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REALTOR News

Lakewood City Council Approves Residential Growth Restriction Plan

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...

Potential Short Term Rental Tax Could Be ‘Devastating’ in Summit County

The issue of short term rentals, like AirBnB, and their potential effect on the state's lack of affordable housing is once again being debated by lawmakers. A bill filed in the Colorado General Assembly would increase the property tax rate on short term rentals from the residential rate of 7.96% to the commercial rate of 29%. Proponents of the measure...

Pueblo Market Remains Strong; Median Sales Price Increases in 2019

“Overall, the 2019 Pueblo market was about the same as 2018, plus or minus 2%. The two big differences were median sales price, which rose just more than 13% to finish the year at $210,000, and days on market, up 8.6% over 2018. The 2019 sold listings slipped a total of 45 from 2018, just a 1.6% dip. We are...

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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 proactive 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...

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Capitol Connection – Jan. 21, 2020

TACKLING THE DANGERS OF WILDFIRE The Wildfire Matters Review Interim Committee convened over the summer months to discuss wildfire prevention, mitigation, and related matters to improve public safety and forest health issues. By identifying best practices to prevent the devastating impacts of wildfire and areas where the state can improve these practices, Colorado is working hard to protect lives and...

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,”...

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Capitol Connection – January 10, 2020

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...