Due to the overwhelming response from REALTORS® in Colorado and across the country contacting their Senators, we are excited to report that H.R. 3700 passed the U.S. Senate on July 14, 2016! Once again the voices of REALTORS® were heard loud and clear on Capitol Hill and last night we scored a big win! Thanks to you, and more than 139,000 REALTORS®...
Keynote speaker Curtis Zimmerman discusses why you can't miss the 2016 CAR Fall Conference & Expo in Broomfield, Colorado on September 21 -24, 2016. Early bird pricing ends tomorrow, July 8th! The 3 best days of the year are just two months away. Don't miss out on Fun, Networking, 4 Amazing Keynote Speakers, Education, Food Truck Village, Expo, and so...
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 Account...
Colorado REALTOR®, The Colorado Real Estate Commission and the Colorado Division of Real Estate are undergoing a review mandated in Colorado law. A primary purpose of the review is to determine if the licensing of real estate brokers is necessary to protect public health, safety, and welfare. In conjunction with the analysis, DORA has launched a licensee survey asking those individuals...
The supply of homes for sale in Colorado in May reached historic lows throughout much of the state according to statistics released today by the Colorado Association of REALTORS®. There were 17,724 single-family homes available statewide for purchase, down 24 percent from a year ago and representing just a 2.5-month supply. Similarly, the 4,237 condominiums and townhouses for sale in...
Sine Die! Wednesday, May 11th, the final gavel came down on the second session of the 70th General Assembly. In total, 789 bills were introduced. CAR tracked 65 bills this year and took a position on 37 of them. A split Legislature this year with Republicans controlling the Senate and Democrats controlling the House meant every bill sent to the Governor...
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...
Weak inventory challenging to both buyers and sellers. There were more new listings and sales of both single-family homes and condominiums/townhouses in Colorado in April than in March but both categories still lagged significantly behind a year ago according to statistics announced today by the Colorado Association of REALTORS (CAR). Single-family home listings increased 11 percent to 10,725 and sales improved by...
Senate Concurrent Resolution 004: Real Estate Transfer Tax For Affordable Housing. We are happy to report that SCR16-004, Real Estate Transfer Tax for Affordable Housing sponsored by Senator Ulibarri (D-Commerce City) died in committee on April 20th. The LPC opposed this bill and CAR gave testimony against the legislation in the Senate State, Veterans, & Military Affairs committee hearing. This concurrent...
Steadily Rising Prices Making Homes Less Affordable For Some. During the first quarter of 2016 (January, February and March) most areas of Colorado saw an increase in the number of both single-family homes and condominiums/townhouses sold compared to the same time period in 2015. The 15,742 single-family homes sold were an increase of 5 percent over the first quarter of 2015...