RE/MAX of Boulder Real Estate Blog

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

Mortgage interest rates increased slightly as volatility remains high in equity markets.  Economic data was mixed.  Economic data stronger than expected included August Consumer Confidence, July Durable Goods Orders, and the second look at Q2 GDP.  GDP grew at an annualized rate of 3.7% on expectations that it grew by 3.2%.  Economic data weaker than expected included the June Case/Shiller 20 City Index, the June FHFA Home Price Index, July New Home Sales, July Pending Home Sales, July Personal Spending, and the August University of Michigan Consumer Sentiment Index.  Inflation continues to be tame with the Core Personal Consumption Index up only 1.2% year over year

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1809 S. Pratt Parkway, Longmont                             OPEN SATURDAY 12 – 2 PM                          Terry Larson                      

4450 Ludlow St., Boulder                                         OPEN SUNDAY 11:30 AM – 1:30 PM              Steve Altermatt               

4817 W. Moorhead Cr., Boulder                               OPEN SUNDAY 2 – 4 PM                                Steve Altermatt                (information coming soon)

3137 Westwood Court, Boulder                                 OPEN SUNDAY 2 – 4 PM                               Art Schwadron                  

7167 Overbrook Dr., Niwot                                     OPEN SUNDAY 1 – 4 PM                                Patrick Dolan                     

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RE/MAX of Boulder Podcast continues to keep the Boulder community and future homebuyers and sellers updated with the latest information regarding the real estate market. This week, RE/MAX of Boulder's Duane Duggan, REALTOR® and host of the RE/MAX of Boulder Podcast, shares his thoughts about current market trends and Colorado’s inventory shortage.

What began as the top 10 reasons for Boulder County’s very limited inventory is now up to 16 reasons. Here are reasons 9 through 16:

  1. 9.       Better employment numbers

The job market has significantly improved over the last few years, which has brought out a lot more buyers into the market. “When you consider market factors, the employment level is even more important than interest rates,”

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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, host of the RE/MAX of Boulder Podcast, shares his thoughts about current market trends and Colorado’s inventory shortage.

Here are 8 reasons why real estate inventory is so low.

1.    Housing starts are less than needed based on population growth

“New construction or lack thereof, is one of the strongest or biggest reasons for inventory shortage” says Duggan.  During the economic downturn of 2007 to 2012, developers were only building about 300,000 homes per year, resulting in a five to seven- year period of major housing shortage.

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1476 Judson Dr., Boulder                             OPEN SATURDAY NOON – 3 PM               Mark Brigham              

10414 Foxfire St., Firestone                         OPEN SATURDAY 12 – 3 PM                       Bear & Liz Friedlander           

2950 Broadway St. #1, Boulder                    OPEN SUNDAY 11 AM – 1 PM                     Digger Braymiller             

4697 Macky Way, Boulder                            OPEN SUNDAY 11 AM – 1 PM                     Tom Studebaker        

4983 Clubhouse Ct., Boulder                        OPEN SUNDAY NOON – 4 PM                     Michael Rebich               

455 Utica Ave., Boulder                                OPEN SUNDAY 1 – 3 PM                             John McElveen          

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The Boulder-area real estate market in July continued to show just how hot it is, posting year-to-date improvements in sales, inventory and prices despite a dip in month-over-month sales.

The 534 single-family homes that sold in the Boulder Valley in July represented a 2.5 percent drop compared with the 548 that sold the previous month. And sales of condominiums and townhomes were down 7 percent, with 173 units selling in July compared with 186 in June.

The market’s strength is more accurately reflected in the year-to-date numbers: 2,829 single-family homes sold in the first seven months of 2015 compared with the 2,576 sales in the same period last year, for a 9.8 percent increase.

Similarly, sales of condominiums and townhomes in the

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Although it fell three slots this year, Colorado still ranked in the top 10 among MoneyRates’ Best Places to Make a Living 2015 list.

Coming in at No. 7, Colorado scores well for high wages – a driving factor in its ranking – and low unemployment, which improved significantly in the last year, falling from 6 percent to 4.2 percent.

According to MoneyRates, where people choose to live can have a real impact on whether they can find a job or even advance in their chosen career.

Not every community is created equal when it comes to job opportunities as well as the cost of living, taxes and quality of life. With this in mind, MoneyRates evaluated several factors to determine where workers had the best shot at a healthy paycheck and savings, a decent

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It is possible to get more out of the garage than just its intended purpose – parking vehicles – and as a catch-all for miscellaneous items the home dwellers rarely use. The Realty Times provides these tips on how to streamline the garage, making it an organized and practical space that allows the household to run more efficiently:

Invest in a workbench

No garage is complete without a proper, sturdy workbench, which will not only provide storage for tools, but create a space for do-it-yourself projects. Most workbenches come with built-in drawers and a light to tackle projects into the night.

Light it up

The right amount of lighting allows homeowners to take full advantage of the space and the ability to work at convenient times in an

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OPEN HOUSES SATURDAY AUGUST 14 & SUNDAY AUGUST 15

801 Confidence Dr. #4, Longmont                             OPEN SATURDAY 11:30 AM – 1:30 PM          Denise Patryas                 

1257 Venice St., Longmont                                        OPEN SATURDAY 2 – 4 PM                            Denise Patryas                 

300 Hollyberry Ln., Boulder                                        OPEN SUNDAY 12:30 – 3 PM                        Gene Hayden                   

1033 Katy Ln., Longmont                                           OPEN SUNDAY 1 – 3 PM                                Lydia Waskul                     

116 Pheasant Run, Louisville                                      OPEN SUNDAY 12 – 2 PM                              

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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 mostly stronger than expected.  Economic data stronger than expected included June Wholesale Inventories, July Retail Sales, June Business Inventories, the July Producer Price Index (PPI), and July Industrial Production.  Business Inventories increased the most since January of 2013.  PPI increased more than expected but was actually down 0.8% year over year.  Core PPI, excluding the food and energy components, was up 0.6% year over year.  Economic data weaker than expected included weekly jobless claims, July Capacity Utilization, and the University of Michigan Consumer Sentiment Index. 

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