Gale

Weekly Mortgage Update – 4.4.2011

Posted On April 4th, 2011 by Gale | Comments Closed

Straight Stats

Mortgage interest rates increased slightly this past week on mixed economic data. Today’s employment report for March showed that non-farm payrolls increased by 216k on expectations that they would increase by 185k. Non-farm private payrolls increased by 203k, in line with expectations. The unemployment rate fell to 8.8% on expectations that it would remain unchanged at 8.9%. February Personal Income increased 0.3%, in line with expectations, and February Personal Spending increased 0.7% on expectations that it would increase by 0.5%. January Pending Home Sales increased 2.1% on expectations that sales would increase 0.3%. Year over year, though, pending home sales fell by 8.2%. The Chicago Purchasing Managers index was stronger than expected. Economic data weaker than expected included March Consumer Confidence, February Factory Orders, the March ISM Manufacturing Index, and February Construction Spending.

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Lew

Wright Kingdom Celebrates 35 Years!

Posted On April 1st, 2011 by Lew | Comments Closed

It is with pride and anticipation that Wright Kingdom Real Estate marks its 35th year providing service in Boulder County real estate on April 1, 2011. I recall that my first listing in 1970 was a 3 bedroom house in Martin Park for $15,000. Now inflation would raise the price of that house to around $350,000. The last four decades tell a story about growth in and around Boulder.

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Jan

Home Sales Increase

Posted On February 9th, 2011 by Jan | Comments Closed

NAR reports at 16% increase in home sales over last month. Great news that hopefully is another sign that prices have bottomed out and we’re on the way back. Boulder was recently name one of the top improving markets in the country, right up there with Washington DC. In our Boulder office, Wright Kingdom’s sales volume is almost double that of this time last year. Homes are selling. 2011 is the year the market makes a come back. If there’s a new home in your future, now is the time. “Nobody can predict the future. The idea is to keep a firm grasp of the present.” (Peter Drucker)

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Grace

Demand for Housing Will Increase in 2011

Posted On December 22nd, 2010 by Grace | Comments Closed

Both Fannie Mae and the National Association of Realtors (NAR) are expecting an increase in home sales in the next year. A big reason for that is the Pending Home Sales Index from NAR  showed a significant 10.4% month-over-month increase.

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Gale

Quarterly Econmic Report – Q3 2010

Posted On October 12th, 2010 by Gale | Comments Closed

This quarter we focus on national data and less on Colorado. Little has changed locally, and the national picture is confusing and widely mis-described.

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Gale

Weekly Mortgage Update – 9.27.10

Posted On September 27th, 2010 by Gale | Comment (1)

Straight Stats

Mortgage interest rates improved slightly this past week as the Fed indicated that it “is prepared to provide additional accommodation to support the economic recovery” at the conclusion of its FOMC meeting. It is implying that it is prepared to purchase more Treasuries to help keep interest rates low if the recovery stalls. Economic data was mixed. August Housing Starts and Building Permits improved substantially, but from weak levels in July. August Existing Home Sales were better than expected but are at their second lowest level since 1997. August Durable Goods Orders were in line with expectations. Excluding transportation orders, though, durable goods orders increased more than expected. Weekly jobless claims increased more than expected and August New Home Sales were weaker than expected.

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Grace

No Stimulus, No Worries

Posted On September 17th, 2010 by Grace | Comment (1)

If you were able to take advantage of a federal stimulus package earlier this year, great. But even if you missed the window for a Home Buyers Tax Credit, you can still take advantage of a once-in-a-lifetime opportunity for home ownership. Consider: Read the rest of this entry »

 
Grace

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 »

 
Grace

Pending Home Sales Surge Continues

Posted On June 2nd, 2010 by Grace | Comment (1)

Over the last three months, pending home sales have consistently risen, most likely in response to the impact of the home buyer tax credit and positive houseing affordability conditions, according to the National Association of Realtors.

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Grace

Geri Oliveira in the New York Times

Posted On May 14th, 2010 by Grace | Comments Closed

Wright Kingdom agent, Geri Oliveira, was featured in the New York Times article “What You Get for… $450,000″ in the Great Homes and Destinations section.

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