Last Updated:
May 28, 2010
Washington D.C. Real Estate
REALTORS? Elected To Town Councils, Boards
Municipal elections were held in Breckenridge, Carbondale, Dillon, Eagle, Minturn, Red Cliff, New Castle, Silt, and Silverthorne on April 6th. Frisco, Gypsum, & Parachute canceled their elections because all candidates were running unopposed. In the Town of Eagle, REALTOR? Scot Webster was elected to the Town Board in a tight race. In Dillon, REALTOR? Jason Smith ran unopposed and was elected. Many of the local races were hotly contested, but the general feeling is that most of the town councils and boards are in more favorable positions towards the real estate and development communities after these elections. Many of the incoming Council/Board members are local business owners, architects, REALTORS?, builders and other business friendly individuals.
Work Continues on Condo Financing Issues
The Western Mountain Resort Alliance is working on a position paper that will urge NAR to take action on condo financing legislation. The paper will be presented to the NAR Resort & Second Home Committee at NAR?s mid-year meetings in Washington, D.C. during the second week of May. The Steamboat Springs, Vail & Summit Boards have already been working with Congressman Jared Polis, who represents Summit and Vail, to introduce legislation that will exempt resort markets from Fannie and Freddie guidelines. NAR is also planning a meeting with the FHFA Commissioner, and REALTORS? from several affected states during NAR?s mid-year meetings to address condo financing concerns.