All Blog Entries by Tom Kalinski Founder RE/MAX of Boulder

Found 240 blog entries published by Tom Kalinski Founder RE/MAX of Boulder.

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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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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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 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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Home sales are heating up alongside record breaking summer temperatures in Boulder County.

And experts say these month-over-month double-digit increases in both single-family and attached dwellings countywide are right on cue.

“There’s really nothing unusual here. You would expect to see sales improve as they have,” says Ken Hotard, vice president of public affairs for the Boulder Area Realtor® Association. 

Hotard is referring to the usual increase in sales that accompanies the home buying season. But that’s not the only factor. He says there’s an ongoing Boulder County trend of sales volume mirroring inventory availability.

This month, Hotard notes condo and townhome market sales in particular benefitted from strong inventory gains.

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Contribution from Ken Hotard-VP Public Affairs Boulder Area Realtor® Association.

Despite a few snow storms, spring is in full swing in Boulder County, which usually brings robust buying activity in residential real estate. But home sales slowed in April with a mixed bag of a drop in multi-family home sales and a modest improvement in single-family home sales.

And for those who follow the Boulder-area markets, the factor driving this market will come as no surprise. That factor is the inventory level, according to Ken Hotard, vice president of public affairs for the Boulder Area Realtor® Association.

"Inventory continues to be the word of the day," he says. "If you look at the data, last month we saw some inventory gains in multi-family and

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Spring home buying season is off to a bright start in the Boulder-area real estate market with sales and inventory improving for the month of March.

“We’ve had such beautiful weather, people have been very active in the housing market,” says Ken Hotard, vice president of public affairs for the Boulder Area Realtor® Association, at our quarterly sit-down.

“We saw a good bump in inventory both for single-family homes as well as condo/townhomes and sales went through the roof,” says Hotard.

Sales of single-family homes jumped 77.7 percent in March 2017 compared to February; 334 versus 188 units. Condominium and townhome sales rocketed 105.1 percent month-over-month with 160 units sold vs. 78.

Inventory for single-family homes grew 29.8 percent

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