Kathy Crowder RE/MAX Alliance, Longmont Colorado

DigitalGlobe's Analysis Center makes sense of the world through images - Longmont Times-Call

2012-01-30T16:24:00.000-07:00

DigitalGlobe's Analysis Center makes sense of the world through images - Longmont Times-Call

Realty Times - Relying On An Agent

2012-01-17T11:24:00.000-07:00

Realty Times - Relying On An Agent

2012-01-06T16:04:00.002-07:00

Real Estate predictions for 2012

Fixed mortgage rates rise above record lows

2011-12-29T10:47:00.001-07:00

Fixed mortgage rates rise above record lows

Rates are so low...if a real estate transaction is in your futures...the time is now...for the first time buyer, the move up or move down buyer!!

Fixed mortgage rates rise above record lows

2011-12-29T10:47:00.000-07:00

Fixed mortgage rates rise above record lows

Rates are so low...if a real estate transaction is in your futures...the time is now...for the first time buyer, the move up or move down buyer!!

Increase in short sales give market a little breathing room

2011-12-29T10:21:00.000-07:00

Increase in short sales give market a little breathing room

Boulder Valley Economic Snapshot

2011-10-13T14:16:00.001-06:00

October/2011

Theeconomic climate these days is reflective of a yo-yo. One day it’s up, the next it’s down. I believe we would all be a little happier ifit would stay about the same from one day to the next; preferably up.

TheBoulder County real estate market has remained relatively stable the past fewyears. According to IRES, the NorthernColorado Multiple Listing Service, in 2009 there were 3,665 singlefamily/attached unit sales in Boulder County. There were 3,660 sales in 2010.Through September of this year that number is tracking about 6.5% behind lastyear, which would equate out to around 3,425 sales for 2011.

Homemortgage interest rates have dropped to the lowest level in decades, which hasimpacted the refinance market, but not so much the resale market of homes. As is characteristic of this time of year,the inventory of available properties continues to drop. This pattern will sustain itself into thespring of 2012.

Ifyou are a home seller, where do you go from here in a real estate market thatwill naturally continue to soften? Where there are fewer prospective buyers,but also fewer options for the buyers who are actively in the market. There’s an old saying in real estate: “Priceovercomes all objections.” That statement holds most true in a declining realestate market – a buyer’s market.

TheBoulder County real estate market has struggled to right itself since 2005,when the local market peaked. There were5,795 single family/attached unit sales that year. That’s a huge difference from where we aretoday. Admittedly, the Boulder Countyreal estate market hasn’t felt the significant negative impact in housingvalues that other parts of the country have experienced, but it still has beenaffected by the economic environment.

TheAbsorption Rate for Boulder County (single family homes) at the end ofSeptember was 7.7 months or 233 days. If you are attempting to sell a homepriced at over one million dollars, the Absorption Rate averages 24.8 months or756 days. That’s a long time to wait fora buyer.

Aswe wind our way through fall toward winter, there doesn’t appear to be a whiteknight perched on the horizon that is going to magically lift us out of thissomewhat stagnant real estate market. Jobs are the white knight. Theyare at the core of the economy. As jobsare created, the economy shifts in a positive direction, which benefits thehousing industry.

So,if you are a home seller looking for that one buyer, you need to be the bestvalue not only on your block, in your neighborhood or in your community; youhave to be the best value out there from the perspective of that one buyer.Buyers have other options to choose from and they are willing to wait for theright opportunity.

Realestate is a little different from many other types of business. It is abusiness of negotiation pitting buyers against sellers; each wanting to garnerthe “best deal”. That is where theBoulder County real estate market is today. Buyers have the upper hand. They call the shots. Sellers who aren’twilling to play in what seems like a “zero sum game” can be left standing onthe sidelines; hoping for another prospective buyer to come their way.

Longmont has the best real estate values in Boulder County!

2011-09-13T10:25:00.000-06:00

Looking to relocate to Boulder County? Of course, it's a great place to live and offers many opportunities for recreation with its open space, bike trails, hiking trails and fun events. The city of Boulders median price for a single family home is around $550,000 and $273,000 for attached homes!! Louisville's single family home median price is $389,000 and about $220,000 for attached homes. Lafayette's is $309,000 for single family homes and $179,000 for attached.Longmont's prices are a bargain in comparison!! Median price for a single family home is about $225,000 and about $168,000 for an attached property!Having lived in Longmont for 28 years, I can tell you the city is a great place to live. Longmont's population is about 85,000 and offers wonderful amenities, such as parks, bike and walking trails, fun festivals and events year round. Contact me if you would like more information on the housing market in Longmont Colorado!

Economic Snapshot August, Boulder County

2011-08-16T14:47:00.002-06:00

August/2011 The pace of things is much quicker these days and much more sensitive. Technology is the culprit with its Internet, smart phones and social networking. Want to know something about anything and it’s only a few keystrokes away on a computer, phone or electronic notebook. It is truly an age of information. Real estate has become part of this information age with a variety of Internet sites available to obtain current housing information. These would include the inventory of homes for sale, home values, mortgage interest rates, foreclosures and bank repossessions. Possibly everything a potential home buyer or seller would need is available somewhere on-line. What is missing is the human touch. Finding a home to purchase is part of the process. Determining how to purchase it is the part that entails the human aspect. From negotiating a contract to procuring financing to getting over inspection and appraisal hurdles, and making it to the closing table without going insane requires the support of Realtors, lenders, appraisers, and inspectors. Today’s real estate market is teeming with anxiety. Seller’s are dealing with a buyer’s market. Buyer’s are unsure if now is a good time to buy or should they wait. Mortgage lenders are faced with changing regulations and increased qualifying requirements. Appraisers are conservative in their appraisals. Realtors are working with sellers to price properties realistically. In the end, it all seems to work as seller’s sell and buyer’s buy. In looking at the Boulder County housing market, things are beginning to improve. For July/2011, single family home sales were UP 26% compared to July/2010; attached unit sales were UP 28%; overall the market was UP 26.4%. Year-to-date (compared to through July/2010), the Boulder County housing market is down 7% for single family home sales and 27% for attached unit sales; overall it is down 13%; but the market should continue to improve over the balance of the year compared to 2010. In evaluating the Boulder County housing market, one of the key focal points is the Absorption Rate i.e. how long does it take for the market to turn. The Absorption Rate characteristically peaks at the beginning of the year and then declines as sales activity improves. For 2010, the ending Absorption Rate for Boulder County was 6.3 months. At the end of July/2011 the Absorption Rate stood at 8.9 months for Boulder County. That was down from 9.5 months in June/2011. Home mortgage interest rates continue to remain reasonable: 30 year fixed rate at 4.5%; 15 year fixed rate at 3.75%; 5/1 ARM at 3.125% and a 7/1 ARM at 3.375%. All of these are at zero origination fee and no discount points. Lender buy downs are available for lower rates. Like everything else these days, mortgage rates vacillate up and down on a daily basis. As the balance of the summer drifts away and we head into the “cooler” days of fall, the Boulder County real estate market will hit its traditional peak in sales activity and then begin to naturally slow. Sellers who need to sell now will need to take a serious look at how their home is priced relative to the market. Buyers will need to take advantage of moderate mortgage interest rates and recognize that now is a good time to buy.

