RE/MAX of Boulder Real Estate Blog

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

Market volatility continues this morning; a strong open for the stock market taking the 10 year note. . Mortgage Backed Securities prices less volatile and not much lower than yesterday’s close. Yesterday the October NAHB housing market index declined 4 points to 54 from 59 in September; it is a throw away report, the September jump to 59 was more an outlier, now October is back to the range in the longer trend.

It has been a stress-filled week for US markets; interest rates crashing actually out-performed the stock market in terms of significant changes but both were wild rides all week. The DJIA opened this morning +130, NASDAQ +62, S&P +16. The 10 at 2.20% +4

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Fall has arrived, as is evident by another month-over-month slowdown in the Boulder area’s real estate statistics for September.

However, sales of single-family homes last month exceeded those of September 2013, proving that the market is remains stable.

The sale of 314 single-family homes in September was a 1.7 percent increase compared with 308 sales a year ago, but an 18.2 percent drop compared with the 384 sales in August.

Condominium and townhomes sales improved 9.5 percent in September 2014 – 126 units – compared with the 115 units sold in September 2013. But with 164 units selling in August, September’s sales represented a 23.2 percent decrease.

“We saw very small to modest gains to sales year over year while the percentage of

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1.        2 – 6th Avenue, Longmont           OPEN SATURDAY 1 – 3 PM

2.       22 Benthaven Pl, Boulder             OPEN SATURDAY 1 – 3 PM

3.       337 Arapahoe #103, Boulder       OPEN SUNDAY 1 – 4 PM 

4.       3930 Norwood Ct, Boulder           OPEN SUNDAY 1 – 3 PM

5.       2199 Juniper Ct, Boulder               OPEN SUNDAY 1 – 3 PM

6.       1028 Katy Ln, Longmont                OPEN SUNDY 1 – 3 PM 

7.       2861 5th St, Boulder                         OPEN SUNDAY 11 AM – 3 PM

8.       780 Poplar Ave, Boulder                OPEN SUNDAY  1 – 3 PM 

9.       8708 Skyland Dr, Niwot                  OPEN SUNDAY 1 – 4 PM 

10.     7702 Devonshire Ct, Boulder       OPEN SUNDAY 1 – 4 PM 

11.     603 Hilltop St, Longmont              

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Knowing whether to buy a big home or a small home isn’t always as easy as it sounds. As the years go by, needs change: families grow, then shrink again, just as incomes might. Just when parents think they have the home all to themselves again, they may find the need to accommodate their own, elderly parents.

Here are home size-related issues that people should consider when they house shop, according to the Bradley Tuttle’s Real Estate Update.

Big home, matching mortgage

The bigger the home, the higher the mortgage and resulting payments will likely be. However, a smaller home with more amenities may cost as much as the bigger home.

For the long or short run?

If a family is looking to stay in a home for a long time – during which their

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Colorado has topped yet another list, this time for having the fastest-growing economy in the nation, according to the Business Insider.

The staff of Business Insider, a U.S. business and technology news website, decided to see how the economies of each state were doing “now that the recovery appears to finally be taking hold,” it reports.

It ranked each state on how the growth or decline of eight economic measures – the unemployment rate, the number of nonfarm payroll jobs, gross domestic product, average wages, the working age (18-64) population, value of international exports, house prices and auto sales in recent years.

Colorado came in among the top 10 states in five of those metrics and in the top 15 in the other three. It reports an

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Home builders remain confident in the market for new single-family homes, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

With builder confidence in the market rising to a level of 59 in September, making it the fourth consecutive month confidence has grown – this time by four points – and bringing the index to its highest reading since November of 2005, according to a NAHB press release.

“Since early summer, builders in many markets across the nation have been reporting that buyer interest and traffic have picked up, which is a positive sign that the housing market is moving in the right direction,” says NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del.

And sales of new homes

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Although home prices statewide didn’t increase as much in the second quarter of 2014 as they did in the first quarter, Colorado held its eighth-place ranking on the Federal Housing Finance Agency’s listing of house-price appreciation rates for the nation’s 280 metropolitan areas.

The state’s one-year appreciation rate increased 7.76 percent in the second quarter of 2014 compared with 9.34 percent in the first quarter – but that was good enough for it to maintain its national ranking and well above the national appreciation rate of 5.25 percent.

Colorado’s metros’ house prices all increased in the second quarter except for Pueblo’s, which went from the most improved in the first quarter to losing ground in the second, and Greeley’s, which dipped only

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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 concerns that the global economy is slowing and that deflation is spreading.  The IMF lowered its global growth outlook again for 2015 down to +3.8%.  German Factory Orders fell to their lowest levels since 2009.  The FOMC Minutes from its September meeting indicated that risks of a weak global economy will allow the Fed to keep the Fed Funds rate at its current levels for a considerable time.  September Import prices were down 0.9% year over year and Export prices were down 0.2% year over year.  Inflation in Europe is currently only 0.3% and in the U.S. is only 1.5%.  Other economic data of note included the August

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1.       180 Peregrine Circle, Broomfield               OPEN SUNDAY 2 – 4 PM

2.       7434 Singing Hills Drive J, Boulder              OPEN SUNDAY 1 – 3 PM

3.       3662 Roundtree Court, Boulder                 OPEN SUNDAY 1 – 4 PM

4.       3731 19th Street, Boulder                              OPEN SUNDAY 1 – 4 PM 

5.       2487 Mapleton Avenue, Boulder              OPEN SUNDAY 1 – 4 PM  

6.       521 W. Hackberry Street, Louisville          OPEN SUNDAY 1:30 – 3 PM 

7.       2272 Holyoke Drive, Boulder       OPEN SUNDAY 1 – 3 PM 

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

Mortgage interest rates improved slightly again this past week as economic data was mixed.  Economic data stronger than expected included August Personal Spending, the September ADP Private Job Growth Estimate, weekly jobless claims, the September unemployment rate, September Non-Farm Jobs, September Non-Farm Private Jobs, and the August Trade Deficit.  The September unemployment rate fell to 5.9%, its lowest level in six years.  Economic data weaker than expected included August Pending Home Sales, the July Case/Shiller 20 City Year over Year Index, the September Chicago Purchasing Managers Index, September Consumer Confidence, the September ISM Manufacturing

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