The Colorado Association of REALTORS® sought to get the word out about the dangers of ballot initiative No. 66 and successfully did so at their annual Economic Summit on February 7, 2018. Initiative No. 66 is currently being reviewed by the Supreme Court and could be on the ballot this November. This initiative seeks to cap new housing construction to 1%...
“This will bring our economy to a halt. You don’t bring affordability to a market by reducing supply,” Scott Thorson, the Chief Operating Officer at Oakwood Homes, said at the Colorado Association of REALTORS®’ Economic Summit on Wednesday in Denver. Ballot initiative No. 66, which is awaiting a review from the Colorado Supreme Court, would limit permits for homes and apartments...
Senate Bill 18-015: Protecting Homeowners and Deployed Military SB18-015, sponsored by Senators Gardner (R-Colorado Springs) and Hill (R-Colorado Springs) and Representatives D. Williams (R-Colorado Springs) and Liston (R-Colorado Springs), allows for the removal of an unauthorized person (trespasser) from a residential property within 24 hours based on an affidavit from the true property owner. The rightful property owner is subject to...
The passing of the construction-defect bill was a big win for Colorado and the housing market. A big win indeed, but challenges still remain. Some of these challenges include high insurance premiums from the previous years of lawsuits related with condominium builds. These continued challenges have large builders still weary to begin projects in the state. This leaves small local builders...
DENVER – Nancy Todd, Senator for Aurora in Senate District 28, was awarded the 2017 Legislator of the Year Award by the Colorado Association of REALTORS®. Rep. Todd is one of the first recipients of the award, given to a Colorado legislator who has put considerable effort into legislative efforts that support the American dream of homeownership. Nancy Todd was a...
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...
A look at Denver's 2018 housing market Article from ColoradoBiz By Matthew Leprino, CAR Spokesperson We have reached cruising altitude. You are free to use your portable electronic devices, or … so we thought. As 2018 succeeds a year of upward evolution for Denver’s real estate market, we must be cautious before removing the fasten seat belt sign and watch for items that...
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...
ENGLEWOOD, Colo. – Dec. 12, 2017 – With a significant decline in new listings and active listings continuing to define a low inventory market across the metro area and the entire state, median home prices are holding their own, according to the latest housing report from the Colorado Association of REALTORS® (CAR). With limited new housing starts, the record low inventory...