Buyer interest remains however, low inventory, steady housing prices continue to dictate state’s housing market. ENGLEWOOD, Colo. – Sept. 13, 2017 – While the number of potential buyers in Colorado’s housing market remains strong, traditional seasonal cooling, coupled with low inventory and steady median housing prices across the state, are defining the fall market according to the monthly statewide housing report...
The rise in Pueblo West real estate is a combination of several factors, said Dave Anderson, a broker associate at Remax of Pueblo West who is also a member of the Board of Directors of the Pueblo Association of REALTORS® as well as the Southeast housing spokeperson for Colorado Association of REALTORS® "There is a lack of inventory," Anderson said, "as well...
On Thursday, September 7, the Senate voted to pass a three-month extension of the National Flood Insurance Program (NFIP). The House of Representatives passed the legislation on Friday, September 8, 2017, and the President signed the bill into law later that day. This legislation ensures that the NFIP will not lapse on September 30, 2017, and will be extended until December...
ENGLEWOOD, Colo. – September 5, 2017 – While the rain has stopped, flooding continues in rivers and bayous in the path of Hurricane Harvey. Thousands of people have returned home to begin recovery efforts, many of them finding that they have lost everything. That’s why the Colorado Association of REALTORS® (CAR) and the Colorado REALTOR® Foundation (CRF) have teamed up...
DENVER - The Colorado Division of Insurance (DOI) recently launched a new online system for consumers to submit their insurance complaints. The mission of the DOI, part of the Department of Regulatory Agencies (DORA), is consumer protection. The DOI’s Consumer Complaint Portal enhances its customer service capabilities, and offers a fast, secure way for consumers to communicate their insurance-related complaints to...
The National Association of REALTORS (NAR) needs your help to drive messages to Members of Congress urging them to support H.R. 2874, “The 21st Century Flood Reform Act." H.R. 2874 reauthorizes the NFIP and makes a number of critical improvements to the NFIP including increased funds for mitigation activities, caps on overall premium increases, improved claim and mapping processes, as well...
Are They Illegal or Immoral? BY CAR GENERAL COUNSEL SCOTT PETERSON I am convinced that “Coming Soon” listings will forever be a source of REALTOR® frustration and confusion in the State of Colorado. Regardless of the market cycle, transaction velocity or geographic location, I hear frequently from our members about the “Coming Soon” rider occasionally (often?) seen on broker signs in a...
How a Supreme Court Ruling May Impact the Housing Market in Colorado BY CAR GOVERNMENT AFFAIRS MANAGER ELIZABETH PEETZ As summer heats up after another successful legislative session at the State Capitol (don’t forget to check out CAR’s top five successes blog post on our website for more information about that!) we are also pleased to announce that the Colorado Supreme Court...
What will homebuyers sacrifice just to get in on a piece of the action? BY CAR SPOKESPERSON MATTHEW LEPRINO The Denver real estate market has recently become a hotbed of conflicting cause-and-effect discussion. Our condominium regulations (construction defects reform) have gained national attention, while our scorching home prices seem unstoppable to everyone except those who worked and survived the 2008 market. Instantaneous...
Home sales and prices in Denver slipped lower from June to July. But was that just the chain jerking on a roller coaster still headed higher or a housing market cresting its peak and about to send passengers on a wild ride? “It is typical to have a seasonal slowdown every summer, but this summer has been slower than most and...