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Capitol Connection – January 26, 2018

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...

Condominium Construction Remains Slow Even 9 Months After the Passage of the Construction-Defect Bill

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...

NAR Fights for the Real Estate Industry

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...

Being a Teacher in the World of Real Estate

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...

Tax Reform Update

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...

Social Benefits of Homeownership and Stable Housing

  Highlights from Nadia Evangelou, Research Economist Sourced from The National Association of REALTORS® - Economic Updates Original Article   Research has consistently shown the importance of the housing sector on the economy and the long-term social and financial benefits to individual homeowners. However, in recent years many have questioned the role of homeownership due to the housing downturn and foreclosure crisis. Thus, a related question...

National Flood Insurance Program Extended

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...

Ask Your Representatives to Pass The 21st Century Flood Reform Act

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...

Call for Action Coming Soon!

Ask your Representatives to pass H.R. 2874, “The 21st Century Flood Reform Act.” NAR is launching a Call for Action (CFA) on Tuesday, August 22nd!  This CFA will be sent to all REALTOR® members and will be asking the U.S. House of Representatives to pass H.R. 2874, “The 21st Century Flood Reform Act.” Click here for more information regarding the National Flood...