All Blog Entries by Jay Kalinski Owner/Broker RE/MAX of Boulder

Found 11 blog entries published by Jay Kalinski Owner/Broker RE/MAX of Boulder.

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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Did you ever notice that there seem to be so many new apartment buildings in the Boulder Valley and Denver (perhaps too many) and only a miniscule amount of new condo buildings? If you are in the market for your first home, or downsizing to your last, I bet you have noticed this phenomenon. I am here to tell you that you are not crazy. There is an explanation and a solution.

Anyone who is even casually familiar with the real estate market in the Boulder Valley, like much of Colorado, knows that it is characterized by two features: lack of inventory generally and lack of affordable homes specifically. Most people do not know, however, that correcting the imbalances in the construction-defects law would help ameliorate both conditions, and it’s within

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As predicted, the Federal Reserve raised interest rates in December, and conventional mortgage rates have increased from 3.625 percent on Nov. 4 to 4.375 percent as of the writing of this article (an increase of 0.75 percentage points). In 2017, economists predict a couple more interest-rate increases to the Fed funds rate, which will likely spur increases in conventional mortgage rates as well.

To a homebuyer in the Boulder Valley, what do these projected mortgage-rate increases actually mean? The effect may be bigger than you would think.

The 1 Percent = 10 Percent Rule

As a rule of thumb, for each 1 percent increase in mortgage rates, your buying power decreases about 10 percent. To understand the import of this, it is helpful to use a couple

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If you're one of the millions who use smart devices throughout your home, take heed.

 Along with the wonder of touch-of-a-button Internet home control comes the growing problem of cybercrime. And without precautions, you could be the next victim. The use of smart devices is projected to reach 50 billion by 2020, according to Cisco Internet Business Solutions Group. With so many smart devices and the availability of easy to use hacking software such as Miria, home-targeted cybercrime is a growing problem.

Take steps now to keep your home, financial data and you, safe. Follow these valuable tips on how to keep hackers out of your house, as seen in Bradley K. Tuttle's Real Estate Update. 


1. Change the default setting on your smart device.

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Anyone who has purchased a home in Colorado is familiar with this scenario: After going under contract, you complete all of the necessary steps, from inspection through loan approval; you receive an email with instructions from the title company and wire your money to them the day before closing; you show up the following day, sign a voluminous stack of papers, and finally get your hands on the keys to your new house. The feeling of joy, relief, excitement, and myriad other emotions is palpable in the closing room.

How would it feel, however, to show up to the title company on the day of closing to hear that the title company never received your down-payment wire? Can you imagine that sinking feeling in the pit of your

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We are still in a strong seller’s market, with a mere 1.56 and 0.74 months’ of inventory of single-family homes and attached homes, respectively. And yes, prices are up an average of 14 percent for single-family homes and 20 percent for attached homes in the first six months of the year. (I covered Boulder’s crossing the $1 million threshold in a previous article.)

Notwithstanding the foregoing, the second half of 2016 will be the best time for home buyers to jump into the market for the foreseeable future. Here are three key reasons why.


The inventory of homes in Boulder County typically peaks in the summer and gradually trails off in the second half of the year. There is typically an equivalent (or slight higher) number of homes on

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In the first five months of 2016, the average sale price of a single-family home in the city of Boulder was $1,018,458, according to data collected from IRES. This is a new high-water mark for Boulder1 and raises important questions for the city’s future.

There are myriad reasons that home prices have risen so high in Boulder, but the bottom line is that there is an imbalance between supply and demand, with far more people wanting to live here than there is housing to support them.

On the demand side, Boulder is well known for providing an unmatched quality of life with plentiful jobs and a highly educated workforce. These forces driving demand seem to only be getting stronger. On the other side, however, many of the features that provide the high

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Anyone who even casually follows the residential real-estate market in Boulder County understands that we are in the midst of a period of steep appreciation. One question I hear frequently from both sellers and buyers is, “How long can this incredible rate of appreciation last?” Homeowners interested in selling are, of course, trying to time the market to maximize their captured appreciation, whereas buyers are not so secretly hoping for some price relief.

One thing to understand is that this present cycle of steep appreciation is not unprecedented.  In fact, going back to 1978, this is the fourth such period of rapid growth.

Very similar growth periods occurred from 1978 to 1982, 1990 to 1994 and 1997 to 2001. In each case, our average

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The Boulder Valley’s strong seller’s market continued throughout the first quarter, but signs of hope for buyers have begun to emerge.

Since 1991, Boulder has appreciated more than any other metropolitan area in the country. In fact, the average home in Boulder County has appreciated a whopping 303.62 percent in the past 24 years. Last year, Boulder County ranked seventh nationally for home-price appreciation with a 13.2 percent increase.

Anyone participating in the housing market understands that we have been in a strong seller’s market for some time, and that trend largely continued in the start of 2016. In the first quarter, the average sale price of a single-family home in Boulder County appreciated by 8.8 percent over the first quarter of 2015.

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With home prices at all-time highs nearly everywhere in Boulder and Broomfield counties, I am often asked if we are in the midst of another housing bubble. The short answer is “No.”

There are myriad reasons for this, but they generally boil down to the fact that demand for housing far outstrips the available supply, and that the reasons for this are structural and not likely to change in this decade.

Local market statistics show the huge demand for housing in our area. For example, average sale-price-to-list-price ratios for single-family homes in Louisville, Lafayette, Longmont and Superior were all more than 100 percent; for attached dwellings, every market in Boulder and Broomfield counties averaged more than 100 percent.

The largest

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