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

Found 266 blog entries published by Tom Kalinski Founder RE/MAX of Boulder.

The real estate market in Boulder County is red hot, which makes maintaining your mortgage approval a must if you're shopping for a home.

“It can be a lot of work to get your mortgage approved. Once it is approved, it is important not to make any major financial changes until you sign your final disclosure and the loan is closed,” says Jessica Shanahan, loan officer with Premier Lending.

To keep your mortgage approval, you need to know the financial moves not to make.   

Your mortgage approval is primarily based on documenting your income and assets, your equity stake or down payment, your credit history and the cash you'll have left over after the deal is done, according to Tuttle’s Real Estate Update.

After your mortgage is approved,

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‘Home for Sale’ signs are popping up like spring tulips in Boulder County, showing early indications the selling season is likely to emerge strong this year.

Those early positive signs are supported by February's Boulder Area Realtor® Association sales stats that mark improvement in inventory and sales for single-family and attached dwellings.

“February showed good recovery in sales and inventory from last month’s slow start to the year,” says Ken Hotard, vice president of public affairs for the Boulder Area Realtor® Association. “It sets buyers and sellers up well going into the top home-selling months of March, April, May and June.”

Inventory increased for single-family and attached Boulder County dwellings in February compared to January.

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Labor statistics are officially confirming what we all know – Colorado’s population is on the rise, with newcomers lured by a strong job market.

By the end of 2017, Colorado had a record year with its fastest rate of growth in almost 20 years, according to the Colorado Department of Labor and Statistics.

Coloradans participating in the labor force increased 141,700 for the year, adding 5,100 nonfarm payroll jobs from November to December for a total of 2,671,500 jobs.

The increase was noticeable compared to the previous month when employers added 1,800 jobs. In fact, November’s gain was higher than the state's 12-month average gain of 3,817 jobs, and higher than the previous four months average gain of 4,800, according to CDLE data.

By

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Boulder is readying to change the paradigm of transportation mobility as a result of being named one of 35 Champion Cities selected as finalists in the 2018 U.S. Mayors Challenge. The competition is based on city leaders proposing bold solutions to each city’s toughest problems.

Three Colorado cities – Boulder, Denver and Fort Collins – were selected from a pool of more than 320 applicants. Selected cities now begin a six-month testing phase supported by a grant award of up to $100,000 for each to conduct a public prototype.

In Boulder’s application, the city proposed to combat climate change through accessible and affordable transportation alternatives for low- and middle-income residents.  City officials will conduct experiments on mobility

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Early in 2018 the real estate outlook for Boulder County looks strong, even while sailing into the same headwinds that prevailed last year: low inventory and rising prices.

But this year promises additional gusts in the form of rising interest rates.

“None of the fundamentals in the market have changed, except a small rise in interest rates and the anticipation of additional increases,” says Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.

“January data shows year over year single-family home sales are about the same as last year, and condos and townhomes are up significantly.”

Single-family home sales for Boulder County are down a single unit or .05 percent with 220 units sold in January 2018

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If you live in Boulder and laugh a lot, pat yourself on the back. You – and 100,000 of your neighbors – put Boulder on the happiness chart. 

Fact is, Boulder is the happiest city in America, based on the Gallup-Sharecare Well Being Index. 

Using their experience studying the world’s most thriving populations, National Geographic bestselling author Dan Buettner and Gallup’s social scientists developed an index to assess happiness and identify where Americans are living their happiest lives.

Boulder and two other Colorado cities fare well in that assessment, with Boulder at No. 1, Fort Collins No. 4, and Colorado Springs No. 18.    

In a recent National Geographic story and newly-published The Blue Zones of Happiness, Buettner explained the

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Ranked the No. 7 strongest housing market in the U.S., real estate sales in Colorado will remain robust in 2018, according to analysis by credit.com.

The predicted increase is around 3.1 percent. Colorado Springs is emerging as the top city for growth and median home prices are predicted to rise 5.7 percent through 2018. 

Colorado’s home prices saw the sharpest increase in the U.S. over the past two years, reports credit.com. That’s quite a mark, given that 2016 existing home sales nationwide were the strongest they’ve been in a decade, following the worst housing crisis in U.S. history. In 2018, the nation’s housing market’s strength is expected to continue with U.S. home prices expected to rise 4.6 percent.

Here are 10 states that are

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It’s the same old story, but one we love to hear. Boulder County home sales closed 2017 with yet another increase over the previous year, despite ongoing low inventory, according to Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.

“All in all, the year was positive. Sales increased moderately over 2016 in both single-family and attached residential housing,” says Hotard.

That’s saying a lot, since sales have increased in Boulder County for several years in a row and prices have increased significantly, while inventory levels never cease to become more challenging.

“The past several years have a pattern of similarity. It’s a sure sign that the demand for a home in Boulder County is strong and

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If you’re planning to sell your home this year, timing can make a big difference in your home’s final selling price.

Even though statistics show Boulder County's real estate market remains among the hottest in the country, Realtor.com reports that your “window of opportunity may be rapidly narrowing.”

“We’ve seen two or three years of what could be considered unsustainable levels of price appreciation," says Javier Vivas, director of economic research for realtor.com®.

The key word there is “unsustainable.” Changes on the near horizon suggest you should get going and be among the first to sell your home in 2018. Here are the top five reasons:

1. Interest rates remain historically low

While interest rates have already increased from the

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It’s beginning to look a lot like this year’s Boulder County real estate sales performance will outperform last year’s robust close. Year-over-year sales data for 2017 shows slight improvements compared to 2016, even with inventory at persistently low levels.

“It just proves that demand is strong and consistent,” says Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.

Single-family home sales in the Boulder area improved 2.1 percent year-to-date through November 2017 compared to the prior year – 4,224 homes sold vs. 4,138.

And the sale of 1,377 condominiums and townhomes through November represented a 5.5 percent gain compared to the prior year’s 1,305 units sold.

“We saw year-over-year sales

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