Sometimes the condition of the home to be renovated keeps the buyer from obtaining more traditional financing for the purchase. (Photo: Brett Jordan, Unsplash). The housing supply in the core and close-in areas of our Front Range cities is aging, especially in the single-family home category. There is a strong desire to live in […]
Rising interest rates decrease purchasing power
In general, as interest rates rise, the homebuyer loses about 3% of purchasing power for every .25% in interest rate increase. Today’s market is tough on first time buyers. The inventory of homes and condos purchased by first-time buyers continues to be low, and along with inflation, home prices are being pushed upward in […]
Reasons for the shortage of homes to buy, Part 1
According to Todd Gullette, RE/MAX of Boulder Managing Broker, the start of 2022 showed a continuing record-low number of homes available to buy. In fact, as of March 2022 there were only a total of 307 single family homes listed as available in the IRES Multiple Listing System (MLS) in all of Boulder County. For […]
Colorado construction defect law and the build-to-rent trend
Colorado’s first construction defect law dates back to 2001 when the first version of the Construction Defect Action Reform Act (CDARA) was introduced. Since that time, CDARA has created the framework for how construction defect litigation and arbitration are conducted in the state of Colorado. The state legislature has made several amendments to CDARA […]
June is Homeownership Month because homeownership matters
In 2022, homeownership is more important than ever before in the U.S. We live in a world that pressures us to rent everything – and love it. Think about it: we can rent a scooter to get around, we can use an app for car rides, we can rent clothing, we can rent workspace, we […]
Learning to live with the risk of wildfires
The risk of wildfire is a fact of life in Boulder County. A variety of fire prevention resources are available. (Photo: Josh Fields/Pexels). The risk of wildfire is a fact of life in Boulder County. Prior to the Marshall Fire and fires in South Boulder, I’m sure many of us considered wildfire risk an issue […]
Build your real estate wealth one owner-occupied home at a time
Most people start investing real estate by buying their personal residence. (Photo: Pexels). Most people start investing real estate by buying their personal residence. Yet the majority of Americans will stop there in terms of building their real estate portfolio. This is because when people are motivated to buy their first investment property, they […]
The new reverse mortgage Part 1
When it comes to buying a home, you’re never too old. (Photo: Pexels). The Aging at Altitude Expo was held at the Boulder Jewish Community Center on April 23. One of the sessions at the conference explained reverse mortgages as a financial tool for those who are 62 years of age and over. The […]
Wondering if you’re too old to buy a home?
When it comes to buying a home, you’re never too old. (Photo: Pexels). In the spirit of the Daily Camera’s upcoming event, Aging at Altitude Expo, on Sat., April 23, I thought it would be a good time to talk about buying a home during your senior years. Many baby boomers did not buy a home […]
Co-signing a mortgage for a relative Should I or shouldn’t I?
Frequently, first-time homebuyers will turn to relatives to help with a down payment or to co-sign on the loan. However, all the parties involved need to be very aware of the pitfalls before agreeing to this arrangement. (Photo: Pexels). In Boulder County, home prices have risen to record highs in a housing market with […]