Category Archives: Boulder Economy

Jobs Equal Healthy Boulder Real Estate

Boulder County is the most educated county in United States. There’s a high percentage of highly intelligent residents, which is its greatest asset for attracting and retaining strong employers and employees. Boulder real estate is healthy, a sure sign of good times coming. It’s all about jobs. Strong jobs equal strong Boulder real estate.

Numerous high tech businesses in the Boulder Valley Corridor are starting to hire. When I asked a local head hunter if there were going to be a lot of out of town people coming in she said “there seems to be a robust amount of talent available in the area right now.” Of course as time goes by the tech area will need more and more talent to feed the demand.

Many high schools in Boulder County offer special programs such as Skyline High School in Longmont that offers the Scientific Technology Engineering and Mathematics (STEM) program, a magnet component that prepares students to excel in science and math related fields. Also with the onset of the International Baccalaureate Program in numerous schools in the Boulder Valley; Boulder schools could help “grow” their own work force and provide opportunities for our children’s future by implementing similar programs in all schools.

Boulder offers a quality of life that attracts and keeps people here. It’s a life that can’t be beat. We love our Boulder real estate and we often come up on lists for a very high quality of life. A lifestyle robust in fitness, with running trails right out our office door,  world class organic food, home grown brews, entertainment, high intelligence, happy people, entrepreneur heaven, skiing and snowshoeing nearby, dog friendly areas and many opportunities to enhance our lifestyle.

Michael grew up near Santa Fe and is a longtime resident of Boulder and has been with Sotheby’s International Realty since their inception in Boulder County and along the front range.  If you have questions regarding this article or would like information about Boulder real estate or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes is a (CNE) Certified Negotiation Expert and full time Realtor at Fuller Sotheby’s International Realty in Boulder, CO. What’s your lifestyle? I take great pride in my in-depth knowledge of Colorado luxury home market trends, research-based pricing strategies, having a powerful network of qualified luxury home buyers, first-hand Boulder real estate insight and proven 16 year track record of selling unique Denver and Boulder luxury real estate.

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Bullet Proof Real Estate

Boulder Real Estate on Left

Forbes Magazine says. As the economy seems to unravel around us these cities are bucking the trend as the top 25 Recession-Proof Cities. Bullet proof as it were. These are the 25 metro areas in the U.S.  leading the bull market in real estate. Also Q2 stats are out about the Boulder area in the governmental websites that I track which substantiates what Forbes is saying. The bottom (in Boulder at least) is over, done, finished, adios. What does this mean? It means we will continue to see more and more multiple offers, higher prices and competitive bidding for Boulder real estate and Boulder luxury real estate.  The statistics for the increase in home prices for this story come from Zillow. While I vehemently dislike Zillow as a tool to figure out what your home is worth (they are extremely inaccurate 98% of the time-up or down) they do a good job of tracking price changes in the market. For this list, Zillow poured through home and real estate price data for 499 metro areas, reviewing values for homes both on and off the market using list prices, final sale prices, tax records, and property histories. Three markets in our great state of Colorado made it on to the Forbes 25 Recession Proof list; Boulder, Fort Collins and Pueblo. According to Zillow; Boulder real estate Second Quarter 2011 Price Increase: 1.6% First Quarter 2011 Price Increase: 0.5% Price Plunge Since Peak: 6.7% decline. According to the government website Second Quarter increase: .12% at least Zillow is going in the right direction.   Read the entire story in Forbes.

Michael is a longtime resident of Boulder and has been with Sotheby’s International Realty since their inception in Boulder County and along the front range.  If you have questions regarding this article or would like information about Boulder real estate or Boulder Luxury Real Estate check out my website. You may also call or TEXT me 303-359-6627 or e-mail Michael Hughes is a Certified Negotiation Expert and full time Realtor at Fuller Sotheby’s International Realty in Boulder, CO.

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Hard Pull; Soft Pull: How’s your Credit Score?

Posted by Michael Hughes    August 19, 2010

How do credit inquiries affect your score? Well there are two types of credit inquiries–hard inquiries (“hard pulls”) and soft inquiries (“soft pulls”).

Hard pulls
A hard pull is defined as an inquiry that will affect your score. If you’ve ever viewed your credit report you’ll see a section dedicated to credit inquiries. That’s because the credit bureaus keep a record whenever your credit history is viewed by a service provider or credit lender. Pulls that will show on your report as hard pulls include those by landlords, credit card issuers, insurance companies and service providers (think satellite television, phone service, the electric company…). Records of all of these inquiries will remain with you for 1-2 years. Most people have some inquiries; it’s just what happens as you go through life.

Soft pulls
Soft pulls are not visible on your credit report and thus have no affect on your score. Soft pulls on your credit report come from viewing your report yourself, along with any job-related requests that are made. Also, when your information is sent to companies for marketing purposes they can appear in the


Your Right to Opt Out

Lastly, in regards to the pre-approval notices you receive in the mail, you have the right to opt out from receiving these solicitations. To opt out contact each of the three bureaus (TransUnion, Equifax and Experian) individually. You can also call 1-888-5-OPTOUT (1-888-567-8688). This will remove your name from mailing and  telemarketing lists for two years. Read the entire story.

