Colorado Association of REALTORS | REALTOR News
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REALTOR News

September Housing Market Trends: Home Sales Decline as Colorado Housing Markets Work to Find Their Sweet Spot Amid Seasonal Challenges

Regional and Statewide Statistics Contact:  Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Oct. 10, 2019 – Single-family home sales across the state fell more than 14 percent from August to September but remain up 9.1 percent over September 2018 in the seven-county Denver metro area and 5.3 percent statewide, according to the latest monthly market data from the Colorado Association of...

As Illinois Legalizes Marijuana, CAR’s Scott Peterson and Liz Peetz Discuss Its Impact on Colorado Real Estate

On Jan. 1, 2020, Illinois will join a growing list of U.S. states where it is now legal to sell and consume marijuana. As the state moves towards implementation, REALTORS® in Illinois have been asking how legalization will affect the real estate industry in Illinois. CAR's General Counsel Scott Peterson and VP of Government Affairs Liz Peetz recently spoke with...

DORA Division of Real Estate Is Seeking an Investigations Team Lead

The Department of Regulatory Affairs - Division of Real Estate is seeking an Investigations Team Lead. This position is housed within the Division's Investigations Unit, which exists to investigate complaints filed by consumers and/or licensees, or are opened on the boards' own motions.  The unit ensures that investigations are completed within the Division's prescribed deadlines and that the investigations...

Colorado Gives Day, Dec. 10, 2019

Colorado Gives Day is an annual statewide movement to celebrate and increase philanthropy in Colorado through online giving. Beginning November 1,  you can schedule donations for Colorado Gives Day (December 10, 2019). Every donation made is boosted by the incentive fund, increasing the value of every dollar! Over the span of 25 years, The CAR Foundation has invested $7.8 million to support Colorado...

FHA Condo Rule Change Could Help More Buyers Break into Boulder Market

On Oct. 15, new rules will go into effect that will reduce regulatory barriers, making purchasing a condo in more expensive markets a bit easier. For example, the new rule will allow certain individual condominium units to be eligible for FHA mortgage insurance even if the condominium project is not FHA approved. (The condo unit needs to be in a...

Report: 2012’s Homebuyers Have Seen Equity Skyrocket

According to a recently released report from Redfin, people who bought a home during the downturn in 2012 have earned a median of $141,000, or 261 percent. The median home equity growth for Colorado Springs was among the highest, with an increase of $149,000 (677 percent). In Denver, the median home equity growth was 555 percent and the median home...

New Study Assesses Economic Impact of State Health Care Option

A new study just released by the REMI Partnership (Regional Economic Models, Inc.), of which the Colorado Association of REALTORS® is a member, has found that if Colorado were to offer residents a public health care option, it could negatively impact the state’s economy. HB 19-1004 passed during the last legislative session of the Colorado General Assembly and directed the...

Aerial view of residential neighborhood with view of downtown Denver.

Denver Asks Residents to Fill Out Survey on 2020 Housing Action Plan

The Denver Economic Development & Opportunity office recently released a draft version of the 2020 housing action plan. The city is asking for feedback from residents as it relates to housing policies and spending priorities. Denver has $30.6 million set aside to address housing next year, including $12.9 million to address homelessness. Denver residents have until Oct. 10, 2019 to...

Study Shows Short-Term Rentals Have Little Effect on Cost of Homes

9News recently reported on a study conducted by Denver's Economic Development department showing that short-term rentals, such as AirBNB, have little impact on the cost of homes. Short-term rentals make up about 1% (306,714 units) in Denver. According to the report, “Short term rentals in Denver do not appear to have an impact on housing costs at the citywide level....