RATES FALL SLIGHTLY ON FOMC ANNOUNCEMENT
December 19th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, Relocating, Selling Thoughts, Trends
Mortgage interest rates fell slightly this past week as the Fed cut the discount rate by 75 basis points at the conclusion of its FOMC meeting on Tuesday. Additionally, the Federal Reserve stated that they would purchase large quantities of agency debt and mortgage backed securities to support the mortgage and housing markets. The yield
Written by Brody Stinson | Discussion: No Comments »
RATES FALL AGAIN ON NEGATIVE ECONOMIC DATA
December 13th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, Relocating, Selling Thoughts, Trends
Interest rates fell slightly again this week on continued negative economic data. October Wholesale Inventories and weekly jobless claims were much weaker than expected. November Retail Sales fell 1.8%. Excluding automobile sales, Retail Sales were down 1.6%. The November Producer Price Index (PPI) fell 2.2% on expectations that it would fall 1.8%.Excluding the food and
Written by Brody Stinson | Discussion: No Comments »
Boulder Colorado Committed to Affordable Housing
December 10th, 2008 Categories: Buyer's Corner, Colorado Round Up, First Time Buyers, Focus on Boulder
The city of Boulder is committed to offering housing to people that could NOT afford a home in today’s market. Boulder offers home ownership to those with low or moderate incomes. In order to make home ownership possible to people of lesser means, Boulder offers assistance. To qualify for the various programs, incomes and assets must
Written by Ro Troia | Discussion: No Comments »
RATES CONTINUE TO FALL ON ECONOMIC DATA
December 5th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, Relocating, Selling Thoughts, Trends
Mortgage interest rates fell slightly on the week on continued negative economic data.
Todays November employment report showed job losses of 533,000 on expectations that 320,000 jobs would be lost. The unemployment rate was reported at 6.7% on expectations of 6.8%. The ISM Manufacturing Index and the ISM Services Sector Index were weaker than expected. October
Written by Brody Stinson | Discussion: No Comments »
RATES INCREASE DESPITE FALL IN TREASURY YIELDS
November 25th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, Relocating, Selling Thoughts, Trends
Mortgage interest rates increased slightly this past week despite the yield on the US Treasury 10 year note falling from 3.71% to 3.174% currently. This is the biggest weekly drop in the 10 year note since the stock market crash of 1987. Money continues to flow into safe Treasury debt with short-term yields nearing zero
Written by Brody Stinson | Discussion: No Comments »
The Price Is Right; How To Sell Your Home In A Buyers Market
November 23rd, 2008 Categories: Buyer's Corner, First Time Buyers, Focus on Boulder, Market Conditions, Trends
People are always asking me how my career is going with the “bad” real estate market. I always answer that I’m doing just fine and state that it’s not a bad market in Boulder county - it’s a buyer’s market. I’ve stayed busy showing buyers homes and closing some pretty good deals. As for sellers,
Written by Julie Johnson | Discussion: No Comments »
RATES INCREASE SLIGHTLY ON TREASURY DEBT AUCTIONS
November 14th, 2008 Categories: Buyer's Corner, Colorado Round Up, First Time Buyers, Focus on Boulder, Market Conditions, Real Estate Tales, Relocating, Selling Thoughts, Trends
Today’s Market Commentary:
Interest rates increased slightly this past week as the US Treasury auctioned off $55 billion of debt. Economic data continued to be negative. Weekly jobless claims jumped by 32,000 claims on expectations that claims would actually fall by 2,000. Continuing claims increased to 3.9 million from 3.84 million the previous week. October Retail
Written by Brody Stinson | Discussion: No Comments »
Mortgage Market Update
November 11th, 2008 Categories: Buyer's Corner, First Time Buyers, Market Conditions, Selling Thoughts, Trends
Today’s Market Commentary:
RATES FALL
ON WEAK ECONOMIC DATA
Interest rates improved this week on generally weaker than expected economic data. Today’s employment report for October showed job losses of 240,000 on expectations of 200,000 lost jobs. The unemployment rate increased 0.4% to 6.5% on expectations that it would increase to 6.3%. The October ISM Manufacturing Index was
Written by Brody Stinson | Discussion: No Comments »
First Time Home Buyers on The Rise
November 11th, 2008 Categories: Buyer's Corner, First Time Buyers, Trends
According to the National Association of Realtors, NAR, the number of first time home buyers is definitely on the rise. The number rose from 39% to 41% in 2007. What do we attribute this to?
Several factors:
Written by Ro Troia | Discussion: 1 Comment »
Anthem Highlands Offers Unbeatable Amenities
October 27th, 2008 Categories: Buyer's Corner, Colorado Round Up, First Time Buyers, Relocating
Broomfield, Colorado is the home of Anthem Highlands development. Here you will find new homes, all styles, ranch, two story, stucco, frame and stone.
The oldest homes are only 2 years old! Prices start from the low $400’s and up, the mountain views will take your breath away, there’s green space, parks and the most fantastic
Written by Ro Troia | Discussion: No Comments »
