Colorado is Among 27 States Selling Homes in 30 Days or Less

Homes Are Selling Quickly Nationwide The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 28 days in June. This is a slight increase from the 27 days reported in May, but down from 34 days reported a year ago. 54% of homes across the country were on …

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Sellers: Your Home is an Oasis in an Inventory Desert

First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US, and especially in Boulder has struggled to keep up with demand. According to the National Association of Realtors (NAR), the inventory of homes …

Lindsey Hughes

Burgess Group Realty Welcomes Lindsey Hughes

Lindsey Hughes is a Licensed Agent and handles transactions for Burgess Group Realty. Through exceptional customer service and professionalism, Lindsey is committed to meeting individual client needs, building relationships through honesty and integrity, and ultimately making the buying and selling process as seamless and enjoyable as possible. We are so excited to have her on board!   A Bit More About Lindsey …

Middle class in Boulder

Townhouses – Best Chance for Middle Class Families in Boulder

Boulder middle-income households are turning to townhomes, duplexes and triplexes for their housing needs. Middle class in Boulder are usually earning between 80 to 150 percent of area median income or up to $134,000 for a family of three. In other areas, heads of these middle-income families have good paying jobs that provide a comfortable middle-class lifestyle to their members. …

boulder real estate

Lawsuit Versus Boulder Aims for Development in Northern Planning Reserve

The city and county of Boulder are being sued by a couple who are seeking to develop more than 80 acres of land north of Boulder. Bo and Meredith Parfet want to force the annexation of a portion of their property. This could undo the restrictions that have limited the growth of Boulder for decades. The couple bought five parcels …

buy a home

How to Buy a Home When You Have Student Loan to Pay

Should you buy a home while still paying for student loan? If you’re currently working or was out of college for a long while, you might be thinking about buying your own home. However, the dilemma of still having a student loan to pay might hold you back. Are you going to finish paying the existing debt first? Is it …

real estate in Colorado

Real Estate in Colorado: What You Need to Know Before Investing

In contrast with the volatility of today’s stock market, today many investors are drawn to the relative stability of purchasing real estate in Colorado. When purchasing a piece of real estate – whether for personal use or for rent – investors are looking for big returns for themselves and their family in the future. Real Estate Investment Defined In general, …

anonymous buyers

No More Anonymous Real Estate Investors in the Future

There is a new rule ready to be implemented and all anonymous real estate investors must be alarmed. It appears that the new rule requires all the real estate investors to be identified. In a previous investigation, they found out that there is growing number of high-end real estate properties with anonymous buyers. The Treasury Department was alarmed by this …

owning real estate

What are the Tax Benefits of Owning Real Estate?

People who have purchased their first home  are usually elated that they own a prime piece of real estate. Later, when their first tax season as homeowners rolls in, they realize (and celebrate!) the full impact of their new tax benefits. What are the tax benefits of owning real estate? Deduction in Mortgage Interests If you have taken out a loan in …

renting older people

More Older People Are Renting These Days

There has been an uptick in renters since 2005 according to a recent report by the Harvard Joint Center for Housing Studies. People in their 50s and 60s made the largest chunk of the increase. But the majority of the renters are currently 40 or older. The population of renters includes a growing number of Gen-Xers and Baby Boomers due …