Pending Home Sales Continue To Rise
June 15th, 2009 Categories: Buyer's Corner, First Time Buyers, Focus on Boulder, Market Conditions
For the third consecutive month, pending home sales in Boulder County Colorado have continued to increase. Lawrence Yun, National Association of Realtors, chief economist, said buyers are responding to very favorable market conditions. “Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market,” he said. “Since first-time buyers must finalize their purchase by November 30 to get the credit, we expect greater activity in the months ahead, and that should spark more sales by repeat buyers.” Click here to read more.
The Pending Home Sales Index, a forward-looking national indicator based on home contracts signed in April, 
rose 6.7 percent to 90.3 from a reading of 84.6 in March, and is 3.2 percent above April 2008 when it was 87.5.
Boulder and Broomfield counties had 6 percent more home sales in April than in March, according to recent Boulder Area Realtor Association reports. However, the Boulder-area’s April home sales remained down — at 38 percent — from April 2008. Buyers who were brave enough to dive into the market took advantage of prices that were 15.4 percent below year-ago levels.
Boulder Colorado has numerous home-ownership assistance programs and this contri
butes to the rise in sales. One of the programs available for the City of Boulderis through the division of housing. This department supports a community of diversity including those unable to buy or rent a home. Because of its beautiful location, Boulder home prices are high comparatively, making it difficult for some Boulder natives to be able to stay in the city, even though that’s where they work. Some options include down payment assistance, homebuyer training, and affordably priced homes. To learn more, call the Troia Team for information.
