With the competitive housing market first time home buyers are having to endure a tough fight to fulfill their dreams of becoming homeowners. Jay Gupta a CAR spokesperson told the New York Times just how tight the current housing market is. Gupta said that forty people attended an open house in Colorado Springs that was only open for three-hours long...
Sine Die! Wednesday, May 9th, the final gavel came down on the second session of the 71st General Assembly. In total, 784 bills were introduced. The Colorado Association of RELATORS® (CAR) tracked 80 bills this year and the Legislative Policy Committee (LPC) took a position on 46 of them. The split legislature this year with Republicans controlling the Senate and Democrats...
Record housing prices continue their pace across the state as homebuyers weigh a growing list of market factors ENGLEWOOD, Colo. – May 10, 2018 – With a solid seasonal bump in the number of new listings both in the Denver metro area and many markets across the state, hungry homebuyers continued to gobble up properties while others sit and monitor a...
The housing market is improving for Montezuma County as house sales have increased. A good economy and high rental rates are pushing citizens of this area to consider buying a house versus renting. “Rent is pretty tough around here, and rent amounts are high, and so buying is a much better option for people,” To read the Full Article Click HERE...
The Denver housing market is experiencing an uphill battle from cash buyers to appraiser shortages. Current statistics reflect the struggle that is unfolding in the market. "The story of homeownership is one of riding these waves – the highs and the lows – all the while knowing that the house always wins, no matter who’s dealing the cards…even if it needs to be...
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 and Housing Authorities 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...
Just Be Mindful of the Regulations Surrounding It As competitive as things are in Colorado, REALTORS® across the state are always discovering new and innovative ways to market their listings. One of these marketing techniques is the use of drone technology to photograph homes and properties. Those of you who haven't dipped your toes into the world of drones may be...
SCR18-004: Congressional Redistricting and SCR18-005: Legislative Redistricting With a 2020 census right around the corner set to give Colorado an eighth Congressional seat, there is a widespread belief among leaders in both parties and from advocates for unaffiliated voters that Colorado's redistricting and reapportionment processes must be reformed to increase the competitveness of legislative and congressional seats. The following Senate Concurrent...
House Bill 18-1199: Aquifer Storage and Recovery Plans HB18-1199, sponsored by Representative Catlin (R-Montrose), and Representative McLachlan (R-Durango), and Senator Coram (R-Montrose), authorizes a person to apply to the Ground Water Commission for approval of an aquifer storage-and-recovery plan. This legislation also requires the Ground Water Commission to promulgate rules governing the application process and the requirements that an aquifer storage-and-recovery...
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 a property owner to remove an unauthorized person from a residential property within two court days on a county court motion for temporary mandatory injunction. The rightful property owner is subject...