June 2015

Gay Marriage Decision Is a Housing Game Changer

Posted on June 28, 2015

The U.S. Supreme Court’s 5-4 decision on Friday not only opens the doors to legal same-sex marriage throughout the 50 states—it will also help increase homeownership among LGBT couples. “As with other momentous social landmarks, this progress will trigger key milestones along the path to homeownership,” Sherry Chris, CEO of Better Homes and Gardens Real Estate, said in a statement. She noted that the lesbian,...

Colorado Ranks 8th in Down Payment Programs

Posted on June 25, 2015

Business Services, Consumer Awareness, General, REALTOR® News

Colorado ranks 8th in the nation among states with the most down payment programs, according to Q2 data released by Down Payment Resource. With 68 programs available, Colorado programs offer closing cost assistance grants, mortgage credit certificates, first mortgage loans, and other programs such as employer assisted housing programs. Down Payment Resource has increased to include three percent more programs; 87%...

CFPB Proposes Delay of Implementation of TRID to Oct. 1st

Posted on June 18, 2015

Consumer Awareness, General, Government Affairs, NAR, REALTOR® News

On Wednesday, June 17th, the CFPB announced they would propose an amendment to delay the implementation of the TRID (TILA RESPA Integrated Disclosure) from August 1 to October 1st. The Consumer Financial Protection Bureau’s announcement means a two-month delay for the implementation of the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure regulation, also known...

Housing Prices Continue to Rise Throughout Colorado

Posted on June 16, 2015

Consumer Awareness, General, REALTOR® News

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...

Mark Trenka Chosen as 2016 Chair-Elect

Posted on June 9, 2015

General, Local Association, NAR, REALTOR® News

Mark Trenka will be the Chair-elect for the 2015-2016 leadership year after a close run-off with fellow candidate Ann Hayes. "I am extremely proud of both candidates and the high level of professionalism they exhibited during the run off," said David J. Barber, 2015 CAR Chairman. To ensure the voting results were accurate, calculated in a fair manner and followed BOD approved CAR...

Marijuana has Lit up Denver Real Estate

Posted on June 4, 2015

General, Market Trends, REALTORS® in the News

Denver had the second largest increase in annual homes prices with statistics showing this increase at 10%. This major increase on home prices and the lack of inventory are due to the legalization of marijuana in 2012. "The pot industry is creating jobs we didn't have before," said Kelly Moye, a Re/Max real estate agent who has worked in the Denver...

Grace period Announced for TILA-RESPA Requirements

Posted on June 3, 2015

Government Affairs

Consumer Financial Protection Bureau (CFPB) announced that it would be “sensitive” to companies that make a good-faith effort to comply with the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure (TRID) regulation that goes into effect on August 1, 2015. This is a welcome development that can be compared to the effective CFPB implementation of...