March 2016

Found 7 blog entries for March 2016.

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

Mortgage interest rates improved this past week as the Fed left the Fed Funds Rate unchanged at the conclusion of its FOMC meeting.  The Fed cited concerns that global economic weakness could act as a drag on U.S. economic growth.  It appears that the Fed is looking to increase rates just twice this year instead of the four rate increases it mentioned in December.  Economic data was mixed.  Economic data stronger than expected included the March Empire State Manufacturing Index, January Business Inventories, the February Consumer Price Index (CPI), February Housing Starts, weekly jobless claims, and the March Philadelphia Fed Business Index.  Economic data weaker

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When the weather turns warm and the birds start to chirp, it’s a siren call to go outside – and stay there. Almost any excuse will do, so it’s the perfect time to put that pent-up outdoor enthusiasm to good use and do some freshening around your home that will pay off all summer long.

Here are a few key areas that deserve focus, recommended by Houzz magazine. These will give you the most pleasure in return for energy well spent. Read on for 6 great tips for hurrying spring along. 

1. Refurbish the front porch. Blast away any debris or leaves still lingering from the fall die off. Use your hose to wash the siding, flooring, lighting and outdoor furniture. You won’t need a power washer – in fact, some siding can be harmed by the extra force – but

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While still early, 2016 is shaping up to be a lot like 2015 in many ways for Boulder-area real estate.

Home sales rose in February 2016 compared to last month’s modest number, showing improvement in sales data for single-family and attached dwellings in Boulder County, according to Boulder Area Realtor® Association statistics.

But, year-to-date, sales declined and inventory – already at record lows – was virtually unchanged.

“I consider February’s sales something of a recovery over a fairly slow January, so we’re getting into more of a normalized market now that the holiday period is over,” said Ken Hotard, vice president of public affairs for the Boulder Area Realtor® Association.

He added that while the Boulder-area market likely will be

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1800 Keel Court, Lafayette         OPEN SATURDAY 12 – 2 PM                      Terry Larson                      

270 Laramie Blvd., Boulder        OPEN SATURDAY 2 – 4 PM                         Wes Hobson                     

4219 Amber Street, Boulder       OPEN SATURDAY 3 – 5 PM                         Steven Carter   

                

7327 Island Circle, Boulder                    OPEN SUNDAY 11 AM – 1 PM          Lynn Ryan                          

13972 Gunnison Way, Broomfield          OPEN SUNDAY 11 AM – 2 PM         Tom Cohen    (coming soon)

4983 Clubhouse Court, Boulder              OPEN SUNDAY 12 – 4 PM               Mike Rebich                      

4617 Gordon Drive, Boulder                   OPEN SUNDAY 2 – 4

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Boulder Valley home buyers in 2016 will face a daunting landscape, with a dearth of inventory, rapidly appreciating prices and multiple-offer situations galore. One city stands out as the best opportunity for investment, especially for first-time home buyers and especially if you do not have $1 million or more to spend.

It’s Longmont. Here’s why:

Affordability

Of all the markets in Boulder and Broomfield counties, Longmont is the only one that finished 2015 with average single-family home prices below $350,000 (more than $100,000 less than Broomfield, the second most affordable locale). Longmont also was the most affordable for attached dwellings, with the average unit selling for $244,329. The Federal Housing Finance Agency set the Boulder

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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 as economic data was mixed.  Economic data stronger than expected included January Construction Spending, the February ISM Manufacturing Index, the February ADP Jobs report, the February ISM Services Sector Index, February Non-Farm Payrolls, February Private Jobs, and the February Labor Participation rate.  Construction Spending increased 10.4% year over year.  The ISM Services Sector Index was better than expected but fell to its lowest level in two years.  Economic data weaker than expected included the Chicago Purchasing Managers Index, January NAR Pending Home Sales, Jobless Claims, January Factory

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The Boulder and Denver metro areas, along with much of Colorado, seem to be in a perfect storm.

As job growth and housing inventory and price reports roll in month after month, the picture is clear: Job and economic growth are strong, housing inventory remains low and housing prices keep rising.

In the jobs arena, Colorado continues to be a high-tech employment center, according to the “CyberStates” report published by CompTIA. Colorado added 3,088 high-tech jobs to total more than 187,000 tech workers in 2015, the report said.

High tech salaries came along with those tech industry jobs. Average annual wages of a Colorado tech worker topped $106,000 in 2015, an increase of 4.4 percent over 2014 and nearly double the average private sector

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