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 low inventory...
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...
Much buzz is swirling around the proposed Tax Reform and the repercussions that will ensue if it is passed as it stands. The proposed tax reform if passed, would affect individuals who sell their home before the five year period has expired. If the house is sold prior to the five year period, the sellers would face a tax of 15%...
Xceligent has shut down operations effective immediately leaving only one MLS available to Commercial Real Estate. The decision to close their doors comes after a management change in October leaving Frank Anton the new CEO. After much deliberation with the leadership team of Xceligent, the final decision concluded to shut down operations. Many are concerned with only one MLS being...
With the struggles of low inventory, news about a condo development in the works is exciting news for those in the real estate world. It's with great anticipation that a new development is coming to Denver in the LoHi neighborhood. This development will be condos ranging in size and price and is the first development in the area from Alpine...
The world of real estate can seem overwhelming and daunting to a prospective first-time home buyer. It is for this reason, that REALTORS® hold such an important role for those looking to purchase a home. Whether the client is a first-time buyer or a family looking to purchase a second home, a REALTORS® knowledge helps guide buyers down the path...
Recently released statewide statistics reveal that Pueblo, Colorado is active and has yet to shown signs of a typical seasonal cool down. "We continue to have a very strong seller's market because of low inventory. However, our local agents believe inventory will increase in 2018," Dave Anderson, a RE/MAX Pueblo West agent and CAR spokesperson said in a statement accompanying the...
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...
There have been a number of developments in Washington, DC to share with you. TAX REFORM: Both the House and Senate have named the members of the conference committee. The committee will begin meeting next week, its goal is to send a final bill to the President by December 15, 2017. NAR will continue to run the Call for Action until the...