Archive for June, 2012

Sale of new U.S. homes rise to 2-year high in May – Marketwatch


By Jeffry Bartash

WASHINGTON (MarketWatch) – Sales of new single-family homes rose to an annual rate of 369,000 in May to mark the highest level in more than two years, the U.S. Commerce Department reported Monday. Sales for April were unchanged at 343,000, seasonally adjusted. Economists surveyed by MarketWatch had expected new-home sales to rise to annual rate of 348,000 in May. The median sales price fell 0.6% to $234,500 last month. Lower prices, low interest rates and warmer weather likely gave a small boost to sales. The supply of new homes on the market, at current sales pace, fell to 4.7 months from 5.0 in April. Even with the latest increase, however, sales of new homes are far below the normal level and reflect an industry still trying to dig out of its worst slump in modern times.

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New “Pets” for the Nolan/Nottingham Househould


Our neighbor, Steve Jones, asked if we would let him graze his horses in our east pasture.  Sounded like a good idea.  Nubby and Bubba arrived yesterday.  They are making themselves at home. Our dogs, Sadie and Molly, are still trying to figure out who has invaded their territory.

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Nolan Lake Outside Fulford – A Fun, Moderate Hike


Last weekend, Molly, our 8 year-old lab mix, and I hiked to Nolan Lake south of Fulford outside of Eagle, Colorado. The lake sits about 11,250 ft.

Molly lives to hike.  This was our first true outing this summer so she bounded around like a puppy.  This is a good hike for dogs because there is plenty of water along the trail.

This is a little early to make this hike but with the low snow winter we had the trail was nearly free of snow.  We made it to the lake in a little over an hour but we pushed hard.

The lake was spectacular and views down valley beautiful.  I highly recommend this hike to anyone wanting to make a relatively moderate hike to a high alpine lake.

 

 

 

 

 

 

 

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30-year mortgage rate hits record low of 3.67% – Marketwatch


By Ruth Mantell

WASHINGTON (MarketWatch) – Mortgage rates hit record lows in the week ending June 7, with the 30-year fixed-rate mortgage average declining to 3.67% from 3.75% in the prior week, Freddie Mac said Thursday in its weekly report. These data go back to 1971. The rate was 4.49% a year earlier. To obtain the latest 30-year rate, payment of an average 0.7 point was required, according to Freddie, a buyer of residential mortgages. “Fixed mortgage rates reached new record lows for the sixth consecutive week as long-term Treasury bond yields declined further following downwardly revised economic growth and job creation data,” said Frank Nothaft, Freddie Mac’s chief economist. The 15-year fixed-rate mortgage also hit a record low in the most recent week, falling to 2.94% from 2.97% in the prior week. These data go back to 1991. Meanwhile, the average rate on the 5-year Treasury-indexed hybrid adjustable-rate mortgage remained at 2.84%. The 1-year Treasury-indexed ARM rose to 2.79% from 2.75%

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Edwards Real Estate Market Update – May, 2012


Welcome to your my Homestead/South Forty/Old Edwards Estates Real Estate Market Update.

Our local market is heating up.  We are actually seeing multiple offers on some properties.  Click on the link below for the latest market update, current listings, and 2012 sales.

Market Update May 12

Managing Broker, Prudential Beaver Creek

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Bachelor Gulch Real Estate Market Update – May, 2012


Welcome to my May Bachelor Gulch Real Estate Market Update.  Activity in the first quarter was lively.  If this keep up, 2012 looks like a good year.

This issue not only contains the latest BG real estate stats and trends, but also stories on:

  • 30 Year Mortgage Rate Hits 30 year low
  • Eagle River Station Development is approved by Eagle Voters

Click on the links below to view the market update and the current BC condo and town home listings and 2012 sales.

Market Update May 12

Listings & Sales May 12

Summer has officially started.  Last weekend’s Blues, Brews, and BBQ festival in Beaver Creek was a well attended success.  The Teva Mountain Games begin this week in Vail.  We attended last year and had a fabulous time.

 

 

 

Managing Broker, Prudential Beaver Creek

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