Economic Snapshot for Boulder Valley Real Estate

2011-07-25T12:23:00.001-06:00

Economic SnapshotJuly/2011 During the past few years there has been a great deal of discussion and debate in the economic arena about the national real estate market. Most of it hasn’t been pleasant. When something positive surfaces i.e. sales are improving, home values have stabilized, etc. it can be viewed from the perspective that the real estate market is beginning to shift. The days of doom and gloom are behind us and sunny days are the new norm. Real estate markets have traditionally followed that scenario. They bottom-out at some point and then begin the arduous task of righting themselves and slowly (very slowly) gaining momentum. Buyers are once again actively engaged in the process. Sellers are once more receiving reasonable value for their homes. Realtors, mortgage lenders, appraisers, home inspectors and insurance companies feel the impact of the change. New home construction gears-up. The sound of hammers, saws and “boom boxes” once again fill the air. The real estate market we have been experiencing for the past five or six years is slightly different. At times it offers the promise of a renewed enthusiasm. At others not so much. If you follow the stock market, it’s a roller coaster. One day it’s up based on some newly published economic index. The next day it’s down based on some foreign country threatening to default on their loans. The housing market can feel much the same. According to MetroList (MLS), real estate contracts for the Denver Metro area written in June/2011 are up 22.5% compared to June/2010. That’s a positive. Available homes for sale in June/2011 are down 15.7% compared to June/2010. That’s a positive. More sales; less inventory; scarcity creates demand. The hope is the Denver Metro/Boulder Valley real estate market will sustain itself through the balance of the summer and into the fall. That home buyers and investors will see this as an opportune time to buy. Sellers will view this as a favorable time to move-up, move-down or move-on. Below is a brief overview of the housing market in our area by locale for single family homes from IRES (the Northern Colorado MLS). 2010 2011 (Thru June) Area Average Sales Price Average Sales Price %Change Boulder $649,726 $672,072 +3.44% Superior $426,358 $419,758 -1.55% Louisville $440,176 $398,612 -9.45% Lafayette $357,129 $362,301 +1.45% Longmont $256,222 $246,738 -3.70% Suburban Plains $549,136 $532,562 -3.02% Suburban Mountains $412,176 $387,946 -5.88% Broomfield $379,432 $338,805 -10.71% Average … $433,246 $426,783 -1.49%

2011-07-12T15:05:00.001-06:00

Hey, Presidential Candidates: Where are the New Ideas to Fix Housing?

Fixing the housing market is perhaps the most important step toward fixing the economy, so you would think those who want to win the next presidential election would be talking about how housing creates jobs, the ways consumer confidence is tied to home prices, and what the heck they will do to fix the housing market and turn the economy around. Read

Visit houselogic.com for more articles like this.

Economic Snapshot for Boulder Valley Real Estate

2011-06-10T14:58:00.000-06:00

EconomicSnapshot

A look at thecurrent real estate market; provided by RE/MAX ALLIANCE

June/2011

Insome obscure way, a healthy real estate market mirrors life; it seeksbalance. It trends toward a market wherethere are a practical number of homes for sale, an adequate number of homebuyers, reasonable mortgage interest rates, and an acceptable level ofappreciation in home values. When all ofthese elements are in alignment, tranquility exists. When they aren’t? Then some degree of confusion and uncertaintyprevails.

TheBoulder Valley real estate market has notexperienced a “balanced housing environment” for the past few years. Inventory levels of available properties havedeclined as many homeowners have decided to either stay where they are and notsell their home or they have rented their home and moved on; themselves oftenrenting somewhere else. Homebuyers havebecome less visible these days. ThroughMay/2011, Boulder County single familyhome sales are down 18% and attached unit sales are down 34% when compared tothe same time frame for 2010. Theoverall market is down 23%.

In today’s real estate market, there are certainconsiderations at play. (1) Buyers are bargain hunters. They want the maximum return on the dollarsthey are investing in a home. They don’twant to lose money. They believe in theold adage, “Buy low, sell high.”, butthey aren’t always confident what low is or what high might be. (2) Priceovercomes all objections. There’s aprice where everything will sell, even if the seller needs to bring funds toclosing. That’s one of the issues facing the housing industry today; it’s anupside down world. Many homes are worthless than what is owed on them. Thesolutions to that dilemma are to stay the course and hope housing valuesimprove, let the bank have the property or belly-up to the bar at closing withcash in hand, if you’re the seller. (3) He/She who has the gold makes the rules. Mortgage companies and banks are the pathwayto the great American dream; home ownership. Unfortunately, that pathway is strewn with stringent governmental andbanking regulations, conservative underwriters and appraisers, and difficultqualifying requirements. Mortgage rateshave continued to hover in the 4.5% to 5.0% range for the traditionalthirty-year fixed rate loan. (4) Seller’s are unrealistic regarding pricing. Real estate markets are like sifting sand;they change quickly. New neighborhoodsales reflect on neighborhood values. What sold down the street three or six months ago may not be an accuraterepresentation of what a seller’s home may be worth today. (5) Consumerawareness is at an all-time high. Homebuyers have immediate access to a plethora of housing information on theInternet. Some of it isn’t always accurate,but it’s there. More consumers todaybegin their search for a home, car, appliances, etc. on-line than everbefore. They do their homework. When they show-up to purchase, they areeducated about the nature of the marketplace.

On the bright side, homes arecontinuing to sell. Median home valuesfor the Northern Colorado housing market have remained relatively stable forthe past few years, only off seven (7) percent when compared to 2005 [slightlyover one (1) percent per year on average]. Much better than what has happened in some of the bell weather stateswhere double digit depreciation has been the norm.

572 E 16th Ave, Longmont CO 80504

2011-05-25T14:06:00.002-06:00

Tour this home!!

Fabulous, impeccably maintained two story home with all the features on the most wanted list!! One of this homes many attributes is a wonderful updated kitchen with granite counters, stainless steel appliance, and island and breakfast nook. Main floor is light and bright and offers a family room with a gas log fireplace, formal dining and living area as well as a den and ¾ bath. The home also includes surround sound with built in speakers for your entertainment pleasure! Laundry is also on the main floor. Upstairs is the Master Suite, with a beautiful, updated, five piece master bath, and walk in closets with built in features and a dressing area, as well as 2 additional bedrooms and a full bath. Daylight basement is finished with a large rec room (gas stove), a large 4^th bedroom and a full bath! The lucky new owner will appreciate all the storage this home offers. The outside living areas host a spacious deck, patio and other sitting areas. The gardens are delightful and not a detail is missed, including the paver walkway from the front to the back of the home. This delightful home backs to and has access to open space and walking trails. The large 3 car garage with its organization and workbench is just another feature of many you will find in this lovely home. A rare gem not to be missed!

Update from Longmont Area Economic Council

2011-04-15T14:38:00.000-06:00

1st Quarter 2011Currently we have 201 primary employers in theLongmont area.~ 4 new companies: Anew Green, CPU Technology,Digital Data Services, and Honeybee Robotics whichrepresent 16 new jobs to-date in 2011.~ 2 companies have closed or relocated their operationout of Longmont to-date in 2011 resulting in a loss of49 positions. Those companies are BMGI Corporationand DataPlay.~ 27 existing companies have added employees to theiroperation to date in 2011 resulting in 176 new jobs.~ 9 existing companies have cutback employment in todate in 2011 resulting in a loss of 57 jobs.This gives us a net gain of 86 primary jobs to date in2011.~ The vacancy rate for real estate inventory (industrialand office) in the Longmont area through the firstquarter of 2011 is 14.2% with 1.21 million square feetavailable. (Net primary employer absorption throughthe first quarter 2011 is -22,744 square feet). Note thatthese numbers reflect only facilities that are ready foroccupancy.~ The Longmont Area Economic Council worked with15 new prospects looking at the Longmont area forrelocation and/or expansion of their businesses duringthe first quarter 2011. This compares to 13 for the same

RE/MAX Alliance Recognized as #1 in the U.S. at the 37th Annual RE/MAX Convention in Las Vegas!

2011-04-03T14:48:00.000-06:00

RE/MAX Alliance Recognized as #1 in the U.S. at the 37th Annual RE/MAX Convention in Las Vegas!

ConocoPhillips says asset sale won't impact Louisville plans - The Denver Post

2011-03-30T12:00:00.001-06:00

ConocoPhillips says asset sale won't impact Louisville plans - The Denver Post

Survey: More Than 70% of Homeowners Say Home Inspection Helped Them Avoid Potential Problems

2011-03-03T14:16:00.000-07:00

RISMEDIA, March 3, 2011-Nearly three in four (72%) U.S. homeowners agree the home inspection they had when they purchased their current primary residence helped them avoid potential problems with their home, according to a survey released by the American Society of Home Inspectors (ASHI). Also, almost two in three (64%) noted, in the long run, they saved a lot of money as a result of their home inspection. As the housing market begins to recover, ASHI encourages homeowners and buyers to hire a certified home inspector and to get a home inspection to help further protect their investment.

