Interest Rates have gone up lately, but are still historically low.
200 Year Historical Rates On 30-Year Fixed-Rate Mortgage Chart
30 Year FHLMC Rates On 30-Year Fixed-Rate Mortgage Chart
Graphs provided by Mitchell Friedman, Citywide Home Loans
Examples and are based on market conditions as of August 6th, 2013. Local rates include 1 point paid to Lender. This is not a guarantee of any kind. Interest Rates are subject to daily change based on market conditions and a variety of specific qualifications for borrowers.
Year to Year Comparison: (January 1st – July 31st, 2012 vs 2013)
Information Provided by IRES, Information and Real Estate Services and Metrolist. All reported sales were not necessarily listed or sold by Four Star Realty and Property Management, Inc. and are intended only to show trends in the area.
Summary of YTD Sold Statistics:
Single family Homes: Both Average and Median home prices are up from 2012. In addition, the Days to Offer are down considerably. Although the unit sold volume is also higher, the number of units sold could be much higher if there was a greater inventory of homes to sell.
Attached Dwellings: Like Single family homes, Average and Median prices are also up, and attached dwellings are selling in fewer days than in 2012. The inventory is low, so the volume of attached dwellings sold is considerably lower than it could be with adequate inventory.
With the reduced inventory for all types of residential properties we are experiencing greater increases in values, fewer days on market and often times multiple offers from Buyers.
Local Business News
Pearl Street Mall to get flip-flop seller Longmont resident Amy Neb, who owns the Flip Flop Shops store at Park Meadows Mall in Lone Tree, is opening a second store in Colorado Aug. 15 on the Pearl Street Mall in Boulder. Read More
Dillard’s wants jury to decide store’s value Dillard’s Inc. wants a jury to decide the value of its property in Longmont in an eminent-domain case, a company lawyer said Thursday. Boulder District Court Judge D.D. Mallard said she would issue a written decision about the jury request.
Erie extends waivers for historic downtown The town of Erie’s board of trustees approved extending an ordinance waiving certain fees for building permits in historic downtown Erie through 2016. The permit fees to be waived are for building, electrical, mechanical and plumbing. It also includes miscellaneous fees for demolition, fence, reroofing, solar energy systems fee and plan-check fees. Read More
Boulder City Council to vote on a future without Xcel The Boulder City Council will vote tonight on moving forward with plans to create a city-owned utility to provide electricity to residents and businesses in place of Xcel Energy Inc. Read More
Area apartment vacancy rate up slightly The apartment vacancy rate for Boulder and Broomfield counties increased slightly in the second quarter of this year, according a report released Wednesday by the Colorado Division of Housing and the Apartment Association of Metro Denver. The local vacancy rate of 3.8 percent is lower than the rate for Colorado – 4.2 percent, a 13-year low. Read More
Parade of Homes kicks off Thursday The 2013 edition of the Parade of Homes, organized by the Home Builders Association of Metro Denver, begins its run Thursday and ends Labor Day, Sept. 2. Read More
Trader Joe’s picks Greenwood Village for 3rd Colorado store Trader Joe’s has signed a lease for what will be its third Colorado store, in Greenwood Village, a company official confirmed. The Monrovia, Calif.-based specialty grocer store will open its store in a 10,000-square-foot space at the Cherry Hills Marketplace at 5901 S. University Blvd., near the corner of University and Orchard Road. Read More