February 2014

Found 16 blog entries for February 2014.

It’s only one month’s worth of statistics, but it was enough to give Ken Hotard hope – hope that maybe, just maybe, the supply of homes for sale in the Boulder-area market may be on the upswing.

The inventory of single-family homes increased 7 percent in January compared with December, from 816 homes to 873; the inventory of condominiums/townhomes on the market increased 9.7 percent, from 206 in December to 226 in January.

“That’s the first month-over-month inventory increase I’ve seen in about 2½ years,” says Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.

 He noted that the Boulder area is not alone, as inventories improved nationally in January.

 “It’s not a trend yet, but it’s a good start,”

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As seen in the Daily Camera 

For someone just entering investment real estate, the task can be daunting and it may never seem like the best time to move forward.

To get started, RE/MAX of Boulder agent and experienced real estate investor John McElveen advises first time home buyers to save 10-20 percent of what they earn. “Once you save enough, purchase a property as an owner or occupant,” says McElveen. After 1-2 years, purchase another house and live there while renting out your previous home. Repeat.

This is how he’s been doing it successfully for 20 years.

Getting started is the hardest part, but with real estate prices projected to rise over the coming years, there really is no time like the present.

“I hear so many people saying, ‘I

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The 2014 Remodeling Cost vs. Value Report, a collaboration of the National Association of Realtors® and Remodeling magazine, identified the replacement of a home’s entrance door with a steel door as the one remodeling project with the highest return on investment – 88 percent – for the West states.

 Perhaps that’s because it’s one of the first things potential home buyers see as they visit a home.

 Although other remodeling projects with the highest return on investment were for the interior of the home, others – such as siding and garage-door replacement – definitely add to a home’s curb appeal.

 Here’s a look at the top remodeling projects with the best return on investment in the West states, according to the 2014 Remodeling Cost vs. Value

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The U.S. Conference of Mayors 2014 Economic Briefing ranks Boulder and Denver high for economic growth and employment.
Although the other five Colorado metros didn’t perform quite as well, their economies continue to show growth.
 
The briefing includes 363 metro areas that were ranked for economic (gross metropolitan product, GMP) and employment growth. While only Boulder and Denver ranked in the top 100 for economic growth, and Boulder, Denver and Greeley ranked in the top 100 for employment growth.
Some predictions as to national economic and employment performance for 2014 are outlined in the briefing. They include:
 
  • Consumers will increase discretionary spending in response to solid gains in employment, income, and asset values. 
  • Homebuilding
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Rates Improve Slightly On Instability in Emerging Markets.

January employment data didn’t disappoint in terms of the consensus versus the reality; as we always remind ahead of the monthly report, it generally never comes near the forecasts. January no exception; consensus estimates for non-farm jobs were for an increase of 180K, as reported job growth was +113K and almost more interesting is that the very weak Dec job growth (+74K), we expected the number would be revised higher, not the case Dec was revised up just 1K to 75K. Private jobs in Jan were also weaker than forecasts, up 142K against forecasts and estimates of 180K, and Dec was revised to just 89K. The unemployment rate did fall to 6.6% frm 6.7%. The knee jerk, always a condition on

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While December’s existing-home sales increased slightly compared with November nationwide, sales for all of 2013 were the highest since 2006, according to the National Association of Realtors®.

Total existing-home sales, which include completed transactions for single-family homes, townhomes, condominiums and co-ops, increased 1 percent to a seasonally adjusted annual rate of 4.87 million in December from a downwardly revised 4.82 million in November. However, they were 0.6 percent below the 4.90 million-unit level in December 2012.

In 2013, 5.09 million existing homes sold nationwide – a 9.1 percent increase compared with 2012. It was the strongest performance since 2006, when sales reached an unsustainably high 6.48 million at the close of the

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