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Capitol Connection – February 16, 2018

House Bill 18-1227: Real Estate Commission Flexibility in License Period HB18-1227, sponsored by Representative Herod (D-Denver), Representative Wist (R-Centennial), and Senator Cooke (R-Greeley), is a clean-up bill to the real estate sunset from 2017.  In the sunset bill, the expiration date of real estate licenses changed from an anniversary date to a calendar renewal on December 31st of the third year...

Amazon HQ2 Headquarters Creates Concern for the 20 Finalist Cities

Colorado is currently in the running of the 20 finalist cities that could become the new home for Amazon HQ2 second headquarters.  While there is excitement about this potential opportunity there is also concern.  Colorado's housing market is already strained and if Amazon chooses Colorado the strain could worsen. Kelly Moye a Colorado Association of REALTORS spokesperson had this to...

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2018 RPAC Award Winners

The Colorado Association of REALTORS® Political Action Committee, otherwise known as RPAC, is the single most important driver behind our political success.  It is an honor to recognize local boards, associations, and individuals who accepted and met the challenge to help us raise RPAC dollars in 2017.   First to Hit RPAC Goal Denver Metro Association of REALTORS® - This association achieved the...

Colorado Association of REALTORS® Economic Summit Creates a Buzz about Ballot Initiative No. 66

The Colorado Association of REALTORS® sought to get the word out about the dangers of ballot initiative No. 66 and successfully did so at their annual Economic Summit on February 7, 2018.  Initiative No. 66 is currently being reviewed by the Supreme Court and could be on the ballot this November.   This initiative seeks to cap new housing construction to 1%...

How low can you go?

Homebuyers facing inventory supply levels never before seen in Colorado   ENGLEWOOD, Colo. – Feb. 12, 2018 – Housing affordability, a popular discussion from renters to REALTORS®, elected officials to economists, and many others across our state, is taking a back seat to the real housing conversation across most of Colorado – availability – or the lack thereof, according to the latest...

Colorado Association of REALTORS® Economic Summit Tackles the Hard Subject of Ballot Initiative No. 66

“This will bring our economy to a halt. You don’t bring affordability to a market by reducing supply,” Scott Thorson, the Chief Operating Officer at Oakwood Homes, said at the Colorado Association of REALTORS®’ Economic Summit on Wednesday in Denver.   Ballot initiative No. 66, which is awaiting a review from the Colorado Supreme Court, would limit permits for homes and apartments...

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Capitol Connection – February 9, 2018

Another Economic Summit and REALTOR® Day at the Capitol is in the books! Thank you to all our members and colleagues who attended CAR's Economic Summit and REALTOR® Day at the Capitol!  We had a busy two-day event with over 250 REALTORS attending from across the state! The Economic Summit was highlighted by a panel discussion that focused on the newly...

Real Estate Market Active Across the State

"It's a sellers market" will be a phrase we will continue to hear throughout Colorado as a state.  Garfield County recently received year-end reports from the Colorado Association of REALTORS market trends and statistics report distributed by the Glenwood Springs Association of REALTORS.  Year-end reports showed new listings increased 1.5% for single-family homes with an increase of median home sales...

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Capitol Connection – January 26, 2018

Senate Bill 18-015: Protecting Homeowners and Deployed Military SB18-015, sponsored by Senators Gardner (R-Colorado Springs) and Hill (R-Colorado Springs) and Representatives D. Williams (R-Colorado Springs) and Liston (R-Colorado Springs), allows for the removal of an unauthorized person (trespasser) from a residential property within 24 hours based on an affidavit from the true property owner. The rightful property owner is subject to...

Condominium Construction Remains Slow Even 9 Months After the Passage of the Construction-Defect Bill

The passing of the construction-defect bill was a big win for Colorado and the housing market.  A big win indeed, but challenges still remain. Some of these challenges include high insurance premiums from the previous years of lawsuits related with condominium builds.   These continued challenges have large builders still weary to begin projects in the state.  This leaves small local builders...