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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, Future of Housing Community Foundation, Linda Norton Good Neighbor Scholarship Fund, & Monthly Market Information.

To learn more about this department and its related activities please contact Department Director Clint Skutchan at 970-402-0852 or clint@fcbr.org.

REALTOR & CONSUMER ADVOCACY DEPARTMENT INFO

The U.S. Senate on July 14th, passed H.R. 3700, the “Housing Opportunity Through Modernization Act,” by unanimous consent. This legislation includes reforms to current Federal Housing Administration restrictions on condominium financing, among other provisions, and is long supported by the National Association of Realtors®. Changes include efforts to make FHA’s re certification process “substantially less burdensome,” while lowering FHA’s current owner-occupancy requirement from 50 percent to 35 percent. The bill also requires FHA to replace existing policy on transfer fees with the less-restrictive model already in place at the Federal Housing Finance Agency.

Join us on August 4th from 4-6:30p at the World Famous Rio Grande Restaurant to celebrate another successful Future of Housing Campaign effort in support of RPAC. This event is FREE for anyone who has invested $50 or more and will feature light food and a frosty Marg along with networking with fellow investors, elected officials, and candidates.

New Listings were down 1.7 percent for single family homes but increased 11.4 percent for townhouse-condo properties. Pending Sales landed at 326 for single family homes and 86 for townhouse-condo properties. Days on Market are still slowly decreasing.

The Median Sales Price was up 9.2 percent to $355,000 for single family homes and 10.9 percent to $256,500 for townhouse-condo properties. Days on Market decreased 4.1 percent for single family homes and 22.7 percent for condo
properties.

Currently, one initiative has been approved for the Fall ballot Amendment 69 “ColoradoCares “ which would create a state health care system. However, 24 other initiatives have had titles approved and are gathering signatures in hopes of joining Amendment 69 on the ballot.

Win Broncos vs Carolina Tickets & more when you Invest in Our Housing Future

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 a Tablet + over $2,500 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. Be sure to ask us about your $5 credit!