The survey was recently conducted online by Harris Interactive on behalf of ASHI to gauge current consumer perceptions about the purpose and value of a home inspection. Results revealed 88% of all homeowners believe home inspections are a necessity, not a luxury.

"ASHI's goals have always been to build customer awareness of the importance of a home inspection and to enhance the professionalism of home inspectors," said Kurt Salomon, ASHI president. "It is encouraging to know consumers are listening and understand the significance of protecting their largest single investment, their home."

While it is clear homeowners who had an inspection understand the value it serves, many still incorrectly believe certain components are included in a standard home inspection. For example, septic systems, electrical wiring and plumbing behind drywall and swimming pools are commonly mistaken as items that are included when, in fact, they typically are not.

"ASHI remains committed to educating consumers on what a standard home inspection is likely to include," said Salomon. As such, ASHI members have committed to following a Standards of Practice and Code of Ethics that outlines what consumers should expect to be covered in a home inspection report.

During a home inspection, a qualified inspector takes a detailed look at the physical structure and systems of a house, from the roof to the foundation. A home inspector will examine the condition of the home's roof, attic and visible insulation, foundation, basement and structural components, as well as interior plumbing and electrical systems.

Additionally, nearly three in four homeowners surveyed (70 percent) assume all home inspectors must be certified and licensed, when in fact, not all are. "It is important for consumers to do their homework before hiring an inspector," said Salomon.

For a complete list of what's included in a home inspection, visit www.ASHI.org.

RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com

Copyright© 2011 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Boulder County February 2011 Economic Snapshot

2011-02-08T19:40:00.000-07:00

Economic Snapshot

A look at the current real estate market; provided by RE/MAX ALLIANCE

February/2011

Before a declining real estate market can recover it must reach a plateau. It must halt its negative momentum and begin the arduous process of turning itself around. This can often take an inordinate amount of time, because it is contingent on a number of factors. There needs to exist favorable mortgage interest rates, motivated and somewhat plentiful buyers, reasonably priced properties and acceptable levels of available inventory. There must be a timely transition from a buyer’s market to a more balanced buyer/seller market.

The Boulder Valley real estate market has struggled for the past five years as the national economy drifted into a chaotic state. For Boulder County, overall sales activity for single family and attached units dropped 42% during this five-year period; an average of 8.40% per year. A buyer’s market prevailed.

The Chinese calendar for 2010 was known as the “year of the tiger”; for Boulder County 2010 may be remembered as the “year of the plateau”. Real estate sales last year for Boulder County were comparable to 2009; less than a one percent difference.

2011, the “year of the rabbit” in the Chinese calendar, has gotten off to a quick start. Boulder County single family and attached unit sales for January/2011 are UP nearly 19% over January/2010. That’s without any government assisted first-time homebuyer program being available. Hopefully, this isn’t a tortoise and the hare tale, where the hare takes a nap midway through the course its running or the real estate market slumps in the second half of the year.

Here are some things to digest as we venture down this precarious real estate path the rest of 2011.

1. Mortgage Interest Rates: Back in the late 1980’s and early 1990’s, home buyers would have literally killed to get a thirty-year fixed rate loan for 4.75%. It would have felt like they were stealing money from the banks. They would have been lined-up for blocks; drooling on themselves. In today’s economic climate 4.75% doesn’t generate the same level of enthusiasm. It’s nice, but it doesn’t get home buyers salivating. Mortgage interest rates have risen slightly over the course of the past few months. If the housing market rights itself, look for interest rates to continue this pattern.

2. Available Inventory: That black cloud perched on the horizon is composed of bank foreclosures, short sales and HUD properties. It’s unclear how many of those little devils are out there. They keep popping their heads-up. In the past couple of years many of them have been purchased by savvy investors, first-time homebuyers or, on a more limited basis, buyers looking to take advantage of a price sensitive marketplace and make a move-up. Lack of inventory creates motivation in the mind of buyers. Unfortunately, high inventory levels of available properties have been the norm the past few years. BUT, that may be changing. New residential listing inventory for the Northern Colorado real estate market for January/2011 is down 20% compared to January/2010. Is there a pattern developing here i.e. more sales and fewer listings?

3. Residential Home Values: Finally, for a plateau to exist there needs to be stabilization in market values. For Northern Colorado, the median priced residential property sold in January/2011 for $225,000; for January/2010 that number was $212,000; for January/2005, the year when Northern Colorado sales activity peaked, it was $227,000.

Market data statistics are from IRES the Northern Colorado MLS.

Real Estate Stats for Boulder County

2011-01-20T12:15:00.000-07:00

Economic Snapshot

A look at the current real estate market; provided by RE/MAX ALLIANCE

January/2011

The first decade of this new millennium was one of contrasts. It began on loose footing with the dot.com fiasco and the events surrounding 9/11. Then followed the years of unbridled economic growth, where people’s thoughts were centered on early retirement, travel abroad and procuring more adult toys. The decade limped to a close as the government attempted to pump new blood into an ailing economy by offering tax credits to homebuyers and salvaging the banking industry; home mortgage interest rates fell to historic lows. The question that begs an answer is, “Where are we ten years later?”

Let’s take a quick look back to see where the Boulder County real estate market was ten years ago relative to today. In January/2001 the traditional thirty-year fixed rate mortgage was at 7.07%. In December/2010 that same loan was at 4.86%. The average sales value of a single-family home in 2001 was $361,833. In 2010 the average sales value of a single-family home was $442,694. That equates to a 22.34% increase in the average sales value; approximately 2.23% per year. Using the above figures, with a 20% down payment, the principle and interest payment for the average home in 2001 was $1,945.28. In 2010, that number would be $1,879.88. Things have improved incrementally over the course of the past ten years.

The Boulder Valley real estate market appears to have weathered the economic storm and reached a point of stabilization. Boulder County sold properties in 2010, single-family homes and attached units, was 3,660. This compares to 3,665 sales in 2009. The inventory of available homes for sale still exceeds the number of potential buyers, with the Absorption Rate currently standing at 6.26 months.

Per the chart below, the average home values of sold properties have improved over last year in most market areas. This should continue as buyers who have been standing on the sidelines view this as an opportune time to purchase homes in the higher price ranges.

Home mortgage interest rates have trended-up slightly over the course of the holidays. As the economy continues to show signs of improvement, expect mortgage rates to vacillate around the 5% mark as we head into spring.

Below is an overview of sales activity for the past two years for single family homes in the various Boulder Valley areas, courtesy of IRES – the Northern Colorado MLS.

               2009       2010           %Change         2009                2010                    % Change

Area       Solds        Solds          Change          Average Price     Average Price        Change

Boulder    563           622         +10.48%         $647,584           $650,280             +.416%

Louisville   202          194           -3.96%           $394,214           $440,512          +11.74%

Lafayette    219         229          +4.56%          $352,667            $357,377           +1.33%

Superior     127         107           -15.75%         $413,935           $426,358            +3.00%

Longmont   891         831            -6.74%          $240,902           $256,175            +6.34%

Sub. Plains 373        449            +20.37%         $510,351          $549,796            +7.73%

Sub. Mtns. 203        230            +13.30%         $415,567           $411,662            -.940%

Broomfield   353       338              -4.25%           $353,343           $380,074           +7.56%

                    ===      ===             ======          =======           ======             ======

Totals …     2931     3000             +2.35%          $405,363            $433,427            +6.92%

Economic Outlook Digital Magazine!!

2011-01-19T09:49:00.000-07:00

New from RE/MAX Alliance, our Economic Outlook Digital Magazine!! Inside you will find all kinds of great information, from what the real estate market indicators are to home staging tips. There is even a section for kids. Take a look!!

Click here to read the magazine.

LAEC reports primary job gains for the Longmont area!

2011-01-14T20:46:00.000-07:00

4th Quarter 2010

Currently we have 197 primary employers in the Longmont

area.

