Many homeowners have limits on their home insurance policies that are too low to cover the full cost of repairing or rebuilding in case of a natural disaster—and the problem is particularly alarming in areas at risk of hurricanes and flooding, The Wall Street Journal reports. Catastrophic damage left in the wake of Hurricanes Harvey, Irma, and Maria last year revealed a widespread...
Click here to take action and urge Congress to extend the NFIP and pass meaningful reforms to ensure long-term viability of the program. The National Flood Insurance Program (NFIP) will expire on July 31, denying necessary insurance coverage to homeowners and buyers in more than 20,000 communities nationwide. Congress must act now to reform and extend the NFIP. Standard homeowners insurance policies cover wind...
Senate Bill 18-109: Authorize Audio-Video Communication Notarial Acts SB18-109, sponsored by Senator Gardner (R-Colorado Springs), Representative Garnett (D-Denver), and Representative Wist (R-Centennial) allows notaries public to perform notarial acts using audio-visual communication. The process is called remote notarization and it's similar to a skype or face-time type of interaction where there is audio and video communication between the notary and the...
House Bill 18-1227: Real Estate Commission Flexibility in License Period HB18-1227, sponsored by Representative Herod (D-Denver), Representative Wist (R-Centennial), and Senator Cooke (R-Greeley), is a clean-up bill to the real estate sunset from 2017. In the sunset bill, the expiration date of real estate licenses changed from an anniversary date to a calendar renewal on December 31st of the third year...
Homebuyers facing inventory supply levels never before seen in Colorado ENGLEWOOD, Colo. – Feb. 12, 2018 – Housing affordability, a popular discussion from renters to REALTORS®, elected officials to economists, and many others across our state, is taking a back seat to the real housing conversation across most of Colorado – availability – or the lack thereof, according to the latest...
Another Economic Summit and REALTOR® Day at the Capitol is in the books! Thank you to all our members and colleagues who attended CAR's Economic Summit and REALTOR® Day at the Capitol! We had a busy two-day event with over 250 REALTORS attending from across the state! The Economic Summit was highlighted by a panel discussion that focused on the newly...
The Second Regular Session of the 71st General Assembly Kicks Off in 2018! The first gavel of the second session of the 71st General Assembly came down on Wednesday, January 10th. The session is already off to a quick start with 179 bills introduced in the first week. We expect this to be a busy year for property rights and housing...
Capital gains exclusion In a huge win for current and prospective homeowners, current law is left in place on the capital gains exclusion of $250,000 for an individual and $500,000 for married couples on the sale of a home. Both the House and the Senate had sought to make it much harder to qualify for the exclusion. Mortgage interest deduction The maximum mortgage...
The National Association of REALTORS strives to influence and shape the real estate industry. So it should be no surprise they put full force into the recent two public policy changes sweeping through Washington, D.C. NAR worked tirelessly on tax reform and net neutrality, two policy changes that could have powerful impacts on the real estate world. In regards to Tax...
Changes in the tax code could have pricey implications for homeowners if the GOP Tax Proposal passes. Cuts elsewhere are causing Congress to find other ways to make up the money. One area they are looking to make up the money is taxes associated with real estate. Currently, homeowners are encouraged to stay in their home for two years and are...