February 2015

Found 15 blog entries for February 2015.

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

Mortgage interest rates improved this past week as economic data was mixed.  Economic data stronger than expected included the December Case Shiller 20 City Home Price Index, January New Home Sales, January Core CPI, January Durable Goods Orders, the December FHFA Home Price Index, the second look at Q4 GDP, and the University of Michigan Consumer Sentiment Index.  Q4 GDP growth was revised down to 2.2% but higher than the 2.1% expected.  Economic data weaker than expected included January Existing Home Sales, the February Consumer Confidence Index, weekly jobless claims, January CPI, January Durable Goods Orders excluding transportation orders, the February Chicago

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1514 E. Weldona Way, Superior                OPEN SATURDAY 11 AM – 2 PM          Brian Sundberg             (photos and information coming)

1642 Yellow Pine Avenue, Boulder           OPEN SUNDAY 12 – 2 PM                   Terry Larson            

2715 Iliff St., Boulder                               OPEN SUNDAY 12 – 2 PM             Steve Altermatt                


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

Mortgage interest rates increased slightly again this past week despite mostly weaker than expected economic data.  Economic data weaker than expected included the February New York Empire State Manufacturing Index, the February NAHB Housing Market Index, January Housing Starts, January Building Permits, January Industrial Production and Capacity Utilization, the February Philadelphia Fed Business Index, and January Leading Economic Indicators.  Inflation was also weaker than expected with the January Producer Price Index (PPI) down 0.8% on expectations that it would be down 0.5%.  Core PPI, excluding the food and energy components, was down 0.1% on expectations

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In last week’s RE/MAX of Boulder (ROB) Radio program, co-host George Thomas interviews Duane Duggan who attended the Council of Residential Specialists (CSR) Conference in Las Vegas. At the conference, Duane listened to Stefan Swanepoel, an industry researcher who has been predicting real estate trends for the past 30 years. Duane summarizes Stefan’s discussion of the types of fascinating, innovative new technologies that will have an impact in real estate.

One major trend is the use of drones. With the increasing popularity of drones, legislation is being discussed that will regulate them. In the real estate industry, drones could potentially be used to photograph and view properties, and could be especially helpful for viewing larger properties over

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1.        134 Peppler Drive, Longmont                    OPEN SATURDAY 11 AM – 2 PM     

2.       1050 Grape Avenue, Boulder                      OPEN SUNDAY 1 – 3 PM                                         

3.       2715 Iliff Street, Boulder                            OPEN SUNDAY 12 – 2 PM                            


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

Mortgage interest rates increased slightly this past week as new economic data was limited.  Of note, the December JOLTS Job Openings Report and the January Treasury Budget were better than expected.  Economic data weaker than expected included weekly jobless claims, January Retail Sales, and December Business Inventories.  Retail Sales in December and January fell the most in back to back months since 2008.  January Import and Export Prices fell, largely driven by declining oil prices.  The Treasury auctioned $64 billion in 3 Year Notes, 10 Year Notes, and 30 Year Bonds which were met with okay demand.  In Europe, Q4 GDP increased 0.3%, slightly more than the 0.2%

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The local residential real estate markets remain strong despite both shrinking inventories and sales.

Single-family home sales dropped 7.2 percent in January – 166 units sold – compared with January 2014, in which 179 units sold. And sales dropped 37.1 percent between January and December’s 264 sales.

In the condominium/townhome market, 70 units sold in January, a 20.7 percent jump compared with the 58 units that sold a year ago but a 35.8 percent decline compared with the 109 units that sold in December.

“What continues to be telling is the inventory story,” explains Ken Hotard, senior vice president of public affairs for the Boulder Area Realtor® Association. “The slower pace of sales this time of year is consistent with past years but it’s

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In communities along Colorado’s Front Range, more men of “prime age” are employed than their female counterparts, with the gap widening over the last 15 years, according to a recent American Community Survey.

The survey’s estimates are based on data collected from 2009 to 2013 and analyzed by the New York Times.

Of the 61,196 women between the ages of 25 and 54 living in Boulder County, 76 percent are employed – which is higher than the national average of 30 percent. By comparison, 88 percent of the 62,641 men in the same age group living in Boulder County are employed, according to the survey.

Many other Front Range counties are experiencing a similar discrepancy, with the percentage of “prime age” women ranging from the low- to mid-70 percent,

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Boulder (Boulder County) and Fort Collins are once again flexing their high-tech muscles, earning top 10 mention on NerdWallet’s list of America’s Most Innovative Tech Hubs.

Boulder earned a No. 2 ranking behind San Jose, Calif., and Fort Collins came in at No. 6. Two other Colorado metros were ranked in the top 25: Denver came in at No. 14 and Colorado Springs at No. 25.

“If startups beget startups, Boulder area residents should expect to see even more growth in innovation,” NerdWallet reports. ”Boulder came through with the highest density of startups in our study — six times the national average.”

Recognizing Boulder’s TechStars, a startup incubator similar to Silicon Valley’s Y Combinator, NerdWallet says, “Boulder still has a ways to go

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This week RE/MAX of Boulder radio talks about multi-family units and what you need to know about making these kind of investments.  To get all of the facts straight, Duane Duggan hosts Kyle Malnati with Malnati Properties.  

The multi-family market has been doing quite well in the past few years and has been especially strong in the last year.  There has been a huge jump in average price for each unit between 2013 and 2014 and now it is noted that there is a shortage of inventory on the market in the Denver area.  In addition,  it appears that most transactions are happening off the market.  In this kind of market, Malnati advised us, it is important to keep alert for properties on the market and off the market but for different reasons.  


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