Everyday has news in the real estate financing world. The conforming loan limit in Boulder County is now $460,000 instead of $417,000. While this won’t be much help for the upper prices ranges, it is a step in the right direction for helping getting homes sold.
Archives for February 2009
Boulder CO Standard Metropolitan Statistical Area ranks 17th in house price appreciation, out of 381 SMSAs. According to www.ofheo.gov, for the end of the year 2008, the Boulder SMSA had 2.99% appreciation. If you’re wondering where #1 is……..Decatur AL at 6.58%. It is interesting to note that the Boulder SMSA also includes Longmont. Longmont has had […]
The Boulder County Foreclosure rate is reported to be the lowest in the Denver Metro area. For Colorado, foreclosures were down 16% in 2008, compared to 2007. There could be a variety of reasons for this. The foreclosure hotline mentioned earlier in this blog could be helping. In Boulder, the market just stays stronger, even […]
The Apartment Association of Metro Denver just published in their Member Directory a vacancy survey through the 3rd quarter of 2008. the survey is compiled by Gordon Von Stroh. In the 3rd quarter of 2008, the lowest vacancy rate reported was 1.1% in the area around the University of Colorado. The rest of the city […]
The first time home buyer tax credit was increased from $7500 to $8,000 AND the repayment feature was dropped if the buyer holds on to the property for at least 3 years. This credit is only for first time buyers, defined as someone who hasn’t owned a home in the last 3 years. The income […]
FNMA announcement! Recently FNMA had cut back real estate investor financing to a maximum of 4 properties per investor. Today, they announced that they are going back to the old rule of 10 per investor. This is a huge move, enabling qualified investors to absorb many of the unattended foreclosure properties across the country. This […]