Colorado Association of REALTORS | Residential Housing

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Residential Housing

Demand Devours Inventory Despite Record Number of New Listings

Posted on June 12, 2019

Consumer Awareness, General, Market Trends, Market Trends & Statistics, REALTOR News, Residential Housing, Stats & Trends

FOR IMMEDIATE RELEASE Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com Demand devours inventory despite record number of new listings Record number of new listings across state can’t correct housing inventory and affordability challenges as prices continue climb http://www.coloradorealtors.com/market-trends/regional-and-statewide-statistics/ ENGLEWOOD, CO. – June 12, 2019 – Despite a record number of new single-family (12,962) and condo/townhome (3,768) listings hitting the Colorado housing market in a record cold May,...

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Affordable Housing in San Miguel County Gets State Boost

Posted on June 11, 2019

Construction, Consumer Awareness, General, Government Affairs, REALTOR News, Residential Housing

A lack of affordable housing doesn’t just bedevil Telluride, it challenges communities across the state, so much so that last October a bipartisan group of state senators and representatives sat down with diverse stakeholders ranging from the Colorado Association of REALTORS® to Habitat for Humanity to Ski Country USA, plus local government representatives, to examine the issue. Town of Telluride Program...

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How to Overcome the Biggest Obstacle to Home Ownership

Posted on June 11, 2019

Consumer Awareness, REALTOR News, Residential Housing

Raising enough cash for a down payment is often the biggest hurdle for homebuyers. According to some estimates, it can take up to 15 years for people to save towards the purchase of a home, especially with conventional mortgages, which require anywhere between 5 to 20 percent down. If you’re trying to buy a $400,000 house, that could equate to $80,000 in cash you...

An illustration related to Adjustable Rate Mortgages (ARMs) and the rising interest rates associated with them.

When it comes to low foreclosure rates, no state compares to Colorado

Posted on May 28, 2019

Consumer Awareness, General, REALTOR News, Residential Housing

Colorado was a leader when it came to missed mortgage payments and foreclosures in the years before the 2008 financial crisis. Now, no state can compare when it comes to borrowers who are timely on their mortgage payments and hanging onto their homes. Colorado has had the lowest rate of mortgage delinquencies of any state for 26 consecutive months and has...

Construction increase and growing residential community concept as a sketch with multiple homes and a pencil drawing more homes as a real estate or housing investment economic activity with 3D illustration elements.

A Booming Urban Housing Market Reaches A Small Town On The Eastern Plains

Posted on May 28, 2019

Communities, Consumer Awareness, General, REALTOR News, Residential Housing

Out on Colorado’s Eastern Plains, the pound of hammers and saw blades cuts through the steady silence. A construction site hums next to a solitary cluster of nearly 150 newly built homes and 48 apartment units. In the small town of Wiggins, where a pair of grain silos are the tallest structures for miles, the population of less than 900 hadn’t...

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360 Story: iBuyers in the Denver Metro Area

Posted on May 21, 2019

Communities, Consumer Awareness, REALTOR News, REALTORS in the News, Residential Housing

The Denver Channel 360 interviewed multiple perspectives on real estate agents versus iBuyers, including an iBuyer who said time is money, home sellers who warn that you get what you pay for, an agent who doesn't want you to leave money on the table and a homeowner who wants to just keep it simple. Home sellers: You get what you pay for REALTORS® couldn't...

New housing inventory delivers little help to buyers as strong sales continue to drive pricing to new record highs across Colorado

Posted on May 10, 2019

Communities, Consumer Awareness, General, Local Association, Market Trends, Market Trends & Statistics, REALTOR News, Residential Housing, Stats & Trends

ENGLEWOOD, CO. – May 10, 2019 – The much-anticipated influx of new spring season listings in Colorado’s housing market has had a limited impact for buyers as strong sales and continued low inventory have driven median and average pricing to record levels in the seven-county Denver metro area, as well as markets across the state. Those high-water marks for pricing...

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Denver Remains a Top Destination for Millennials, but a Shortage of Affordable Homes Could Make it Harder to Keep Them

Posted on May 7, 2019

Consumer Awareness, General, NAR, REALTOR News, Residential Housing

Denver remains a magnet for millennials, but a lack of affordable homes could prevent many of them from sticking around for the long haul. Out of 100 metros examined, Denver continues to rank in the top 10 for its ability to attract and retain millennials, the generation born between 1980 and 1998, according to a study from the National Association of...

FORT COLLINS, CO, USA - MAY 20, 2016: Aerial view of typical residential neighborhood along Front Range of Rocky Mountains in Colorado in springtime

Fort Collins Housing Prices Still Climbing While Number of Sales Decline

Posted on April 30, 2019

Consumer Awareness, Local Association, Market Trends, Market Trends & Statistics, REALTOR News, REALTORS in the News, Residential Housing, Stats & Trends

Home prices continue to edge up in Fort Collins even as the number of homes sold declined for the first three months of the year. ### The median price of homes sold in the first quarter hit $420,000, up nearly 4 percent from last year's first quarter, while the median price in March alone topped $425,000, according to Fort Collins Board of REALTORS®. ### "The numbers for...

What Would Rent Control Mean for Colorado?

Posted on April 17, 2019

Consumer Awareness, General, Government Affairs, REALTOR News, Residential Housing

A new bill under consideration in the state legislature would give local governments across Colorado the ability to implement rent control policies. Colorado has had a statewide ban on rent control policies since 1981, when it was enacted in response to a citizen initiative in Boulder to allow rent-controlled housing. Now, in the face of an affordable housing crisis in Denver and across...