~ 10 new companies: Abound Solar, American Recreation

Products, Goliath Systems, Niwot Technologies, Onsemble,

Inc., Parascript, RF Concepts, Synapse Design, TechPubs

Global, and TerraLUX which represent 148 new jobs in

2010.

~ 14 companies closed or relocated their operation

out of Longmont in 2010 resulting in a loss of 156

positions. Those companies are AgInfoLink, BioHarmony

Corporation, Cevan Nutritionals, Colorado Micro

Precision, Cornay Company, Earthmap Solutions,

ExcelStor Technology, FreeDesign, Great Basin Scientific,

InPhase, Knowledge Forge, Monolithic Sculptures, Peak

Industries, and Storage Genetics.

~ 67 existing companies added employees to their

operation in 2010 resulting in 661 new jobs.

~ 47 existing companies cutback employment in 2010

resulting in a loss of 317 jobs.

This gives us a net gain of 336 primary jobs in 2010.

~ The vacancy rate for real estate inventory (industrial and

office) in the Longmont area through the fourth quarter of

2010 is 14.6% with 1.26 million square feet available. (Net

primary employer absorption through the fourth quarter

2010 is +7,444 square feet). Note that these numbers

reflect only facilities that are ready for occupancy.

~ The Longmont Area Economic Council worked with 10

new prospects looking at the Longmont area for relocation

and/or expansion of their businesses during the fourth

quarter 2010 for a total of 45 for the year. This compares

to 7 for the same quarter in 2009 and 52 for the year.

The Longmont Area Economic Council has a

comprehensive database of available land and industrial/

office buildings. We service the City of Longmont, Lyons,

Niwot and unincorporated Boulder County area.

Economic Snapshot

2010-12-13T17:09:00.002-07:00

Economic Snapshot

A look at the current real estate market; provided by RE/MAX ALLIANCE

December/2010

The end is near. Another year is about to hike over the horizon and a new year will magically make its presence known. The years seem to slip by more quickly these days as we try to keep pace with the newest cell phone, computer or television. Technology has made things smaller, more efficient and quicker. We would die of boredom waiting for an old IBM 286 to boot up; all fifty pounds of it.

Despite all the changes in technology over the past couple of decades, the purchase and sale of real estate has remained pretty much the same. It is still a hands-on business. Ultimately, all the final decisions are made by humans, not computers.

The pace of a real estate market isn’t defined by the human element, though. Statistics rule here. How many homes have sold this week, this month, and this year? How does that compare with last year or the year before that? Are home values going up or down? How many homes are on the market for sale? All questions requiring statistical answers.

Here are some area statistics compliments of IRES (Northern Colorado MLS). The year 2005 is used as a benchmark, since that has been the most active year for sales activity for the past six years throughout Northern Colorado.

• Boulder County: In 2005, there were 4,193 single family homes sold. For 2010, there will be approximately 2,560. That equates to about a 39% drop in the number of sales.

• Boulder County: In 2005, there were 1,602 attached units sold. For 2010, there will be approximately 1,030. That equates to about a 36% drop in the number of sales.

• Northern Colorado: Through November/2005 there were 26,239 New Listings. Through November/2010 there were 19,724 New Listings. That equates to about a 25% drop in the number of New Listings.

• Northern Colorado: Through November/2005, the Medium Sales Price was approximately $237,500; Average Sales Price was approximately $296,521. Through November/2010, the Medium Sales Price was approximately $230,000; Average Sales Price was approximately $286,704.

Statistics can be confusing at times. They can also be manipulated to represent a specific position. If looked at solely from the perspective of what the numbers are, they don’t lie. So, what do the numbers above tell us?

1. Sales are down noticeably from 2005. They have trended down every year since 2005 for Boulder County, but the numbers for 2010 will be equal to or slightly above 2009 sales figures.

2. The number of active listings has dropped off significantly since 2005. Sellers have decided to (a) stay where they are and not move; (b) wait for the market to improve and then move; or (c) rented their home and moved.

3. Real estate market values have not improved since 2005. In actuality, they have dropped slightly overall. The upper end of the market i.e. over $600,000 has experienced the greatest negative impact from the economy. The lower end of the market has sustained itself.

4. Finally, the Boulder County single family Absorption Rate for 2005 was 7.5 months. Through November/2010 the Absorption Rate is 7.06 months.

Longmont FREE Holiday events!!

2010-11-29T15:29:00.000-07:00

The holidays are upon us!! Longmont know how to do it right!! It all starts this weekend with the tree lighting festivities on Friday December 3rd from 6-8

Friday, December Longmont Lights in Roosevelt Park the following events are happening!!
Sounds of the Holidays at the Senior Center, 6:30 to 8 pm. Enjoy the sounds of Longmont's All Star Jazz Band under the direction of Bill Wilkinson.

Holiday Ice Show: 6:30 to 8 pm

As part of the 2010 Longmont Lights celebration, the City's Ice Pavilion hosted a Holiday Ice Show featuring ice skating instructors and professionals from the Denver area performing on Friday, December 10, 2010.

Night Parachute Drop : 8 pm - weather permitting
Mile High Skydiving Club proudly sponsors the pyrotechnic night parachute drop at 8pm in Roosevelt Park.

Santa’s Workshop: 5 to 8 pm
Visit Santa and his workshop on this magical evening. Make holiday ornaments and play in his workshop. This parent/child activity is geared for children ages 10 and under. Be sure to bring your camera. Free.

Hot Cocoa Carts: 5 to 8 pm
Enjoy a free cup of hot cocoa from one of the hot cocoa carts in Roosevelt Park at the Fire Pits. Sponsored by Longmont Meals on Wheels. Free.

Reindeer Visit: 5 to 8 pm
Join us in front of the St Vrain Memorial Building at 700 Longs Peak Avenue to visit with Santa's finest!

Trolley Rides: 5 to 8 pm
Take a horse-drawn carriage ride around Old Town Longmont. Trolley rides begin and end on the east side of the Longmont Senior Center. Free.

Saturday, December 11th is the Parade of Lights!! With firepits, and fireworks after!!

click here for all the details!!

RE/MAX Alliance Market Updates: Boulder Valley Economic Snapshot - November '10

2010-11-11T21:14:00.000-07:00

RE/MAX Alliance Market Updates: Boulder Valley Economic Snapshot - November '10: "Real estate markets and economies are trend oriented. They have a tendency to follow specific paths. Sometimes those paths ar..."

RE/MAX Alliance supports Operation Christmas Child

2010-11-09T16:32:00.000-07:00

Our office is helping with Operation Christmas Child. We have boxes at our office at 900 S Main or you can use a shoebox of your own. These simple boxes go to needy children in some of our planets most impoverished countries. They make a huge impact on the children and are much needed. If you would like to fill a box or 3, please drop them off at my office before November 16^th. Please include $7.00 for each box for shipping. Please contact me if you have any questions.For more information click here.

Economic Snapshot For Boulder, Weld and Larimer Counites

2010-10-19T13:11:00.000-06:00

A look at the current real estate market; provided by RE/MAX ALLIANCE

October/2010

Over the course of the past eighteen months, the Federal Government implemented the Homeowner Tax Credit Program. The Federal Reserve lowered the Federal Funds Rate for member banks to borrow funds to nearly zero percent. Home mortgage interest rates have fallen to the lowest level in more than fifty years. Now, members of the banking industry are taking a sabbatical by not foreclosing on homes. All of these factors were/are designed to stabilize and stimulate the housing industry. Despite all these efforts, the housing market continues to quietly drift along.

There have been spurts of activity. The Boulder Valley real estate market was UP in sales activity at the end of June/2010 as compared to the end of June/2009 for both single family homes (+36%) and attached units (+34.5%). But those numbers have dropped since the Homeowner Tax Credit Program ended in late April/2010. Through September/2010, single family home sales are UP 13.5% Y.T.D. compared to Y.T.D. 2009; and are comparable for attached units. Thus, the Boulder Valley real estate market hasn’t sustained itself.

