Boylan and Company has been a leader in the real estate industry for years providing our clients with the latest information in a user friendly format. We are rolling out two new tools in 2012 on our website; an interactive mortgage calculator and a video series on financing.
Mortgage calculators aren’t new but having to consider credit score so heavily is. New underwriting guidelines and stricter lending regulations have motivated us to create a new mortgage calculator. This calculator takes approximate credit scores into account as well as various down payment options. Click on the calculator below to see how it works.
At our Colorado Springs Real Estate site http://springshomes.com we have started publishing short videos the expose our clients to some of the things that make the Pikes Peak region such an interesting place to live. We think Colorado Springs is often mis-represented in the national media as a town that is chock full of heartless national franchise outlets. Although our area has it's fair share of national brands, we are also home to a lot of small independent restaurantuers and retailers that provide our region with a wealth of alternative choices. The purpose of this video series is to expose our clients to some of these independent business owners.
Here is an overview of "Summerland Gardens" a local business that features locally grown flowering plants, housewares, pottery and excellent service from an experienced gardening staff. Take a look at everything this wonderful business has to offer.
Bear Creek Park is at the heart of Southwest Colorado Springs and the Broadmoor Area. In this video Mike Marzolf explains why he is such a fan of this great park.
SpringsHomesForRent.com is a new Colorado Springs Homes For Rent and Property Management site. In addition to available properties, this site offers a wide range of helpful information for both prospective tenants as well as landlords.
The Palmer Lake Historical Society is hosting its "Annual Potluck Dinner" on January 20th. 2011 at 6:30 pm. This is also a membership drive so bring an item from the Palmer Divide area's past for an historic Show & Tell. Drinks, Ham and Bread provided. Bring a favorite dish to share, maybe an old family recipe?
View Palmer Lake Historic Society in a larger map
Tri-Lakes Cares is hosting a walk in blood drive on Tuesday, January 18th. 2011...Here are the details:
What: Walk-In Blood Drive
When: Tuesday, January 18th. 2011 3-7 p.m.
Where: Tri-Lakes Cares
235 Jefferson St.
Monument, CO. 80132
View Tri-Lakes Cares in a larger map
View Tri-Lakes Cares in a larger map
Pitter Pad is a super convienient iPad app for parents that buy shoes online. This app lets you quickly and convienentily find your childs shoe size. Here's a quick overview of how the app works Click Here
It's a free app so if you have kids make sure you give it a try!
The Lewis-Palmer High School Booster Club is hosting a tree recycling event January 1, 2, 8, and 9 at the Santa Fe Trailhead.
The cost is $5.00 (tax deductible), and all of the proceeds go to support youth sports in the Colorado Springs area (and most importantly our own LPHS athletes and associated programs). Our very own athletes and band members will be there to help remove the tree from your vehicle and discard it. All trees will be mulched; mulch will be available to anyone who wants it for FREE!
The locations of the trailheads are:
Santa Fe Trailhead Baptist Road and Old Denver Highway
Hours of Operation: 9:00 a.m. - 5:00 p.m.
Vacancy Rates Drop
The Colorado Division of Housing has released their 2010 Second Quarter "Metro Area Vacancy and Rent Study". The overall vacancy rate has decreased to 5.8%. This is the lowest rate since Q3 of 2001. It's important to note that the industry standard for a "Balanced Market" is a 5% vacancy rate, so Colorado Springs still sees a slight inventory surplus. For a more detailed analysis, please visit our Colorado Springs Homes For Rent site.
Where's The Opportunity?
This news combined with really low interest rates and declining property values creates a perfect storm for real estate investors. Troop movements effect the Colorado Springs residential rental market and since the trend is more troops in, it makes sense to invest now as opposed to later. If you are interested in aquiring rental property, we can help, give us a call at 719-388-4000 or visit our Colorado Springs Real Estate Site.
Boylan and Company is excited to announce the addition of our a new property management division. Our goal was to create a service that could market and manage our clients Colorado Springs homes for rent with the same level of service while providing the same attention to detail as we do for our for sale offerings.
Because the rental market is such a fluid environment, it makes perfect sense for us to leverage our online expertise in order to create a centralized hub for information on "Colorado Springs homes for rent" for more information or to view all of our Colorado Springs Homes for rent, please visit http://www.springshomesforrent.com
As expected, the housing market continues to bump along. Are we in a double dip? Not likely, locally. The market is trying to work itself out and find its median ground. Taking a look at the residential real estate market: Home values are seeing some appreciation with a median increase of 4.8% over one year ago. The Pikes Peak Regional Housing Department reports that there was increased activity in building permits this summer; a positive sign because the price per square foot on a new build is typically higher than an existing home making this a tough choice for many. Interest rates continue to fall reaching record low numbers this last week; average thirty year is at 4.32% with 0.7 point down. Last week, refinances accounted for 82% of all mortgage activity. Finally, ...
The housing market locally and across the nation is taking a breather from the activity of the last eighteen months and trying to find itself. July numbers demonstrate a decrease of 27% in year over year existing home sales activity and a 12% decline in new homes sales. A major decline was widely expected by economic and industry analysts; free of any external influences such as federal stimulus plans, free market forces will take over.
In spite of declining activity, pricing continues to stabilize and even improve. Delinquencies, short sales and foreclosures are becoming less of a force on the appraisal process. Freddie Mac, one of the largest guarantors of residential loans, reports that the delinquency rate on single family homes continues to decline to 3.89%. This is still higher than one year ago, but...
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