July 2017

Found 7 blog entries for July 2017.

In a hot Boulder County real estate market, prices continue to climb, with the average sales price topping $1 million in the city of Boulder month after month.

Meanwhile, sales continue to roll-in across Boulder County, with a 13.1 percent increase for single-family homes in June compared to last month – selling 518 homes compared to 458. For the year, single-family home sales kept pace with last year’s strong market, falling a scant .09 percent through June 2017 compared to 2016 with 2,131 homes sold vs. 2150.  

Noting there appears to be an uptick in 'move-up' buying, Boulder Area Realtor® Association's Vice President of Public Affairs Ken Hotard says this market presents no surprises. 'Move-up' buying refers to buyers who have a home and are

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Boulder tops the nation for strong and stable price appreciation, according to SmartAsset’s annual analysis of best housing markets for growth and stability.

It’s no surprise that home appreciation is high in Boulder County. But as the local housing market continues to heat up, stable home prices are key factors for any home buyer – whether new to the market or trading up.   

For home buyers and owners in Boulder and two other locales, the news is positive. In fact, Boulder, along with the Texas metro of Austin-Round Rock, are Nos. 1 and 2 for the most stable housing markets in the county for the third year in a row.

Boulder claimed the highest average home appreciation of any metro area studied. Two factors cited by Smart Asset as making

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Experts advise home buyers to get prepared with key skills and resources before entering today's competitive and complex real estate market. 

New and savvy home buyers need two essential skills give buyers the edge in hot real estate markets, according to Bradley K. Tuttle's Real Estate Update. The two key skills are validation of the true-value of a home and revved-up decision making.

Skill 1 – True-Value Validation

Today, million dollar homes are no big deal. Unlike a decade ago, the steady rise in real estate prices has resulted in seven figure price tags seeming commonplace. Much of the home price appreciation is due to supply and demand, and the ability to get low interest mortgages.

The home itself typically has not changed – it

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Outreach and Involvement Inspire Others to Lend Their Support

By L.L. Charles, Boulder Daily Camera
Photography by Bob Truemper for RE/MAX of Boulder

Published in the Boulder Daily Camera At Home section on July 28, 2017

 

A few of the RE/MAX of Boulder Realtors donating to Children's Hospital Colorado/Children's Miracle Network: (left to right, back row): Lisa Wade, Todd Gullette, DB Wilson; middle row: Maureen McCarthy, Brian Hellwig, Elizabeth Ryterski, Steve Altermatt, Daryl Smith; front row: Danni Wilson, Children’s Hospital Colorado’s Kacie Thomas, John Hampshire, and Janet Leap. RE/MAX of Boulder Realtors who donated but are not pictured: Denise Patryas, Mary Arnold-Grow, Kimberly Brown, Brad Clarkson, Tina Di Scipio, Rich Gribbon,

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Colorado’s booming construction industry can’t find workers fast enough.

Ten years after construction workers were laid off in droves during the 2007-2009 great recession, the situation has flipped. Today, Colorado is faced with a full-on population boom moving full steam ahead, which is fueling a fast real estate market and lack of supply of housing. Skilled craftsman are needed in droves to build those houses and highways.

According to a report by a coalition of Colorado specialty contractors known as the MEP Alliance, there will be more than 56,000 new constructions jobs by 2025 –- a 38 percent increase over today. Over 42,000 of the jobs will be in specialty trades, and 50% of these jobs will be added by 2018.

Retiring baby boomers will

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The U.S. homeownership rate fell to a 50-year low in the second quarter of 2016, much of which was attributable to Millennials staying out of the market. While some have contended that Millennials are not interested in homeownership, recent studies have shown that 80 percent of people still consider it to be part of the American Dream, and 90 percent stated that they want to own a home in the future.

If you are a Millennial and have overcome numerous barriers likely facing you, including crippling student debt, lack of ability to accumulate a down payment, low inventory and high prices, and lack of mortgage availability, why would you want to buy a home versus investing in the stock market, for example? While diversified investments is, of course, a

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