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Colorado Association of REALTORS Tag

Consumer Advisory: Title Insurance – What is it and why do you need it?

DENVER (March 30, 2018) – With the recent news in Denver about deeds, covenants and titles related to affordable homes, the Colorado Division of Insurance, part of the Department of Regulatory Agencies (DORA),  offers the following insights to unveil some of the mysteries that surround Title Insurance.   “Unlike other forms of insurance like health, homeowners or auto, Title Insurance is unlikely to be...

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Capitol Connection – March 30, 2018

Senate Bill 18-001: Transportation Infrastructure Funding SB18-001, sponsored by Senator Baumgardner (R-Grandby), Senator Cooke (R-Greeley), and Representative Buck (R-Windsor) is the major transportation funding vehicle this legislative session. Last week a major compromise was reached that would allow for annual funding of transportation up to $250 million a year and it delays this referred measure to the 2019 ballot for Colorado...

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Capitol Connection – March 23, 2018

Senate Bill 18-015: Protecting Homeowners And Deployed Military SB18-015, sponsored by Senator Gardner (R-Colorado Springs), Senator Hill (R-Colorado Springs), Representative D. Williams (R-Colorado Springs), and Representative Liston (R-Colorado Springs), allows for the removal of an unauthorized person from a residential property within 24 hours based on an affidavit from the true property owner. The rightful property owner is subject to the...

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Capitol Connection – March 16, 2018

House Bill 18-1261: Colorado Arbitration Fairness Act & House Bill 18-1262: Arbitration Services Provider Transparency Act HB18-1261, sponsored by Representative Weissman (D-Aurora), establishes ethical standards for arbitrators, including that an arbitrator must perform their responsibilities without bias.  This bill also specifies that any party may challenge in court the neutrality of an arbitrator or an arbitration service provider, and it requires specific...

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Capitol Connection – March 9, 2018

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...

Market conditions result in record-high median pricing

Market conditions result in record high median pricing levels in both Denver metro area and state as low inventory dominates housing discussion.   ENGLEWOOD, Colo. - March 12, 2018 - While housing hope springs eternal, inventory statistics across the state paint a different picture and have resulted in numerous record-high median pricing levels in Denver and across the state, according to the...

Colorado Flood and Wildfire Awareness Week

Flood and wildfire season is approaching.  You should know your risks and make your plans to improve you outcomes.   The National Weather Service wants everyone in the the United States to be part of a Weather-Ready Nation.  Colorado has more than its fair share of floods, flash floods, and wildfires.  You should be weather alert and weather-ready, knowing how to stay...

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Capitol Connection – March 2, 2018

House Bill 18-1195: Tax Credit Contributions Organizations Affordable Housing HB18-1195, sponsored by Representative Pabon (D-Denver) and Senator Tate (R-Centennial), provides a state income tax credit for contributions to nonprofit organizations engaged in the new construction of affordable housing for homeownership of at least 120% Average Median Income. The donation by an individual or organization must be tied to an actual project...

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Pueblo, Colorado Continues to Rise in the Housing Market with the Median Sales Price Climbing Higher

The housing market continues to tighten across the state as Pueblo, Colorado slowly increases month over month for median sales price and average sales price.  The inventory of for sale homes has decreased from 1.7 months supply in December to 1.6 in January.   For more information and to read the whole story from The Pueblo Chieftain by Dennis Darrow click HERE...