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Communities

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Colorado Project Wildfire Partnerships Gaining State and National Attention

Colorado REALTORS® continue to play vital role in educating homeowners on wildfire mitigation and safety efforts as programs take hold Despite a relatively calm Colorado wildfire season in 2019, REALTORS® across the state have significantly grown their pro-active efforts to help educate homeowners about wildfire risks, prevention and safety resources through CAR’s Colorado Project Wildfire. Colorado Project Wildfire’s innovative partnerships and...

New “Micro Apartments” Offer Housing for Denver’s Homeless

Beginning Jan. 21, 2020, the former Quality Inn & Suites at 3737 N. Quebec St. in Denver that once welcomed weary travelers will now provide shelter for a different type of clientele. Renamed Fusion Suites, the former hotel will now provide housing for Denver residents experiencing temporary homelessness and it could become a model for future affordable housing developments. The...

Garfield County’s Housing Supply Continues to Shrink

“While our market continues to struggle with low inventory, which of course results in higher prices, we are starting to see some new construction which brings hope to first-time homebuyers as well as move-up buyers,” said Erin Bassett, president of Glenwood Springs Association of REALTORS. “Spring should bring new resale inventory as well.” “We just, honestly, have no inventory,”...

Supply of Homes for Sale Is Shrinking Across Colorado, Not Just in Denver

“Our Colorado market has become so tough and unaffordable that the U-Haul report showed that people are now coming here less than they were just last year. In 2018 Colorado ranked number 16 on the list of states to move to. We now sit at 42 as word on the street is, we cost too much,” said Patrick Muldoon, a...

Colorado Springs Makes List of Top Markets for Millennials

Millennials are flocking to affordable smaller cities, baby boomers are retiring in walkable communities that offer urban amenities, and Gen Xers are heading to larger, high-priced markets. Realtor.com® researchers recently evaluated the migration trends of the generations. Life stages—growing families, retirement, and employment—continues to drive demand in housing. Millennials, the largest U.S. generation ever, is particularly making its mark on the...

Median Property Value Rose 50 percent in 2 Years in Elyria-Swansea and Globeville — Again

Property tax bills are going out this month to Denver residents, which might lead some homeowners to file an appeal if they think Denver's assessor has made a mistake in the property's valuation. Denverite spoke with Denver-area REALTOR® Matthew Leprino, who explained that if a county assessor pegs a home’s value higher than the market might value it, it could...

Economic Impact of a Home Sale

How is the housing market in your state affecting the local economy? The National Association of REALTORS® recently released a report outlining the total economic impact of real estate related industries on the economy of each state, as well as the expenditures that result from a single home sale, including aspects like home construction costs, real estate brokerage, mortgage...

Boulder County Real Estate Market Likely Stay Stagnant into 2020

“Boulder County’s home prices are stuck in the snow and the wheels are spinning,” Boulder-area Realtor Kelly Moye stated in a Colorado Association of Realtors news release. “It’s like someone just held it in time and nothing changed. I think it’s a trend we are going to see continue, too.” “Wages aren’t keeping up with home prices in Boulder, so...

Colorado Springs, Fort Collins Make NAR List of 10 Markets Expected to Outperform Over the Next Three to Five Years

WASHINGTON (December 11, 2019) – The National Association of Realtors® identified 10 markets expected to outperform over the next three to five years. In alphabetical order, the markets are: Charleston, South CarolinaCharlotte, North CarolinaColorado Springs, ColoradoColumbus, OhioDallas-Fort Worth, TexasFort Collins, ColoradoLas Vegas, NevadaOgden, UtahRaleigh-Durham-Chapel Hill, North CarolinaTampa-St. Petersburg, Florida “Some markets are clearly positioned for exceptional longer-term performance due to their relative...