August 2017

Found 4 blog entries for August 2017.

As summer activities reach their July peak, home buying in Boulder County wanes, succumbing to the allure of family vacation, uninterrupted play time, and preparing for the start of school.  

Photo courtesy of Robson Hatsuka Morgan on Unsplash

Sales of single family homes in the Boulder-area markets dropped 13.5 percent in July 2017 compared to June with 448 homes sold vs. 518. Condominiums and townhomes July 2017 sales also slowed, decreasing 7.1 percent – 130 units sold vs. 140. 

“It’s pretty typical to see a slowdown in sales at the beginning of the third quarter, so this reflects the trend of past years. In July, people focus less on home buying and more on summer vacations,” says Ken Hotard, vice president of public affairs for the Boulder

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Colorado ranks No. 5 in the U.S. for making a living, according to MoneyRates’ Best Places to Make a Living 2017 List.

Shooting up three positions from last year’s position, Colorado has been among MoneyRates’ top ten since 2011 –- ranking No. 8 in 2016, No. 7 in 2015, No. 4 in 2014 and No. 3 in 2013.  

Photo courtesy of Krait Herzog, Unsplash
Photo courtesy of Krait Herzog on Unsplash

High wages and low unemployment continue to factor strongly in Colorado’s position. This year the state has the lowest unemployment in the nation at 2.6 percent.

According to MoneyRates, national unemployment is down below 5 percent and wages are beginning to rise. But some states unemployment rates are more than twice as high as others. The highest-paying states have median wages that are about

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The following article is a summary of content from the book, “Realtor for Life,” written by RE/MAX of Boulder Realtor and Author Duane Duggan.

Buying a rental property when a baby is born is a great way to save for college. If you buy a rental property with a 15-year mortgage when your child is born, it will be paid off and you’ll have three extra years to decide how to use this investment by the time your child is 18 and ready to go to college.

The property could be sold, the taxes paid, and gains from the sale used as cash for college. Or, you could refinance it to pull cash out -- tax-free -- and use the cash for college. You could even keep the property free and clear to rent out, and just use the monthly cash flow to pay for college

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Colorado’s economy is among the strongest in the nation, in fact outperforming the nation as a whole in 2016, report analysts with the Business Research Division at the CU Leeds School of Business.

Given the state of the nation’s economy, that is saying a lot. The United States is currently experiencing the longest economic expansion following a major economic contraction in its history, according to the Mid-Year Economic Outlook published in the Colorado Business Review by CU Leeds Business Research Division.

The nation’s economy overall is strong: the country is at full employment with an unemployment rate of 4.3 percent personal income grew 3.4 percent in 2016 and asset values are up.

Colorado's unemployment rate underscores the robust

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