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 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...
Despite a 39 percent increase in new listings in March, inventory issues continue to dominate housing discussions statewide as Denver Metro Area sees new price records ENGLEWOOD, Colo. – April 11, 2018 – With signs of new life popping up across the Centennial state, many REALTORS® find themselves wishing they’d see available inventory pop up again as they continue facing record-low...
This week at the legislature - Colorado State Budget Over the past two weeks, legislators have been debating the "long bill," otherwise known as the budget, to fund state government operations. Colorado law requires legislators to balance their budget every year. This year, lawmakers had a $1.3 billion surplus to allocate for the general fund spending priorities and discretionary legislation from introduced...
DENVER (March 30, 2018) – With the recent news in Denver about deeds, covenants and titles related to affordable homes, the Colorado Division of Insurance, part of the Department of Regulatory Agencies (DORA), offers the following insights to unveil some of the mysteries that surround Title Insurance. “Unlike other forms of insurance like health, homeowners or auto, Title Insurance is unlikely to be...