Construction is once again revving up across Colorado. This should be a welcomed sight for Colorado’s economy, for REALTORS® and part of the answer to our states low affordable housing inventory. Unfortunately this is not the case. The condo market continues to lag due to construction defects, subsequent litigation and extraordinarily high insurance premiums that make it less appealing to...
Colorado’s housing market is booming. Affordably priced homes are receiving multiple offers over asking price within hours of being listed. Why, then, are there no new builds of affordably priced condominiums and townhomes? CONSTRUCTION DEFECTS. Builders and developers have been scared away from developing in Colorado due to the current construction defects laws. Homebuilders and homeowners have a high risk of expensive,...
The 70th General Assembly Kicks Off in 2015 The first gavel of the 70th General Assembly came down Wednesday, January 7th ushering in a new batch of legislative leadership, as well as a record number of new legislators – 29 – who took their initial oaths of office. Throughout the upcoming weeks, we will be introducing you to each of the new legislators...
Legislative Webcast Update You can’t afford to miss this update! CAR’s Legislative Team provides a comprehensive review of legislative activity this year. Topics include: Tax credits for natural disasters and wildfire mitigation, mineral estates, foreclosures, home inspector licensing, contractor retainage, affordable housing, construction defects and more! Click here to view this webcast. REALTOR® Party Convention and Trade Expo Thank you so much to those of...
HB 1254 Regarding HOA Fees, Including Transfer Fees, Passes Its Final Vote CAR supported HB14-1254, Concerning a requirement to disclose fees charged to a unit owners’ association by a community association manager, passed its final hurdle as the House concurred with the Senate’s amendments and voted to repass HB-1254. The bill requires a licensed community association manager who provides services for...