Today we are featuring an amazing custom home in Boulder, Co, 3345 Broadway (off Bdwy) #2, $619,000. I spoke with the listing agent, Bruce Drogsvold to get a little more information about this stunning home.
Featured Listing – 3345 Broadway (Off Bdwy) #2, Boulder CO
Posted On August 31st, 2010 by Grace | Comments Closed
Weekly Mortgage Update – 8.30.10
Posted On August 30th, 2010 by Gale | Comments ClosedStraight Stats
Mortgage interest rates were mostly flat on the week despite generally weaker than expected economic data. Of note, July Existing Home Sales fell 27.2% to its lowest level since June of 1995 on expectations that sales would fall by 13.0%. Year over year, sales were down 25.5% and there is now a 12.5 month supply of existing homes. July New Home Sales were expected to increase by 3.0%. Instead, sales fell by 12.4%. There is now a 9.1 month supply of new homes. July Durable Goods Orders increased by only 0.3% on expectations that orders would increase by 3.0%. Excluding transportation orders, durable goods orders fell by 3.8% on expectations that they would increase by 0.5%. The University of Michigan Consumer Sentiment Index was slightly weaker than expected, reported at 68.9 on expectations of 70.0. On a positive note, weekly jobless claims fell by 31k on expectations that they would only fall by 15k.
Commentary
Colorado: Top in Rankings for Business
Posted On August 25th, 2010 by Grace | Comments ClosedColorado is not only a nice place to live. It’s also a good place to work. A recent Portfolio.com study identified the country’s ten best mid-size markets for businesses. Fort Collins and Colorado Springs took third and secenth place respectively, while Boulder took top honors as the number one mid-size business market in the country today.
Featured Listing – 3701 Arapahoe Ave #205, Boulder, CO
Posted On August 24th, 2010 by Grace | Comments ClosedToday we are featuring a completely customized, almost new loft with a den/study in Boulder’s Peloton, 3701 Arapahoe Ave #205, Boulder, Colorado, listed at $315,000. I spoke with the listing agent, Lew Kingdom, and asked him to tell us a little more about this great property.
Weekly Mortgage Update 10/23/10
Posted On August 23rd, 2010 by Gale | Comments ClosedStraight Stats
Mortgage interest rates improved slightly again this past week on mixed economic data. Economic data weaker than expected and supporting lower interest rates included weekly jobless claims and the Philadelphia Fed Business Index. Weekly jobless claims were expected to fall by 9k but instead increased by 12k. The August Philadelphia Fed Business Index was expected at +7.5 but actually came in at negative 7.7. Any reading below zero indicates contraction. Also of note, July Housing Starts increased but not as much as expected. July Building Permits fell 3.1% on expectations that they would fall by 2.3%. On a positive note July Industrial Production and Capacity Utilization were both better than expected. The July Producer Price Index (PPI) was in line with expectations. Core PPI, excluding the food and energy components, was up 0.3% on expectations that it would be up 0.1%.
Four easy fixes for DIYers
Posted On August 18th, 2010 by Grace | Comments ClosedLynda Lyday a carpenter, professional contractor, and featured expert on the DIY cable network provides dozens of simple fixes for common household problems in her book, The Homeowners Manual (Que Publishing, 2006, $17.99 from amazon.com). This remains one of the best manuals for homeowners who want to save some money by tackling simple fixes themselves. Here’s a sample of what you’ll find:
Featured Listing – 2002 Hollyhock Ct, Longmont CO
Posted On August 17th, 2010 by Grace | Comment (1)Today we are featuring a fantastic listing in Longmont by Pam Kane, 2002 Hollyhock Ct. This home is on a quiet cul-de-sac in Somerset Meadows and has gorgeous landscaping. I spoke to Pam today and asked her a few more questions about this great home.
Weekly Mortgage Update
Posted On August 16th, 2010 by Gale | Comments ClosedMortgage interest rates improved slightly this past week largely driven by the FOMC policy statement. The statement indicated that the economic recovery has slowed and is likely to be “more modest in the near term than had been anticipated”. As a result the Fed said that it will reinvest principal payments from the $1.25 Trillion in Mortgage Backed Securities that it holds back into longer-term Treasury securities. This is referred to as quantitative easing, which hopefully will help keep rates low on longer term debt in the near term. Economic data of note included weekly jobless claims, which increased on expectations that they would fall. July Retail Sales were in line with expectations. The July Consumer Price Index (CPI) increased slightly more than expectations. Year over year, though, CPI is up only 1.2% indicating very little inflation. The Treasury auctioned $74 billion in debt this past week. Overall, the auctions were met with strong demand.
Featured Listing – 15182 County Rd 1, Longmont, CO
Posted On August 13th, 2010 by Grace | Comments ClosedThis week, we are featuring a new listing in Longmont from Jim Green, 15182 County Road 1. This piece of property is a very special and rare opportunity to own amazing land with GREAT potential. I talked to Jim about the property and he gave me a little more information.
Still Living the Dream
Posted On August 11th, 2010 by Grace | Comment (1)According to a recent Fannie Mae National Housing Survey, the American Dream is alive and well despite a difficult economy and the recent housing downturn. Survey results showed that: Read the rest of this entry »
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