RE/MAX of Boulder Real Estate Blog

By Jessica Shanahan, Premier Lending LLC .

Mortgage interest rates increased slightly again this past week as economic data was mixed.  Economic data stronger than expected included July Consumer Confidence, the first look at Q2 GDP, the Q2 Employment Cost Index, the University of Michigan Consumer Sentiment Index, and the July ISM Manufacturing Index.  The Consumer Confidence Index reached its highest level since October of 2007.  Q2 GDP grew at an annualized rate of 4.0% after falling 2.1% in Q1.  Economic data weaker than expected included June Pending Home Sales, the May Case/Shiller 20 City Index, the July ADP Private Jobs Report, the July Purchasing Managers Index, July unemployment, July Non-Farm Jobs, July Non-Farm Private Jobs, July Average

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1903 Kristy Court, Longmont – OPEN SUNDAY 1 – 3 PM 

11762 Pleasant Ridge, Longmont – OPEN SATURDAY 11 AM – 2 pm

7323 Old Post Road, Boulder – OPEN SUNDAY 1 – 4 PM

2905 5th Street, Boulder – OPEN SUNDAY 1 – 3 PM 

785 Jacques Way, Erie  - OPEN SATURDAY 12 – 2 PM 

764 Bridger Point, Lafayette – OPWN SUNDAY 1 – 3 PM

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By Kaitlin Krug-Byrd

Have You Considered a Boulder Condo in your house hunt?

RE/MAX of Boulder agent, Ty Hart, has created a site (bouldercondos.com) that serves as a detailed resource that features RE/MAX of Boulder listings for attached dwellings. The site’s features include a modern layout, clean design, and updated monthly statistics about the condo market and doesn't sacrifice functionality. The site is user friendly and will help you save valuable time in the home search process.

Hart says the Boulder condo market is strong right now; in fact, it’s one of the strongest markets in the state with price appreciation. Despite the hot market, Boulder's condos are highly underrepresented at the moment, says Hart. He's using the site as an

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

Mortgage interest rates increased slightly again this past week as economic data was mostly stronger than expected.  Economic data stronger than expected included the May FHFA Home Price Index, June Existing Home Sales, Jobless Claims, June Durable Goods Orders, and June Durable Goods Orders excluding transportation orders.  Existing Home Sales were stronger than expected but year over year are down 2.3%.  Jobless claims fell to their lowest level since 2008.  June New Home Sales, though, were weaker than expected, down 8.1% on expectations that they would be down 5.75%.  The June Consumer Price Index (CPI) was up 0.3% which was in line with expectations.  Year over

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·         8404 Sheps Way, Broomfield OPEN SUNDAY 1 – 3 PM   

·         2413 Ginny Way, Lafayette OPEN SUNDAY 2 – 4 PM 

·         429 Sierra Ave., Longmont OPEN SUNDAY 11 AM – 1 PM    

·         5340 Fox Run Blvd., Frederick OPEN SATURDAY 11 AM–1 PM

·         3131 5th Street, Boulder OPEN SUNDAY 12 – 2 PM 

·         2860 Links Drive, Boulder OPEN SUNDAY 1 – 4 PM

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RE/MAX of Boulder Radio hosted Greg Osborne of Colorado-based real estate lender, Bridge Capital Resources. Osborne shared his 30 years of experience with host, Duane Duggan, explaining Hard Money loans.

“The ‘hard’ in a Hard Money loan refers to collateral,” says Osborne.

Hard Money loans are secured by a tangible asset such as property, an oil well, or vehicle. Unlike traditional loans, “a Hard Money lender only looks at one of the five C’s of lending,” says Osborne.

Typically, a loan underwriter evaluates an applicant’s credit, capacity, cash flow, and character in addition to collateral. With this fast-cash option, it’s up to the lender to evaluate how much the collateral is worth, and then how much he or she believes is safe to lend (up to

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RE/MAX of Boulder 2014 First Half Highlights

With Q2 of 2014 in the books, RE/MAX of Boulder reviewed their company numbers for the first half of the year.

As it often is, productivity is high for the REALTORS at RE/MAX of Boulder. According to IRES MLS they have accounted for 261 homes sold and 238 home purchases, for a combined 499 homes bought or sold in Boulder and Broomfield counties since January first of this year. That’s nearly as many listings and sales as the next three highest offices…combined. 

To put it into dollars, RE/MAX of Boulder has closed just over $456,000,000 in volume from January 1 to June 30th of this year.

According to BrokerMetrics®, their combined listings and sales plus their volume closed through the first two

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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 mixed.  Economic data stronger than expected included the July Empire State Manufacturing Index, the NAHB Housing Market Index, weekly jobless claims, and the July Philadelphia Fed Business Index.  The Philadelphia Fed Business Index reached its highest level since March 2011.  Economic data weaker than expected included June Retail Sales, May Business Inventories, June Industrial Production and Capacity Utilization, June Housing Starts and Building Permits, the University of Michigan Consumer Sentiment Index, and June Leading Economic Indicators.  Also of note, the June Producer Price

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For the second consecutive year, Colorado ranks eighth among states for its small business friendliness, according to a survey by Thumbtack in partnership with the Ewing Marion Kauffman Foundation.

The Thumbtack.com Small Business Friendliness Survey draws upon data from more than 12,000 small business owners to provide insights into state and local business environments across the nation.

“After a two-month survey of thousands of small business owners nationwide, Colorado has emerged as one of the best places for small firms to operate in the country,” says Jon Lieber, Thumbtack chief economist. “Creating a business climate that is welcoming to small, dynamic businesses is more important than ever, and Colorado’s city and state governments are

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Just because a “home improvement” may appeal to a home owner, doesn’t mean it will appeal to potential home buyers. Because there’s no guaranty that a person will live in a home forever and will never put the house on the market, here are five home upgrades to avoid, according to Real Simple:

Home office

Converting a bedroom into a home office will only reduce the number of bedrooms the house will have and make it difficult for home shoppers to see a bedroom in place of a space a desk and file cabinets now occupy, Real Simple reports.

Concrete patio

A concrete patio will most likely crack at some point, and it’s not repairable. It also reflects light and gives off a harsh glare.

Bold-colored marble counters

While the decorator in the

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