Colorado Association of REALTORS | REALTORS in the News
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REALTORS in the News

Inventory remains top of mind in sizzling housing market

What will homebuyers sacrifice just to get in on a piece of the action? BY CAR SPOKESPERSON MATTHEW LEPRINO   The Denver real estate market has recently become a hotbed of conflicting cause-and-effect discussion. Our condominium regulations (construction defects reform) have gained national attention, while our scorching home prices seem unstoppable to everyone except those who worked and survived the 2008 market. Instantaneous...

Denver home sales and prices drop in July, putting area brokers on alert

Home sales and prices in Denver slipped lower from June to July. But was that just the chain jerking on a roller coaster still headed higher or a housing market cresting its peak and about to send passengers on a wild ride?   “It is typical to have a seasonal slowdown every summer, but this summer has been slower than most and...

Seasonal slowdown or changing market?

July housing data delivers mixed bag across Colorado   ENGLEWOOD, Colo. – Aug. 10, 2017 – While Colorado’s housing market remains extremely hot, seasonal factors contributed to create a mixed bag of results in Colorado’s housing market activity in July, according to the monthly statewide housing report from the Colorado Association of REALTORS® (CAR).   Despite decreases in new (-14 percent), active (-3.5) and...

Homes in Denver Metro Area Surpass $410,000 Median Sales Price

Across all of Colorado, there are 30 percent fewer homes for sale across state than one year ago. Active and new listings rise but strong sales, low inventory continue to shape seller’s market.    Key findings from the June 2017 research report include: Peak summer housing market sees median sales prices for single family homes in the metro region, as well as statewide,...

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U.S. Existing-Home Sales Rise in May Despite Tight Supply

U.S. Existing-Home Sales Rise in May Despite Tight Supply Sales increased 1.1% from April and the median sales price jumped 5.8%   Existing-home sales rose 1.1% in May from the prior month to a seasonally adjusted annual rate of 5.62 million, the National Association of REALTORS® said Wednesday. Economists had expected a modest decline from April. Compared with a year earlier, sales were...

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TRID – Was it Effective and Can it be Blamed for Closing Cost Delays?

TRID – Was it Effective and Can it be Blamed for Closing Cost Delays?   TRID (TILA-RESPA Integrated Disclosure) has recently been added to the long list of REALTOR® acronyms. October 2015 was the launch of this new rule that has created new methodology, structuring, and organization across the board for REALTORS®, buyers, title companies, and lenders. Each field has been impacted...

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Homes statewide in short supply heading into peak selling season

Across Colorado, there were 20,100 active residential listings available on the market at the end of May, according to a report Monday from the Colorado Association of REALTORS. That represents a 32 percent drop in the active inventory of homes for sale versus a year ago, with about 10,500 fewer single-family homes and 2,100 fewer condos available for sale.   Sellers showed...

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Pueblo West home sales nearing pre-recession levels

Pueblo West home sales nearing pre-recession levels   Home sales in Pueblo West in 2017 are on pace to reach its highest figure since 2006, according to residential real estate fig­ures provided by Pueblo Multiple Listing Service and the Pueblo Association of REALTORS®, signaling the continued bounce-back of the housing market.   The rise in Pueblo West real estate is a combination of several...

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Is Fort Collins In A Housing Bubble?

Is Fort Collins in a Housing Bubble?   [caption id="attachment_23846" align="alignnone" width="300"] JIM HILL / KUNC[/caption]   There are several factors that have to be in play for a housing bubble to exist. The inventory needs to outweigh the demand — too many houses on the market — which will lead to dramatic price drops.   “In our case, the cities and counties are holding [builders]...