RE/MAX of Boulder Real Estate Blog

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

Mortgage interest rates improved slightly this past week as economic data was generally weaker than expected.  Economic data weaker than expected included the May Case/Shiller 20 City Home Price Index, July Consumer Confidence, June NAR Pending Home Sales, the first look at Q2 GDP, the Q2 Employment Cost Index, and the University of Michigan Consumer Sentiment Index.  The Employment Cost Index was the weakest report on record and this index has been tracked since 1982.  Economic data stronger than expected included June Durable Goods Orders, weekly jobless claims, and the July Chicago Purchasing Managers Index.  The Fed indicated at the conclusion of its FOMC

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A family of four – two adults, a school-age child and a preschooler – living in Boulder County needs to make about $76,000 a year to meet their basic needs, according to the Self-Sufficiency Standard for Colorado 2015 report.

Published by the Colorado Center on Law and Policy, the report describes how much income families of various sizes and compositions need to make ends meet without public or private assistance in each county in Colorado. The Self-Sufficiency Standard is a measure of income adequacy that is based on the costs of basic needs for working families: housing, child care, food, health care, transportation and miscellaneous items, as well as the cost of taxes and the impact of tax credits.

For most workers throughout Colorado the

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Although the Boulder-area market’s month-to-month comparisons of home sales and inventory aren’t much to brag about, the first six months’ worth of activity show the market is still holding strong.

Boulder County saw 393 single-family homes sell in June – just one more sale than in June 2014 and an increase of 0.3 percent. In the townhome/condominium market, the 172 units that sold in June represented a 4.2 percent increase compared with the 165 homes that sold a year before.

In the first six months of 2015, 1,657 single-family homes sold in Boulder County, representing a 6 percent increase compared with the 1,563 homes that sold in the first six months of 2014. And the 699 attached units that sold through June was a 6.4 percent increase compared

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RE/MAX of Boulder Manager and REALTOR DB Wilson and REALTOR Jimmy Keith were both quoted on in an article about the 74 percent increase in single family mountain home sales. 

Here's the link: http://www.denverpost.com/breakingnews/ci_28527862/mountain-market-recovering-after-years-fire-flood

Random

RE/MAX REALTOR Jimmy Keith in a home he is listing for sale in Nederland.
Photo courtesy of Denver Post/Daily Camera: Mark Leffingwell / Staff Photographer

 

 

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By Tyler Dock

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.

Here’s a link to the podcast: https://www.youtube.com/watch?v=DU6I7BT2YFA

RE/MAX of Boulder Podcast Host Duane Duggan (left) and New Directions IRA CEO Bill Humphrey

In 2003, Bill Humphrey and Catherine Wynne decided to combine Humphrey's two decades of experience as a Certified Public Accountant (CPA) and his expertise in retirement investment with Wynne's extensive personal success as a real estate investor and syndicator to establish New Direction IRA, Inc. RE/MAX of Boulder REALTOR® Duane Duggan, host of the RE/MAX of Boulder video podcast, sat down

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Homeowners who thought their homes may never again be worth as much as they paid for them – much less gain equity – in their lifetime may have lived to see that day.

According to RealtyTrac, although the market hasn’t recovered completely, odds are homeowners or those who have invested in real estate are richer than they were a few years ago.

Homeowner equity peaked in 2005 when the value of U.S. homes — market value less debt — equaled a hefty $13.1 trillion, RealtyTrac reports. But thanks to the financial crisis, homeowner equity dropped to $6.4 trillion by 2011 and millions of U.S. homeowners saw half of their equity dissipate.

But it wasn’t just a concern on paper because, without equity, borrowers could not refinance as rates fell and they

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Unless a member of the family is a trained, experienced professional in home construction and repair, hiring someone who is is always the better choice for what otherwise may be considered “do-it-yourself” jobs.

Here is a list of seven jobs better left up to a professional, according to Bradley K. Tuttle’s Real Estate Update:

1. Anything involving water

Just because someone knows where the water shut-off valve is and can handle a wrench doesn’t mean that he can take all the plumbing apart and put it back together without any leaks or leftover pieces. Don’t mess around with repairs that could flood the house and/or create a mold situation.

"Unless it's something simple like unclogging a toilet or fixing a drain, messing with plumbing can cause

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91 Valley View Way, Boulder                OPEN SUNDAY 12 – 2 PM               Lydia Waskul                         

833 Spruce Street, Boulder                   OPEN SUNDAY 12 – 2 PM              John McElveen                

1566 Sunset, Boulder                            OPEN SUNDAY 12 – 2 PM             John McElveen   (more information coming soon)

4161 Westcliffe Ct., Boulder                 OPEN SUNDAY 1 – 3 PM                Daryl Smith/Cassidy Kahn                               

3256 Big Horn St., Boulder                   OPEN SUNDAY 1 – 3 PM                Lynn Ryan/Jeptha Sheene                               

640 Linden Ave., Boulder                       OPEN SUNDAY 1 – 3 PM               Liz and Bear

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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 markets continue to monitor Greece debt negotiations and equity markets in China.  Greece has put together a new bailout proposal that it will present to all 28 European Union members on Sunday.  Without a bailout, Greece is likely to default on its next debt service payment due on July 20.  In China, equity markets fell 40% from their market highs.  Its equity markets rallied, though, yesterday on support from the Chinese government.  Economic data in the U.S. was limited.  Of note, the June ISM Services Sector Index was in line with expectations.  The May Trade Deficit was smaller than expected, weekly

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2861 5th St., Boulder                          OPEN SATURDAY 11 AM – 2 PM             Kimberly Fels   

640 Linden Ave., Boulder                 OPEN SATURDAY 12 – 4 PM                      Liz & Bear Friedlander                      

91 Valley View Way, Boulder            OPEN SAT. 12 – 2, SUN. 1 – 3 PM              Lydia Waskul                                                   

1008 Katy Ln., Longmont                   OPEN SATURDAY 1 – 3 PM                     Denise Patryas      (more information coming soon)

1475 Gillaspie Dr., Boulder                OPEN SUNDAY 12 – 4 PM                         Kent Madson       (more information coming soon)

7152 Old Post Rd., Boulder               OPEN SUNDAY 1 – 4

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