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Longmont-area events for the week of Oct. 26: Halloween Parade

by Cory Dudley
Longmont-area events for the week of Oct. 26: Halloween Parade

39th Annual Halloween Parade & Trick or Treat Street begins in Roosevelt Park, 700 Longs Peak Ave., Longmont at 9:30 a.m. Saturday. The parade will travel down Main Street. (Times-Call file)

 

Today

• Creatures of the Night — Learn about the adaptations and behaviors of animals of the night, 4:15 p.m. today, Erie Community Library, 400 Powers Street, Erie. Go to www.mylibrary.us.

• Open Mic with Denny Driscoll — Live music, 6 p.m. today, Bootstrap Brewing Company, 6778 N 79th St., Niwot. Go to bootstrapbrewing.com.

• Creatures of the Night — Learn about the adaptations and behaviors of animals of the night, 6:30 p.m. today, Carbon Valley Regional Library, 7 Park Ave., Firestone. Go to www.mylibrary.us.

 

Tuesday

• Storytime and Halloween Costume Parade — Kids can enjoy a fun story or two and then parade over to the Civic Center in their costumes, all ages welcome, registration is not required, 10:15 a.m. and 11 a.m. Tuesday and Wednesday, Longmont Public Library, 409 Fourth Ave., Longmont. Call 303-651-8470.

• Stories with Spirit presents "Something Wicked" — An evening of live professional storytelling, 7 p.m. Tuesday, Still Cellars, 1115 Colorado Ave., Longmont. Cost is $10. Go to www.stillcellars.com.

 

Wednesday

• Author reading with Laird Hunt — Author Laird Hunt will give a literary reading of his new book, "Neverhome," followed by a question and answer session and a book signing, 12:30 p.m. Wednesday, Front Range Community College, 2121 Miller Drive , Longmont. Call 303-678-3736.

• Day of the Dead Altar Builder Workshop — Explore the traditions of Día de los Muertos (Day of the Dead), a celebration of love and remembrance dating back to pre-Hispanic times in Mexico that is beginning to spread worldwide. Build an altar to be displayed at the museum or in your home and learn what makes this tradition so special, 7 p.m. Wednesday, Longmont Museum, 400 Quail Road, Longmont. Registration is required. Cost is $40. Go to longmontcolorado.gov.

 

Thursday

• Views & Brews Halloween Film Series with "Rocky Horror Picture"— Screening of classic and cult Halloween films, 6 p.m. Thursday, Longmont Museum, 400 Quail Road, Longmont. Cost is $8. Go to longmontcolorado.gov.

• Fort Collins Chamber Music Society presents "Classical Revolution" — The Classical Cure for the Colorado Masses! We are delighted to continue this series of live chamber music performances at the art house, 7 p.m. Thursday, Still Cellars, 1115 Colorado Ave., Longmont. Cost is $10. Go to www.stillcellars.com.

• Haunted Longmont — Local author Richard Estep will be discussing the research and stories behind his three books, "Haunted Longmont," "In Search of the Paranormal" and "The World's Most Haunted Hospitals," 7 p.m. Thursday, Longmont Public Library, 409 Fourth Ave., Longmont. The program is best for adults and teens. Registration is not required. Go to longmontcolorado.gov .

 

Friday

• Trunk or Treat — Bring your ghouls and goblins, superheroes and princesses for fun and safe trick or treat adventure. Brighten the day of our residents and join The Peaks Care Center staff in the parking lot off Main Street and 15th Avenue, 4 p.m. Friday, The Peaks Care Center, 1440 Coffman St., Longmont. Call 303-776-2814.

• Trunk-or-Treat — Safe, family-friendly trick-or-treating for costumed boys and girls. Trick-or-treating outside; hot cocoa and games inside, 5 p.m. Friday, Longs Peak United Methodist Church, 1421 Elmhurst Drive, Longmont. Call 303-776-0399.

