Colorado Association of REALTORS® Economic Summit Creates a Buzz about Ballot Initiative No. 66
The Colorado Association of REALTORS® sought to get the word out about the dangers of ballot initiative No. 66 and successfully did so at their annual Economic Summit on February 7, 2018. Initiative No. 66 is currently being reviewed by the Supreme Court and could be on the ballot this November.
This initiative seeks to cap new housing construction to 1% of current housing stock. Currently, Adams, Broomfield, Denver, Douglas, El Paso, Larimer, and Weld county had growth rates over 1% in 2017. There is much concern as to what will happen with our housing market if inventory is as sparse as is and construction comes to a screeching halt due to this initiative.
To view the full article Channel 7 Denver by Kurt Sevits Click HERE