Results for: first time home buyers

Berthoud Homebuilder’s Mission: Affordability

Mission Homes Colorado to break ground in July on houses starting in mid-$200,000s By Craig Young Reporter-Herald Staff Writer   For several years, builders in the region have said that it’s not possible to construct a detached single-family home that would sell for less than $300,000.   “On the Front Range, the conversation starts in the mid-$300,000s,” he said. “But...

Colorado Home Prices Continue to Rise: 2017 a Record-Breaking Year

Median sales prices rise 10 percent in back-to-back years lack of inventory a consistent theme statewide   ENGLEWOOD, Colo. – Jan. 11, 2018 – From the Denver metro area’s urban core and suburbs, to smaller communities across the state, Colorado’s housing market experienced back-to-back years of 10 percent bumps in the median sales price of a single-family home as record...

Becoming a First-Time Buyer in America’s Least Affordable City

Becoming a First-Time Buyer in America’s Least Affordable City June 15, 2017     For millennials in America’s fastest growing cities, becoming a first-time homebuyer is more challenging because average wages can’t keep up with the rising cost of a median priced home. And, Denver takes the number one spot as the least affordable hot spot for millennial buyers, according...

The First-Time Homebuyer Savings Account Act

Mike Coffman 06/07/2017 | Press release | Distributed by Public on 06/07/2017 17:46 The First-Time Homebuyer Savings Account Act   Washington, D.C.– Today, U.S. Representative Mike Coffman (R-CO) was joined by his colleagues, Rep. Sean Patrick Maloney (D-NY) and Rep. Barbara Comstock (R-VA), for the bipartisan reintroduction of H.R. 2802, the ‘First-Time Homebuyer Savings Account Act’.   Supporting this legislation...

Median sales price of Colorado homes up 10 percent over last year while available listings dip 37 percent statewide

Key findings from the April 2017 research report include:   Following a dramatic increase in new listings in March 2017, April saw a small decline in the number of new listings for single-family and townhome/condos across the state. Median sales price for a single-family home in the Denver metro area hit another record high, $404,900. Statewide, the median sales price...

New ClosingCorp Survey Finds More Than 50 Percent of Homebuyers Are Still Surprised by Closing Costs

This article is written by ClosingCorp. To access this article on their website, please click here.   New ClosingCorp Survey Finds More Than 50 Percent of Homebuyers Are Still Surprised by Closing Costs   February 15, 2017 09:00 AM Eastern Standard Time SAN DIEGO–(BUSINESS WIRE)–ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real...

Sorry, millennial singles — less of you are buying Denver homes

This article is from the Denverite and is written by Megan Arellano and was published on February 12, 2017 3:33 pm Categories: Business, Real estate   Sorry, millennial singles — less of you are buying Denver homes   Look, I’ll be the first to admit it. Life really isn’t fair to the single person — more than 1,000 laws provide...

Buying Your First Home

Congressman Coffman Introduces Federal Version of CO’s First Time Homebuyer Bill

CAR’s First-time Homebuyer Savings Act Tax Deduction, recently signed into law by Governor Hickenlooper on June 10th, is garnering nationwide attention as Congressman Coffman introduced a federal version of this bill on Friday. CAR championed legislation creates first-time homebuyer savings accounts which allows a tax deduction for account holders on the interest earned on these accounts. A First-time Homebuyer Savings...

First Time Homebuyer Savings Account Act Passes Legislature

CAR is very pleased to announce that the First Time Homebuyer Savings Account Act passed the Legislature Tuesday morning after the State Senate gave the bill it’s final approval.  CAR extends its deepest gratitude to House Majority Leader Crisanta Duran, Representative Joe Salazar, Senate Majority Leader Mark Scheffel and Senator Beth Martinez-Humenik for their sponsorship of HB-1467, and for their...