Real Estate Data

Found 31 blog entries about Real Estate Data.

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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As summer activities reach their July peak, home buying in Boulder County wanes, succumbing to the allure of family vacation, uninterrupted play time, and preparing for the start of school.  


Photo courtesy of Robson Hatsuka Morgan on Unsplash

Sales of single family homes in the Boulder-area markets dropped 13.5 percent in July 2017 compared to June with 448 homes sold vs. 518. Condominiums and townhomes July 2017 sales also slowed, decreasing 7.1 percent – 130 units sold vs. 140. 

“It’s pretty typical to see a slowdown in sales at the beginning of the third quarter, so this reflects the trend of past years. In July, people focus less on home buying and more on summer vacations,” says Ken Hotard, vice president of public affairs for the Boulder

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Colorado’s booming construction industry can’t find workers fast enough.

Ten years after construction workers were laid off in droves during the 2007-2009 great recession, the situation has flipped. Today, Colorado is faced with a full-on population boom moving full steam ahead, which is fueling a fast real estate market and lack of supply of housing. Skilled craftsman are needed in droves to build those houses and highways.

According to a report by a coalition of Colorado specialty contractors known as the MEP Alliance, there will be more than 56,000 new constructions jobs by 2025 –- a 38 percent increase over today. Over 42,000 of the jobs will be in specialty trades, and 50% of these jobs will be added by 2018.

Retiring baby boomers will

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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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If you’re a homeowner, a quickly rising real estate market is good news. It’s comforting to see your home value rise. Yet, many homeowners don’t live in the last home they will ever own, making rising prices also a source of anxiety.

The question is, what do rising real estate prices mean for the next house you buy? Will the home you own today appreciate at a greater or lesser rate than the home you’re going to buy?

According to analysis by realtor.com drawn from millions of listings from 2011-2016, some home features appreciate more than others. Knowing this could help you gauge which home updates pay off the most – and which may not pay off at all. It can also help you choose a home that will appreciate at the top of the curve.

As a point

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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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I will be posting excerpts on mortgage acceleration from my book REALTOR® for Life. You can watch and subscribe to the RE/MAX of Boulder podcast channel for behind the scenes content.

1. Create your own amortization schedule: to pay off the balance of a loan in the desired number of years on a $100,000 Loan at 6% you could pay the loan off according to the following schedule:

 

2.  Bi-weekly mortgage payments program: The way that this program works is that when you make a payment every two weeks when you get a pay check, you put enough in so that it would be equivalent to making one extra payment a year. This program will usually pay off a 30-year mortgage about 7 years sooner. Some lenders offer a bi-weekly mortgage payment plan. You can

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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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Over the next few weeks, I will be posting excerpts on mortgage acceleration from my book REALTOR® for Life. You can watch and subscribe to the RE/MAX of Boulder podcast channel for behind the scenes content.

The article below was also published in the At Home section of the Boulder Daily Camera

In the final stage of buying a home, while sitting at the closing table, it is always a bit of a joke when the happy home buyers are asked to sign the loan disclosures showing how much interest they will pay over the life of their 30-year loan. Oftentimes they say things like “Oh, I’ll be dead by then anyway”, or “Wow, I had no idea!”.

Closing on your home creates a perfect opportunity to put a system in place to build equity and real estate wealth by

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