On April 11, 1968, President Lyndon B. Johnson signed into law the Fair Housing Act of 1968. Passed with bipartisan support in Congress, it was enacted to prohibit the sale, rental, and financing of housing based on race, religion, national origin, or sex. The Act expanded equal housing to all. President Lyndon Johnson signing the Fair Housing Act, 1968. Courtesy of Library of...
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 for Asian...
The Road to Recovery, a project developed by the Colorado Business Roundtable and Common Sense Institute, brings together dozens Colorado leaders from a wide range of industries and backgrounds to develop recommendations for getting Colorado back to work. “While COVID-19 has brought unprecedented challenges in terms of health and safety for Coloradans and the business community, the disruption has brought an opportunity to rethink...
The Colorado Association of REALTORS® (CAR) is opposed to the Department of Housing and Urban Development’s decision to rescind the Affirmatively Furthering Fair Housing Rule, a 2015 regulation implementing the 1968 Fair Housing Act’s mandate that governments take affirmative steps to address segregation. In step with the National Association of REALTORS®, CAR agrees that eliminating this rule strips away a vital tool for fulfilling the original...
Colorado Association of REALTORS® Foundation Awards Grants Totaling $125,000 to 11 Colorado Non-Profits in June, in addition to $125,000 granted in May The ongoing economic impact of COVID-19 pandemic has left many Coloradans unable to make rent and mortgage payments due to layoffs and furloughs. In light of this unprecedented emergency, the Colorado Association of REALTORS® Foundation announced on June 19, 2020 it is awarding additional grants...
By Jason Blevins, The Colorado Sun Urbanites fleeing cities for homes in the hills are pulling mountain resort real estate out of a pandemic slump. Inventories are dwindling, prices are soaring and resort-town schools are seeing enrollment climb as second-home owners and newcomers settle in places like Steamboat Springs, Vail, Crested Butte, Telluride and Aspen. Telluride REALTOR® George Harvey is working with more...
Moving to a smaller space is not just for empty nesters and retirees anymore, says Sheri Koones, author of Downsize: Living Large in a Small House (2019, The Taunton Press). Younger people are embracing a smaller footprint as well. “Younger couples … who are both working, they’re having children later, they want to be active and they don’t want to be doing maintenance...
Thank you to all Colorado REALTORS ® who attended CAR's Economic Summit and REALTOR® Day at the Capitol. Over 250 Colorado REALTORS® attended the two-day event. Thursday's REALTOR® Day at the Capitol luncheon featured J.J. Ament, CEO of the Metro Denver Economic Development Corporation and Patti Silverstein, Chief Economist at Research Partners. Later in the day, CAR members had...
Property owners have struggled with how to enforce no-pet policies on their properties with the growing number of renter requests for assistance animals. That’s why the housing market is welcoming the U.S. Department of Housing and Urban Development’s newly released guidance and clarity on how to comply with the Fair Housing Act when receiving a request for an assistance animal. News...
In July 2019, Lakewood voters passed Question 200, which restricts residential growth to one percent per year. That equates to about 700 new residences in 2020. Now, the Lakewood City Council has finally approved a plan on how the city will enact the voter-approved housing cap. The plan passed by councilors on Jan. 28 takes into account the hundreds of...