We all had such a great time at Wright Kingdom’s 35th Anniversary party! The food was excellent, the setting was fantastic, and as always the people were the best! It is always great to take a moment and reflect on where you’ve been and how far you’ve come. Congratulations to Wright Kingdom Real Estate and all of the countless people who have helped make it a success for over 35 years!
Weekly Mortgage Update – 4.4.2011
Posted On April 4th, 2011 by Gale | Comments ClosedStraight 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.
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.
Weekly Mortgage Update – 3.28.2011
Posted On March 28th, 2011 by Gale | Comments ClosedStraight Stats
Mortgage interest rates increased this past week as markets reversed their flight to quality moves associated with the earthquake in Japan and Middle East unrest. Economic data was generally weaker than expected. Housing data was weak. February Existing Home Sales fell 9.6% on expectations that they would fall by 4.5%. February New Home Sales fell 16.9% on expectations that they would increase by 1.0%. New Home Sales fell to an annual rate of 250k units, its lowest level since 1962. Year over year, new home sales have fallen 8.9%. February Durable Goods Orders increased 0.9% on expectations that they would increase by 1.1%. Excluding transportation orders, Durable Goods Orders fell by 0.6% on expectations that they would increase by 1.8%. The University of Michigan Consumer Sentiment Index fell to 67.7, its lowest level since November of 2009. Weekly jobless claims fell slightly more than expected.
Weekly Mortgage Update – 2.28.11
Posted On February 28th, 2011 by Gale | Comments ClosedStraight Stats
Mortgage interest rates improved slightly on the week on a flight to safety as a result of unrest in the Middle East. Economic data was mixed. Economic reports better than expected included February Consumer Confidence, January Existing Home Sales, weekly jobless claims, and the University of Michigan Consumer Sentiment Index. The February Consumer Confidence Index increased to 70.4, its highest level in three years. Economic reports weaker than expected included January Durable Goods Orders and the second look at Q4 GDP. Q4 GDP was expected to be revised upward to +3.3% from +3.2%. As reported, though, Q4 GDP fell to +2.8%. Also of note, the Treasury Department auctioned $99 billion of 2 Year Notes, 5 Year Notes, and 7 Year Notes. The auctions were met with somewhat soft demand.
Featured Listing – 10600 Fourmile Cyn, Boulder CO
Posted On February 25th, 2011 by Grace | Comments ClosedWe’re featuring a sunny and warm mountain home today, 10600 Fourmile Cyn, listed by Chuck Oppermann. In the historic Sunset community on Switzerland Trail, this Colorado mountain western home is truly a gem. I asked Chuck to tell us a little bit more….
Weekly Mortgage Update – 2.21.11
Posted On February 21st, 2011 by Gale | Comments ClosedStraight Stats
Mortgage interest rates improved slightly on the week on mixed economic data. Economic data weaker than expected included January Retail Sales, January Building Permits, January Industrial Production, January Capacity Utilization, and January Leading Economic Indicators. Economic data stronger than expected included December Business Inventories, January Housing Starts, and the February Philadelphia Fed Business Index. Inflation data was slightly higher than expected. The January Producer Price Index (PPI) increased 0.8% on expectations that it would increase 0.7%. Excluding the food and energy components, core PPI increased 0.5% on expectations that it would increase by 0.2%. This is the largest month over month increase in core PPI since October of 2008. The Consumer Price Index (CPI) increased 0.4% on expectations that it would increase 0.3%. Core CPI, excluding food and energy, increased 0.2% on expectations that it would increase 0.1%.
Weekly Mortgage Update – 2.14.11
Posted On February 14th, 2011 by Gale | Comments ClosedStraight Stats
Mortgage interest rates increased slightly on the week without much new economic data for markets to digest. Of note, weekly jobless claims fell by 36k to 383k filings, its lowest level since July of 2008. December Consumer Credit increased by $6.1 billion on expectations that it would increase by $2.5 billion. The December Trade Balance came in at a deficit of $40.58 billion, in line with expectations. The University of Michigan Consumer Sentiment Index came in at 75.1, an eight month high. Also of note, the Treasury auctioned $72 billion in 3 Year Notes, 10 Year Notes, and 30 Year Bonds. Overall, the auctions were met with mixed demand.
Return on Investment
Posted On February 11th, 2011 by Jan | Comments ClosedReal Estate is still the best long term investment out there. Buy something now for a goal 10-15 years out? You bettcha! Read the rest of this entry »
Outlook 2011: Boulder County Real Estate Market
Posted On February 10th, 2011 by Martin Sugg | Comments ClosedPredictions for our local real estate market in 2011 are mixed. A February 4th article in the Boulder County Business Report reinforces forecasts from last fall (see article in Forbes) that in spite of an improved economy overall housing has its continued challenges. On the bright side our Colorado housing market is showing signs of resilience compared to other parts of the country.
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