We are seeing some very interesting activity. Our Boulder office has shown a dramatic increase in showing activity over the last two weeks and CMA (Colorado Mortgage Alliance) our lending partner has seen a strong uptick in the number of pre-qualification applications being taken. Our newest listing on Landis is being overreun with showings and it looks like the property will most likely see multiple offers. When you combine this with over 300 registered users to Boulderhomesource.com in the last 30 days we are seeing strong interest in the Boulder Market. I know we still have some interresting times ahead and will not know the true direction of the market until all of the stimulus packages, layoffs, market voltility have had a chance to work thier…
Found 14 blog entries for January 2009.
The Denver Business Journal reported on January 21st that CSU local economist Martin Shields predicts Colorado to begin recovery in the 2nd or 3rd quarter of 2009.
Colorado went through a bad economic year in 2008 and can expect more of the same this year, but there are signs that a recovery could start as soon as the summer, a pair of Colorado's top university business economists agreed Wednesday.
While calling 2008 "a horrific year," Martin Shields, regional economist at Colorado State University, said that "things really weren't so bad in Colorado" as they were across the nation.
Speaking at the South Metro Denver Chamber of Commerce's annual Economic Forecast Breakfast at the Hyatt Regency DTC, Shields noted that Colorado was one of a…
Sun laid off 1,300 workers from it's storage unit. Initial conversations with Sun employees at the Broomfield campus are indicating the layoffs were far fewer than many had feared. Over the next few days we will hear what the full extent is and we will be sure to keep you up to date.
From Land Title:
Predicting an '09 recovery: In December, Jim Glassman, a senior economist with JP Morgan Chase in New York, told a select crowd of business leaders gathered in Denver at the Executive Leadership Forum that the economy will recover in 2009. "There’s nothing wrong with the U.S. economy that hasn’t already been fixed," Glassman said. https://www.cobizmag.com/articles.asp?id=2476
Census: Colorado among fastest growing states: Colorado was among the five fastest-growing states the year between July 1, 2007, and this July. Estimates release on December 22nd by the U.S. Census Bureau show Colorado, Texas and North Carolina each grew at 2 percent. Colorado's population increased by 96,686, giving it the eighth-largest gain in the…
According to the latest trending Data it looks like home prices may be stabilizing in 2nd Quarteer 2009:
In light of current news, many people believe the changes in the real estate market are not favorable. However, there are several positive points to remember. If the opportunity presents itself during the year, please do your part to spread the following great news!
Interest rates continue to be at historic lows
Houses are attractively priced and not expected to go lower
Inventory levels are plentiful and in some areas declining
Average homeowners net worth is 46 times the net worth of the average renter
First time homebuyers are coming out of the woodwork, which is a key indication of recovery.
"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful . . . if you wait for the robins, spring will be
Check out the US NEWS report on Boulder.
"Boulder is rare in staffing its own senior services solely from local resources. City employees not only run senior programs at two recreation centers, they take on individual cases, helping the sick navigate insurers, the infirm get transportation, and the lonely find friends. "The senior services are something you just don't see elsewhere," says Hope Thompson, 82. She should know, having lived for years in Florida."
2008 Population: 4,939,456
2007 Population: 4,842,770
Year-over-year Increase: 2%
Colorado was ranked fourth based of recent Census Data for population growth in 2008. With Colorado's strong diversification in employment it has been able to support stronger growth than some other areas through out the country. In the Boulder area we will continue to watch how the Boulder County continues to grow in five key areas of first Health including Amgen, Covedien; Second Technology including IBM, SUN, Level 3, Google, Microsoft, Ball; Third Renewable Energies including Conoco Phillips, Siemens; Fourth Natural Foods; and fifth our strongest growth area entrepreneurs.
With the fall in permits applications and as result the strong fall in…
We have seen a strong reduction in our inventory numbers.
Price per a square foot still seems to be holding strong.
Boulder's Market action index still is trending about 2 points better than the Nation as a whole. We have indicators for all areas of the market so please let us know if you have questions on specific market segments.