RE/MAX of Boulder Real Estate Blog

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 is 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

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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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Boulder was one of three Colorado cities to land among the top 10 metropolitan statistical areas (MSA) on Area Development’s Leading Locations 2015 study, with the Denver-Aurora-Broomfield ranking No. 1 nationwide and the other four cities making an appearance on the list of 373 MSAs.

Area Development analyzed economic and workforce data for 373 MSAs to determine which U.S. cities are creating jobs and nurturing sustainable economic development. Eight of the top 10 MSAs were in the West, with two each in California and Texas and one in Washington State.

In its fifth year of doing the Leading Locations study, Area Development ranked the cities based on prime work force, economic strength, year-over-year growth and “recession-busting” attributes — are

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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 interviews City Council Member George Karakehian to discuss the City of Boulder’s latest news.

Listen to the full interview on Sound Cloud: https://soundcloud.com/overthetopcycling/remax-of-boulder-radio-whats-happenin-in-boulder-with-george-karakehian

RE/MAX of Boulder Podcast host and REALTOR® Duane Duggan (left) with Boulder City Council Member George Karakehian (right).

George Karakehian with RE/MAX of Boulder's DB Wilson and owners Tom and Jay Kalinski.

As a local businessman, property owner, and city council member,

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

Mortgage interest rates increased this past week as Greece continues to negotiate with creditors for additional bailout funds.  Greece has a debt service payment due next Tuesday.  Without additional bailout funds, it’s questionable whether Greece will be able to make this payment.  Economic data in the U.S. was mixed.  Economic data stronger than expected included May Existing Home Sales, May New Home Sales, May Personal Spending, and the June University of Michigan Consumer Sentiment Index.  Existing Home Sales reached their best levels since November of 2009 and Personal Spending increased the most in six years.  May New Home Sales were up 19.6% year over year. 

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

Mortgage interest rates improved this past week as the Federal Reserve left the Fed Funds rate unchanged at the conclusion of its FOMC Meeting.  Fed Chair Yellen indicated that economic conditions presently do not warrant an increase in the Fed Funds rate.  Any future increase will be data dependent.  Greece continues to negotiate with the EU regarding additional bailout funds.  Greece must make a 130 billion Euro payment to the IMF on June 30.  Economic data in the U.S. was mixed.  Economic reports stronger than expected included the June NAHB Housing Market Index, May Building Permits, Jobless Claims, the June Philadelphia Fed Business Index, and May Leading

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