RE/MAX of Boulder Real Estate Blog

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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With September's disaster still fresh in mind, Boulder County residents worry about residual flooding this spring. ROB Radio puts John Farrington of Foothills Insurance and Jessica Shanahan of Premier Lending in the hot seat in this interview to reveal the ins and outs of flood insurance.

All flood insurance is run through FIMA--FIMA sets the price, the rate, and regulations and are underwritten by insurance companies that, according to Farrington, can interoperate the quirks involved. For example, a crawl space counts as a floor and flood insurance is required if a home or business is financed by a federally backed mortgage. Basement contents are not covered by flood insurance; however, permanent fixtures such as a furnace or water heater are

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

US stock markets started a little better this morning after the 320 decline in the DJIA in the last two days. Taking a breather in what is likely more selling to come. The 10 yr about unchanged with MBS prices down fractionally. It is all about how stocks perform in terms of how the bond and mortgage markets will trade. The bellwether 10 yr note meanwhile ran into its resistance yesterday at 2.70%; the note is in an essentially 10 bp range since late January with a couple of forays below 2.70% that didn’t last more than three sessions. To crack the 2.70% level it will require the stock market to continue its bearish near term outlook, any rallies in the key indexes

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