April 2010

Found 3 blog entries for April 2010.

Earth Day has been around for 40 years!  Wow, where do the years go? Some of you may remember that Earth Day started as an educational “teach-in” in 1970 and was the brainchild of Gaylord Nelson, a Democratic senator from Wisconsin. Nelson had proposed a national "teach-in" on the environment in September 1969 and only eight months later, everything was in place for the single largest national demonstration in American history. The moment was ripe. Thousands of colleges and universities participated. Earth Day 1970 provoked a torrent of apocalyptic predictions. Here are just a couple of examples:

“The world has been chilling sharply for about twenty years. If present trends continue, the world will be about four degrees colder for the global mean

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Accolades, don’t we all relish them, and thrive because of them?  A business is no different than an individual. Now and then, it’s important that we share with you what’s been happening around our WaterStreet office.

RE/MAX of Boulder was recently recognized by RE/MAX International as the #1 RE/MAX Office in AMERICA for Closed Volume for a Single Office.  What makes this so remarkable is that we have won this award for an unprecedented THIRD YEAR in a row! Keep in mind that RE/MAX is a global real estate powerhouse with over 92,000 Agents in 6383 offices in 78 countries around the world and you will understand why we’re so excited. To have achieved this status in this difficult economic market speaks volumes about the quality, integrity and true grit

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To figure out trends in the marketplace I like to look at Absorption Rates.  I do this on a quarterly basis.  The Absorption Rate is the number of months that it takes to sell the CURRENT inventory at the present rate of sales.  This, of course, assumes that there are no new listings coming on the market, not a very realistic assumption.  In today's market, pricing and condition of a property is very important. For the quarter ending December 2009, there was 6.6 months of inventory for single family homes.   A rule of thumb is that anything less than 5 months is considered a sellers’ market, over 7 months is a buyers’ market and 5 to 7 months is a stable market.

Months of Inventory by Area:
Boulder                           6.8

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