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The Burgess Group Blog & Weekly Market Updates

Lafayette CO Lifts Directive To Boil Water…

Lafayette CO Lifts Directive To Boil Water…

October 12, 2013

By: Scott Akerman Friday's "Boil Water Notice" for Indian Peaks Subdivision was lifted today at 5:30pm.  The city determined that the E Coli contaminated water had been eliminated.  Water is now con…

Lafayette CO Planning Massive Trail Rehabilitation On Open Space Day…

Lafayette CO Planning Massive Trail Rehabilitation On Open Space Day…

October 11, 2013

Working off a 13 year history of  tackling modest projects with a handful of volunteers, Lafayette is now gearing up for a huge event October 19th. Approximately two miles of Coal Creek and Rock Cree…

How Can We Expect Our Home's Equity To Behave?…

How Can We Expect Our Home's Equity To Behave?…

October 11, 2013

Three and one half million homeowners gained positive equity (were no longer underwater on their mortgages) during the first half of 2013.   The pace of improvement will likely slow as appreciation s…

Which Boulder CO Businesses Are Pitching In For Flood Relief?…

Which Boulder CO Businesses Are Pitching In For Flood Relief?…

October 10, 2013

The generosity of local businesses/individuals is stunning. Funds and fundraising events keep rolling in.  A partial list: Celestial Seasonings: All proceeds from its annual tent sale, which will be …

Relaxed Rules Keep Houses Closing During Shutdown…

Relaxed Rules Keep Houses Closing During Shutdown…

October 8, 2013

In an effort to keep mortgages closing during the government shutdown, Fannie Mae and Freddie Mac temporarily changed the rules.  Lenders are now approved to verify borrower income through other mean…

Trade-Up Buying on the Rise…

Trade-Up Buying on the Rise…

October 7, 2013

 According to mortgage technology company FNC, rising home equity is allowing many buyers to trade-up. Nationally, the foreclosure market is close to pre-crisis levels.  The glut of foreclosure inve…

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