• Haunt in the 'Mont — A business crawl through downtown Longmont. Participating businesses will have "treats" for all participants. All proceeds will go directly to The Education Foundation for the St. Vrain Valley, 6 p.m. Friday, Historic Downtown Longmont, Main Street and Third Avenue, Longmont. Cost is $20. Go to hauntinthemont.com.

• Clue: Killer Food — It's after hours, and the library has transformed into a wickedly goofy scene of crime. All your favorite fast food characters are trying to track down a killer at their restaurants. Come play this live version of Clue, 6:30 p.m. Friday, Erie Community Library, 400 Powers Street, Erie. Go to www.mylibrary.us.

 

Saturday

• 39th Annual Halloween Parade & Trick or Treat Street — March on Main Street and visit participating downtown merchants for Trick or Treat Street following the parade, 9:30 a.m. Saturday, Roosevelt Park, 700 Longs Peak Ave., Longmont. Go to longmontcolorado.gov.

• Sixth Year Birthday/Halloween Party — Candy after the parade, cake in the afternoon, costume contest all day, and author signings from 1 to 5 p.m., 10:30 a.m. Saturday, Barbed Wire Books, 504 Main St., Longmont. Go to www.barbedwirebooks.net.

•Trick or Treat Street — Heart of Longmont Methodist Church is hosting its annual Trick or Treat Street with candy, crafts, prizes, costume contest and more, 11:30 a.m. Saturday, Heart of Longmont Methodist Church, 350 11th Ave., Longmont. Go to heartoflongmont.org.

• Halloween Herb Class — Embrace your inner witch or warlock with certified herbalist Jill Cohen at her Halloween herb class, 1:30 p.m. Saturday, Pachamama Farm, 10771 North 49th St., Longmont. Cost is $30. Go to pachamamafarm.com.

 

Sunday

• Felonius Smith Trio — Live music, 6 p.m. Sunday, Oskar Blues Grill & Brew, 303 Main St., Lyons. Call 303-823-6685.

• PhotoJAM A place to showcase photography with other photographers and photo buffs, 7 p.m. Sunday, Lyons Cinema and Photography Art Center, 442 High St., Suite 2, Lyons. Cost is $5. Go to lyonscinema.com.

Where Will Home Prices Be Next Year? [INFOGRAPHIC]

by Cory Dudley

Where Will Home Prices Be Next Year? [INFOGRAPHIC]

Where Will Home Prices Be Next Year? [INFOGRAPHIC] | Keeping Current Matters

Some interesting facts:

  • 25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year.
  • 25 state and the District of Columbia are forecasted to experience a slow in appreciation.
  • All 50 states & D.C. are forecasted to achieve some level of positive price appreciation.

Even though each state is appreciating at different levels, you need to know the Cost of Waiting until next year to buy your dream home!

Buying a Home Remains 35% Less Expensive than Renting!

by Cory Dudley

Buying a Home Remains 35% Less Expensive than Renting!

Buying a Home Remains 35% Less Expensive than Renting! | Keeping Current Matters

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States.

The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in Sarasota (FL), and 35% Nationwide!

The other interesting findings in the report include:

  • Interest rates have remained low and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation. “In the past year, these two trends have made homeownership even more affordable compared with renting.”
  • Some markets might tip in favor of renting if home prices increase at a greater rate than rents and if – as most economists expect – mortgage rates rise, due to the strengthening economy.
  • Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying – and rates haven’t been that high since 1989.  

Bottom Line

Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, lock in your housing cost with a mortgage payment now.

Applying For A Mortgage: Why So Much Paperwork?

by Cory Dudley

Applying For A Mortgage: Why So Much Paperwork? | Keeping Current Matters

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form.

Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.

There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.

  1. The government has set new guidelines that now demand that the bank prove beyond any doubt that you are indeed capable of affording the mortgage. During the run-up in the housing market, many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government wants to make sure this can’t happen again
  2. The banks don’t want to be in the real estate business. Over the last seven years, banks were forced to take on the responsibility of liquidating millions of foreclosures and also negotiating another million plus short sales. Just like the government, they don’t want more foreclosures. For that reason, they need to double (maybe even triple) check everything on the application.

However, there is some good news in the situation. The housing crash that mandated that banks be extremely strict on paperwork requirements also allowed you to get a mortgage interest rate probably at or below 4%.

The friends and family who bought homes ten or twenty ago experienced a simpler mortgage application process but also paid a higher interest rate (the average 30 year fixed rate mortgage was 8.12% in the 1990’s and 6.29% in the 2000’s). If you went to the bank and offered to pay 7% instead of <4%, they would probably bend over backwards to make the process much easier.

Bottom Line

Instead of concentrating on the additional paperwork required, let’s be thankful that we are able to buy a home at historically low rates.

Are Millennials Finally Entering the Market?

by Cory Dudley

Are Millennials Finally Entering the Market?

 

Are Millennials Finally Entering the Market? | Keeping Current Matters

It appears that Millennials are finally beginning to enter the housing market. In a recent report, CoreLogic looked at the annual net change in household formations over the last decade (see graph below):

Household Formations | Keeping Current Matters

It appears this is the year that Millennials are finally moving out of their parents’ basements and finding a place of their own. And they are not all renting

According to the National Association of Realtors’ latest Existing Home Sales Report, the percentage of first–time buyers rebounded to 32 percent in August, up from 28 percent in July and matching the highest share of the year set in May.

What has kept the others from buying a home?

Recent surveys have revealed that there are major misunderstandings as to what is required to get a mortgage in today’s lending environment. Many Americans believe you need at least a 780 FICO score and a 20% down payment.

In reality, neither is required. Here are the mortgage statistics (FICO score, % of down payment, mortgage interest rate and debt-to-income ratio) for Millennials who have completed the mortgage process in the first half of this year according to realtor.com:

Millennial Mortgage Statistics | Keeping Current Matters

Bottom Line

More and more Millennials are beginning to enter the housing market. As they begin to better understand the mortgage process, we will see even greater numbers buying a home.

The Winning Team Real Estate Group Monthly Market Report: September 2015

I hope you like this month's graph. I really like how it shows the relationship among inventory, sales volume and average price. The blue line very clearly shows sales volume peaking around July of each year. Each peak is then followed by a drop of 50% or more in December/January. Despite the strength of this years' market, don't hold your breath for anything different to happen this winter. This is eight years of data that's as predictable as an atomic clock.

If you’ve been reading that we have a housing inventory crunch it’s true, and we still do. We have 35% the number of listings as back in 2007. Our buyers have come to understand this problem, but when you plot this lack of inventory against the sales volume, it's simply shocking that this lower inventory level can produce 25% more sales. Note: even if a home is listed and goes under contract immediately, it's still counted here since the inventory number includes everything active and under contract. We’ve actually heard panic from a couple of fellow Realtors who had a home NOT go under contract its first week on the market. As a Seller just remember to breathe and lower your expectations because we are not in a multiple offer, first day on the market situation anymore... Trust me… that’s a good thing and values are up! Right now Days on Market is at 55 days up from 32 days this mid-summer. Remember 55 days is still way shorter than historical norms.

Sellers remember Buyers are more active than ever right now. They understand that during the Fall and Winter months homes are now selling at a more realistic pace. Couple that with a little less competition it makes for an excellent time to be a buyer.. so Sellers take advantage of this opportunity and also know that now’s also a perfect time for you to be looking for that perfect replacement property.

I hope this has been helpful. Remember we’re always here to support your efforts!

Longmont Area Stats

Please click the link to access the September 2015 Longmont Area Sales Statistics. 
Here are a few highlights:

  • Longmont September Sold +32.6%
  • Carbon Valley YTD Closed +41.08%
  • BoCo Plains YTD Closed +12.9%
  • Longmont Attached YTD Closed +31.5%

Longmont Stats for September 2015

Denver Metro Stats

 Residential Resale Statistics
 

(Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert & Jefferson Counties)

Complete Report available for review.

