Colorado Association of REALTORS | first time buyers savings account
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Results for: first time buyers savings account

Buyers and sellers exercising patience as they hibernate through the winter

ENGLEWOOD, CO – A combination of economic factors magnified the typical seasonal slowdown in the housing markets with new listings plummeting more than 25% across all property types in the seven-county Denver-metro area and statewide markets, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis from the Association’s spokespersons across the state....

Buyers and sellers settling into the new normal

ENGLEWOOD, CO – Whether in the seven-county Denver metro area or in housing markets statewide, continued higher mortgage interest rates have kept many buyers on the sidelines, as sellers face a growing pressure to adjust pricing and make concessions to get deals completed, according to the latest Market Trends Housing Report from the Colorado Association of REALTORS® (CAR) and analysis...

Homes stay on market longer, prices flatten as buyers and sellers wait out rate hikes

ENGLEWOOD, CO – Both home buyers and sellers continue to feel the effects of the Federal Reserve’s interest rate hikes designed to help curb inflation and slow the market, according to the January 2023 Market Trends Housing Report and analysis from the Colorado Association of REALTORS® (CAR). Housing prices across the seven-county Denver-metro area and state continued to fall slightly...

NAR Finds Black Home Buyers More Than Twice as Likely to Have Student Loan Debt, Be Rejected for Mortgage Loans Than White Home Buyers

NAR officials say data reinforces need for implementation of key housing policy initiatives to close persistent minority homeownership gaps Key Highlights The U.S. homeownership rate was 64.2% in 2019. At 69.8%, the rate for non-Hispanic white Americans exceeds the national rate. However, the Black homeownership rate – 42% – represents a Black-white homeownership gap of almost 30%. The homeownership rates...
Lovely interracial couple, hispanic man and asian girl, showing key of their new house, hugging and smiling isolated on white background - real estate for young family concept

Colorado Employers May Soon Help Employees Buy Their First Home

Colorado was one of the first states in the country to pass legislation for first-time homebuyers. The legislation allows them to open a tax-free savings account to save money for down payment on a new home.   Since that law was passed in 2016, Colorado is seeing the benefits of the program. – Colorado, the seventh-fastest growing state in the...

First-Time Homebuyers: YES YOU CAN Buy a Home in This Market

Lack of inventory and massive year-over-year gains in the price of entry-level homes are not the only factors preventing prospective first-time homebuyers into taking the leap towards homeownership.  According to NAR’s 2017 Profile of Home Buyers and Sellers Speak report, first-time homebuyers are struggling to afford the costs that come with purchasing a home.  In fact, 1 in 3 first-time...
Young smiling couple holding their new house keys real estate and relocation concept

The First-Time Homebuyer Savings Account Act

Mike Coffman 06/07/2017 | Press release | Distributed by Public on 06/07/2017 17:46 The First-Time Homebuyer Savings Account Act   Washington, D.C.– Today, U.S. Representative Mike Coffman (R-CO) was joined by his colleagues, Rep. Sean Patrick Maloney (D-NY) and Rep. Barbara Comstock (R-VA), for the bipartisan reintroduction of H.R. 2802, the ‘First-Time Homebuyer Savings Account Act’.   Supporting this legislation...

Congressman Coffman Introduces Federal Version of CO’s First Time Homebuyer Bill

CAR’s First-time Homebuyer Savings Act Tax Deduction, recently signed into law by Governor Hickenlooper on June 10th, is garnering nationwide attention as Congressman Coffman introduced a federal version of this bill on Friday. CAR championed legislation creates first-time homebuyer savings accounts which allows a tax deduction for account holders on the interest earned on these accounts. A First-time Homebuyer Savings...

First Time Homebuyer Savings Account Act Passes Legislature

CAR is very pleased to announce that the First Time Homebuyer Savings Account Act passed the Legislature Tuesday morning after the State Senate gave the bill it’s final approval.  CAR extends its deepest gratitude to House Majority Leader Crisanta Duran, Representative Joe Salazar, Senate Majority Leader Mark Scheffel and Senator Beth Martinez-Humenik for their sponsorship of HB-1467, and for their...

Housing markets mellow with weakening prices and softening demand

ENGLEWOOD, CO – Temperatures ran hotter in July, but the housing market did not follow suit thanks to the continuation of elevated interest rates and a lighter inventory of active listings as more and more would-be sellers choose to sit on their low interest rate mortgages rather than move, according to the latest Market Trends Housing Report and analysis from...