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 […]
Vacancy Rates in Boulder are the lowest in the metro area
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 […]
Changes to First Time Home Buyer Tax Credit!
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 […]
Real Estate Investor Financing-FNMA back to 10 properties
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 […]
Upgrading to your next home in a “down” market-it’s time
Why buy up in today’s “down” market? Today’s market provides the perfect environment for upgrading your home. A simple example of how this works is shown below: Sell a $300000 house that has gone down 10%=30000 Loss of $30,000 Buying a $600000 house that has gone down 10%=60000 Save $60,000 Net effect to a buyer […]
Happy New Year!
The New Year has kicked off with a surge of activity. I think buyers have finally realized it is time to jump off “the fence” and take advantage of low rates and low prices. Today, for a conforming loan, interest rates are under 5% with no points. Jumbo loans are still high 7 or low […]
Qualified Intermediary for 1031 Exchanges
There has been a lot of recent news regarding 1031 Qualified Intermediaries (QI)and the fact that some some them have lost their clients exchange money. The basic issue is that these companies are not currently regulated by anyone. Some of the QIs invested their clients funds in not so safe investments and the money was lost in […]
Interest Rates At the lowest point in years
You’ve probably been hearing speculations in the news about crazy low interest rates which may or may not happen and even if they do get into the “4’s”, those rates will most likely be for new purchases only. What we DO know is what rates are today and they are ridiculously low!!! The lenders who […]
Fall Forecast Report
RE/MAX of Boulder, The Colorado Group and The Boulder County Business Report hosted the first annual Real Estate Conference and Fall Forecast at the CU stadium Club Level on November 20, 2008. Some of the most exciting news came from Tracy Harlow from Conoco-Phillips. Tracy said the Louisville site is planned to be a “signature site”. They really want […]
First Time Home Buyer Tax Credit
The Housing Assistance Act of 2008 provided for first time homebuyers a temporary refundable tax credit equal to 10% of the purchase price of a home, up to a maximum of $7500. However, if a taxpayer’s adjusted gross income is in excess of $75000 ($150000 for a joint return) the credit will be phased out. The […]