September 2017

Found 7 blog entries for September 2017.

Thirteen Colorado cities – including two in Boulder County – ranked among the Best Housing Markets in the U.S., according to WalletHub’s report released in August, 2017.

The report compares 300 small, mid-size and large U.S. cities across 21 key indicators of “Real Estate Market” – which ranked housing-market attractiveness and “Affordability and Economic Environment.” 

Each dimension was evaluated with weighted metrics, listed below, and then graded on a 100-point scale, with a score of 100 representing the healthiest. The cities were then rank-ordered.

Most of the metrics fall in the real estate market category.

Real estate market metrics are: home value forecast, median home-price appreciation, average days for selling, share of homes

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Boulder-area housing sales in August saw single-family home sales dip while condo and townhome sales pushed upward.

Both markets share a common factor that is driving the rate of sales – and that factor is inventory.

"As the number of homes available for sale goes up or down, sales follow. It's a correlative pattern that has shown for some months now," says Ken Hotard, vice president of public affairs for the Boulder Area REALTOR® Association. 

"In attached homes in August, inventory was up, which supported the increase in sales," says Hotard.

Townhome and condominium sales improved 9.2 percent in August 2017 compared to July – selling 142 units vs. 130. Inventory also improved, rising 21.3 percent with 239 units available this month

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With the tight rental market in Boulder, instead of fully relaxing during the upcoming family weekend at CU-Boulder, many parents face signing a high-rent lease for their child's off-campus housing next year.

But it doesn’t have to be this way.

Parents can get smart about their child’s college housing and offset the cost of college with a ‘Kiddie Condo Loan,’ says Duane Duggan on the RE/MAX of Boulder podcast with his guest Jessica Shanahan, loan officer from Premier Lending.

What’s a ‘Kiddie Condo Loan’?

Basically, instead of paying rent, you help your child buy a home.

“It doesn’t have to be a condo, it can be any kind of primary residence,” says Shanahan.

“If your child is coming to CU-Boulder and you want to invest in this

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The following article is a summary from the book, “Realtor for Life,” written by Duane Duggan.

When interest rates drop, you might wonder whether or not it makes any sense to refinance.  Unfortunately, there are many different “rules of thumb” being directed to the public to answer the question, “When is the right time to refinance?”

One of these “rules of thumb” says that if your current mortgage loan is less than two years old, you should not refinance. Generally, this thought comes from the fact that you have just paid closing costs and when you refinance, there will be another set of closing costs. 

Another common “rule” used to determine the feasibility of refinancing is that there should be at least a 2% spread between the old interest

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Thirteen Colorado cities – including two in Boulder County – ranked among the Best Housing Markets in the U.S., according to WalletHub’s report released in August, 2017.

The report compares 300 small, mid-size and large U.S. cities across 21 key indicators of “Real Estate Market” – which ranked housing-market attractiveness and “Affordability and Economic Environment.”

Each dimension was evaluated with weighted metrics, listed below, and then graded on a 100-point scale, with a score of 100 representing the healthiest. The cities were then rank-ordered.

Most of the metrics fall in the real estate market category.

Real estate market metrics are: home value forecast, median home-price appreciation, average days for selling, share of homes

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The Boulder-Denver Metro area may see a continuing uptick in high tech workers, if Silicon Valley’s tech workers fulfill on their longing.

 

More than two-thirds of Silicon Valley workers see themselves pursuing their tech careers outside of the industry’s epicenter, according to a survey conducted recently by Indeed Prime. Survey results show that Denver ranks as the No. 2 place that many see as a good place to move.

Not that the Bay Area is being surpassed as the nation’s most vibrant tech center. But some tech workers are beginning to feel little or no need to live in the Bay Area, the survey shows.

The shift is strikingly age related, with almost half of millennial tech workers still firmly rooted in the view that it’s important or very

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Terri Johnson is a Colorado native who was born in Denver and has over 35 years of real estate experience.

Terri’s background in real estate started with production builders in new construction. Early in her career she began working with custom builders in Niwot, Lafayette, and Longmont where she sold the majority of the homes in the Somerset, Waterford, Waterford Park, and Niwot Meadow Farm communities. In total, she has worked with over 50 different custom home builders in 15 different custom home communities.

She spent 18 years with RE/MAX of Boulder before starting her own brokerage in Northern Colorado to be closer to her family. After 3 years, she found that being a sole Broker/Owner was somewhat isolating, and she missed working with “the

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