March 2015

Found 13 blog entries for March 2015.

By Duane Duggan and Clare O’Callahan

On ROB Radio, host and RE/MAX of Boulder Broker Associate Duane Duggan interviews Ariel Solomon and Jessica Shanahan of Premier Lending regarding mortgage updates.

The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the U.S. and it is the largest insurer of residential mortgages in the world, insuring tens of millions of properties since 1934 when it was created (fha.com).

On January 1 of this year, revisions were implemented to the FHA, lowering the cost of mortgage insurance on a monthly basis from 1.35% down to .85% in most cases. This significant half of a percent decrease off their

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RE/MAX of Boulder’s Lisa Wade, President of Boulder Area Realtors Association (BARA), is making community service a priority at BARA through a platform of “Gratitude and Giving Back” by offering agents the opportunity to volunteer and donate to key nonprofits throughout the year.

See the Friday, March 20 article in the Boulder Daily Camera’s At Home section (below) about BARA’s recent volunteer events with Junior Achievement’s Finance Park, which is teaching middle and high school students about financial literacy and money management through role playing and hands-on budgeting exercises.

Thank you to RE/MAX of Boulder volunteers who joined 30 BARA realtors to donate their time and talents to this wonderful event!

-Mike Bader
-Diane Barnwell

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951 Champion Cr., Longmont                    OPEN SATURDAY 1 – 3 PM                           Digger Braymiller                              (photos and information coming soon)

2748 W. White Oak Ct., Lafayette               OPEN SATURDAY 1 – 3 PM                           Linda Nehls                                     (photos and information coming soon)

7260 Glacier View Rd., Boulder                  OPEN SATURDAY 1 – 3 PM                           Ty Hart                                        
(photos and information coming soon)

3889 Beasley Drive, Erie                             OPEN SUNDAY 1- 3 PM                               Lydia Waskul                                  (photos and information coming soon)

1584 Old Tale Rd.,

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The sun did not make much of an appearance in February, but there’s a bright spot for home buyers in the Boulder-area real estate market with sales improving not only year over year but month over month..

“We’re off to a solid start heading into spring,” says Ken Hotard, vice president of public affairs for the Boulder Area Realtor® Association. “We have pretty healthy sales numbers, particularly month over month.”

And that bodes well for the spring and summer buying season, he notes.

With 222 units selling in February, single-family home sales improved 14.4 percent compared with the 194 homes that sold a year ago, while February’s sales jumped a solid 33.7 percent compared with the 166 units that sold in January.

Condominium and townhomes

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By Duane Duggan and Clare O’Callahan

On the RE/MAX of Boulder (ROB) Radio program host Duane Duggan speaks with Bob Groening, Senior Reverse Mortgage Educator at Goldwater Bank, to discuss reverse mortgages and what you need to know about them.

As defined by the Federal Trade Commission, a reverse mortgage enables you to “convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills…you receive money from the lender, and generally don’t have to pay it back for as long as you live in your home.”[1] According to the Consumer Financial Protection Bureau, in order to qualify for a reverse mortgage: (1) You must be as least 62 years old, (2) Your home must be your primary residence, and (3) You must

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With a one-year appreciation rate of 9.27 percent, the Boulder metro area (Boulder County) moved up 28 slots on the Federal Housing Finance Agency’s ranking of metro areas’ home price appreciation rates for the fourth quarter of 2014, coming in at No. 34 out of 275 cities.

That’s up from No. 62 in the third quarter when its rate was 8.35 percent.

Despite the leap, Boulder was only the third-highest ranked Colorado city, coming in behind No. 24-ranked Denver-Aurora-Broomfield, which had a one-year appreciation rate of 10.18 percent, and No. 23-ranked Greeley, which climbed 21 spots with a rate of 10.24 percent.

With all seven Colorado metros showing improvement in appreciation rates year over year, Colorado’s rate of 7.86 percent allowed it to

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The Denver-Boulder-Greeley metropolitan statistical area Consumer Price Index for All Urban Consumers increased 2.7 percent from the second half of 2013 to the second half of 2014, according to the U.S. Bureau of Labor Statistics.

The Consumer Price Index (CPI) is a measure of the average change in prices over time in a fixed market basket of goods and services. The Denver-Boulder-Greeley MSA includes Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson and Weld counties.

Regional Commissioner Stanley W. Suchman notes that higher costs for shelter – 5.1 percent – were largely responsible for the overall increase. Costs for energy were up 0.3 percent, food prices rose 3.3 percent, and the all items less food and energy index advanced 2.9

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

Mortgage interest rates improved slightly this past week as economic data was mostly weaker than expected.  Economic data weaker than expected included the January JOLTS jobs openings report, February Retail Sales, January Business Inventories, the February Producer Price Index (PPI), and the University of Michigan Consumer Sentiment Index.  Retail Sales were expected up 0.3%.  As reported, Retail Sales fell 0.6%.  The Producer Price Index was expected up 0.3%.  As reported, PPI was down 0.5%, largely a result of falling oil prices.  On the flip side, economic data stronger than expected included January Wholesale Inventories, weekly jobless claims, and February

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631 5th Street, Frederick               OPEN SATURDAY 10 AM – 2 PM                Tammy Milano          (photos and information to come)

776 Pope Drive, Erie                        OPEN SUNDAY 1 – 4 PM                          Patrick Dolan                     

4878 Tanglewood Ct., Boulder    OPEN SUNDAY 2 – 4 PM                              Lynn Ryan                          

7883 E. 130th Pl., Thornton            OPEN SUNDAY 2 – 4 PM                          Linda Nehls                        

700 Tenacity Dr. #202, Lgmt         OPEN SUNDAY 2–4, FRIDAY 4-6 PM         Denise Patryas           (photos and information to come)

2861 5th Street, Boulder                 OPEN SUNDAY 11 AM – 3 PM                  Kimberly

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Big homes are taking a back seat to high-tech gadgets for luxury home buyers, according to RealtyTimes.

With the ERA Real Estate and HGTV reporting that 46 percent of consumers see smart-home technology as a growing “must have” in their current and future residences, Digital Interiors says that 94 percent of buyers surveyed would give up 1,000 square feet of living space for high-tech luxury in their new homes.

Here are the high-tech gadgets that affluent homebuyers desire or consider necessities in their homes, according to RealtyTimes:

Smart thermostats

Smart thermostats have to ability to program themselves based on residents’ preferences and adjust when they leave to conserve energy, and are also controllable from smartphones.

Enhanced

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