One of the best indicators of real estate market activity is the time it takes for the market to absorb itself. A healthy real estate market is thought to be around six months of available inventory. That time frame provides buyers with an adequate selection of homes and sellers with a reasonable amount of time to sell. The “absorption rate” for the Boulder Valley real estate market has vacillated between nine and ten months for most of 2010. Through September/2010, the absorption rate stands at 270 days; nearly nine months. As we enter the fall and winter, the absorption rate should remain around the same level as both inventory levels and sales dwindle.

The question now becomes, “What’s next?” What magic elixir can the Federal Government and banking community pull out of their proverbial hat? The answer isn’t putting more lipstick on the pig, because you still have a pig. The answer always comes back to one four-letter word; the word that drives the economy and fosters the housing industry. That word is “jobs”. Jobs are the Holy Grail; the path to redemption; the pot of gold at the end of the rainbow. Without them, you have a stagnant economy, which naturally leads to a declining housing market.

Below is a brief overview of the absorption rates for single family homes in a number of the Boulder Valley areas through September/2010. Thanks to IRES, the Northern Colorado MLS, for all their magic numbers.

Area                          Active Listings                     Solds Y.T.D.                                Absorption Rate

Boulder County              1946                                     2054                                    8.5 Months
Larimer County               2777                                    3066                                     8.1 Months
Weld County                  1836                                     2341                                    7.0 Months

====================================

Boulder                           652                                         646                                    9.0 Months

Lafayette                         169                                         187                                    8.2 Months

Longmont                        601                                         720                                    7.5 Months

Louisville                         105                                         157                                     6.0 Months

Suburban Mountains        380                                         182                                   18.7 Months

Suburban Plains              455                                          347                                   11.8 Months

Superior                           52                                            82                                     5.7 Months

======= ======= =========

Community Totals:           2414                                       2321                                   9.4 Months

Boulder County Real Estate absorption rate

2010-10-07T15:26:00.000-06:00

The number shows the rate at which the inventory of homes for sale are being sold. A declining figure indicates people the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than there are buyers willing to buy at the market prices.

The absorption rate lets you know how well the market is absorbing the current inventory of listings

Some push for foreclosure freeze in Colorado

2010-10-05T09:57:00.000-06:00

Moves by three major mortgage companies to halt foreclosures while they examine their procedures haven't affected homeowners in Colorado, but some in the state would like to see the foreclosure moratoriums extended here.

The lenders have temporarily stopped processing foreclosures as they investigate whether information included in foreclosure documents was properly verified.

Colorado hasn't been affected so far because of the unique process that foreclosures go through here.

"We are the only state that operates through a public trustee," said Stephanie Riggi, manager of the Colorado Foreclosure Hotline. "In other states, a lot of these (foreclosures) were handled through a court proceeding. It may not impact our homeowners who have gone through foreclosures."

But many in the legal community think the moratoriums in place in other states should be extended to Colorado because the foreclosure process is so complex that it's difficult to determine whether the cases have been handled improperly.

Attorney General John Suthers asked Ally Financial to extend the freeze by its GMAC Mortgage unit to Colorado and is considering asking other banks to do the same.

"It's possible that there could be home owners that could be affected here," said Mike Saccone, spokesman for the attorney general's office. "We're still in the exploratory phase. We're still trying to determine if these processes could have affected Colorado consumers."

Other lenders that have suspended foreclosures are JPMorgan Chase & Co. and Bank of America Corp. Separately, news came out this week that a Wells Fargo executive said he verified only the dates on up to 150 foreclosure documents he signed daily. He said he trusted co-workers to make sure other information in the documents was accurate.

Wells Fargo has said it has no plans to stop foreclosures, because the bank is sure that its documents are correct.

Real-estate attorney Robert Goodbinder said the bulk of foreclosures in Colorado are never challenged, because most people don't hire an attorney to help them.

"Because they're not challenged, they just sail through," he said. "We've got a huge number of foreclosures, and the borrowers aren't qualified to determine whether there's a problem. Judges don't set these for a hearing unless somebody files an appropriate response. Virtually no one who is a borrower would know what to look for."

Foreclosures in Colorado rose from July to August but are running lower than last year, according to a report last month from the Colorado Division of Housing.

Statewide foreclosure filings in August totaled 3,142, up from July's 2,718 but down from 3,496 in August 2009.

Ryan McMaken, who tracks foreclosure numbers for the Colorado Division of Housing, said that even if the banks do halt foreclosures here, it's not likely to make a difference in how the local housing market is perceived.

"I think people will know it's a policy change and will proceed with the normal level of caution," he said.

Margaret Jackson: 303-954-1473 or mjackson@denverpost.com

--------------------------------------------------------------------------------

Read more: Some push for foreclosure freeze in Colorado - The Denver Post http://www.denverpost.com/business/ci_16253886#ixzz11V5nsJ4Q

Million Dollar Views in Mead, Colorado

2010-09-21T12:59:00.000-06:00

17635 Silver Fox Court in Mead Colorado has just been reduced to $429,950!!!!! This home has some amazing features and breathtaking views. Situated on just over 2 acres, you have room to breath and enjoy the views inside through the floor to ceiling windows, or on the deck! This property is priced to SELL!!Check out the virtual tour!

Contact Kathy for more information or for your private tour of the unique and special property!

Homeownership is still a great investment!!!

2010-09-20T11:33:00.001-06:00

This is a great article about home ownership....and addresses all the doom and gloom that some publications are printing.

http://online.wsj.com/article/SB10001424052748703376504575492023471133674.html?mod=WSJ_RealEstate_

Mortgage rates beat tax-credit benefits

2010-08-25T10:36:00.000-06:00

http://www.denverpost.com/business/ci_15884623

Country Living with Incredible Mountain Views!!

2010-08-09T11:29:00.001-06:00

17635 Silver Fox Ct, in Mead Colorado is a unique home with the WOW factor!! Not your typical two story home, this contemporary home was custom built with high quality finishes and energy efficient features. Value priced at $469,900!

Click here for more information

Other reason we LOVE Longmont and Colorado!

2010-08-02T13:52:00.000-06:00

Not only is Longmont the gateway to Rocky Mountain National Park, it also is home to some great local beers, like Oskar Blues and Lefthand!!

http://www.chicagotribune.com/features/ct-trav-0801-denver-beer-road-trip-20100730,0,761116.story

620 Matthews #305, Fort Collins CO $69,990!!!!

2010-07-24T07:57:00.003-06:00

http://www.homesincolorado.com/mls=627638

This condo just steps from Old Town Fort Collins and close to CSU is a great buy. One bedroom, one bath. The complex offers an indoor, year round pool and recreation rooms. Just reduced to $69,900, you won't find a better buy in Fort Collins! Interest rates are great! Why rent?

Survey shows Colo. economy ready to grow

2010-07-02T09:40:00.000-06:00

http://www.denverpost.com/business/ci_15424583

3101 Almeria Way, Longmont CO 80503

2010-06-24T12:16:00.000-06:00

New listing in The Shores. 3101 Almeria Way is a former model home and offers many upgraded features. This home has 3 bedrooms, 3 baths, and a full basement. Hardwood flooring,gas fireplace, in a wonderful open floor plan that will delight you! Main floor hosts 2 bedrooms, living room, family room and main floor laundry. Upstairs has an open loft area that has many uses and also the Master Suite. The Master Suite has a huge walk in closet and private bath is separate shower and tub. The basement is nearly finished and has a set up perfect for another kitchen and a spa!! Just step from the large, heated pool, tennis courts and Macintosh lake. Macintosh lake has a 4 mile trail around it with amazing Mountain Views and offers many recreational opportunities!!

This home is priced at $249,900

Tour 3101 Almeria Way

Interesting interactive map to see the movement of people across the USA

2010-06-21T15:31:00.000-06:00

More than 10 million Americans moved from one county to another during 2008. The map below visualizes those moves. Click on any county to see comings and goings: black lines indicate net inward movement, red lines net outward movement.

