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

Found 244 blog entries published by Tom Kalinski Founder RE/MAX of Boulder.

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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Real estate has its ups and down. Such is life, but statistics show that investing in a home in Boulder County is a good bet over time.   

But buying your first home is not so easy. Would be first home buyers often find the down payment and mortgage can be challenging financially. Real estate and financial professionals will tell you that to achieve home ownership, you’ll have to take decisive action.

Here are some ideas on how to get started down the path that leads to the purchase of your first home, as first published by Bradley K. Tuttle’s Real Estate Report.  

Don’t take shortcuts: Find the right professional help

Talk to real estate professionals (I recommend our wonderful and capable agents), even before you are ready to buy. With their

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Boulder-area home sales improved in February 2017, as sales jumped substantially in condo/townhomes, single-family home inventory rose, and prices moderated slightly. But inventory continues to be far lower than a healthy market requires.   

“It’s the same old song, inventory – or the lack of it – is driving a lot of the numbers,” says Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.

Hotard is hopeful that homeowners considering selling will decide to move as the spring real estate season approaches.   He says “we're seeing the beginning edge of that as some of the inventory numbers have gone up.”

In condominiums and townhomes, Boulder-area sales grew 36.8 percent month-over-month – 78 units vs. 57 in

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Our office experts predict this year’s Boulder Valley real estate will face the same persistent challenge that dominated last year – high demand and low inventory.

The combination creates a strong seller’s market and tough buying competition. “Fierce buying competition” characterized the first half of 2016, says the 2017 Boulder Valley Real Estate Report published annually by RE/MAX of Boulder. The fierceness was driven by one simple reason: demand far exceeded supply of available homes, townhomes and condominiums for sale in Boulder Valley.

The report cites a number of factors that stimulated market demand, including a large and steady in-migration of newcomers to Colorado – 96 percent of whom settled along the Front Range. The increase in new

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Denver No. 2 City for Job Seekers

If you're looking for a new job to top off the New Year, the Denver metro-area is a good place to be. In fact, it is the second best city for job seekers in 2017 compared to the 100 largest cities in the U.S., according to analysis of federal data by NerdWallet. Analysts ranked cities based on weighted scoring of best job opportunities and affordability.

Denver earned the No. 2 spot despite the rising cost of housing in the metro-area. NerdWallet counted the cost of housing as 16.7 percent of overall score. The study showed the No. 1 best city for job seekers is Austin, Texas, followed by a top-ten lineup of Denver, Nashville, TN: Seattle, Durham, NC; Atlanta, Minneapolis, Lincoln, NE; Irving TX; and Raleigh, NC.

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The ninth annual Boulder Valley Real Estate Conference, coming Nov. 15, 2016, promises to give a glimpse into what to expect for next year's ever-changing and growing real estate landscape in Boulder Valley.

Presented by BizWest and Re/Max of Boulder, Inc., the event delivers an intensive schedule of national keynote speakers and panels made up of local real estate experts and development officials. All told, attendees gain perspective on residential trends, commercial activity, and significant developments in Boulder and Broomfield counties.

The conference -- which drew 475 attendees last year -- will kick-off with a forecast from experts on what to expect for 2017 residential and commercial activity.

Taking an in-depth look at

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Community Foundation

If you're lucky enough to call Boulder County home, here's some news to celebrate.

The Community Foundation Boulder County – an organization that has shaped our community through philanthropic leadership – marks its 25th anniversary this month.  

During that quarter-century, Boulder County has benefitted from the Community Foundation's granting nearly $68 million to nonprofits and establishing an endowment of more than $52.3 million.

Donations and strategic resources have gone to improve health and human services, basic needs, children and youth, education, civic engagement, arts and culture, and animals and the environment.

“We touch just about any issue area,” says Gretchen Minekime, the foundation’s vice president of communications.

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