Mortgage rates are going back up, and will more than likely stay up. However, they’re still very low from a historical point of view, with the normal being over 5.5% Why the increase? 1. The Fed is going to stop bolstering the housing market 2. The economy is no longer reeling 3. 3.3% rates were unprecedented For a deeper discussion of this, click on the link below Farewell 3% Mortgage Rates Read More
I make no secret of the fact that I’m a huge Lord of the Rings fan, along with the prequel The Hobbit. Not that I’m counting or anything, but there are only 224 days left until December 13th, when “The Hobbit: The Desolation of Smaug” opens in theaters. If you’ve read this far down in the newsletter, you have no one to blame but yourself for this random piece of information. I’ll keep you posted as the year unfolds. Read More
Nice article on the national scene about our local Boulder housing situation. Lou Barnes from Boulder West believes prices have bottomed out, even if “a recovery is something else”. Good, interesting article. Be sure to click on it. Boulder Colorado Housing Read More
I care about you, your family, and your property. I want you to be safe. Here are 7 Mistakes that can make you a target for burglary 1. Leaving the burglar alarm off when you’re running out for a few minutes 2. Posting detailed alarm signs 3. Hiding valuables in the bedroom Click for the rest of the list……. Read More
Every wondered what the 2008 Financial Crisis was all about? The Big Short by Michael Lewis is a good, gripping book that explains much of it. I highly recommend it. But what are some of the lessons we can take from this crisis as outlined in the book? That’s what this week’s video is about. Take 4 minutes to watch/listen to it. Read More
Locally (Boulder and Broomfield), we saw home sales drop by 11%. I just had breakfast with a real estate friend of mine and he mentioned that ranch homes, particularly in the Frasier Meadows subdivision, are some of the most rapidly moving. Who would have thought that? This is not a particularly good time to sell your home, but if you’re buying then it’s definitely in your favor. CLICK FOR FULL ARTICLE Read More
If you look back at my 3rd Quarter Preview (here) I mentioned I forecast the 3rd quarter would be up. That’s proving to be a great move (if I do say so myself). But what makes me nervous? This article sums up a lot of my feelings. Does that mean I’m bearish for the 4th Quarter? I guess you’ll have to wait until my 4th Quarter preview in a couple of weeks to find out. Click on this link for FULL ARTICLE Read More
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The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large capitalization stocks with dividends reinvested.
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