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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 AkermanFriday'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 consid…

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 Creek…

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 sl…

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 fr…

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 means…

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 invento…

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