RE/MAX of Boulder Real Estate Blog

The RE/MAX of Boulder Podcast continues to keep the Boulder community and future home buyers and sellers updated with the latest information regarding the real estate market. This week RE/MAX of Boulder's Duane Duggan interviews City Council Member George Karakehian to discuss the City of Boulder’s latest news.

Listen to the full interview on Sound Cloud: https://soundcloud.com/overthetopcycling/remax-of-boulder-radio-whats-happenin-in-boulder-with-george-karakehian

RE/MAX of Boulder Podcast host and REALTOR® Duane Duggan (left) with Boulder City Council Member George Karakehian (right).

George Karakehian with RE/MAX of Boulder's DB Wilson and owners Tom and Jay Kalinski.

As a local businessman, property owner, and city council member,

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

Mortgage interest rates increased this past week as Greece continues to negotiate with creditors for additional bailout funds.  Greece has a debt service payment due next Tuesday.  Without additional bailout funds, it’s questionable whether Greece will be able to make this payment.  Economic data in the U.S. was mixed.  Economic data stronger than expected included May Existing Home Sales, May New Home Sales, May Personal Spending, and the June University of Michigan Consumer Sentiment Index.  Existing Home Sales reached their best levels since November of 2009 and Personal Spending increased the most in six years.  May New Home Sales were up 19.6% year over year. 

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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 the Federal Reserve left the Fed Funds rate unchanged at the conclusion of its FOMC Meeting.  Fed Chair Yellen indicated that economic conditions presently do not warrant an increase in the Fed Funds rate.  Any future increase will be data dependent.  Greece continues to negotiate with the EU regarding additional bailout funds.  Greece must make a 130 billion Euro payment to the IMF on June 30.  Economic data in the U.S. was mixed.  Economic reports stronger than expected included the June NAHB Housing Market Index, May Building Permits, Jobless Claims, the June Philadelphia Fed Business Index, and May Leading

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The Boulder Valley real estate market was a late bloomer this year, with the spring uptick in sales and inventory not showing robust growth until May.

“Things are looking pretty positive,” says Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association. “We had a slow April but May turned out to be a strong month for sales and inventory gains for single-family homes as well as condos and townhomes.

“The month-to-month statistics are pretty solid.”

Boulder County saw 347 single-family homes sell in May, a 22 percent increase compared with April’s 284 sales. It also had 561 homes on the market, a 15 percent improvement compared with the 487 available homes the month before.

The condominium/townhome sales jumped

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The latest Federal Housing Finance Agency’s Home Price Appreciation by State report confirms that the unprecedented increase of Colorado home prices is not just a figment of the imagination.

With a one-year appreciation of 11.16 percent in the first three months of 2015, Colorado ranked No. 1 for its change in house prices since the first quarter of last year, climbing up three slots from its rank for the fourth quarter of 2014.

The state experienced a 5.23 percent increase in home prices from the fourth quarter, and a 20.94 percent increase from five years ago.

The nation, by comparison, experienced a 4.96 percent year-over-year increase in the first quarter, a 1.32 percent increase over the previous quarter and a 14.23 percent five-year

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Calling all homeowners! Here’s how you can make your home more energy efficient and comfortable.

EnergySmart helps homes in all Boulder County communities become more comfortable and energy efficient. Whether you recently purchased a home or have been there for some time now, you likely have questions such as: Why is this room always hot in the summer? Why is my utility bill so high? Is my gas furnace functioning safely? If you want answers to these questions, Boulder County has a service that can help — EnergySmart.

An expert Energy Advisor can answer your questions, help prioritize projects, connect you with qualified contractors, find and apply for incentives and low-cost financing, and make energy upgrades easier and more affordable!

Hot

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After graduating, many University of Colorado Boulder students don’t want to look or go very far to find their post-grad home and job: they would prefer to stay right where they are.

Boulder’s popularity among local college grads landed it at No. 42 on College Ranker’s 50 Best College Towns to Live in Forever. It was one of only two Colorado college towns to make the list; Fort Collins ranked No. 3.

“College towns are great for more than just the time while you are in school,” according to College Ranker. “Many of them have a thriving economy and culture that make them perfect for a long-term commitment to the area.”

College grads look at community, neighborhoods and schools in deciding whether to stay in the cities of their alma maters, it

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Nearly a third of Americans consider real estate the best long-term investment, beating out stocks, gold, savings accounts/CDs or bonds for the second consecutive year, according to a recent GALLUP poll.

The 31 percent of Americans choosing real estate as the best investment was in line with those who chose it last year, as was the 25 percent of those choosing stocks/mutual funds.

This is the third year in which Americans have leaned more toward real estate and stocks for investing while shying away from gold. The public's preference for gold fell five percentage points in the past year, bringing its overall decline since 2011 to 15 points, the largest shift seen among the five investments tracked, GALLUP reports.

Real estate was either the top

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Millennials are struggling to purchase homes in some of the nation’s biggest cities, with real estate prices skyrocketing even as wage growth staggers, and Denver is no different, according to Bloomberg Millennial Housing Affordability Index.

Zillow Group Inc. and Bankrate.com used data from the U.S. Census Bureau to quantify how much more money millennials would need to earn each year to afford a home in the largest U.S. cities. Denver ranked 12th out of the nation’s top 50 biggest cities for least affordability. Based on data from the U.S. Census Bureau, Zillow Group Inc. and Bankrate.com to quantify how much more money millennials would need to earn each year to afford a home in the largest U.S. cities, Denver ranked 12th out of the nation’s top 50

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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 mostly stronger than expected.  Economic data stronger than expected included April Wholesale Inventories, April JOLTS Job Openings, May Retail Sales excluding automobile sales, May Export and Import prices, April Business Inventories, the University of Michigan Consumer Sentiment Index, and the May Producer Price Index (PPI).  Economic data weaker than expected included weekly jobless claims and May Retail Sales but both reports just slightly missed estimates.  The Treasury auctioned $58 billion of 3 Year Notes, 10 Year Notes, and 30 Year Bonds which were met with reasonably strong

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