December 2013

Found 16 blog entries for December 2013.

The number of single family homes sold through three quarters of 2013 is at an all-time high since 2008. Longmont has experienced an increase of 138 single family home sales since last year, reaching 667 so far this year. Boulder County as a whole has sold 245 more homes than last year at this time, with sales totaling 2,766 for single family dwellings.

In addition, the median sales price by area through three quarters of single family dwellings are collectively at an all-time high since 2008, including a $72,000 increase in median price in Boulder.

Median and average sales prices for single family dwellings are both on the rise since last year. Boulder county’s average for this year is $493,484, compared to $450,504 last year.

Boulder County has

1,303 Views, 0 Comments

After a slight rally the first half of the week, treasuries climbed Wednesday afternoon back towards its 2.84% resistance level.  Mortgage rates aren't following the treasury lead and have held after their surprising drop back to 4.5%.

 

What's Happening?

 

Little has happened economically to explain mortgages drop back to 4.5%.  Since Friday there have been few economic reports and the only news of consequence has been the rumors that a budget deal is close and we may not have to experience another shutdown.  Wednesday's bond auction was underwhelming and the Treasury Budget report is showing the deficit continuing to fall.  Although the government is reporting a 22% drop in the deficit, the actual number is closer to 17%.  The remainder of

1,154 Views, 0 Comments

Just last month local markets were relieved that the Fannie Mae and Freddie Mac maximum conforming loan limits would remain unchanged in 2014 at $417,000.  Last week, however, the Department of Housing and Urban Development (HUD) announced that the national maximum loan limits for 2014 Federal Housing Administration (FHA) loans will drop from $729,750 to $625,500 next year.  These loans are insured by the FHA and are designed to allow low-to-moderate income borrowers to purchase homes with small down payments (which can even come from gifts or grants.)

Locally, the maximum FHA loan limits are set to fall substantially.  Boulder County will see its FHA loan limit fall from $460,000 to $408,250 while both Broomfield and Jefferson Counties’ limits will

5,149 Views, 0 Comments

The economic news continues to come in strong and rates continue to move up.  Overall, the reports are better than the economy.

 

What's Up?

 

Since Wednesday's upward move, we've seen additional strong economic news and rates have continued to move upward.  The good news is the rate of increase has slowed and apparently the 2.87% resistance level on the 10 year treasury is holding as bonds have twice failed to stay above the resistance level.  Mortgage rates have shown remarkable restraint in their movements and the 30 year fixed is holding at 4.625%.  Below are some details.

 

Thursday's GDP came in above expectations at 3.6% versus the 3.1% expected number.  Normally that would be a much bigger concern but without the massive

1,230 Views, 0 Comments

With the holidays and businesses slowing down, many REALTORs slow down too. Yet, finishing the year strong is a great way to start the new one.

 The article link below from RISMedia provided a few tips to keep the MO going while others party it away.

http://rismedia.com/2013-12-05/five-things-realtors-should-do-before-2014/

1,637 Views, 0 Comments

Rates ticked up last Wednesday as investor's hedged for the long weekend.  Monday and Tuesday those rates stayed up and today then climbed again as the economic news is good for the economy.

 

What's Happening?

 

After the long weekend, the markets were greeted by several minor reports that didn't soothe any bearish feelings.  Both the PMI and ISM manufacturing Indexes were above expectations and both September and October's Construction Spending were released.  September's report was delayed because of the government shutdown.  September was below expectations but it was pretty much ignored as the more current October numbers were above expectations. Tuesday was quiet on the report front but Wednesday was loaded with news.  

 

As a

1,253 Views, 0 Comments