colorado association of realtors

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 homebuyers couldn’t catch a break last year, having to juggle mortgage rates approaching 8% by early fall and home prices that remained stubbornly high despite reduced affordability. Home and condo sales dropped nearly 20% last year and sales times stretched out by an additional week to 62 days on average, according to 2023 counts from the Colorado Association of Realtors. But higher rates didn’t cause prices to fall in a meaningful way or boost the inventory of listing, leaving buyers in a tough spot. Looking at…

Leaders in Colorado school districts are trying to solve a big problem: They want to attract and retain teachers, bus drivers and other educators, but the state’s high cost of living keeps outpacing employees’ wages even after administrators dole out raises. So now they’re entering the housing market themselves. Districts are building tiny homes, becoming landlords and partnering with developers so that they can find ways to either lease housing to their employees at below-market rates or make homeownership possible for…