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Legalize It – Real Estate and Pot in Colorado

(This is the second part of a two-part series on Colorado’s unique marijuana laws and their impact on real estate, property rights and the business of REALTORS®. In the November issue, I covered the uncertain status of Colorado’s state marijuana laws in relation to federal drug law and the implications on property ownership. In Part Two below, I will address...

Single-Family Housing Prices Level Off in Much of CO

New listings, sales and inventory continue to challenge most markets The median price of a single-family home statewide in Colorado decreased to $300,900 in November, down about $17,000 from the year’s high in June according to market statistics released today by the Colorado Association of REALTORS®. Even so, compared to a year ago, single-family home prices were 9 percent higher...

Fewer Homes Sold In Colorado in October

Prices leveling out while inventory remains a significant challenge Fewer Colorado homes were sold statewide in October, the fourth consecutive month of declining home sales according to market statistics released today by the Colorado Association of REALTORS® (CAR).  The 6,965 single-family homes sold last month were 10 percent fewer than September and 23 percent fewer than the year’s peak number...

RPAC Day is December 10th – Help Protect Your Industry

Colorado RPAC Day is the perfect opportunity for all Colorado REALTORS® to recognize the importance of RPAC and invest! December 10th is Colorado RPAC Day! The REALTORS® Political Action Committee (RPAC) was established to fight for our industry so you don’t have to. RPAC works to promote homeownership and private property rights at the local, state, and national level. We...

Does a Fed Rate Increase Doom Housing?

by Mark Fleming, chief economist, First American. Article originally published in the 2015 October Edition of REAL Trends. While the Federal Reserve hasn’t raised rates yet, it could potentially decide, before the end of the year, to increase interest rates for the first time since 2008. The CME FedWatch Tool measures the market’s expectation of Fed target rates. One argument is...

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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...