March 12, 2010

Jobs Takeoff In The Boulder Valley

Posted by Michael Hughes   March 13, 2010

Okay so it’s not Boulder county but it is nearby and nonetheless a great sign for the entire Boulder Valley. Transfirst a payment processing company headquartered in New York will more than likely be moving to Broomfield. If the company does move to Broomfield it will bring 525 jobs with them surely a great sign for the area.  Tax rebate deals have been offered but not accepted at this point.  Keep your fingers crossed. If you will be moving here with this company and want to buy a home in Boulder give me a call.

If you have questions regarding this article or are thinking you will Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

March 10, 2010

Boulder Bests All

Posted by Michael Hughes March 11, 2010

Boulder accolades. Best place to live (thrive), best place to cycle (indoors or out-road or mountain), best place to run, best restaurants, best place to people watch, best place to go to college, best place to raise your kids, best place to own a dog (33% own dogs), best place to entertain guests, best place to imbibe in adult beverages, best vegetarian food, best place to work, best view, best star, best open space, best views, best air, best coffee, best blue sky’s, best farmers market, best tubing, best Buddhist community, best gay friendly , best natural foods stores, best community gardens, best public schools, best swim teams,best climbing (indoors or out),best outdoor theater, best creek path, best catch and release, best world affairs conference, best 300+ days of sunshine,best historic neighborhoods, best place to buy a home in Boulder, best, best, best.  If it is in Boulder it has been named the best.

If you have questions about this article or if you are interested in buying a home in Boulder please feel free to call Michael at Fuller Sotheby’s International Realty. You can also visit my website.  Please leave a comment.

March 10, 2010

HAFA Not The Crowbar We Need

Posted by Michael Hughes   March 10, 2010

Washington perpetuates the Short Sale into a Foreclosure problem with their half baked programs to fix problems that took years to create.

Here is the analysis by the NY Times:

The problem is highlighted by a routine case in Phoenix. Chris Paul, a real estate agent, has a house he is trying to sell on behalf of its owner, who owes $150,000. Mr. Paul has an offer for $48,000, but the bank holding the mortgage says it wants at least $90,000. (known as a short sale) because the bank will not accept the offer the frustrated owner is now contemplating foreclosure.

To bring the various parties to the table — the homeowner, the lender that services the loan, the investor that owns the loan, the bank that owns the second mortgage on the property — the government intends to spread its cash around.

Under the new program, the servicing bank, as with all modifications, will get $1,000. Another $1,000 can go toward a second loan, if there is one. And for the first time the government would give money to the distressed homeowners themselves. They will get $1,500 in “relocation assistance.”

This is not incentive enough for a bank to have a decisive moment. It makes no sense. The reality is that Washington has not been able to create a program to fix the problem. It’s not working. The reality of the housing market is far from Washington bureaucrats.

If you have questions regarding this article or are thinking you will Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

March 9, 2010

Amazon Drop Kicks Colorado

Posted by Michael Hughes    March 9, 2010

HB-10-1193 Is Bad for Colorado Business. Like many bills the government of Colorado has passed, this one is anti-Business. Read the entire Story about why more Coloradans will lose their livelihood due to Colorado government.

If you have questions regarding this article or are thinking you will Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

March 7, 2010

Frozen Dead Guy Days

Posted by Michael Hughes    March 7, 2010 Please leave a comment

Frozen Dead Guy Days, is the annual celebration of the cryogenically frozen man stored near the town of Boulder in Nederland, Colorado. It’s a three day festival of bizarre balls, music, the Parade of Hearses, followed by a Polar Plunge (typically colder than the one at Boulder Reservoir on January 1st, but not this year because it was 50 degrees) and last but not least the coffin races. Attendance was higher this year than in previous years due to the extremely warm weather. The festival also has tours of the “Frozen Dead Guy” himself. To read the entire story go to the Frozen Dead Guy Story. It’s one of those things that you say “only in Boulder” and then you realize, it’s not. If you aren’t interested in the Frozen Dead Guy Days but on how to buy a home in Boulder give me a call.

The problems have been minimal and the festival appeared more family-oriented than in the past. More info on The Frozen Dead Guy Days.

