RE/MAX of Boulder Real Estate Blog

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

Yesterday not much change, this morning also started quietly. Scanning news overnight there isn’t anything of consequence that would move markets. US earnings reports are in full swing this week with 150 companies reporting. Late yesterday afternoon Netflix reported better results than forecasts. A number of news items about mergers and acquisitions but nothing that directly affects interest rates in early activity. At 9:00 the 10 traded unchanged from yesterday with MBS prices also essentially unchanged (-3bp); stock indexes at 9:00 also flat into the 9:30 open.

At 9:30 the DJIA opened +16, NASDAQ +15, S&P +2; 10 yr at 9:30 2.74% +2 bp and 30 yr FNMA MBS price

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RE/MAX of Boulder Radio turned the tables on host, Duane Duggan, in an interview that shed some light on Boulder County’s housing shortage.

Despite anxieties surrounding the shortage, Duggan assures potential buyers that the housing shortage doesn’t mean they need to wait.

 “It’s a good time to buy in real estate,” he advises, “In the long run, real estate in Boulder County is a great investment.”

So, to what does this seasoned real estate agent accredit Boulder County’s housing shortage?

-Statistics show people are living longer and staying in their homes longer: People are spending an average of nine years in a home instead of five and elderly home owners are staying in their homes later into life than previously observed.

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Happy Easter Weekend! We have a couple great open houses on Saturday:

353 Caribou Pass Circle, Lafayette 11 am – 1 pm – Brian Sundberg 

354 Hollyberry Lane, Boulder 12 – 3 PM – Chris Carter 


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

Interest rate market is holding positive technicals but the bellwether 10 yr has met very hard resistance at 2.60%; it functions as a brick wall when the yield falls. MBS markets also still hold positive technical readings but won’t improve much unless the 10 can somehow crack 2.60%. To do so in the present environment it will take more selling in the equity markets. We remain very skeptical that the stock market can hold at these near record highs, however with nowhere to turn to make any kind of return the stock market does have solid support engineered by the Federal Reserve and other major central banks.

Janet Yellen speaking in Stone Mountain Georgia

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As contradictory as year-to-year sales decreasing and month-to-month sales increasing may seem, the Boulder area’s real estate statistics for March continue to reflect a resilient market.

“I don’t see much difference in this month’s statistics than the pattern we’ve continued to see the last several months,” says Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association. “It’s pretty steady as she goes.”

Year-to-year sales of single family homes dropped 14 percent in March compared with a year ago – 271 units versus 315 units – while sales in the same category increased 39.7 percent in March compared with the 194 units sold in February.

The trend repeated itself in the condominium/townhome market, with sales

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Consumers continued to express their hope for the future of the economy despite recent month-to-month volatility in the housing market that has softened the ongoing recovery, according to Fannie Mae.

Experts believe improving attitudes could indicate a pick-up in home buying and selling activity this spring.

According to Fannie Mae’s March 2014 National Housing Survey results, the share of survey respondents who say it is a good time to sell a home climbed to 38 percent last month, compared with 26 percent at the same time last year. In addition, those who believe it would be easy to get a mortgage today increased to 52 percent, compared with 47 percent a year ago, and tying the all-time survey high.

The survey also showed that fewer Americans

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We've got another great round of open houses this weekend!

2409 Shortridge Court, Erie – OPEN SATURDAY 11 AM – 2 PM 

2541 Ginny Way, Lafayette – OPEN SATURDAY 1 – 4 PM 

515 Ridge Avenue, Longmont – OPEN SUNDAY 2 – 4 PM

354 Hollyberry Lane, Boulder – OPEN SUNDAY 11 AM – 1 PM

3276 Ouray Street, Boulder – OPEN SUNDAY 1 – 4 PM 

353 Caribou Pass Circle, Lafayette – OPEN SUNDAY 11 AM – 1 PM (photos coming soon)

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

Mortgage interest rates improved this past week on soft global economic news.  In China, imports fell 11% year over year in March.  In Europe, the central bank has expressed concerns of deflation which will hamper its very slow recovery.  The IMF has lowered its forecast for global economic growth to 3.6% from 3.7% for 2014.  The U.S. has threatened additional sanctions on Russia if it continues to escalate the situation in Ukraine.  Also supporting lower rates was the release of the FOMC minutes which indicated that the Fed is not setting any timeframe for increasing rates.  Economic data in the US was mostly stronger than expected.  Data stronger than expected

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Colorado’s seven metropolitan areas demonstrated continued resilience as far as their economies and housing markets, as reflected in the most recent National Association of Home Builders/First American Leading Markets Index (LMI).

Released April 7, the index shows that five of Colorado’s seven metros remained at the same levels of economic and housing activity they had in the previous month. Only Denver and Boulder improved, both by 0.01.

The TMI ranked Boulder 229th – the third lowest of Colorado metros – out of about 350 metros nationwide. That means that, based on current permit, price and employment data, the Boulder County is running at 81 percent of normal economic and housing activity.

Meanwhile, Fort Collins-Loveland was the

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April is New Homes Month, so what better time for the National Association of Home Builders (NAHB) to share what’s hot in new homes this year?

The NAHB surveyed builders from across the country on what features they were most likely to include in a typical single-family home this year and found that convenience, livability and energy efficiency are at the top of the list.

Home builders are including features that are practical and functional for the daily lives of today’s home buyers including:

  • a walk-in closet in the master bedroom

  • low-e windows

  • a laundry room and

  • a great room.

Energy efficiency is a key theme with Energy-Star rated appliances, programmable thermostats and Energy-Star rated windows

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