Click here to view this interactive map

Denver is 'most improved' U.S. housing market, Businessweek says - Denver Business Journal

2010-06-14T10:51:00.003-06:00

Denver is 'most improved' U.S. housing market, Businessweek says - Denver Business Journal

Great news.....As our area never saw the intense highs live other areas, and with some great business's coming to the area, our outlook is great! If you are thinking of making a move...either buying that first home, or moving to a home more suitable for your lifestyle, now is the time. Interest rates are great and prices are still good. Yes, you may have to take a hit when you sell, but you have advantages of being a buyer in this market to make that change you have been wanting to. Contact Kathy if you would like to discuss your situation in detail. 22 years of experience selling real estate in the Longmont area is an asset and will help guide you in your real estate transaction.

Longmont Real Estate Market Update

2010-06-10T11:22:00.001-06:00

Here are the statistics for the real estate market in Longmont for the last 6 months. This includes single family homes and attached dwellings. As you can see, inventory (home on the market for sale) is up 15%. The amount of properties that are under-contract is up 45%!! Look at the properties that have sold, up 128%!! Of course, this is based on the last 6 months, so is taking data from December on. The winter months were not stellar for real estate sales, but this is a great indicator that the market is improving. A big swing was the home buyer tax credit, which has expired, but interest rates are low and home prices appear to have bottomed out. Now is the time....if you are a first time home buyer, or looking to move up, down or sideways...take advantage of the great prices and great interest rates!
Contact me if you would like more information.

2010-06-10T10:55:00.001-06:00

How to sell your home in today's market

2010-06-03T13:48:00.000-06:00

Want to sell your home in today’s real estate market? Let me give you some advice on how to do that, in a timely manner netting you the best price. First of all, find a good experienced Realtor who understands today’s market. (Yes, this would be me!!)

It’s important to have your home show the best it can. This means some good old cleaning….cleaning closets, getting rid or boxing up any extra items that are not essential. You are going to be moving anyway, so pack it up. This also mean going through the kitchen cabinets and organizing. Wash the windows; make the bathrooms sparkle and shine. Don’t forget the garage and basement.

Look at your home from the buyer’s eye. Make it sparkle and shine. Start with the entry way. Buyers need to find the home appealing from the first look, so clean the patio, weed, mow and make the yard look good. If buyers see weeds and a yard that needs cared for, they think of the work it will take. If buyers are interested in a fix up project, then they will be looking at distressed properties and you don’t want that to be your competition.

Here are some good links for staging ideas.
http://www.hgtv.com/decorating/13-home-staging-secrets/pictures/index.html
http://www.realtor.org/library/library/fg303

Price it right….it does not matter what the neighbor’s house is on the market for…what matters is what has SOLD. In today’s market, getting a buyer to write an offer on your house is one part of the sale, the other is making sure it will appraise. Appraisers only use the most resent sales….and it must appraise or the buyer will not be able to get their financing.

Look at homes you are in competition with…spend a few hours with your Realtor and preview these homes. This is your competition and in this market….you must want to stand out.

Remember, Realtors do not get paid until the house is sold and closed. Any Realtor that is willing to negotiate their fee will have the same negotiation skills when negotiating for you!

If you are considering making a move, contact me and I will be happy to provide you with all the information you will need to understand what the market is in your neighborhood.

2019 Terry #2, Longmont CO 80501

2010-05-18T14:52:00.001-06:00

New listing and short sale opportunity!!! Ranch style townhouse with main floor laundry, master bedroom has private bath. Full unfinished basement with rough in for 3rd bathroom and future expansion. Private, HOA maintained backyard with additonal storage. 1 car detached garage. Priced at 149,900

http://www.kathycrowder.com/

Longmont real estate market update!

2010-05-13T10:02:00.002-06:00

Here is the latest information about the housing market in Longmont Colorado for the past year, single family homes. This graph shows improvements in the market….Inventory is up a little, but look at the properties that have sold, up 72% from a year ago and properties under contract are up 69%. These increases have been driven by the Homebuyer tax credit, which expired the end of April. As the year progresses, we will see if this upward swing will continue. I certainly hope it does!!

17635 Silver Fox Ct, Mead CO, 80542

2010-05-02T09:53:00.001-06:00

Just listed, a fabulous home on just over 2 acres, 4-5 bedrooms, energy efficient home is priced well at $499,900. High tech wiring throughout. 2X6 construction, Radiant heat in all floors. Open, inviting floor plan with elegant features. Gourmet kitchen with high quality appliances, Cherry cabinets. Master suite offers luxury features such as vessel sinks in master bath, custom shower surround, large walk in closet and washer dryer hook-ups.
Over sized 3 car garage, walk out basement and just amazing views of lake and mountains.
This is a home not to miss!!

Tour 17635 Silver Fox Ct, Mead CO 80542 here.!!
www,kathycrowder.com

Louisville leaders approve initial ConocoPhillips plans

2010-04-21T09:09:00.001-06:00

Amy Bounds Camera Staff Writer
Posted: 04/20/2010 10:39:10 PM MDT

LOUISVILLE -- The City Council erupted into applause Tuesday night after unanimously approving ConocoPhillips' preliminary plans for a 2.5 million-square-foot campus off U.S. 36.

"It's just great," said Mayor Chuck Sisk, a self-described "cheerleader" for the project. "It's an important issue for the city of Louisville, the county of Boulder and the Denver metro area."

The Houston-based energy company is expected to submit final plans in July for its 432-acre property at the former StorageTek site.

While Tuesday's approval gave the green light to the overall concept, the final plans will provide details on everything from the exact locations of buildings to traffic impacts to building renderings.

"There will be a lot of details," said City Manager Malcolm Fleming. "Everybody can understand exactly what it will look like."

ConocoPhillips plans to build a global training center, research and development facilities and accessory developments in phases over the next 22 years, opening its first phase in 2013.

Tuesday's approval included an initial OK of the company's request to build 95-foot-tall research and development building -- which would be the tallest in the city -- and 65-foot-tall buildings in the office areas. Commercial buildings now are capped at 35 feet, so taller buildings require an exemption.

To have its 95-foot and 65-foot heights guaranteed, ConocoPhillips would need to submit a request for the city to grant the company a "vested rights" agreement. Otherwise, the council will make the decision on building heights when it approves the final plans.

The taller buildings are necessary to keep the site compact and to spur collaboration and innovation among employees, officials for ConocoPhillips have said.

The development is expected to take up 120 acres of the 432-acre site. About half of the campus is designated as private open space. Public use areas are on the perimeter.

The final plans are expected to include more details about trail connections and the company's public land dedication. The company's current plans involve dedicating nearly 39 acres of open space along the perimeter of the campus, plus a 40-acre parcel in Broomfield.

Read more: Louisville leaders approve initial ConocoPhillips plans - Boulder Daily Camera http://www.dailycamera.com/ci_14925510?source=most_viewed#ixzz0lkPrv28J

1349 Gay St, Longmont CO 80501

2010-04-19T16:27:00.000-06:00

1347 Gay slide show

Great old town location with spacious master suite!! Priced at $205,000

Time is running out for the Homebuyer Tax Credit!!

2010-04-18T09:46:00.001-06:00

It’s the last push for the Homebuyer Tax Credit. Buyers must be under contract with a home by the end of April and close by the end of June. We are seeing a lot of activity in the lower price range, as first time homebuyers have this last opportunity to take advantage of the $8000 tax credit. Homebuyers that have owned a home for the last five years are also eligible for at $6500 tax credit with the same time perimeters.

Word is that this credit will NOT be extended again. If you are interested in taking advantage of this tax credit, do not delay. Contact me if you would like more information

Google Fiber may come to Longmont!

2010-04-14T09:50:00.000-06:00

One of the great things about Longmont Colorado is the talent we have in our community!! Congratulations to all the finalists that submitted videos for the contest. Here they are Check them out here!!

How is the real estate market in your area?

2010-04-01T13:19:00.000-06:00

Click here to see what locations all over the USA are doing in the following areas:

•• The health of the local job market
•• Foreclosure rates
•• Housing inventory
•• Debt-to-income and mortgage-servicing-costs-to-income ratios

This information is from the National Assoication of Realtors and interesting to see how different the markets are across the nation. I would love your feedback...do you like the content I put in this blog or is there other things you would like me to blog about...thanks for your input!

8 Tips to Take Advantage of the Home Buyer Tax Credit before Time Runs Out

2010-03-29T14:05:00.000-06:00

RISMEDIA, March 27, 2010-RE/MAX agents report that the home buyer tax credit currently can deliver meaningful savings, but only for those who, at a minimum, have a binding contract to purchase a home in place on April 30, 2010. With that deadline bearing down, potential buyers who want to capture the tax credit had better get serious about home shopping.

"It is certainly possible to find a great home and get it under contract in a month or less, but doing it requires intense focus on the part of both the buyer and the buyer's real estate agent," said Jim Merrion, regional director of the RE/MAX Northern Illinois real estate network.

Two versions of the tax credit are still being offered: a maximum credit of $8,000 for first-time buyers (and those who last owned a home 3 or more years ago), as well as a $6,500 credit for current homeowners. Either way, the credit applies only to the purchase of a new principal residence costing $800,000 or less, and there are income restrictions and other limitations, including a requirement to close the sale before July 1.

How can buyers eager to capture the tax credit streamline their home shopping?

Here are some suggestions:

1. Get to Know Your Market: Buyers can do that using Internet sites that permit you to see the homes currently on the market, and by finding a good real estate agent who is ready to expedite the shopping process. "A capable agent can guide buyers through the home search process and save them a lot of time," contends Debbie Laskowski of RE/MAX Select in Chicago. "New listings can be emailed to buyers as they are posted, and buyers should stay on top of the market on a daily basis, seeing what properties are coming onto the market and which ones have sold."

2. Line Up Your Financing: Talk to a reputable lender right away and go through the pre-approval process. That will tell buyers quickly how much they can borrow. At today's extremely low interest rates, that amount may be more than many buyers imagined. But either way, the process will help buyers determine how much they are willing and able to spend on the home.

3. Start Narrowing Your Search: With a large inventory of homes to choose from in the current market, buyers won't have time to look at everything in their price range. By establishing specific criteria of the home they want, buyers can screen out homes that won't fit their needs. "If you can give your real estate agent answers to two questions: Where do you want to live, and how much can you invest, you should be well on your way to a successful home search," said Merl Carberry of RE/MAX Suburban in Arlington Heights, Ill.

"When it comes to geography, buyers should factor in their daily commute. Few of us want to be more than 45 minutes from work. If buyers need access to public transit, then that also shapes their choice, and if they have children, schools are going to be a factor. Ideally, you can narrow you search to one or two communities rather quickly."

4.Separate Needs from Wants: Buyers can look at fewer homes if they can tell their agent what features the home they buy must have and what features would be nice but aren't required. "When it comes to must haves, start with the basics," recommends Dan Bundy of RE/MAX Center in Grayslake, Ill. "How many bedrooms are needed? Is a separate home office essential or just desirable? Do you require a basement? Will a two-car garage be sufficient, or do you need something larger? And don't forget to consider the type of home. Are you interested only in a traditional two-story single-family detached dwelling, or would a ranch plan work just as well? And what about a townhouse?"

5. Consider Condition: In today's market, many of the best values are foreclosed homes that aren't in perfect condition. Buyers should decide up front if they are willing to tackle a home that needs work, and if so, how much.

"Buyers often have a hard time articulating what they will accept when it comes to condition," explained Jim Hannigan of RE/MAX Properties in Western Springs, Ill. "That's why it is important for a buyer to get out and walk through some properties with their agent as soon as possible. Buyers' reactions give an agent the clearest picture of their priorities."

6. Keep Things in Perspective: As nice as it may be to get the tax credit, don't let the desire to do so completely control your home search. "Some buyers are quick decision makers, and others aren't," noted Debbie Laskowski. "If you like to mull over important decisions, take the time you need. The tax credit is a great incentive, but an $8,000 credit equals just 2.5% of the price of a $320,000 home. Buying the wrong home can end up costing you a lot more."

7. Leave Time to Handle Standard Contingencies: The typical purchase contract may have several contingency clauses, for such things as a home inspection, attorney's approval, obtaining financing and even the sale of the buyer's current residence. Fortunately, standard contingencies in a contract won't prevent it from qualifying for the tax credit, according to Dan Bundy of RE/MAX Center.

However, "the more contingencies you have in a contract, the greater the risk that it won't close," said Bundy. For example, if an issue arises in the home inspection, and it can't be resolved, the buyer may want to find another house, but doing that after April 30 will mean losing the tax credit. Allowing time to work through the contingencies before the deadline reduces that risk.

8. Be Careful of Short Sales: If the home you want to buy is offered as a short sale, qualifying for the tax credit may become more difficult. "Short sales require that purchase offers be approved by both the seller and the sellers' lender, and lenders often are slow about responding," said Merl Carberry of RE/MAX Suburban. "Waiting for lender approval could leave you without a binding contract on April 30."

Google Fiber is considering Longmont!!

2010-03-24T17:15:00.000-06:00

Google is considering Longmont for Google Fiber....we have amazing talent in Longmont, this video was make by a local high school student!!

Please vote for Longmont..for more information and to vote click here!!

Open houses this weekend!!

2010-03-19T11:19:00.000-06:00

Saturday, March 20

11:oo to1 :00 I will be holding this great patio home open 2990 Bellmeade Way, Longmont CO 80503 This home is located in The Shores close to Macintosh Lake and Boulder County Open space. It is immaculate and has been very loved and cared for. Priced at 349,900

1:30 to 3:00 another open house at 1339 Gay St, Longmont, CO 80501 This bungalow has been updated with a newer kitchen, bath, paint and carpet....HUGE detached garage with alley access. Price at $142,500 and perfect for the first time home buyer wanting to take advantage of the $8000 tax credit.

Stop by and take a look!!

Tax credit for home buyers ending soon!

2010-03-15T14:45:00.000-06:00

If you are interested in taking opportunity of the homebuyer tax credit, time is runnning out!! You must be undercontract by the end of April to be eligiable for this tax credit. Contact Kathy if you would like to take advantage of this great credit AND the low interest rates. Buying a home has never been more afforable!!

Housing market snapshot from Colorado Association of Realtors

2010-02-04T14:11:00.000-07:00

Nearly three quarters of 4.9 million Colorado residents are homeowners.

Housing costs are a primary factor in determining whether a state can effectively attract and retain employees and businesses.

When a home is Colorado is sold...

Income generated from real estate related industries is $21,429
Additional expenditures on consumer items such as furniture, appliances and paint services is $5,311
It generates economic multipliers impact; there is a greater spending at restaurants, sports games and charity events. The size of this multiplier effect is estimated at $12,845

Homes sold by Colorado Realtors in 2009

59,156 single family units were sold in 209, a decrease of 12 percent compared to 2008. 13,258 Condo/Townhomes in 2009, a decrease of 13 percent compared to 2008.
The median price for a single family home was $ 214,584, a decrease of 12 percent compared to 2008, for condos/townhomes was $150, 333 in 2009, and 18 percent decrease from 2008

Who were the buyers?

Thirty-nine percent of recent home buyers were first time home buyers.
The typical first time buyer was 29 years old, while the typical repeat buyer was 47 years old.
The median income was $58,200 among first time buyers and $83,900 among repeat buyers
Twenty-one percent of recent home buyers were single women, 9 percent were single males.
When considering the purchase of a home, commuting costs were considered a very or somewhat important by 77 percent of buyers.

Foreclosures

The foreclosure rate has been a major issue in Colorado for the past five years. Blighted properties, lost tax revenues and displaced families have left both physical and emotional scars across the state
Colorado foreclosure filings dropped from 39,607 in 2007 to 39,143 in 2008. The preliminary numbers for 2009 foreclosures filings are up 2.39 percent, reaching 40,070 according to Realty Track. Many are anticipating 2010 to rise slightly.
Colorado Association of Realtors in conjunction with CBS4 and the Colorado Foreclosure hotline has started a Foreclosure Prevention Campaign to educate and help consumers choose the best option for their families when faced with this issue. The campaign also includes useful home buying and selling tips. Information can be found at http://cbs4denver.com/homehelp

Contact Kathy Crowder for all your Real Estate needs

Longmont Colorado 2009 Sales Statistics

2010-02-01T16:06:00.000-07:00

Tax Credit for homebuyers is a great opportunity!!