If you have questions regarding this article or are thinking you will Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

March 4, 2010

Global Housing Market

Posted by Michael Hughes            March 4, 2010

While 2009 was an extremely weak year for the world’s housing market, it ended with most countries on track for recovery. If you are going to buy a home in Boulder, now is the time. While the pacific rim grew in price, North America and Europe remain in varying degrees of market hardship. The world’s housing markets are definitely recovering. Read the story, Global Housing Markets Recovering. Please leave a comment.

If you have questions regarding this article or are thinking you will Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

March 3, 2010

The Boulder V

Boulder Colorado Velodrome

Posted by Michael Hughes   March 4, 2010

The velodrome, in Boulder, which opened in January 2009, is a wooden oval track with 45-degree banked turns. The weather may be less than desirable outside but indoors it’s business as usual with racers putting their skills to the test. From beginners to pros all are welcome at the V.

Former Olympians and professionals coach at the V. There are team competitions and relays. Sponsors of the teams are Google, Vic’s Espresso, and several others.

All of this is easily accessible from anywhere in Boulder County. Preparing for your summer racing season? This is the place to be.

Go here to read the entire article on the Boulder Velodrome.

If you have questions regarding this article or are thinking you will Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

March 2, 2010

Billionaire Buffett Says…

Housing Market Recovers

Posted by Michael Hughes   March 2, 2010

Warren Buffett sees housing market bouncing back by 2011. The billionaire said the U.S. will recover from the residential real estate slump by 2011 as demand for houses catches up with the supply that accumulated during the bubble. My thought is yes it will recover to normal supply and demand absorption rates but it may be more like late 2011. Prices are so good now if your going to buy a home in Boulder do it now.

Buffett went on to say “Within a year or so, residential housing problems should largely be behind us,” “Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender hurt by this there will be a buyer who benefits. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now find it well within their means.” Overpriced markets will come more back into line. Buying a home in Boulder will never be more economical than right now. Read the entire story about the housing market bouncing back.

If you have questions regarding this article or Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO

March 1, 2010

Skinjure Mortgage Rates

Skinjure (def):The horrible pain that comes from pulling a bandage off of hairy skin. v. To inflict pain or injure when removing a bandage.

Posted by Michael Hughes March 2, 2010

The Fed has made it clear: Rates are going up. Higher interest rates are coming. That was the unmistakable message from the Federal Reserve recently when it increased the discount rate, the rate it charges banks for borrowing reserves. Although the move came sooner than many had expected, it was a healthy step toward more-normal conditions and a sign the banking system is healing.

Higher interest rates in the U.S. will mean a stronger dollar (it’s already been rallying). With the fed not buying mortgages and artificially keeping rates low,  higher mortgage rates will be here shortly. Now, now, now is the time to buy a home in Boulder. Never a better time; low rates, low prices, govt buyer incentives, available money for people to borrow.

If you have questions regarding this article or want to talk about how to Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO. I work with you at your pace whether that’s 2 weeks or years I work with you at your pace.

March 1, 2010

Tectonic Death Zone

Posted by Michael Hughes   March 1, 2010

Six weeks ago, a large earthquake devastated Haiti and killed over 200,000 people. Saturday, a huge earthquake releasing 500 times more energy, devastated Chile and killed hundreds.

Why the difference in the number of casualties? A couple things; proximity to tectonic plates and poverty.  The earth has mobile plates thousands of miles square. If they move look out! South America is a prime example of this process, off Chile there is a tectonic plate. It has been moving for over one hundred million years. In the last one hundred fifty years it has moved about 130 feet!

Tectonic plate squeezing has formed the Alps, the Rockies, the Himalayas, and Tibet. The location of these plates let us know where most earthquakes will occur, unfortunately up to now not when. Poverty is what kills most people during an earthquake. If a country is impoverished it stands to reason that the shelter they live in or around will have been poorly built.  Haiti is a tragic illustration of this. Weak building materials and poor construction standards share much of the blame. Notice the contrast Haiti’s earthquake measuring 7.0  had 200,000 casualties* and Chile’s earthquake measuring 8.8 had about 700 casualties*!

*Casualties are being adjusted as the numbers come in.

The countries most at risk of seismic tragedy are not simply those on tectonic plate boundaries, but also those with the least money to spend on creating strong infrastructure.

Whole earthquake story.

If you have questions regarding this post or want to look at how to Buy A Home In Boulder please call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO