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The National Association of Realtors announced Friday that it had reached a legal settlement that upends the traditional model of sellers paying for the buyer’s agent in a home purchase. The agreement has the potential to save home sellers billions of dollars every year, but could also complicate purchases for buyers. The NAR, the largest trade group representing residential real estate agents, agreed to pay $418 million over four years to settle claims that the group and its members engaged in uncompetitive practices…

Colorado’s economy did much better than first estimated when it came to adding jobs last year and hiring is off to a strong start in 2024, according to an update Monday from the Colorado Department of Labor and Employment. The U.S. Bureau of Labor Statistics initially reported Colorado employers adding 24,100 nonfarm jobs between December 2022 and December 2023, with the private sector adding only 1,100 jobs and the public sector adding 23,000. That worked out to a 0.8% growth rate, which lagged behind the U.S. rate of…

Colorado’s Front Range faces a risk of hail damage unlike any other area in the country, and it also happens to bewhere homeowners have installed solar panels on their roofs at some of the highest rates, according to a study from Roof Gnome, a platform that connects consumers with roofing and solar installation contractors. The combination can be a costly one when storms do hit and a contributor to rising home insurance premiums in the region. “Hail accumulation is an uncommon phenomenon but is most prevalent along the…

If Colorado’s economy were viewed as a drought map, the Front Range from the Wyoming border to Colorado Springs has abundant water and ranks high for prosperity, with Douglas County the equivalent of Blue Mesa Reservoir. Economic strength stretches up the Interstate 70 corridor across the mountains west through Garfield County to the Utah border, with roaring tributaries of prosperity pouring down from Steamboat Springs and Aspen and Telluride. Other pockets of prosperity include Lake, Custard, Park, Chaffee and Ouray…

From the mountains to the prairies, Colorado’s housing crisis is squeezing state residents in ways that make drastic choices an all-too-common part of their cost-of-living calculus. Colorado faces a shortfall of 100,000 homes and apartments, the second worst deficit of any state after California, according to a study last year from Up for Growth. A homebuyer misery index from the Common Sense Institute found households in the state’s largest counties facing record-high levels of stress. When The Denver Post put out a call…

Decades ago, Colorado’s mountain communities, struggling with sky-high real estate values, implemented “inclusionary” ordinances that required developers to set aside a share of the units they built at a lower price or lower rent. Aspen, Colorado, consistently tops the list of the most expensive places in the world to live on March 4, 2024. Nestled in the Roaring Fork Valley, Aspen boasts one of the highest concentrations of ultra-expensive real estate globally, intensifying the struggle for affordable housing options…

Metro Denver’s housing market saw signs of an early spring last month, with both new listings and closings rising sharply, according to an update from the Denver Metro Association of Realtors. New listings, a measure of seller activity, rose 29.1% month-over-month to 4,243, an increase of 22.6% from a year earlier. Closings were up 31.2% month-over-month to 2,864, but they remain down 0.45% from year-ago levels. There were 5,511 homes and condos available for sale at the end of the month, an increase of 13.1% from January…

Carestream, a global provider of medical imaging and X-ray systems, said Monday that it will close its Windsor manufacturing facility and transfer production operations elsewhere. The company said 210 of the 236 employees now employed at 2000 Howard Smith Ave. in Windsor will lose their jobs, with the remainder transferred to other locations. Layoffs are expected to start on April 26 with a group of 137 employees, according to a Worker Adjustment and Retraining Notification letter filed with the Colorado Department of…

Colorado has one of the most educated populations in the country, second only to Massachusetts for the share of residents holding a college degree. But the state also ranks seventh in terms of how much money people are losing to scams, according to a LendingTree analysis of fraud data from the Federal Trade Commission. The financial success of Colorado’s population because of its education is a primary reason it is a prime target for fraudsters. In the first nine months of 2023, Colorado residents filed 46,410 fraud…

Dish Network LLC, the satellite television and wireless service provider, informed the state on Tuesday that it will cut another 53 jobs, bringing the tally of workers let go since November to 718. The Douglas County-based company, a subsidiary of EchoStar Corp., also announced that Mike Kelly, the executive overseeing retail wireless strategy, has resigned and will depart at the end of the month. “We appreciate his hard work and commitment to our business. While we conduct a search for his successor, Hamid Akhavan,…