2010-02-01T15:45:00.000-07:00

If you are thinking of buying your first home, or moving up, this tax credit can help. Click here for more information. or call Kathy at 303-775-0206

Great Ski and Mountain Events Coming up in Colorado Ski Areas!!

2010-01-06T16:45:00.000-07:00

Fun things to do in Longmont CO this Holiday Season!

2009-12-07T11:17:00.000-07:00

http://www.ci.longmont.co.us/REC/special/longmont_lights.htm

There a lot's of opportunitys to enjoy and celebrate the Holiday Season in Longmont this year. Please see the link for more information.

New Short Sale Goverment Plan to help Homeowner avoid Foreclosure.

2009-12-03T13:19:00.000-07:00

Here is some great information on how the new government plan to help homeowners avoid foreclosure. I am a Certified Distressed Property Expert and can help you or someone you know avoid foreclosure. Please contact me if you would like more information.

This is great news. Some short sales have been a nightmare. I have one I am working on now that has had an offer on it for over 3 months. It has been a frustrating experience for everyone involved, the Seller, the Buyer and the Realtors. Some banks have been more responsive than others and I am looking forward to these new rules that will enable me to get the job done in a timely manner.

RE/MAX Video explains the new rules for short sales

Rules unveiled to speed housing "short sales"

2009-12-02T13:36:00.002-07:00

The Treasury Department just unveiled sweeping rules designed to speed up short sales. Homeowners can even get $1,500 to help cover their moving costs. The plan is designed to help who don't qualify for a loan modification under the Making Home Affordable program. Short sales reduce the damage to the borrower's credit record and save the lenders the cost of foreclosure. Short sales also help property values because the sales price is usually higher than what it would be in a foreclosure auction. Please see the full article for a list a qualifications. Short Sales have been a nightmare for seller's, buyers and Realtors so I hope this is enacted quickly.
http://www.denverpost.com/business/ci_13904478

Informative Video explaining the expanded and extended tax credit.

2009-11-21T10:26:00.000-07:00

Here are the answers to the questions many people have about the expanded and extended tax credit. Contact Kathy if you would like to take advantage of the time sensitive opportunity.

http://www.youtube.com/watch?v=1leN8E8BKTo

Stats for Longmont Real Estate, Year to date.

2009-11-12T11:29:00.000-07:00

Homebuyer Tax Credit has been Extended and Expanded!!

2009-11-06T10:39:00.000-07:00

The first time homebuyer tax credit has been extended and expanded!! It now includes a $6500 Tax Credit for existing homeowners who purchase another home!! If you are considering moving “up” this is a great opportunity. The demand for entry level homes has increased and there are some good buys out there for the move up buyers. The credit is available for the purchase of principal homes costing $800,000 or less, meaning vacation homes are ineligible. The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with incomes above $225,000.The credit is equal to 10 percent of the purchase price of a primary residence, up to a maximum of $8,000 for first-time homebuyers and $6,500 for others. Buyers who have owned their current homes at least five years would be eligible, subject to income limits, for tax credits of up to $6,500. First-time homebuyers — or people who haven't owned homes in the previous three years — could get up to $8,000. To qualify, buyers have to sign purchase agreements before May 1 and close before July 1. Contact Kathy if you are interested in taking advantage of this great opportunity!!

Homebuyer Tax Credit may expanded

2009-10-31T10:00:00.000-06:00

1st time home buyer credit, most likely it will be extended until next summer, AND MAYBE, once the house and senate reconcile the different proposals, there will be a $6,500 tax credit for NON-first time buyers! Yea!!! They are also looking at raising the income limits in order to allow more people to qualify for the tax credit. Right now it looks like buyers must have executed purchase agreements in hand by April 30th, and then will have until the end of June to close. Stay tuned as I am sure this will change a bit, but that is the latest news

Certified Distressed Property Expert

2009-10-28T17:39:00.000-06:00

I just finished a wonderful 2 day class to obtain my CDPE certification. This certification enables me to help people that are at risk of foreclosure. Our real estate market in Longmont has been dealing with foreclosures and short sales for some time. A short sale is when a seller must sell their home but owes more than it's worth in today’s market. We, the seller and I, negotiate with the lender to accept less than what is owed on the property to facilitate a closing. This process can be difficult and time consuming and the Seller must provide the lender with financial documentation and show hardship. It is very important that the Seller is willing and able follow through with all the documentation that is required and explains what has changed in their lives to make it difficult to make payments on the mortgage.

Realtors do not need this certification to help Sellers with short sales, but the knowledge I gained by taking this class will certainly be beneficial to everyone who is involved in a short sale. If you know anyone who may need this kind of help, please let me know.

click here for more information on short sales

Kathy Crowder RE/MAX Alliance, Longmont Colorado

DigitalGlobe's Analysis Center makes sense of the world through images - Longmont Times-Call

Realty Times - Relying On An Agent

Fixed mortgage rates rise above record lows

Fixed mortgage rates rise above record lows

Increase in short sales give market a little breathing room

Boulder Valley Economic Snapshot

Longmont has the best real estate values in Boulder County!

Economic Snapshot August, Boulder County

Economic Snapshot for Boulder Valley Real Estate

Hey, Presidential Candidates: Where are the New Ideas to Fix Housing?

Economic Snapshot for Boulder Valley Real Estate

572 E 16th Ave, Longmont CO 80504

Update from Longmont Area Economic Council

RE/MAX Alliance Recognized as #1 in the U.S. at the 37th Annual RE/MAX Convention in Las Vegas!

ConocoPhillips says asset sale won't impact Louisville plans - The Denver Post

Survey: More Than 70% of Homeowners Say Home Inspection Helped Them Avoid Potential Problems

Boulder County February 2011 Economic Snapshot

Real Estate Stats for Boulder County

Economic Outlook Digital Magazine!!

LAEC reports primary job gains for the Longmont area!

Economic Snapshot

Longmont FREE Holiday events!!

RE/MAX Alliance Market Updates: Boulder Valley Economic Snapshot - November '10

RE/MAX Alliance supports Operation Christmas Child

Economic Snapshot For Boulder, Weld and Larimer Counites

Boulder County Real Estate absorption rate

Some push for foreclosure freeze in Colorado

Million Dollar Views in Mead, Colorado

Homeownership is still a great investment!!!

Mortgage rates beat tax-credit benefits

Country Living with Incredible Mountain Views!!

Other reason we LOVE Longmont and Colorado!

620 Matthews #305, Fort Collins CO $69,990!!!!

Survey shows Colo. economy ready to grow

3101 Almeria Way, Longmont CO 80503

Interesting interactive map to see the movement of people across the USA

Denver is 'most improved' U.S. housing market, Businessweek says - Denver Business Journal

Longmont Real Estate Market Update

How to sell your home in today's market

2019 Terry #2, Longmont CO 80501

Longmont real estate market update!

17635 Silver Fox Ct, Mead CO, 80542

Louisville leaders approve initial ConocoPhillips plans

1349 Gay St, Longmont CO 80501

Time is running out for the Homebuyer Tax Credit!!

Google Fiber may come to Longmont!

How is the real estate market in your area?

8 Tips to Take Advantage of the Home Buyer Tax Credit before Time Runs Out

Google Fiber is considering Longmont!!

Open houses this weekend!!

Tax credit for home buyers ending soon!

Housing market snapshot from Colorado Association of Realtors

Longmont Colorado 2009 Sales Statistics

Tax Credit for homebuyers is a great opportunity!!

Great Ski and Mountain Events Coming up in Colorado Ski Areas!!

Fun things to do in Longmont CO this Holiday Season!

New Short Sale Goverment Plan to help Homeowner avoid Foreclosure.

Rules unveiled to speed housing "short sales"

Informative Video explaining the expanded and extended tax credit.

Stats for Longmont Real Estate, Year to date.

Homebuyer Tax Credit has been Extended and Expanded!!

Homebuyer Tax Credit may expanded

Certified Distressed Property Expert