FCBR’s REALTOR & Consumer Advocacy Department helps to ensure the success of our members via the 4 “I’s”- Involvement, Investment, Information, & Influence. Our Advocacy efforts are predicated on meaningful Community Involvement, Investment in key organizations, trustworthy local real estate Information, and effective Influence on local public policy.           

Key committees/task forces of this department include Government Affairs, REALTOR® Political Action Committee, Community Outreach, CARHOF, Linda Norton Good Neighbor Scholarship Fund, Public Relations, & Monthly Market Information.

To learn more about this department and its related activities please contact Department Director Clint Skutchan at 402-0852 or clint@fcbr.org.

REALTOR & CONSUMER ADVOCACY DEPARTMENT INFO

 

August Housing Report: Housing Remains High & Tight

 

Although low supply and tight credit standards are still hurdles to recovery, prices continue to rise in most local areas. Job growth has strengthened lately, but wage growth has not kept pace with the price gains we have seen. Buoyed by stable and continuously lower interest rates, affordability is still historically high yet below its all-time peak.

Rising inventory levels will lead to more choices for qualified buyers, but as the summer reaches toward fall, the prospect of more homes coming on the market begins to wane.

New Listings were down 13.0 percent for single family homes but increased 15.5 percent for townhouse-condo properties. Pending sales clocked in at 320 for single family homes and 113 for townhouse-condo properties.

The Median Sales Price was up 6.6 percent to $290,000 for single family homes and 13.9 percent to $181,000 for townhouse-condo properties. Months’ Supply of Inventory stood at 2.5 for single family units and 1.1 months for townhouse condo units.

The U.S. Department of Commerce reported that GDP grew at a 4.0 percent annual rate in the second quarter and that the first quarter was less bad than previously thought. Consumer spending in the first quarter rose 2.5 percent, which is encouragingly in tandem with savings rates. Increased consumer spending means more demand for goods and labor; increased savings rates means more resources for down payments. With rates still low, rents still rising and private job growth accelerating, it's becoming more and more difficult to side with the housing perma-bears.

A comprehensive Housing Report from the Fort Collins Board of REALTORS® outlining the latest market reports for single family and multi-family housing in the greater Fort Collins Area. Residential Market Statistics for single family detached and attached homes provided by IRES. Please note that IRES no longer includes "to be built" and "under construction listings.

For more information please visit www.fcbr.org/HousingReports or call 223-2900

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FCBR Takes Position on TOD Parking Standards

The FCBR BOD at its July meeting supported a number of positions in relation to the upcoming discussions of parking standards in the Transit Overlay District. While offering a great deal of support for most of the proposals FCBR will begin lobbying for the inclusion of offsets that would encourage affordable options for average wage earners in addition to low income housing. To learn more about this important issue please read on...

2014 Capitol Connections Legislative Recap

REALTORS® are hard at work every day promoting home ownership and protecting your interests at our State Capitol. With the 2014 legislative session adjourned, you can view a review of the critical issues that impacted the real estate industry. Featuring Scott Peterson, Esq., Counsel Realty Group, LLC ----- Rachel Nance, Principal, Lewis Roca Rothgerber ---- Ted Leighty, CAR Vice President of Public Policy

RPAC Drawing: First American Title Offers $100 Local Brewery Package

Have YOU invested in our Housing Future Yet? Well what are you waiting for.. each month that passes means you are missing out on our fabulous Future of Housing (RPAC) Investment Campaign's Monthly Drawing! July's Drawing of the month is courtesy of First American Title and they are offering a Local Brewery Package including growlers and fills worth more than $100!

Annual Future of Housing Fundraising Campaign Raises over $22,000

Have you Invested in our Housing Future yet? By investing $25 or more in the REALTOR® Political Action Committee (RPAC) not only will you be supporting important REALTOR® & Consumer Advocacy efforts that protect your business, but once again this year you will be given a shot at an Ipad + over $1,500 in other prizes. Plus invest $50 or more and you will be invited to our recognition celebration where you will enjoy networking, beverages, & light food. Plus invest $50 before April 6th and get a shot at an amazing Broncos get-away and $5,000 in other prizes.

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