ENGLEWOOD, CO – Jan. 13, 2021 – While coronavirus delivered devastating effects on our personal and professionals lives throughout 2020, the oldest laws of supply and demand carried Colorado’s housing market through health-focused restrictions, as well as changing residential and work wants and needs. Coupled with historically low interest rates, the combination of circumstances delivered record-setting results in most measurable......
Between 2018 and 2028, the number of households is projected to increase by up to 12 million. Generation X and millennials are expected to drive most of that household formation. As they replace dropped households over that time, the two generations could add nearly 25 million new households by 2028, according to the CoreLogic Insights Blog. The largest cohort of......
“There’s not enough inventory,” said Denver-area REALTOR® Matthew Leprino. That’s how he described the hot real estate market in the Denver area in which November 2020 had a 0.8-month supply of homes for sale—the first time in recent memory when the market’s supply had fallen below a single month’s worth. Read the full Denver Post article....
“With winter on the horizon and temps falling, Larimer County’s real estate market remains hot,” said Estes Park-area REALTOR® Abbey Pontius. “COVID undoubtedly has put a crimp on the ease of showings, open houses, daily field work, and how we can close transactions, but these are just small speed bumps in the big picture. As we spend more time in......
The coronavirus hasn’t dampened the sale of homes on Colorado’s mountain communities. Sales in Telluride and Mountain Pass will likely pass $1 billion. Telluride REALTOR George Harvey said, “It’s Biblical.” “I was just on a 30-broker Zoom meeting this morning. All from Telluride. And we all said this: We are going to do less business in the next one to......
The Road to Recovery, a project developed by the Colorado Business Roundtable and Common Sense Institute, brings together dozens Colorado leaders from a wide range of industries and backgrounds to develop recommendations for getting Colorado back to work. “While COVID-19 has brought unprecedented challenges in terms of health and safety for Coloradans and the business community, the disruption has brought......
Colorado Association of REALTORS® honors Kate Kelley as Young Professional of the Year Kate Kelley, broker at WK Real Estate in Boulder, Colo., was recently awarded the “Gus Williams Colorado Young Professional network REALTOR® of the Year” during the Colorado Association of REALTORS® (CAR) 2020 Virtual Fall Forum. This award honors an individual who exemplifies leadership and has a strong commitment to the Young Professional......
Active listings and months supply of inventory fall to record lows driving land sales in many communities ENGLEWOOD, CO – Dec. 10, 2020 – High demand and a continually shrinking supply of homes available for sale across Colorado pushed active listing and overall inventory to all-time lows across the state and driving land sales in numerous markets, according to the......
Faced with more expensive home prices, home buyers are bringing more money to closing. The median down payment on a single-family home and condo purchased in the third quarter increased by nearly 67% compared to a year ago. Median down payments are at the highest level recorded since at least 2000, according to a new analysis from ATTOM Data Solutions,......
CAR’s Legal Hotline will operate on a reduced schedule between Monday, Dec. 21, 2020 – Jan. 4, 2021. Monday, December 14 – Friday, December 18: Available from 9 am to Noon and 1pm to 4pm Monday, December 21 – Wednesday, December 23: Available from 9 am to Noon, CLOSED from 1pm to 4pm Thursday, December 24 – Friday, December 25: CLOSED Monday, December......
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