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...
Throughout the week, Texas Roadhouse, 2451 W. 28th Street, is packed with people who come for the hefty steaks and juicy ribs. Weekday lunchtime sees steady patronage from business people. On weekends, oil and gas industry workers swell an already busy restaurant. On a recent Friday night, the restaurant was a lively mix of families, couples and friends. Except for...
Get ready for Gen Z. People between the ages of 18 and 23 are eager to become homeowners, and many are already setting aside money for a down payment. More than half of Gen Zers surveyed said they are saving for a home, and 59 percent say they plan to buy a home within the next five years—before they reach the...
The Colorado Association of REALTORS® (CAR) has completed a 50-state research analysis designed to identify the most innovative and successful programs being implemented to address the full spectrum of housing issues facing communities across the United States. From affordability and product type to inventory needs, CAR’s research set out to help identify what state and local governments, public and private businesses,...
Across Colorado, there were 20,100 active residential listings available on the market at the end of May, according to a report Monday from the Colorado Association of REALTORS. That represents a 32 percent drop in the active inventory of homes for sale versus a year ago, with about 10,500 fewer single-family homes and 2,100 fewer condos available for sale. Sellers showed...
As a first-time homebuyer, you have a lot on your mind. But, location and price are likely at the top of the list. So, where can you put down your roots without breaking the bank? Taking a look at three top categories — affordability, livability and price stability—NerdWallet ranked the best places for first-time homebuyers nationwide. Centennial, Colorado ranked 8th nationwide...
CAR’s First-time Homebuyer Savings Act Tax Deduction, recently signed into law by Governor Hickenlooper on June 10th, is garnering nationwide attention as Congressman Coffman introduced a federal version of this bill on Friday. CAR championed legislation creates first-time homebuyer savings accounts which allows a tax deduction for account holders on the interest earned on these accounts. A First-time Homebuyer Savings Account...
The supply of homes for sale in Colorado in May reached historic lows throughout much of the state according to statistics released today by the Colorado Association of REALTORS®. There were 17,724 single-family homes available statewide for purchase, down 24 percent from a year ago and representing just a 2.5-month supply. Similarly, the 4,237 condominiums and townhouses for sale in...
CAR is very pleased to announce that the First Time Homebuyer Savings Account Act passed the Legislature Tuesday morning after the State Senate gave the bill it’s final approval. CAR extends its deepest gratitude to House Majority Leader Crisanta Duran, Representative Joe Salazar, Senate Majority Leader Mark Scheffel and Senator Beth Martinez-Humenik for their sponsorship of HB-1467, and for their...
Millennials. Many were raised during the housing crisis and the recession. Their childhood experiences in a down market has shaped their outlook on home ownership. At least, that was the prevailing belief. A few years ago, it looked as though the millennial generation was rather uninterested in buying a home. In 2013, NAR was releasing reports showing a gradual, year-to-year, conspicuous...