RE/MAX of Boulder Real Estate Blog

RE/MAX of Boulder 2014 First Half Highlights

With Q2 of 2014 in the books, RE/MAX of Boulder reviewed their company numbers for the first half of the year.

As it often is, productivity is high for the REALTORS at RE/MAX of Boulder. According to IRES MLS they have accounted for 261 homes sold and 238 home purchases, for a combined 499 homes bought or sold in Boulder and Broomfield counties since January first of this year. That’s nearly as many listings and sales as the next three highest offices…combined. 

To put it into dollars, RE/MAX of Boulder has closed just over $456,000,000 in volume from January 1 to June 30th of this year.

According to BrokerMetrics®, their combined listings and sales plus their volume closed through the first two

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

Mortgage interest rates increased slightly this past week as economic data was mixed.  Economic data stronger than expected included the July Empire State Manufacturing Index, the NAHB Housing Market Index, weekly jobless claims, and the July Philadelphia Fed Business Index.  The Philadelphia Fed Business Index reached its highest level since March 2011.  Economic data weaker than expected included June Retail Sales, May Business Inventories, June Industrial Production and Capacity Utilization, June Housing Starts and Building Permits, the University of Michigan Consumer Sentiment Index, and June Leading Economic Indicators.  Also of note, the June Producer Price

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For the second consecutive year, Colorado ranks eighth among states for its small business friendliness, according to a survey by Thumbtack in partnership with the Ewing Marion Kauffman Foundation.

The Small Business Friendliness Survey draws upon data from more than 12,000 small business owners to provide insights into state and local business environments across the nation.

“After a two-month survey of thousands of small business owners nationwide, Colorado has emerged as one of the best places for small firms to operate in the country,” says Jon Lieber, Thumbtack chief economist. “Creating a business climate that is welcoming to small, dynamic businesses is more important than ever, and Colorado’s city and state governments are

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Just because a “home improvement” may appeal to a home owner, doesn’t mean it will appeal to potential home buyers. Because there’s no guaranty that a person will live in a home forever and will never put the house on the market, here are five home upgrades to avoid, according to Real Simple:

Home office

Converting a bedroom into a home office will only reduce the number of bedrooms the house will have and make it difficult for home shoppers to see a bedroom in place of a space a desk and file cabinets now occupy, Real Simple reports.

Concrete patio

A concrete patio will most likely crack at some point, and it’s not repairable. It also reflects light and gives off a harsh glare.

Bold-colored marble counters

While the decorator in the

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1.        3131 5th Street, Boulder OPEN SUNDAY 12 – 2 PM 

2.       2239 Eagles Nest Dr., Lafayette OPEN SUNDAY 12 – 2 PM 

3.       751 Marine Street, Boulder OPEN SUNDAY 11 AM – 1 PM

4.       1297 Single Tree Lane, Erie OPEN SUNDAY 11 AM – 1 PM 

5.       3132 Linden Drive, Boulder OPEN SUNDAY 12 – 2 PM 

6.       8733 Portico Lane, Longmont OPEN SUNDAY 12 – 2 PM    

7.       3785 Birchwood Dr., #69, Boulder OPEN SUNDAY 1 – 3 PM   

8.       1259 Hawk Ridge Rd, Lafayette OPEN SUNDAY 12 – 2 PM  

9.       1584 Zinnia Circle, Lafayette  OPEN SUNDAY 11 AM – 2 PM  

10.   9234 Arapahoe Rd, Boulder OPEN SUNDAY 12 – 2 PM   

11.   4361 W. Torreys Peak Dr., Superior OPEN SUNDAY 1 – 3 PM   

12.   4571 S. Meadow Dr., Boulder OPEN SUNDAY

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According to the National Association of Realtors, Colorado continues to rank high when it comes to job growth, whether it’s current, future or jobs for college graduates.

Of the 80 percent of 372 metros the government tracks that have more jobs this year than one year ago, Colorado ranks sixth, according to the most recent statistics.

North Dakota remains the leader for job growth, with oil and gas drilling proving to be a big boon for the state.

The following states posted the most job growth in the past year:

The NAR is also reporting based on information from HIS Global Insight, that the Western region – of which Colorado is a part - leads the nation in job growth, benefiting from a strengthening housing market and bustling energy and

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The Colorado economy outperformed the U.S. economy through the first six months of 2014, and it’s likely to continue to do so through the remainder of the year, according to the University of Colorado Boulder’s Leeds School of Business.

With an economy that continues to grow at a magnitude that slightly exceeds previous expectations, Colorado’s employment is up by 3 percent from May 2013 compared with May 2014, according to the school’s midyear economic outlook. The outlook shows experts expect a total gain of 68,000 jobs in Colorado in 2014 – an upward revision to a December estimate of 61,300 jobs for the year.

Growth is also projected in all of the state’s sectors except for information, which includes publishing and telecommunications, according

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Although the housing market looked anything but bleak in May, it was actually doing better than thought, and June’s statistics show even more improvement.

A change to the IRES search screen caused the Boulder Area Realtor® Association to fail to include all homes on the market in its May inventory statistics. After making the necessary calculations, it was found that 1,400 homes were for sale in May versus the 942 single-family homes reported, and 393 attached units compared with 206 reported.

Even with the change in May’s statistics, single-family inventory improved 13.4 percent in June with 1,588 homes on the market, and condominium/townhome inventory improved 4.3 percent with 410 units for sale.

The inventory of detached homes for sale in June

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"The Boulder lifestyle, its Open Space, and its walk and bike-ability are equally appealing to age groups from Millennials to empty-nesters," said RE/MAX of Boulder agent, John McElveen in an interview with Duane Duggan and ROB Radio. "Walkability is top-of-the-list for Boulder's new urban dwelling culture."

Boulder has also noticed a higher demand for condominiums and appears to be creating a more urban lifestyle than before, with buyers looking to be within walking distance of amenities.

"We're seeing the empty-nester demographic purchasing in Boulder more often; they're looking to settle in Boulder and want to be able to walk places and lock & leave," says McElveen.

Here are four new Boulder condominium projects McElveen describes as "modern,

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

Mortgage interest rates improved slightly this past week as economic data was limited.  Economic data of note included May Consumer Credit which increased slightly more than expected.  Weekly Jobless Claims fell more than expected and May Wholesale Inventories were in line with expectations.  Markets were still digesting last week’s June employment report which showed unemployment fell to 6.1%.  The labor participation rate, though, remains low at 62%.  The FOMC Minutes from the June 18 meeting indicated that the Fed is still on track to wind down its Treasury and Mortgage Backed Security purchases later this year.  The Treasury auctioned $61 billion in 3 Year

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