If you have questions regarding this article or have thought about selling, renting, investing or  would like to Buy A House In Boulder check out my website. You may also call, text me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO. Featured Listings

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Boulder County to Add $$$Billions$$$

1 Billion Dollars

Posted by Michael Hughes   August 10, 2010

In Boulder County, DigitalGlobe Inc. in Longmont received a contract that could last up to 10 years and be worth as much as $3.6 billion from the National Geospatial-Intelligence Agency to produce a new generation of satellite imagery.

Used mainly for military and intelligence work. The long-term funding paves the way for development of next-generation satellites with higher resolution. Complete article in Boulder County Business Journal.

Awards in Boulder are somewhat frequent. The Flagstaff House Restaurant in Boulder has received a Grand Award from Wine Spectator and has been named one of Open Table’s 50 Best Restaurants in 2010.

If you have questions regarding this article or have thought about selling, renting, investing or  would like to Buy A House In Boulder check out my website. You may also call, text me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO. Featured Listings

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Kiplinger on Boulder

Posted by Michael Hughes   May 28, 2010

Boulder poised for recovery and future growth.  Boulder ranks in the top 10 of Relocate America cities in their most recent survery. Boulders’ strong local leadership, employment opportunities, thriving community commitment, improving real estate markets (if you are thinking you are going to buy a house in Boulder), growing green initiatives, plentiful recreational options and an overall high quality of life landed it on this highly esteemed list. Boulder is one of the many communities moving in the right direction.

Boulder has been singled out as one of the “10 best city for the next decade” in the July issue of Kiplinger’s Personal Finance magazine. It’s no wonder with all the planets aligning with Boulder. First of all there is the University of Colorado-Boulder, the federal research labs and more than 6,601 small businesses and corporation. Kiplinger chose cities for its next-decade list on the basis of current and likely future growth in high-quality jobs and income, housing affordability, public-transit infrastructure and the size of the local “creative class” of scientists, engineers, educators, writers, artists and entertainers, among other factors.

If you have questions regarding this article or are thinking you will Buy A House In Boulder please call or text me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO. Featured Listings

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If you start me up I’ll never stop

Posted by Michael Hughes   May 6, 2010

“An influx of entrepreneurs … has changed the face of this Colorado city of 98,000, making it a destination for Internet startups,” author Vivek Wadhwa writes of Boulder in the online package. “With the University of Colorado as an anchor and a backyard full of mountains as lifestyle bait, Boulder now has the highest concentration of software engineers per capita in the nation.”

Boulder takes the top spot out of 10 U.S. cities singled out by Bloomberg Businessweek as the best places for startups.

11 factors were weighted — including the number of startups already in a city, quality of the workforce, and resources like universities and venture capital.

It said smaller cities and towns generally are the best places today to start new tech companies.

The article also notes the presence of the National Center for Atmospheric Research and the National Institute of Standards and Technology.

Let’s face it, having lived here for many years, I know Boulder has the best lifestyle in the nation. Make this your base, buy a home in Boulder.   Boulder is Fitness oriented, smart and  creative, has interesting people, the University of Colorado-Boulder, great restaurants with celebrity chefs, cool coffee hangouts,outdoor cinema, farmers markets, Investment Capital, Bands on the Bricks, Studio Tours, Chautauqua Park, The Flatirons, community gardens, The World Affairs Conference, The Shakespeare Festival, Hiking, Running, Biking, an abundance of software engineers, Google, Celestial Seasonings and once again Boulder comes in 1st. Read the entire article in the Denver Business Journal.

If you have questions regarding this article or are thinking you will Buy A Home In Boulder please call  or text me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO. Featured Listings

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Mortgage Free Spending Spree

Posted by Michael Hughes    April 23, 2010

Are millions of troubled homeowners, without the burden of a monthly mortgage payment, spending their money on other things — and does that explain some of the recent strength in consumer spending? Robert Shiller of the S&P/Case-Shiller Home Price Index and Mark Zandi over at Moody’s Economy.com are telling CNBC the idea has some merit.
Ritholtz at the Big Picture blog called the idea “ass backwards,” and I wondered aloud “is he dyslexic?”
Here’s the truth according to Paul Jacks over at www.housingwire.com : “as unfortunate as it may be, there are in fact many mortgage holders in distress that do fit the spending profile at issue here; but precisely how many? No one really knows, since there isn’t any real data on it. The sense I get from the servicers and loss mitigators I’ve spoken with thus far is that “spending the mortgage” is already quite prevalent among aged delinquencies and in certain geographic locations, and is becoming even more common over time as the number of mortgages “held up” in the default pipeline continues to grow.
Jacks went on to say “In a nascent and fragile economic recovery, choosing to ignore anecdotal evidence simply because it isn’t “rigorous enough for real analysis” is a great way to miss an important trend.”

My take on this. Yes this probably is happening. But this is a double edged sword.  The homeowner has not paid the mortgage in some time and yes they may be spending money in to the economy as well. They are also protecting and caring for the banks’ asset. Much cheaper and more reliable than the bank hiring a caretaker and/or leaving the house vacant which could open it up to vandals, destruction and consequently reduction in asset value.

If you have questions regarding this article or are thinking you will Buy A Home In Boulder please text or call me 303-359-6627 or e-mail Michael Hughes at Fuller Sotheby’s International Realty in Boulder, CO. Featured Listings

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