I have just listed a classic stand alone office building one block off of 28th Street, Boulder. Built in 1932 this building is a former dentist building. 11 spaces with a detached garage make it easy for client visits. Priced at $770,000 ($288 per SF) this is a perfect building for an owner user and with a 10% down SBA loan there is a compelling argument that it is better than leasing.
New Listing – Office Building For Sale – 2669 Spruce St. Boulder, CO
Posted On July 22nd, 2011 by Eric | Comments Closed
Featured Listing – 842 13th St. Boulder, CO
Posted On July 20th, 2011 by Jeremiah | Comments ClosedThis week we are featuring a gorgeous upscale home located in the Upper University Hill neighborhood of Boulder. This elegant home was renovated in 1998, and is just a short walk away from Chautauqua Park. I asked Portia Husted to tell me more about this fabulous home… Read the rest of this entry »
Weekly Mortgage Market Update – 7.18.2011
Posted On July 18th, 2011 by Gale | Comments ClosedStraight Stats
Mortgage interest rates were mostly flat on the week as uncertainty regarding the US debt ceiling and European debt crisis continue. The minutes from the recent FOMC meeting were released. The Fed indicated unusual uncertainty regarding the outlook for employment and inflation. The Treasury auctioned $66 billion in 3-Year Notes, 10-Year Notes, and 30 Year Bonds, which were met with strong demand by the markets. Economic data of note included the May Trade Balance. The trade deficit increased to $50.23 billion, the largest trade deficit since October of 2008. The July University of Michigan Consumer Sentiment Index fell to 63.8, its lowest level since March of 2009. The July New York Empire State Index indicated contraction at a reading of -3.76 on expectations that the index would increase to 1.0. June Retail Sales increased 0.1% on expectations that sales would be unchanged. Read the rest of this entry »
Don’t Forget To Vote For Wright Kingdom Real Estate As The Best of Boulder County 2011!
Posted On July 15th, 2011 by Jeremiah | Comments Closed
Featured Listing – 225 Broken Fence Road Boulder, CO
Posted On July 13th, 2011 by Jeremiah | Comments ClosedThis week we are featuring a very special Boulder mountain home. This contemporary style home is just minutes from Boulder, and located on one acre near the beautiful Betasso Preserve. I asked Pam Kane to tell us more… Read the rest of this entry »
Weekly Mortgage Market Update – 7.11.2011
Posted On July 11th, 2011 by Gale | Comments ClosedStraight Stats
This morning’s payroll data are so much worse than any forecast that markets can’t digest the news. The 10-year T-note is falling toward 3.00% today, down from 3.14% before the announcement; but the Dow is off only 110, and mortgages little changed. “Non-farm payrolls,” the count from the Bureau of Labor Statistics’ “establishment survey” of large companies and government, found only 18,000 new jobs in June versus expectations for 150,000+. April and May were revised down 45,000 jobs, and hourly earnings actually declined .1%. The “household survey” was worse, the “employed” diving by 445,000 people. Those who insisted that the Fed’s QE “money-printing” would result in inflation hav been mistaken: prices may rise on some items, but “inflation” is impossible without sustained growth in incomes. These employment reports are notorious for large revision, and part of the modest reaction in markets is simple disbelief. Other data was not so bad, but soggy: the service-sector ISM slipped to 53.3 in June from 54.6, but is still in positive ground. Read the rest of this entry »
Wright Kingdom’s 5 Star Real Estate Agents
Posted On July 8th, 2011 by Jeremiah | Comments ClosedWright Kingdom wishes to recognize our agents who have been awarded 5280 Magazine’s Five Star Real Estate Agent award for 2011! The selection process included recommendations by recent home buyers, reviews by mortgage and title companies, and a blue ribbon panel of local industry experts. Only 7% of agents in the Denver area were awarded this esteemed honor.
Featured Listing – 25 Alpine Way Boulder, CO
Posted On July 6th, 2011 by Jeremiah | Comments Closed Weekly Mortgage Market Update – 7.5.2011
Posted On July 5th, 2011 by Gale | Comments ClosedStraight Stats
Markets reversed this week, stocks and rates both rising fast. The immediate cause: Greece back from the brink. Not for long. Deeper causes: last week stocks stared at the darkness below S&P 1256, a bottom that has held since last Halloween, and have run up to 1331 on the bodies of short-sellers forced to cover. The 10-year T-note bottomed at 2.91% last week after a straight-line drop from 3.60% on April 12; this week’s bolt to 3.20% was overdue, ditto mortgages to 4.875%. The coup de grace: the June ISM rose to 55.3, beating forecast. The newest housing data has showed signs of bottom in price, delinquency, and sales volume. However, three questions apparently too impertinent to pose at the press conferences of either the Fed Chairman or the President: 1. How much distressed housing inventory has accumulated? 2. How fast are distressed homes selling versus new ones arriving? 3. If… if they are selling faster than piling up, but at a rate that will not clear for a decade or two, what are we going to do about it? Read the rest of this entry »
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