Colorado Association of REALTORS | REALTOR News
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REALTOR News

Half of the Lower 48 States in Danger of Wildfire

A new study shows that half of all addresses in the lower 48 states face wildfire risk. In some less-populated states, including Wyoming and Montana, more than 90% of properties are at-risk. “Frightening assessment,” said CAR’s Colorado Project Wildfire Chair Ulrich Salzgeber. A prediction model put together by the First Street Foundation, a nonprofit research and technology group, shows that...

Report: Rental Market Just as Competitive as Home Sales

Some property owners are raising rents 20-50 percent in the Denver Metro Area. The number of renters has increased, too. “It’s incredibly competitive," said CAR Spokeswoman Kelly Moye. "It’s just like if you’re buying homes. Most renters are dealing with competing with 50 to 60 other applicants." She said she recently had 64 applicants in less than 48 hours for a vacant Westminster townhouse. “The applicants...

CAR Foundation Still Taking Applications for Mortgage & Rent Relief for Fire Victims

The Colorado Association of REALTORS® is still offering grants to individuals who were affected by the fires in the Boulder/Superior area last January. Those who need to pay their mortgage or rent are encouraged to apply through May 25, 2022 (or until the fund is depleted). More than 466 applications have come into the CAR Foundation offices and %563,831 has...

Interest Rates Change, Sale Prices Stay, Balance Predicted in CAR’s Housing Affordability Index

REALTORS® across the state report the tides are turning in Colorado’s hot housing market, however, the prices are not, according to CAR’s April Market Trends report. In April, the statewide average home sales were $747,226 for a single-family home and $578,237 for a townhome or condo. Summit County data showed that 81% of homes in the county were priced at over $1 million, where...

Stats Show the Entire State’s Home Sale Prices Mirror City Prices

CAR's April Market Trends Report shows that interest rates are curbing the number of offers on homes. However, prices are staying about the same, and now the state and metro area median home prices are almost the same. Statewide, the median price is $600,000, versus $660,000 in the seven-county metro area. According to CAR Spokesperson Sunny Banka of Aurora, "We are seeing more price reductions...

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Capitol Connection – May 12, 2022

Legislative Advocacy this Week at the State Capitol Latest News on Green Energy Legislation HB 1362: Building Greenhouse Gas Emissions: (LPC Position: Amend) Sponsored by Reps. Tracey Bernett, Alex Valdez, and Sens. Chris Hansen, & Faith Winter STATUS: sent to Governor Polis Summary and Background: The original bill granted the Colorado Energy Office rulemaking authority to create statewide green building codes for electrification and solar capacity, net zero...

No Bubbles to Burst When Considering Renting vs. Buying

Some potential homebuyers are considering waiting to purchase a home or continue to rent in case of a housing bubble burst. Homes that were going for 20% over list price in February are now selling for 5-8% percent more, according to CAR’s April Market Trends Report. “One thing that has to be in place in order for a bubble to burst is you have to...

Bumps in inventory and interest rates give some homebuyers hope and a window of opportunity while others are priced out as the median price for a single-family Colorado home hits a record $600,000

Despite challenges, REALTORS® across the state share signs of hope for more balance in the near future https://www.coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO – Rising interest rates and seasonal growth in inventory have given some potential homebuyers a little larger window of opportunity while others have decided to take a step back from the homebuying search as their dollars just don’t go as far, according to the April...

Fort Collins REALTOR® Chris McElroy Awarded DSA

Fort Collins REALTOR® Chris McElroy has been announced as one of NAR’s newest Distinguished Service Award recipients, the highest honor bestowed on a NAR member outside of presidency. In 1994, McElroy served as president of CAR, and in 2000, he was named Colorado REALTOR® of the Year. His track record as a leader goes back more than 40 years. Chris...