According to Lou Barnes, a local mortgage broker who is frequently quoted in the national press, when the 10 year treasury yield hits about 3.33%, we’ll be back to 5% 30 year mortgages. Right now, the 10 year treasury is around 2.775%, up about 1.1% in just a few months. However, it has stabilized. The big question those in the investing world are asking is whether the yield will continue up, or go back down. If you watch my video, you’ll see that I believe the yield will go back down. But, as Lou points out, the correlation between the ... Read More
In October, 276 (75%) of the 366 markets showed monthly home value appreciation, and 228 (62%) of the 366 markets saw annual home value appreciation. Among the top 30 metros, 29 experienced monthly home value appreciation and 26 saw annual increases. This is a great sign, and fills me with optimism going forward. This is a good leading indicator for a sustained recovery. Click here for full Article 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
While I’ve mentioned in the previous blog that the economy is not quite as bad as everyone is led to believe (still not rosy though), one area that has been particular hurt is residential housing. If you’ve been following my blogs you know I’ve been saying this for quite some time. Here’s a good article where Warren Buffett says exactly that. I knew I liked that guy. CLICK FOR BUFFETT: HOUSING IS IN A DEPRESSION 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
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The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large capitalization stocks with dividends reinvested.
The Standard & Poor’s 500 Index (“S&P 500”) is an unmanaged, market capitalization weighted index of 500 widely held stocks, with dividends reinvested, and is often used as a proxy for the stock market.
The Nasdaq Composite is an unmanaged, market capitalization weighted index of stocks listed on the Nasdaq Stock Exchange, and are reported as price return without reinvestment of dividends.
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