Highlights for September 2015

  • Single Family Detached homes units sold: Up 1.4% from last year at this time (3380 units)
  • Average Sold price on SFD’s: Up 11.6% from last year at this time ($400,613)
  • Days on market for SFD’s: 22.6 days for September 2015
  • Condo/Townhome sales: Up 4.2% from last year at this time (1450 units)
  • Average Sold price for Condo/Townhome: Up 13.7% from last year at this time ($251,438)
  • Days on market for Condo/Townhome : 16.3 days for September 2015

*This representation is based in whole or in part on content supplied by REColorado®, Inc. REColorado® Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by REColorado®, Inc. may not reflect all real estate activity in the market.
 

Prevent winter damage and boost energy efficiency

by Cory Dudley
Prevent winter damage and boost energy efficiency by ticking off these to-dos before cold weather hits
 
 
 
Fall is a good time to take care of big home repair projects before shorter days (and in many areas, ice and snow) make outdoor work too difficult. And if you do live in an area with cold winters, take some time this fall to boost energy efficiency throughout your home, and prevent damage from winter storms with proper tree care (we spoke with an expert to find out what you need to do). Tick these 15 items off your list this season, and you can rest easy knowing that your home and yard are buttoned up and ready for winter.

Old Town Pumpkin Patch

by Cory Dudley

Join the Winning Team Real Estate Group at our
Old Town Pumpkin Patch!
FREE pumpkins, treats, and prizes! 

When: This Thursday & Friday (10/22 & 23)  |  3-6 PM

Where: 522 Kimbark St., Longmont, CO 80501

Questions? Call us! 303-776-4004 or email us: christa@justlistedcolo.com

Pumpkin Patch at Old Town Invitation

Do you have an Annual Home Maintenance Calendar?

by Cory Dudley
How To Set Up an Annual Home Maintenance Calendar

Whether you own or rent your home, whether it's an apartment or a house, it'll need maintenance this year. Make your life easier and a little less stressful by planning out your home's maintenance for the whole year all at once, filling out an annual calendar and setting yourself reminders so you stay on track all year long!

1. Figure out the tasks your home needs to stay maintained
So everyone's home will be different. But start by making a list of things that you already do or should do (and you sometimes forget). You can also look on your lease; it often includes a list of tasks that need performing occasionally throughout the year. Those who live in homeowner associations might also find task ideas by looking at that information. You can search online for annual home maintenance list suggestions. Or you can use our handy suggestions list below!
 
2. Organize the tasks on your list by how often they need to be done
Some home maintenance tasks are a once-a-year kind of thing, others should be done only a few times a year and other items once per month. Again, you can look to multiple resources to find time frame suggestions, but also think about how you've used your home in the past and consider how often your family's space might need certain tasks performed or maintained.
 
3. Make calendar entries for each task — and this is the important thing — set a reminder.
The last and most important step is to fill in your calendar. Consider what your typical year looks like and when these tasks might best fit into your schedule. Look at the list below for a good idea of what time of year to perform some tasks. Pick the tasks that work for your home type.

Taking the time to get organized with your home maintenance now is a great way to not have to really think about these tasks all that much until the time comes to do them. Want to be even smarter about it? Also list the materials you'll need to complete these tasks in the reminders (like making sure you buy batteries for smoke detectors) so you don't end up skipping anything!

And that's it! Creating a home maintenance calendar in one sitting in the beginning of the year is a simple thing you can do that can have a huge and positive impact on your home for the rest of the year.

A sample list of home maintenance tasks to add to your calendar:

(But please remember, these are just suggestions. Your home might need more, less or different tasks to keep it in shape all year!)

Once a year
  • Anytime: Flush hot water heater
  • Anytime: Review renters or homeowner's insurance and photograph any new items before it's time to renew your policy
  • Anytime: Build or refill your disaster preparedness kit
  • Early Spring: Aerate your lawn
  • Early Spring: Book an AC inspection
  • Summer: Book a chimney sweep
  • Early Fall: Book a heat inspection
  • Late Winter: Check and repair your window screens before beautiful spring temperatures
Every six months
  • Late Spring and Late Fall: Reverse ceiling fan direction
  • Check/change batteries in smoke and co2 detectors
  • Clean exterior dryer vent
  • Vacuum fridge coils
  • Wash windows
  • Do a home safety check where you test smoke detector batteries, check all locks, and look for things like loose knobs, shelves, tripping hazards and more.
  • Clean out your gutters
Every 3 months
  • Wipe down inside of fridge and replace baking soda in fridge
  • Flip your mattress and vacuum your mattress and/or box spring
  • Clean baseboards and trim
  • Inspect and reseal grout/caulk as needed in tiled areas
  • Wash range hood ventilation filters
Every 1 - 2 months
  • Change air filters (Pro-tip: Buy a year's supply of filters to store at once.)
  • Clean and freshen your garbage disposal

The Winning Team Real Estate Group at Old Town Real Estate Co.
522 Kimbark Street • Longmont, Colorado 80501 | o:303.776.4004 • c:303.641.8597 • f:303.776.4661
Email: cory@justlistedcolo.com  Connect:  Twitter | Facebook | LinkedIn

Over 23% Thinking of Selling. Why the Hesitation?

by Cory Dudley
Over 23% Thinking of Selling. Why the Hesitation?

 

Over 23% Thinking of Selling. Why the Hesitation? | Keeping Current Matters

 

Last month, the National Association of Realtors (NAR) reported that housing inventory was down 4.7% from the same time last year and that the month’s inventory of homes for sale stood at 4.8 - far below the six months necessary for a normal housing market. Why is there such a shortage of inventory?

The recently released Homeowner Sentiment Survey suggests that the American homeowner may not be fully aware of the opportunities that exist in the current real estate market. The survey, conducted by Edelman Berland for HSF Affiliates, also reports that many homeowners would be placing their home up for sale if they were better informed about today’s market.

Since the housing industry is facing a shortage of housing inventory, the survey’s findings are crucially important.

The survey reported that 23% of current homeowners questioned are considering selling their home, but haven’t yet put it up for sale. That’s almost one out of every four houses. This is the inventory necessary to normalize the balance between “supply & demand” in the current market.

Why are potential sellers hesitating?

The survey shows that 55% of the 23% contemplating selling “would be more likely to put their homes on the market if given more information about the process”. What information do they need?

Here are a few of the challenges that potential sellers perceive to exist according to the survey along with what is actually happening in today’s market:

1. More than half (53%) don’t realize that “the number of homes for sale on the market is lower, giving buyers fewer choices”. As a matter of fact, only 6% of potential sellers believe that listing inventory has recently decreased.

In reality, as we mentioned before, inventory is down from last year.

2. 80% think credit scores make it difficult to get a loan.

In reality, though other studies have shown that many Americans believe that you need a credit score of at least 780 to get a loan when the actual median scores on closed loans are demonstratively lower than that.

3. 76% believe stricter lending requirements make it more difficult to get a mortgage.

In reality, the Mortgage Credit Availability Index shows lending standards have been consistently easing over the last year.

4. 68% think that current homeowners are trapped into their mortgages and are unable to sell their current homes.

In reality, a recent Fannie Mae study revealed that 32% of Americans are dramatically underestimating the current equity in their homes. Many more can afford to make the move they desire.

What’s the answer?

Every family should feel confident when they are buying or selling a home. In order to feel confident they need to truly understand their options and opportunities. HSF Affiliates CEO Gino Blefari put it best when he addressed the findings of the survey:

“Education is essential in today’s market. The stage is set for real estate professionals to connect with consumers, learn their needs and concerns and determine the best way for sellers and buyers to capitalize on the opportunities that exist today.”


 
 
 
The Winning Team Real Estate Group at Old Town Real Estate Co.
522 Kimbark Street • Longmont, Colorado 80501 | o:303.776.4004 • c:303.641.8597 • f:303.776.4661
Email: cory@justlistedcolo.com  Connect:  Twitter | Facebook | LinkedIn

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