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...
“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,”...
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...
“Our Colorado market has become so tough and unaffordable that the U-Haul report showed that people are now coming here less than they were just last year. In 2018 Colorado ranked number 16 on the list of states to move to. We now sit at 42 as word on the street is, we cost too much,” said Patrick Muldoon, a...
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...
Housing markets gear up for most active months with little inventory as affordability improves Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Jan. 13, 2020 – Colorado housing markets closed out the past decade with 10-year record or near record lows in several key inventory related categories, according to the latest monthly market data from the...
© National Association of REALTORS®The 2020 NAR Leadership Team meets with HUD's secretary. From left: President-elect Charlie Oppler, President Vince Malta, HUD Secretary Ben Carson, CEO Bob Goldberg, Immediate Past President John Smaby, First Vice President Leslie Rouda Smith, Vice President of Association Affairs Mabél Guzmán, and Vice President of Advocacy Christine Hansen. Expect the National Association of REALTORS®...
Property tax bills are going out this month to Denver residents, which might lead some homeowners to file an appeal if they think Denver's assessor has made a mistake in the property's valuation. Denverite spoke with Denver-area REALTOR® Matthew Leprino, who explained that if a county assessor pegs a home’s value higher than the market might value it, it could...
“I will be telling any buyers who come through my office to be looking at a longer-term game. You won’t make $50,000 in appreciation in two years,” Matt Leprino, Colorado Association of REALTORS spokesperson, said. “You might see a lot of people pull the trigger on selling properties primarily income properties,” Leprino said. “You will see a larger influx of...
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...