The Colorado Association of REALTORS® would like to wish you a safe and happy Independence Day. In honor of this holiday the CAR office will be closed on July 4th. We will resume normal business hours starting on Monday, July 7.
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Floor consideration of NAR-backed housing stimulus legislation that would permanently raise conforming and FHA loan limits to $625,500, create a homeownership tax credit, and expand FHA to help borrowers replace troubled subprime loans was delayed while senators resolve issues over energy tax credits and chamber procedures.
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Greg Zadel, president of the Colorado Association of REALTORS® (CAR), released the following statement regarding the announcement that Initiative 103, the Colorado Housing Investment Fund proposal to place a new tax on the transfer of real estate would not be appearing on the November ballot in Colorado.
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Some conquered and some had to SAG, to finish the Great West-Life MS150 Bike Tour this past weekend. Whatever the case it was a job well done by all and definitely a cause worth riding. Over 3100 riders participated in the MS150 including 45 flying the Team Colorado REALTORS® banner! That is a huge improvement from 2007 and it is already generating excitement for next year!
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