RE/MAX of Boulder Real Estate Blog

 We all know the market is hot right now, but what do we do with that knowledge?  How do we advise our buyers and sellers?  These questions were raised at a recent office meeting and I found some interesting trends in the data from the Federal Housing Finance Agency’s (FHFA) Home Purchase Index (HPI) that illuminate our recent market appreciation and it’s relation to past periods of market appreciation.

The HPI data is for all of Boulder County and is comprised of paired sales drawn from all of the appraisals done on conforming, conventional mortgages on single family homes.  This means we’re looking at the sale of the same home over time, so we truly are comparing apples to apples.   This data does not include any attached home sales or data from VA,

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What is DORA? What does it have to do with real estate? 

Marcia Waters, Director for the Division of Real Estate at DORA Colorado, oversees and regulates all aspects of Colorado real estate with protecting consumers as the main objective. What does that entail? We were lucky to have Ms.Waters as a guest on our podcast, hosted by Duane Duggan, where she discussed the great effort and energy DORA puts forth in order to protect Colorado real estate consumers, as well as regulate the industry as a whole.

Read the full post to watch the podcast!

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1379 Charles Dr. 2-B4, Longmont           OPEN SATURDAY 11 AM – 1 PM       Ann Cooper                                       

3465 Berkeley Ave., Boulder                  OPEN SATURDAY 12 – 3 PM               Wes Hobson                     

940 Kimbark C, Longmont                      OPEN SATURDAY 1 – 3 PM                Denise Patryas   (more information coming soon)

1705 Iris Ave., Boulder                           OPEN SAT. & SUN. 1 – 3 PM               Ty Hart                                                 

3030 O’Neal Parkway M-19, Boulder       OPEN SUNDAY 11 AM – 3 PM            Todd Gullette   

2129 23rd St., Boulder                            OPEN SUNDAY 1 – 3 PM                    Digger Braymiller                             

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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 despite economic data that was mostly weaker than expected.  Economic data weaker than expected included the April NAHB Housing Market Index, March Housing Starts, March Building Permits, the April Philadelphia Fed Business Index, March Leading Economic Indicators, and the April PMI Flash Manufacturing Index.  Economic data stronger than expected included March Existing Home Sales and Jobless Claims.  Jobless Claims fell to its lowest level going back to 1973.  The European Central Bank (ECB) left interest rates unchanged as expected and also left bond purchases unchanged.  Eurozone inflation continues

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If you feel that your house is bigger than you need, you may be ready to downsize. The American Association of Retired Persons (AARP) recommends taking action sooner rather than later and beginning the process by getting rid of anything you don’t need.

One suggestion is to move to a smaller home as soon as the kids move out rather than waiting until retirement. It's a big decision, but AARP stresses that selling the bigger house may save on taxes, utilities, insurance and repairs.

Here are more AARP tips on what to get rid of and why.

Empty the storage unit

There are about 50,000 self-storage facilities in the U.S., according to the Self-Storage Association. If you have a storage unit, the perfect first step to downsizing is getting rid of

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The first month of the 2016 home buying season signaled that healthy spring sales are on tap for Boulder County.

Despite a snowy second half of March, Boulder-area buyers showed up in greater numbers than they have so far this year, and indications suggest that trend is likely to continue.

Single-family home sales in the Boulder-area increased by 25 percent compared to February 2016 – 314 units sold versus 251. Condominium and townhome sales also rose, marking 16 percent growth month-over-month with 87 units sold versus 75.

“Sales are off to a healthy start in Boulder-area markets,” said Ken Hotard, vice president of public affairs for the Boulder Area Realtor® Association.

He added that the slow down he is anticipating for the 2016 housing

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Analyzing the data from the first quarter of 2016, the number of available single family homes seems to be increasing in the Boulder County  housing market. By the end of March, inventory had already surpassed 2015 at the end of March.

Even with more homes available to purchase, prices are still favorable to sellers. As of March 31, the average sales price of a single family home in Boulder County is $606,728. That’s nearly a 10% increase compared to Q1 of 2015. Additionally, the average median sales price of a single family home in Boulder County has also realized a similar increase and sits at $495,000. An indicator of the strength in the current Boulder County single family market is that sellers are receiving a 99.6% sale price to list price

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Designated as both New Homes Month and Architecture Month, April is cause for double celebration by the housing industry. 

New Homes Month survey: Buyers want energy savings

In tribute to New Homes Month, the National Association of Home Builders published the 2016 survey of top features in demand by new home buyers. These consumers say Energy Star appliances and windows and an Energy Star rating for the entire house are among their top five most wanted features for a new home purchase.

In fact, the NAHB further reports that home buyers are willing to pay more if a home offers lower utility costs in return: on average, they will pay $10,732 more for the home in return for $1,000 a year savings in utilities.

Meanwhile, builders nationwide say

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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 despite economic data that was mostly weaker than expected.  Economic data weaker than expected included the NFIB Small Business Optimism Index, March Import Prices, March Retail Sales, the March Producer Price Index (PPI), the March Consumer Price Index (CPI), March Industrial Production and Capacity Utilization, and the University of Michigan Consumer Sentiment Index.  The NFIB Small Business Optimism Index fell to a two year low, Capacity Utilization fell to its lowest level since 2010, and the University of Michigan Consumer Sentiment Index dipped below 90 for just the second time since 2014.  Economic

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RE/MAX of Boulder Realtor Laurie Kaufman will be volunteering for the Humane Society of Boulder Valley’s Puttin’ on the Leash 2016 Masquerade. The event is scheduled for April 16 at the Coors Event Center, CU Boulder. “It feels good to volunteer my time and resources to help support the Humane Society of Boulder Valley, which saves the lives of animals,” said Kaufman, who donates a portion of her earnings from every sale to the Humane Society of Boulder and Longmont to help them do this. “Funds raised will also help protect and enhance the lives of companion animals.”

Random

The Humane Society of Boulder Valley provides shelter and care to more than 7,000 animals each year, as well as saves animals’ lives. According to the ASPCA, 2.7 million animals are

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