October 2015

Found 12 blog entries for October 2015.

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

Mortgage interest rates increased this past week despite the Fed leaving the Fed Funds rate unchanged at the conclusion of its FOMC meeting.  However, the Fed changed their statement from the global economy “may restrain economic activity somewhat” to they will just be monitoring the situation.  This has led some in the markets to believe that the decline in global economic growth is not as much of an issue now for the Fed.  Markets believe that there is a 50/50 chance of a rate increase in December.  Economic data, though, was mostly weaker than expected.  Economic data weaker than expected included September New Home Sales, September Durable Goods Orders, Consumer

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Having been recently installed as Immediate Past President of the Boulder Area REALTOR® Association (BARA), I am happy to report that the year during my term as President was a very good one! Is that because the Boulder market is so hot or because REALTORS® in Boulder are busier than ever, you ask? Those things are definitely true, but that is not what I am talking about.

The theme for my year as Board President was “Gratitude and Giving Back.” After all, REALTORS® are a caring part of this community and we are dedicated to making it stronger: we live here, raise our kids here; we care about schools, the environment, and all of the things that go along with living in one of the most beautiful places in the U.S. I am a firm believer that giving back to

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450 S. 39th Street, Boulder                 OPEN SUNDAY 11:30 AM – 1:30 PM     Steve Altermatt

6634 Tenderfoot Ave., Firestone        OPEN SATURDAY 12 – 2 PM       Gene Hayden/John Hickey                                                       

1876 Tyler Ave., Louisville                 OPEN SUNDAY 12 – 2 PM             Dale Pearson    

819 W. Mulberry, Louisville                 OPEN SUNDAY 12 – 2 PM            Andrea Farinacci    (coming soon)

4983 Clubhouse Ct., Boulder              OPEN SUNDAY 12 – 4 PM             Michael Rebich                                       

3731 19th St., Boulder                         OPEN SUNDAY 1 – 4 PM               Patrick Dolan
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By Jessica Shanahan, Premier Lending LLC adapted from the Shirmeyer Rate Market Report.

Mortgage interest rates were mostly flat on the week as economic data was limited.  Of note, the October NAHB Housing Market Index, September Housing Starts, Jobless Claims, and September Existing Homes Sales were better than expected.  September Building Permits, the August FHFA Home Price Index, and September Leading Economic Indicators were weaker than expected.  Also of note, the IMF lowered its global growth forecast to 3.1% from 3.3% in July.  In China, Q3 GDP grew by 6.9%, the first time it has been under 7.0%.  China is lowering its benchmark rate again to hopefully stimulate its economy.  The European Central Bank may increase monetary stimulus at its

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photo courtesy of BizWest

“Climb Higher – Real Estate at the Next Level” ” is the theme for the eighth annual Boulder Valley Real Estate Conference and Forecast, set for Nov. 18, 2015.

Presented by BizWest and Re/Max of Boulder, Inc., the event offers an intensive schedule of national keynote speakers and local real estate experts providing perspective on mortgage rates, residential trends, commercial activity, and current real estate and appraisal issues in Colorado and Boulder County.

Commercial real estate experts will examine commercial developments since 2014, address concerns about commercial space, and highlight trends in development and revitalization – including a rundown of current and upcoming projects.  Residential real estate experts will focus on the impact

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Fall is officially here, bringing a chilling seasonal slowdown to month-over-month residential real estate sales in the Boulder area, made evident by declining statistics for September.   

But year-to-date sales in Boulder County tell a story that surpasses the typical, showing strong growth that continues to outperform 2014 and is on track to deliver a strong yearend.

Month-over-month single-family home sales for September 2015 were hit hardest, dropping 25.7 percent – 382 homes sold compared to 514 in August.

Condominium and townhome month-over-month sales also slid, dipping 5.4 percent with 139 and 147 units sold in September and August, respectively.

Despite the September decrease, year-to-date single-family home sales grew 11.4 percent

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Here in Boulder County home sales continue to soar, aided in part by spectacular fall weather punctuated by sunny, blue sky days and late season color.

But these glorious weather days will wane soon as the air turns colder and autumn color fades.

As the winter scape settles in, warm your homes appeal with these crisp fall tips from Bradley Tuttle’s Real Estate Update – adapted to suit our Colorado climate.

Roll out the welcome mat with fall decorations

Decorate your home with mums, pumpkins, gourds and scarecrows now and enhance your curb appeal all the way through Thanksgiving. The simple addition of a new fall welcome mat instantly adds a homey touch and gives potential buyers a place to wipe their feet as wetter weather arrives.

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

Mortgage interest rates improved slightly this past week as economic data was mixed.  Economic data stronger than expected included Jobless Claims, September Industrial Production, September Capacity Utilization, and the October mid-month University of Michigan Consumer Sentiment Index.  Jobless Claims fell to their lowest level since 1973.  Economic data weaker than expected included September Retail Sales excluding automobile sales, the October Empire State Manufacturing Index, and the October Philadelphia Fed Business Index.  Inflation data continues to be tame with the September Producer Price Index (PPI) down 0.5% and the September Consumer Price Index (CPI)

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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 economic data was limited.  Economic data stronger than expected included the August U.S. Trade Deficit and weekly jobless claims.  Economic data weaker than expected included the September ISM Service Sector Index.  Inflation data continues to be tame.  September Import Prices were down 0.1% and year over year are down 10.7%.  September Export Prices were down 0.7% and year over year are down 7.4%.  The Treasury auctioned $58 billion of 3-Year Notes, 10-Year Notes, and 30-Year Bonds which were met with reasonably strong demand.  A majority of economists expect a Fed rate hike at the December 15-16 FOMC

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Boulder claimed the No. 5 spot on Livability’s 2016 Top 100 Places to Live, ranking among the study’s top 10 small- and mid-size cities to live in for the third consecutive year. 

Livability.com assessed greater than 40 data points for more than 2,000 cities with populations between 20,000 and 350,000. Based on data by EMSI, the rankings were determined in collaboration with urbanist Richard Florida and Professor Steven Pedigo from the New York University School of Professional Studies' Initiative for Creativity and Innovation in Cities.

Boulder is noted for pristine natural surroundings, plenty to do season-round, a vibrant farm-to-table restaurant scene built on a strong organic food movement, dynamic cultural activities and excellent schools.

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