RE/MAX of Boulder Real Estate Blog

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

Mortgage interest rates increased again this past week as interest rates in Europe increased on belief that their economy is improving.  The Euro increased in value versus the Dollar.  Economic data in the U.S. was mixed.  Economic data stronger than expected included the February Case/Shiller 20 City Home Price Index, March NAR Pending Home Sales, Weekly Jobless Claims, the Q1 Employment Cost Index, and the April Chicago Purchasing Managers Index.  Jobless Claims fell to a 15 year low, raising concerns of a Fed rate increase sooner than anticipated.  Economic data weaker than expected included April Consumer Confidence, the first look at Q1 GDP, March Personal

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31416 Elder Ave., Boulder            OPEN SUNDAY 11 AM – 1 PM            Lynn Ryan                          

529 W. Sycamore, Louisville       OPEN SUNDAY 1 – 3 PM                    Lancene Cadora      (information coming soon)

1424 Patton Dr., Boulder             OPEN SUNDAY 2 -4 PM                     Eric Jacobson                    

6483 Cranberry Ct, Niwot            OPEN SUNDAY 1 – 3 PM                   Angela McCormick   (information coming soon)

6533 Primrose Ln., Niwot            OPEN SUNDAY 1 – 3 PM                   Irene Shaffer                   

6470 Cherry Ct., Niwot                 OPEN SUNDAY 1 – 3 PM                  John McElveen                

1280 Berea Drive, Boulder           OPEN SUNDAY 1 – 3 PM               

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Every two years, the Colorado County Assessors are required, by law, to re-value all property. Soon after May 1st you should receive your 2015 Notice of Valuation on any property you own in Colorado. This notice reflects the change in the market value of your property from the previous appraisal date of June 30, 2012 to the new appraisal date of June 30, 2014, based upon what existed on the property as of January 1, 2015. The actual value of your property is determined by analysis of sales data derived from the market place during the 24 months prior to June 30, 2014. The assessor will be updating property values based on properties that sold in your area between July 1, 2012 and June 30, 2014. When you receive your notice, you will have an opportunity to

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The Boulder-area market’s improving home sales and prices in March were tempered by its continually declining inventory.

“In the major market areas, year-over-year inventories continue to tighten while sales showed strong gains,” says Ken Hotard, vice president of public affairs for the Boulder Area Realtor® Association.

The market in Boulder city limits saw 90 single-family home sales in March compared with 63 a year ago, a 42.9 percent increase; and the 68 townhouse/condo sales represented a 7.9 percent improvement from the 63 units that sold in March 2014. However, only 120 homes came on the market in March, a 20.5 percent decline compared with the 151 that went on the market a year ago.

Boulder County had 296 single-family home sales in

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

Mortgage interest rates increased slightly on the week as economic data was limited.  Of note, the February FHFA Home Price Index, March Existing Home Sales, and March Durable Goods Orders were stronger than expected.  Existing Home Sales are up 10.4% year over year and reached their highest level in 18 months.  Most of the increase in durable goods orders was in aircraft and autos.  Weekly Jobless Claims, March New Home Sales, and March Durable Goods Orders excluding transportation orders were weaker than expected.  New Home Sales were down 11.4% in March.  Concerns of a default by Greece on its sovereign debt continue as additional bailout funds will not be

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275 Laramie Blvd., Boulder           OPEN SUNDAY 1 – 4 PM              Denise Maslanka     (information coming soon)

3525 28th St. #102, Boulder           OPEN SUNDAY 1:30 – 3 PM        Andrew Muller             

4026 W. 107th Ct., Westminster      OPEN SUNDAY 1 – 4 PM           Liz Friedlander                                

13985 Pinehurst Cir., Broomfield    OPEN SATURDAY 11 AM – 2 PM       Brian Sundberg          
(information coming soon)

3731 19th St. Boulder            OPEN SUNDAY 1 – 4 PM               Patrick Dolan   

7171 Four Rivers Rd., Boulder     OPEN SUNDAY 1 – 4 PM        Patrick Dolan   (information coming soon)

7306 Island Circle, Boulder    OPEN SUNDAY 1 – 4 PM               Patrick Dolan 

7419 Old Mill Trail,

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RE/MAX of Boulder Radio continues to keep the Boulder community and home buyers and sellers updated with the latest information regarding the real estate market. This week RE/MAX of Boulder's Radio host Duane Duggan interviews the Director of the Colorado Division of Real Estate, Marcia Waters.

Listen to the full interview: https://soundcloud.com/overthetopcycling/division-of-real-estate-marsha-waters

Home-grown Boulder County native and CU-Boulder grad, Marcia Waters, has been with the Division of Real Estate for over nine years and was named the new director of the Colorado Division of Real Estate in 2010. Prior to becoming the interim director of the real estate division, Waters served as a police officer in Lafayette, Colorado.

As a member of

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The University of Colorado Boulder ranks third for value among Colorado colleges, with Colorado School of Mines in Golden and Colorado State University in Fort Collins ranked first and second, respectively, according to SmartAssets.

While earning a college degree can increase a person’s skill set, job prospects and net worth, rising college costs makes choosing a college more important than ever. SmartAssets looked at five factors to determine the colleges and universities with the best value: tuition, student living costs, scholarship and grant offerings, retention rate and starting salary.

According to SmartAssets, it included the tuition (using in-state tuition for public schools where applicable), student living costs (including room and board,

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

Mortgage interest rates improved slightly on the week as most of the economic data was weaker than expected.  Economic data weaker than expected included the March Treasury Budget Deficit, March Retail Sales, the New York Empire State Manufacturing Index, March Industrial Production, March Capacity Utilization, weekly jobless claims, March Housing Starts, March Building Permits, and March Leading Economic Indicators.  This mostly weaker than expected economic data calls into question the likelihood of a Fed rate increase in June.  Economic data stronger than expected included February Business Inventories, the April NAHB Housing Market Index, the April Philadelphia

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Apparently the trend to downsize homes hasn’t reached Colorado, with four of the state’s metros landing on 24/7 Wall St.’s list of the nation’s cities with the largest homes.

Boulder ranked sixth on the list, with only Colorado Springs ranking higher at No. 3, and Fort Collins and Greeley coming in at seventh and eighth, respectively. Texas had the second-highest showing with three metros in the rankings.

According to 24/7 Wall St., Boulder’s median home size is 1,865 square feet, compared with Colorado Spring’s 1,899 square feet and No. 1-ranked Provo, Utah’s 1,980 square feet.

“As in most areas with relatively large homes, Boulder residents are quite wealthy,” according to 24/7 Wall St. “A typical household earned $71,604 in 2013, among the

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