June 2014

Found 17 blog entries for June 2014.

By Jessica Shanahan, Premier Lending LLC.

Mortgage interest rates improved this past week as economic data was weaker than expected on average.  Economic data weaker than expected included the April Case Shiller Home Price Index, the April FHFA Home Price Index, May Durable Goods Orders, May Durable Goods Orders excluding transportation orders, the final look at Q1 GDP, and May Personal Spending.  Q1 GDP fell 2.9% on expectations that it fell 1.8% calling into question the economic growth forecasts for 2014.  Some market analysts are attributing the contraction in Q1 to the weather.  Economic data stronger than expected included May Existing Home Sales, May New Home Sales, the June Consumer Confidence Index, and the June University of Michigan

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1.        2413 Ginny Way, Lafayette – OEPN SUNDAY 2 – 4 PM – Denise Patryas  (coming to MLS soon)

2.       3771 Monterey Place, Boulder – OPEN SUNDAY 11 AM – 1 PM

3.       3380 W. 109th Circle, Westminster – OPEN SUNDAY 2 – 4 PM 

4.       5183 Idylwild Trail, Boulder – OPEN SUNDAY 1 – 4 PM

5.       2860 Links Drive, Boulder – OPEN SUNDAY 1 – 4 PM

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By Kaitlin Krug-Byrd

The real estate world can be brutal for an agent just getting started. Challenges are inevitable, but reaching out to a mentor can help jump-start your career during your first year.

I sat down with a couple fresh agents, Ty Hart and Dan Garbe, to ask them about their mentoring experiences. Here are a few key pieces of advice they give fellow new agents:

It’s not a walk in the Park.

Begin your mentorship with the mentality that it won’t be easy. In a lot of cases, your mentor will encourage you to do work independently. It will be demanding, challenging, and stressful, but it’ll also be worth it. Regardless of whether or not you have a mentor, you will come across major hurdles. However, with a mentor, you have a contact

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By Jessica Shanahan, Premier Lending LLC .

Mortgage interest rates were mostly flat week over week despite economic data that was generally stronger than expected.  Economic data stronger than expected included the June NY Empire State Manufacturing Index, May Industrial Production, May Capacity Utilization, the June NAHB Housing Market Index, and the June Philadelphia Fed Business Index.  The New York Empire State Manufacturing Index reached its highest level in four years and the Philadelphia Fed Business Index had its best reading since September 2013.  Housing data, though, was weaker than expected.  May Housing Starts fell 6.5% on expectations that they would fall by 3.4%.  May Building Permits fell by 6.4% on expectations that they would fall by

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Swing by these open houses this weekend and check out The Boulder Source for weekend events!

BOULDER:

3061 W. Torrey Peak Dr., Superior – OPEN SUNDAY 11 AM – 1 PM 

2625 6th Street, Boulder – OPEN SUNDAY 12 – 2 PM 

5681 Cascade Place, Boulder – OPEN SUNDAY 1 – 3 PM 

655 Poplar Avenue, Boulder – OPEN SUNDAY 12 – 2 PM 

217 Iroquois Drive, Boulder - OPEN SUNDAY 2 -4 PM

LONGMONT:

8733 Portico Lane, Longmont – OPEN SUNDAY 12 – 2:30 PM

1001 Neon Forest Cr, Longmont – OPEN SUNDAY 12 – 2 PM 

DENVER:

521 Cherokee Street, Denver – OPEN SUNDAY 12 – 2 PM 

FIRESTONE:

10167 Dresden Street, Firestone – OPEN SUNDAY 1 – 4 PM

LAFAYETTE:

1584 Zinnia Way, Lafayette – OPEN SUNDAY 11 AM – 1 PM 

BROOMFIELD:

12642 James Circle,

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By Jessica Shanahan, Premier Lending LLC.

Mortgage interest rates increased slightly as economic data was mixed.  Economic data stronger than expected included April Wholesale Inventories, April JOLTS Job Openings, and April Business Inventories.  Economic data weaker than expected included weekly jobless claims, May Retail Sales, and the University of Michigan Consumer Sentiment Index.  Inflation data continues to be tame with the May Producer Price Index, a measure of wholesale prices, falling 0.2% on expectations that it would increase by 0.1%.  May Import and Export prices increased, but less than expected.  Year over year import prices are up just 0.4% and export prices are up just 0.5%.  The World Bank cut its global economic growth forecast from

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Although May’s real estate statistics show the lack of inventory is hindering home sales in the Boulder area, the market remains on a slow, steady track to improvement.

“It’s really a remarkable market that we’re in, where we’re seeing sales volume improvements in most cases … while inventory plummets,” observes Ken Hotard, Boulder Area Realtor® Association senior vice president for public affairs. “It feels a bit like a hyper market. Realtors are complaining that they don’t have enough homes to show, and if we had more listing activity we would see a more normal and thriving marketplace.”

Year-over-year single-family home sales dropped only 7.5 percent in May 2014 compared with May 2013 – 404 units versus 437 units, while sales in May represented

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785 Jacques Way, Erie – OPEN SATURDAY 10 AM – 12 PM 

 521 Cherokee Street, Denver – OPEN SATURDAY 10 AM – 12 PM

 3771 Monterey Place, Boulder – OPEN SATURDAY 11 AM – 1 PM 

 2239 Eagles Nest Drive, Lafayette – OPEN SUNDAY 12 – 2 PM 

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It may be a seller’s market, but according to Yahoo! Homes, it’s still a good – if not the best – time to buy a house.

Below are five major reasons mortgage experts provided Yahoo! Homes as to why there’s no better time than the present to delve into the housing market.

#1: Interest rates are low, but won’t stay that way

The interest rate for a 30-year fixed mortgage is expected to increase to 5 percent by the fourth quarter of this year and 5.3 percent by the end of 2015, according to a recent forecast by the Mortgage Bankers Association (MBA).

The feds are expected to raise rates about six months after they stop buying mortgage bonds, which is projected to happen sometime in 2015, Yahoo! Homes reports. And a quarter of a point of interest

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Unless you plan to stay a while in the home you buy – say, for at least 2.6 years in Denver – renting might provide the better option in many major U.S. cities.

According to Zillow, it would take 2.6 years before a recent Denver home owner starts building equity and can cash in on tax breaks. In that case, it is more financially advantageous to remain in the rental market a while before buying a home.

Denver and one other Colorado community, Colorado Springs, were among the top 15 cities where renting rules based on how long it takes to “break even” on a home, according to Zillow.

Zillow reports: “With the Zillow Rent Index up 8.3 percent year-over-year, Denver can feel pricey for renters. But for a couple of years, sending in a rent check each

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