Boulder County is still rocking it nationally, and remains the #1 place for real estate investment in terms of investment growth and stability according to the finance technology company Smart Assets. Also, the Federal Housing and Finance Agency (FHFA) ranks Colorado 21st in the nation for housing price appreciation year-to-date with 5.63% statewide.
Looking locally at year-over-year 3Q 2018 through 3Q 2019, County-wide unit inventory and "days on the market" for both single-family and multi-family housing are up (normally indicating a slow down). Interestingly though, the number of units sold in both housing types is also up 4% year over year, illustrating a stable market. Housing is taking longer to sell, but sales volume is solid. With mortgage rates hovering below 4% and plenty of inventory in the County, it is a great time to be a Boulder County buyer!
For 3rd Quarter Stats broken down by city, give me a buzz and I’ll get them over to you! Click here to see September's Top 10 Vital Statistics.
Recap and Forecast: Third-quarter Housing, Mortgage Trends
With the third-quarter of 2019 closed, Bankrate takes a look at the trends from the last three months in this article. Comparing the housing market to last year, so far in 2019 sales are up 2.6%. Mortgage rates continue to fluctuate and inventory remains lower than demand in some areas.
Great Remodeling Choices 101:
How to Weather Living in a Construction Zone
Colorado Homes & Lifestyles Magazine's third article in their four-part series on remodeling discusses the realities of living in a construction zone. How to keep yourself sane while your home is turned upside-down and what action items you can do to keep it livable.
FHA Rule Change Regarding Condo Loans Could Allow More Buyers to Break Into Boulder County Market
The Federal Housing Administration is making it easier for first-time condo buyers, often with less than perfect credit, to get mortgages. In this article from The Denver Post they explain the new rule that went into effect October 15th to allow broader access to FHA financing. This will help both buyers and sellers of condos by opening the housing market to more people.