Results for: first time home buyers

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...

2020 Profile of Home Buyers and Sellers Colorado Report

The NATIONAL ASSOCIATION OF REALTORS® Profile of Home Buyers and Sellers is an annual survey of recent home buyers and sellers who purchased in the last year, from July 2019 to June 2020. This report allows industry professionals to gain insight into detailed buying and selling behavior. While every year is a unique time capsule where buyers and sellers purchase...

Gen X, Millennials Likely to Keep Home Buying Strong for Years to Come

Between 2018 and 2028, the number of households is projected to increase by up to 12 million. Generation X and millennials are expected to drive most of that household formation. As they replace dropped households over that time, the two generations could add nearly 25 million new households by 2028, according to the CoreLogic Insights Blog. The largest cohort of...

Buyers Impersonate Pac-Man Gobbling Up State’s Housing and Driving Active Inventory to a New Record Low

ENGLEWOOD, CO – Oct. 12, 2020 – Forty years after the release of the iconic Pac-Man video game, and a doubling of the state’s residential population to 5.8 million, Colorado house hunters have created their own version of the hungry, energy seeking video character, gobbling up available housing while frantically maneuvering through the residential market maze – all while trying...

July Home Sales Shatter Records; Nearly Double from May to July Driving Median Pricing to Record Highs Across Colorado

Contact:   Marty Schechter for CAR 303-882-4585 cell  marty@schechterpr.com    ENGLEWOOD, CO – Aug. 12, 2020 – A record number of single-family homes sold in July have shattered state records and driven median home prices to record highs as well, according to the latest monthly housing data from the Colorado Association of REALTORS® (CAR). Despite another strong month of new listings,...

Colorado resort towns see flood of home buyers, burst in school enrollment

By Jason Blevins, The Colorado Sun Urbanites fleeing cities for homes in the hills are pulling mountain resort real estate out of a pandemic slump. Inventories are dwindling, prices are soaring and resort-town schools are seeing enrollment climb as second-home owners and newcomers settle in places like Steamboat Springs, Vail, Crested Butte, Telluride and Aspen. Telluride REALTOR® George Harvey is...

Home Prices Up Across Colorado Despite Snowy, Cold February

Winter weather doesn’t slow home sales as buyers gobbled up record low inventory ENGLEWOOD, CO. – March 11, 2020 – A growing number of homes coming onto the market in the first few months of the year, coupled with a cold and snowy February, wasn’t enough to offset pent-up demand from buyers ready to gobble up available single-family homes and...