News
The Burgess Group Blog & Weekly Market Updates
Interest Rates Lowest Since November 2013
Mortgage applications rose 3.6% last week, spurned on by the lowest interest rates in the past six months. According to the Mortgage Bankers' Association, these applications reflect both refinance and…
Boulder County $1.5MM Conservation Easement Purchase
Under a deal negotiated by the Conservation Fund, on May 13th 2014 Boulder County commissioners approved spending $1.5MM toward the $7.1MM needed to purchase a conservation easement over 3,394 acres s…
Flood of Housing Inventory 2014?
Spring 2014 has been a trying time for Boulder County buyers: little inventory, escalation clauses, multiple offers and losing properties has been the bane of many buyers' existences.Is a change on th…
Lower-Priced Houses In Longmont CO: Impossible to find?
Longmont CO's housing market transformed in 2013 from a buyer's market to a seller's market. It had its highest volume of sales since 2005, with an average price of $281,000.00, just under the average…
Colorado Snowpack at 103% of Average!
Colorado Snowpack is off to a promising start - or at least not at drought levels. The U.S. Department of Agriculture Natural Resources Conservation Council reports that last year at this time 70% of…
2014 Mortgage Rate Swings May Impact Home Buying
In 2013, increased mortgage rates resulted in decreased home sales, as shown in the graph left. This trend could continue in 2014, especially if there is a significant increase in mortgage rates.Altho…
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