RE/MAX of Boulder Real Estate Blog

By Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Mortgage interest rates were mostly flat on the week as today’s employment report for January was mixed.  The unemployment rate in January fell to 4.9% on expectations that it would remain unchanged at 5.0%.  Average hourly earnings increased 0.5% on expectations that they would increase 0.3%.  Non-Farm Payrolls, though, increased by only 151k on expectations that they would increase by 188k.  Private Jobs increased by only 158k on expectations of 180k.  The mixed employment report calls into question whether the Fed will increase the Fed Funds rate at their March FOMC Meeting.  Other economic data was mixed as well.  Economic data stronger than expected included

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Two Colorado towns are among the 50 Best College Towns nationwide: Boulder claimed the No. 1 spot and Fort Collins was named No. 14 by Best College Reviews.

And when it comes to college towns, the competition for “best” is among the toughest there is.

According to the report, "much" has to click to make a town truly great for college living – ranging from the “palpable vibe of an alma mater,” to offering lots of activities and being an inviting place to stay post-graduation. To be at the top of the list – and in Boulder’s case the very top – all of the key attributes have to exist in abundance to make a town a truly rich and memorable part of college experience.

Factors considered by the reviewers are:

  • Livability
  • Student-to-resident
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By Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Mortgage interest rates improved this past week as economic data continues to be mixed.  Economic data stronger than expected included January Consumer Confidence, December New Home Sales, Jobless Claims, and the January Chicago Purchasing Managers Index.  Economic data weaker than expected included December Durable Goods Orders, NAR Pending Home Sales, the first look at Q4 GDP, and the January University of Michigan Consumer Sentiment Index.  Q4 GDP was up 0.7% on expectations that it would be up 0.9%; for 2015, GDP increased 2.4%.  As expected, the Fed left the Fed Funds rate unchanged at the conclusion of its FOMC meeting.  The Bank of Japan unexpectedly cut

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By Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Mortgage interest rates were mostly flat week over week as economic data was mixed.  Economic data stronger than expected included December Building Permits, the January Philadelphia Fed Business Index, and December Existing Home Sales.  Existing Home Sales were up 14.7% month over month on expectations that they would be up 8.5%.  Year over year, Existing Home Sales were up 7.7%.  Economic data weaker than expected included the January NAHB Housing Market Index, the December Consumer Price Index (CPI) including the core index, December Housing Starts, Jobless Claims, and December Leading Economic Indicators.  The Consumer Price Index (CPI) was up 0.7% year over

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Boulder-area home sales showed growth in the final year-to-date data for 2015, despite the continued challenge of low inventory, according to Ken Hotard, vice president of public affairs for the Boulder Area Realtor® Association.

“December closed 2015 very strong year-over-year for single-family homes and in attached dwellings the area basically matched last year’s sales,” says Hotard.

Sales of single-family homes in Boulder County improved 11 percent year-to-date through December 2015 compared to the prior year with 4,869 units sold versus 4,385. Month-to-month sales increased 24.4 percent in December compared to November—351 units sold versus 282.

In condos and townhomes, year-to-date sales inched up a scant .7 percent—1,562 units versus

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Home sellers considering a remodel to add curb appeal to their home will be glad to know that the return on investment is likely higher this year than last.  

But not all remodeling projects are created equal when it comes to the “payback” value, or how much of the cost of the renovation you will get back upon resale.

According to the Remodeling 2016 Cost vs. Value Report (www.costvsvalue.com), eight of the top 10 highest payback projects nationwide are exterior projects such as manufactured stone veneer, new siding or exterior decks.

In Denver, the highest return is on the addition of manufactured stone veneer, reported to return nearly 100 percent of the average cost of $7,511.  Next up is attic insulation with an 87.4% home resale return on

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By Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Mortgage interest rates improved this past week as stocks continue to lose ground on concerns about oil prices and China’s economy.  Global equities have lost $5.6 trillion in value in 2016.  U.S. economic data was mostly weaker than expected.  Economic data weaker than expected included weekly jobless claims, December Export Prices, the December Producer Price Index, December Retail Sales, the January New York Empire State Manufacturing Index, December Industrial Production and Capacity Utilization, and November Business Inventories.  Industrial Production was down 1.8% year over year, its fastest pace of decline since May 2008 and a level that has usually produced

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The news is good for buyers in Boulder County and 10 Denver-metro area counties.

The maximum limit for a loan conforming to Fannie Mae and Freddie Mac guidelines will be raised for “high-cost” counties in 2016, according to the Federal Housing Finance Agency.

For most of the country, the maximum conforming loan limit will remain unchanged at $417,000 for one-unit properties. But due to the increase in area median home values, 39 specific counties nationwide were granted an increase in maximum conforming loan limits.  

Boulder County saw a rise of $18,400 to $474,900 for 2016.  

In the Denver-metro area, Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park counties all got a lift in maximum

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By Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Mortgage interest rates improved slightly as economic data was mixed.  Economic data stronger than expected included December Non-Farm Payrolls, December Private Jobs, December ADP Private Jobs, and the November Trade Deficit.  December Non-Farm Payrolls increased by 292k on expectations that they would increase by 200k.  Economic data weaker than expected included the December ISM Manufacturing Index, November Construction Spending, the December ISM Services Sector Index, weekly jobless claims, December Average Hourly Earnings, and November Wholesale Inventories.  The ISM Manufacturing Index fell to its lowest levels since June 2009, Construction Spending fell to

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The "Force" seems to be with Boulder when it comes to notoriety as a hot spot for startups.

As the home to thriving Boulder-launched businesses such as the Techstar-spawned startup, Sphero – the creator of the Star Wars droid toy, BB-8TM – we hear about Boulder’s vibrant startup community every day.

But now writers in two publications, Fortune Entrepreneur Insider and Business Insider, are calling Boulder the No. 2 city worldwide that might be "better than Silicon Valley” to launch your startup.  

Expensiveness and competitiveness are top reasons to find another place to germinate your business, writes founder and CEO of Globelist, Mitali Rakhit in Fortune Entrepreneur Insider. She cites the cost of everything from funding

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