August 2014

Found 11 blog entries for August 2014.

By Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Mortgage interest rates improved slightly this past week despite economic data that was mostly stronger than expected.  Economic data stronger than expected included July Durable Goods Orders, the June FHFA Home Price Index, August Consumer Confidence, weekly jobless claims, the second look at Q2 GDP, July Pending Home Sales, the August Chicago Purchasing Managers Index, and the University of Michigan Consumer Sentiment Index.  Durable Goods Orders increased by the most on record, driven mainly by aircraft orders.  Consumer Confidence reached its highest level since October of 2007.  Economic data weaker than expected included July New Home Sales, the June Case

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A group of 25 Colorado REALTORS completed the MS 150 bike race in honor of Rickey Cooper, a 13-year-old football player who was diagnosed with Multiple Sclerosis last year.

“His spirit is so strong that it rubs off on those around him,” says Rickey’s mom, Nicky Hungerford. The REALTORS for Rickey team agreed, creating football-jersey-inspired t-shirts for the race in honor of the athlete.

“Football is a huge passion for all of us,” says Hungerford, “and in a way, the jerseys brought it back.”

The REALTORS team of MS 150 has been competing each June since 2007. The Colorado branch of the 150-mile race travels a course from Westminster to Ft. Collins and back and attracts 2,000 participants each year.

“The team shows the commitment REALTORS have

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The improving economy and increased buyer confidence is sustaining a strong Boulder-area market with only modest movement in sales and inventories, July’s real estate statistics show.

“Not much in the way of market indicators is changing,” explains Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association.

The market remains strong with little movement in sales volume or inventory, he notes.

Single-family home sales fell 4.8 percent year-over-year, with 491 units selling in July 2013 compared with 467 last month. Yet July’s sales were a 3.5 percent increase compared with the 451 units that sold in June.

Meanwhile, condominium and townhomes sales fell by 5.1 percent in July compared with July 2013 – 165 units

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Colorado and Denver both landed in the top 10 for their respective categories on the U.S. Clean Tech Leadership Index for 2014.

The index provides an analysis of the clean-tech marketplace, tracking relevant technology, policy and capital developments in the U.S. clean-tech industry, according to Clean Edge. This year’s report includes the overall and category results for all 50 states and the top 50 metro regions and features comprehensive highlights and datasets on industry activity across the country.

Data in the state index covers more than 70 indicators in three main categories: technology, policy and capital. Data is included for all 50 states on clean-energy generation, energy storage installations, green building deployment, energy

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The national real estate market is headed toward balance with inventory on the rise and existing-home sales increasing in June, reaching an annual pace of 5 million sales for the first time since October 2013, according to the National Association of Realtors®.

Total existing-home sales (completed transactions that include single-family homes, townhomes, condominiums and co-ops) increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June from an upwardly revised 4.91 million in May. Sales are at the highest pace since October 2013 (5.13 million), but remain 2.3 percent below the 5.16 million-unit level a year ago, the NAR reports.

Existing-home sales in the West, which includes Colorado, rose 2.7 percent to an annual rate of

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Forbes recently named Colorado’s two biggest universities among the top 50 most entrepreneurial universities of 2014.

The University of Colorado Boulder, which received a $4 million grant from Blackstone Group to build an entrepreneurs network for the state, landed at No. 19; Colorado State University in Fort Collins just made the cut at No. 49.

Forbes ranked the nation’s most entrepreneurial research universities based on their entrepreneurial ratios – the number of alumni and students who have identified themselves as founders and business owners on LinkedIn against the school’s total student body (undergraduate and graduate combined).

For the second time, Stanford University topped the list and California’s schools filled more than half of

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1611 Birchwood Ct., Lafayette – OPEN SUN 1 – 3 PM  

2239 Eagles Nest Dr.      Lafayette             OPEN SUN 1 – 3 PM    

2413 Ginny Way                Lafayette             OPEN SUN 2 – 4 PM  

8733 Portico Lane             Longmont      OPEN SUN 12 – 2:30 PM 

151 Stone Canyon Dr.     Lyons      OPEN SUN 11 – 2 PM     

2251 Meadow Sweet Ln Erie      OPEN SUN 1 – 3 PM     

2409 Shortridge Ct.          Erie      OPEN SUN 11 – 2 PM

6997 Indian Peaks Tr.      Boulder    OPEN SUN 1 – 4 PM  

7152 Old Post Rd.             Boulder                OPEN SUN 1 – 4 PM             

7323 Old Post Rd.             Boulder                OPEN SUN 1 – 4 PM  

7320 Island Cir.                  Boulder                OPEN SUN 1 – 4 PM             

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Buying a home has never been more difficult, but for young adults loaded down with student loan debt and jobs hard to come by, it’s an especially steep uphill battle.

Although they could do so with financial support, parents should ask themselves what lending or giving their children help will cost – not only the parents, but the children, as well.

Here's some advice from financial experts provided to The Wall Street Journal:

Stay off that limb

Perhaps the No. 1 tip of financial experts to parents considering giving or lending their children money to buy a home is to not part with more than they can afford. And that’s not as simple as considering current needs; they should consider whether what they give or loan their children will take away

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By Kaitlin Krug-Byrd

In the past decade or so, the practice of flipping houses has often been presented in an unrealistic light due to growing popularity of home improvement shows and a never-ending supply of “how-to” articles. All too often, a home featured on “Flip or Flop” (or any similar cable show) will yield a $50,000 “profit”, setting a potentially unrealistic standard for viewers. Assuming house flipping is something anyone can make a career out of?

My advice: keep your day job for now.

Although it has the potential of being a successful vocation, flipping homes as a career is challenging and accompanied by an abundance of risk.

 You Need a Great Deal of Money to Start

The most important aspect of becoming a successful house flipper

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  • 3830 Norwood Court, Boulder OPEN SUNDAY 12 – 2 PM                                     
  •  6148 Red Hill Road, Boulder OPEN SAT 10 AM – 1PM, SUN 1 – 4 PM  
  •  225 E. 8th Ave. D-11, Longmont  OPEN SUNDAY 1 – 3 PM 
  • 988 W. Dahlia St., Louisville  OPEN SATURDAY 9 – 11 AM  
  • 2136 Bowen Street, Longmont  OPEN SATURDAY 10 AM – 1 PM   
  • 3239 Bruce Randolph Ave., Denver OPEN SATURDAY 1 – 4 PM 
  • 1298 Single Tree Lane, Erie  OPEN SATURDAY 11 AM – 2 PM 


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