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...
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...
Colorado General Assembly Kicks Off A New Decade The Second Regular Session of the 72nd General Assembly Opened on January 8, 2020 The first gavel of the second regular session of the 72nd General Assembly came down on Wednesday, January 8th under the leadership of Senate President Leroy Garcia and Speaker of the House KC Becker. As of this afternoon, 170 bills...
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...
Tamara Chuang, who covers business and economic issues for the Colorado Sun, recently wrote an article highlighting Colorado's economic and population growth over the past decade. Colorado's population is expected to hit 5,842,076 people in 2020, an increase of 1.5 million people over the past 20 years. Elizabeth Garner, Colorado's state demographer, says that while the state's population has grown...
The State of Colorado was recently named as one of the Top 20 Forbes OZ Catalysts. This honor, awarded in partnership with Sorenson Impact Center, recognized Colorado as one of the leading organizations using Opportunity Zones to support communities. Applications from Montrose, Pagosa Springs, and Colorado Springs also received recognition for their leadership in the space, and Colorado-based fund Four...
Media Contacts: Kimberlee Phillips (970) 874-6717 kim.phillips@usda.gov Dylan Peters (970) 874-6625 dylan.peters@usda.gov Coloradans will contribute 10,000 handmade ornaments to be created throughout 2020 capturing Colorado’s colorful scenery and culturally rich and diverse populations Delta, Colorado, November 22, 2019 – Grand Mesa, Uncompahgre and Gunnison (GMUG) National Forests’ officials and partners today announced that the GMUG would provide the U.S. Capitol Christmas Tree next year....
On Nov. 11, 2019, National Association of REALTORS® President John Smaby thanked Department of Housing and Urban Development Secretary Ben Carson on Saturday for taking action to curb the practice of bogus online-generated documentation for service and companion animals. REALTORS® and other housing industry groups have long expressed concerns about how property owners and managers can honor legitimate tenant needs...
You could say that iBuyers and their effect on the real estate industry is this year's hot topic. A panel comprised of industry experts discussed the iBuyer phenomenon at this month’s Fall Forum in Beaver Creek, CO, and offered insight into ways REALTORS® can survive in an ever increasingly competitive industry. Brandon Wells, President of The Group, Inc., explained that REAL-TORS®...
by Scott Peterson, CAR General Counsel In the July issue of the Colorado REALTOR® magazine, I wrote “Be Afraid! Your Misuse of the Transaction Brokerage Relationship” describing some of the changes that were being proposed to the Colorado Real Estate Commission rules regarding brokerage relationships. At its August 5, 2019 meeting, the Real Estate Commission did, in fact, adopt the...