Inventory Slowly Improving During First Five Months of 2015 Housing values continue to rise throughout the state according to statistics reported today by the Colorado Association of REALTORS®. Highlights of the Association’s May statistical reports include: The median price for a single-family home increased to $310,000, up 13 percent from a year ago and for a condominium or townhouse it rose 16...
As Colorado property owners have been receiving their 2015 tax assessments this spring, they can point to a steady increase in the price of homes sold in Colorado over the last several years as the cause for somewhat dramatic increases in their property valuations. Home values throughout the state continued to move upward in April, extending a pattern that began...
Reduction to increase credit affordability and reflectsimproved economic health of FHA WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. This action is projected to save more than two million FHA homeowners an average of $900 annually and...
The NAR Board of Directors approved the following policy statement on unmanned aerial vehicles: The National Association of REALTORS® advises members that the use of unmanned aerial vehicles for real estate marketing is currently prohibited by the Federal Aviation Administration. Such prohibited use of unmanned aerial vehicles may lead to the assessment of substantial fines and penalties. The National Association of REALTORS® supports efforts to create...
Colorado Association of REALTORS® salutes all of the men and women of the United States military who unselfishly serve or have served this country! Thank you! REALTORS® can also celebrate veterans this week as a celebration of 70 years of VA Home Loan benefits. The news release below from the National Association of REALTORS® describes the VA Home Loan history as...
David Barber, a nine-year real estate veteran with RE/MAX Unlimited Inc., on Monday was installed as chairman of the Colorado Association of Realtors. CAR, the state’s largest real estate trade association with more than 21,000 statewide members, installed its 2014-2015 Leadership Council, including the chairman position, at its 94th annual state convention that drew more than 650 people to downtown Denver....
No minimum down payment, as NAR sought The mortgage financing environment for households could improve as a result of a rule federal regulators are releasing starting today. The Federal Deposit Insurance Corporation is the first of six financial regulators to release the final version of the long-awaited qualified residential mortgage (QRM) rule, which stems from the big 2010 banking reform bill...
Colorado Housing and Finance Authority (CHFA) will hold three public hearings in Colorado regarding the Low Income Housing Tax Credit Allocation Plan (the Plan) for the year 2015. The 2015 QAP will guide CHFA’s allocation of both the federal and state Low Income Housing Tax Credits. The purpose of the hearing is to receive input on the Plan and to...
2014 Leadership Academy Graduates to be recognized at Annual Convention CAR reintroduced a new and improved Leadership Development Program in 2014 to provide an elite group of 20 of our state and local association leaders with tools to strengthen our associations and our role within the real estate industry. Learn more about their experience here (link to below article). CAR will...
Daily Real Estate News | Monday, September 08, 2014 The Federal Housing Administration is overhauling a long-held policy of charging extra interest payments on loans it insures to borrowers who have already paid off the principal debts on their mortgages. FHA has permitted its lenders to charge borrowers a full month of interest when they sell or refinance a home, even if...