2011 Experienced an all time low for mortgage rates, but what should we expect to see in 2012?

According to industry experts and analyst we should see a very similar pattern for rates.  In Boulder County we are seeing extremely strong activity starting this year, but the country as a whole still has pockets of instability in the housing market.  Unemployment is also still high, which is also keeping folks on the sidelines.  

The home lending industry totaled $1.3 Trillion dollars in 2010 as compared to $3.3 trillion in 2005 at the peak, a fall of over 60%.  The $1.3 Trillion also had more to do with refinancing than it did with home purchases.  In December 4 in 5 mortgage applications were for refinances.

Experts are expecting much of the same

Here is the latest economic update from our good friend Dan Johnson with RE/MAX Alliance in Louisville, CO.  Dan gives some insight into last year and a glimmer of hope for the year ahead.

January/2012

That light at the end of the tunnel may not be another train coming this way. For the Boulder County real estate market that light may be the end to the darkness the area real estate market has experienced since the end of 2005.

For the past three years sales activity has been approximately the same. In 2009 there were 3,665 single family/attached unit sales across Boulder County. In 2010 that number was 3,660 and in 2011 the number was 3,539.

When comparing 2010 to 2011, here are some

Where have the homes for sale gone?  

Yes, Jumbo Financing is alive and well.

Yesterday I had a reporter call me and ask some questions about the real estate market and how things looked for the year ahead.  We visited for awhile and I explained how sales for the past three years has been fairly flat and this will probably be the case in 2012 as well, but what is changing is the relationship between supply and demand.  In the last three years the supply of homes for sale has dropped 17%.  Also in the last three years we have seen the margin between conventional financing and jumbo financing tighten.  Today’s Jumbo rates are the best we have seen in 40 years.  I also have to smile when people say financing is impossible to get.  The

In

5761 W 50th Ave Denver, 80212

MLS #: 668979 Price: $369,800

4 Bed/3 Bath Total SqFt: 3976

This subdivision was designed to capture Colorado's unique natural architecture, but right in the heart of the city! Custom home offers a large & very private lot, walkout bsmnt & deck that runs the entire length of the house. The open floor plan w/large kitch & walk in pantry are perfect for entertaining. Parks, rec center & bike path are steps away. Mins from Highlands, Tennyson St Shops, Berkeley Lake, downtown Arvada, Regis, downtown & easy access to highways, 1 mile from future light rail.

Denver CO real estate

2406 24th Ave Longmont, 80503

MLS #: 666125 Price: $359,895

3 Bed/3 Bath Total SqFt: 3592

Beautiful home In & Out. Updated custom ktchn, granite, S/S apps, decorative backsplash, pendant lighting. Spacious Crate & Barrel-Inspired Fam Rm w modern fplc surround. 3 Br up, 1 Flex Rm in bsmt could be 4th BR. 3 Full Baths, updated tile, basin sink. Mstr Suite w/5 pc travertine bath, attractive 2-sided fplc for cozy retreat. Lower level has Media Theater Rm, Fully updated bath. Stadium seating, TV and Entertainment Center in movie room are included. Pristine low-maint landscaping & patio.

Home for sale Longmont Colorado

5840 W 115th Ave Westminster, 80020

MLS #: 669307 Price: $299,900

3 Bed/ 3 Bath Total SqFt: 2997

Beautiful home in highly sought-after Arrowhead Sub. Remodeled eat-in kitch incl brand new granite counters w/lg island, office nook, newer apps, tile flring, spacious formal din, huge pantry. Master BA w/ tile flooring/shower, tile vanities, with large walk-in closet. Vaulted ceilings, gas fireplace, oversized loft/flex space, garden level unfin bsmt w/rough in. New light fixtures & ceiling fans, 6 panel doors & custom paint in/out. Deck, mature landscaping & dog run. New windows/doors/roof.

Westminster Colorado real estate

924 Krameria St Denver, 80220

MLS #: 669559 Price: $189,900

2 Bed/1 Bath Total SqFt: 775

Fantastic home nestled among Mayfair, Crestmoor, Montclair! Classic, urban, walkable and move in ready! Newly refinished wood flooring, cozy fireplace, fresh neutral paint and updated bathroom! Stone's throw from Cherry Creek, Lowry, and downtown. This home sits on a large and private lot with a great patio for entertaining. Lots of potential to make this your own!

Homes for sale Denver Colorado

2480 Overlook Dr Broomfield, 80020

MLS #: 670197 Price: $199,000

4 Bed/4 Bath Total SqFt: 1980

Great 2 story home in Sunridge 2, Broomfield. Located on a fenced lot near parks and Boulder County open space. Open kitchen with hardwood floors. Finished basement with 4th bedroom, full bathroom, and family room. Central location close to HWY 36, I-25, Interlocken, Flatirons Mall and much more. Short Sale. Listing agent is an experienced with short sales. (Overnight notice required for showings)

Broomfield Colordo real estate

2860 Airport Dr Erie, 80516

MLS #: 645762 Price: $195,000

Vacant Lot Acreage: 1.93

Almost 2 acres in Erie Air Park. Spectacular lot for airplane enthusiast. Prime building lot in Erie Air Park with tremendous views of the Flatirons and Back Range. Direct access to runway. Nice level and flat lot. Possible owner financing.

land for sale Erie Colorado