

ENGLEWOOD, CO – Oct. 12, 2021 – With new listings easily countered by the volume of closed and under contract properties, the median price of homes remains steady or has continued to rise in markets across the state, according to the latest monthly market data and analysis from the Colorado Association of REALTORS® (CAR). As a result, active listings in...

Telluride REALTORS® Fund Homebuyer’s Assistance Fund for 20 Years

The Telluride Association of REALTORS® (TAR) is celebrating its 20th year of providing grants to residents so they can afford to buy a home in their own town.   There are 155 TAR REALTORS® who are currently giving to the First Time Homebuyers Assistance Fund. Over the past two decades, TAR has disbursed $737,467, or about $3,000 per month. Tracy...

The Colorado Sun: As Colorado’s older homeowners consider moving, a hot housing market often keeps them stuck where they are

Equity in their current homes doesn’t buy what it used to, so some figure the prudent move is to adapt what they have. That makes the market even tighter. For many older adult homeowners, the idea of downsizing or simply moving to a home where the design and layout — plus accompanying financial considerations — makes more sense has run...

Median Price of a Single-Family Home in Colorado Tops $500,000 for First Time

Above asking price trend reaches new highs as insatiable homebuyer appetite continues and sellers ask, “what’s a buyer willing to pay?” ENGLEWOOD, CO – May 12, 2021 – Despite the first month-over-month increase in the inventory of active listings in nearly a year, an insatiable homebuyer appetite quickly offset those gains with increases in the number of properties under contract...

Coalition Tackles Housing Affordability Crisis with Introduction of Four Bills Aimed At Improving Short- And Long-Term Opportunities For Homeownership For All Coloradans

DENVER – With a growing list of housing affordability issues surfacing across the state, the Colorado Association of REALTORS® (CAR) has joined forces with Habitat for Humanity of Colorado to introduce a package of legislation designed to help improve the state’s long-term homeownership scenario and economic growth by addressing issues of housing affordability and access. Working with the support of...

Sellers Entrenched in Driver’s Seat as Scarce Housing Inventory Pushes Offers, Concessions and Median Prices to All-Time Highs Statewide

Buyers required to have patience, persistence, grit…and cash ENGLEWOOD, CO – March 10, 2021 – Colorado home sellers remain firmly entrenched in the driver’s seat as the inventory of homes available for purchase dropped to all-time lows across the Denver metro area and state, according to the February 2021 housing data from the Colorado Association of REALTORS® (CAR). At the...

NAR Finds Black Home Buyers More Than Twice as Likely to Have Student Loan Debt, Be Rejected for Mortgage Loans Than White Home Buyers

NAR officials say data reinforces need for implementation of key housing policy initiatives to close persistent minority homeownership gaps Key Highlights The U.S. homeownership rate was 64.2% in 2019. At 69.8%, the rate for non-Hispanic white Americans exceeds the national rate. However, the Black homeownership rate – 42% – represents a Black-white homeownership gap of almost 30%. The homeownership rates...