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Sharianne Daily

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Displaying blog entries 11-20 of 26

Fort Collins ranks 3rd on Well-Being Index

by Sharianne Daily

Fort Collins/Loveland ranks 3rd on Well-Being Index - A recent poll released by Gallup and Heathways ranked Fort Collins/Loveland third on its Well-Being Index from among 188 metropolitan areas surveyed in 2010.  The Well-Being Index measures the health of adults in metropolitan areas based on six criteria: life evaluation, emotional health, work environment, physical health, healthy behaviors and access to basic necessities.  The overall score of the Fort Collins and Loveland areas was 72.1, third behind Boulder and Lincoln, Neb., as the top metro areas with the highest well-being. 

Northern Colorado JOBS!

by Sharianne Daily

Despite a tough economy, 2010 was the best year in the history of the Northern Colorado Economic Development Corporation with 11 company announcements resulting in 

 

  • Creation of nearly 500 primary jobs with an average salary of $63,909, and over 300 secondary jobs.
  • Private investment of over $86,000,000.
  • Occupation of over 150,000 square feet.
  • Creation of a spell out of approximately $50 million in local spending per year into the local Larimer County community.

 In addition, we had 66 new attraction leads, and assisted

176 companies in areas such as demographic reports, workforce data, alternative financing, and grant opportunities.

 

 We also aided local primary employers in acquiring over $400,000 in matching training grant funds. 

  

2011 is starting strong with the expansion of Spirae's Center for Smart Grid Technology (an additional 100 positions over three years) and the opening of Funkwerks. Please join as we look forward to making 2011 another record breaking year.  

Owners and Renters Agree: Owning a Home Is a Smart Decision
RISMEDIA, January 22, 2011—A substantial majority of both homeowners and current renters agree that owning a home is a smart decision over the long term. That's according to the results of a National Association of REALTORS® survey of 3,793 adults conducted online by Harris Interactive.

The American Attitudes About Homeownership survey found that in today's challenging economy, 95% of owners and 72% of renters believe that over a period of several years, it makes more sense to own a home. In addition, an overwhelming majority of homeowners are happy with their decision to own a home—93% of owners surveyed would buy again.

"Homeowners and renters agree that homeownership benefits individuals and families, strengthens our communities, and is integral to our nation's economy," said NAR President Ron Phipps. "The results of this survey illustrate just how important issues related to homeownership are to people in this country."

A majority of renters—63%—said it was at least somewhat likely that they would purchase a home at some point in the future. Among this group, young adults (18-29 years old) have the strongest aspirations for homeownership; only 8% of young adults said that it was "not at all likely" that they would purchase a home at some point in the future.

Among renters who are very or extremely likely to buy a home in the future, three out of five consider confidence in job security and creditworthiness to be an obstacle. One point of agreement between renters and homeowners was support of the mortgage interest deduction (MID). Seventy-four percent of owners and 62% of renters say it's "extremely" or "very" important that the MID remain in place.

"At a time when the middle class is under increasing economic pressures, both homeowners and renters agree that the mortgage interest deduction should not be targeted for change," said Phipps. "Given strong public support of and aspirations toward owning a home, we need to keep policies in place that support and encourage responsible, sustainable homeownership for our future."

This survey was conducted online within the U.S. and fielded October 6-20, 2010. A total of 3,793 adults 18 and older were surveyed, including 1,880 home owners, 1,115 renters, and 798 young adults. All samples came from the Harris Poll online database and were weighted for age, sex, race/ethnicity, education, region and household income to be representative of the U.S. general population of adults 18 and older. Propensity score weighting was also used to adjust for respondents' propensity to be online.

Fort Collins' real estate market top in Nation

by Sharianne Daily
Fort Collins' real estate
market ranked top in the
nation

 
Coloradoan Staff Reports • December 30, 2010

 
Fort Collins' real estate market has been pegged as
one of the top 10 markets to thrive in the country in
2011.

The new list that ranks Fort Collins at No. 9 on the
top 10 real estate markets list for next year was
released by the online real estate search engine
Trulia.

Fort Collins is the only Colorado city to make the
list, topped by San Francisco. Texas takes the No. 2
and No. 5 positions with Austin and San Antonio
respectively.

Trulia formulated its predictions of cities that will
break through toward recovery and thrive in 2011,
and Fort Collins made it onto the list based on its
home sale prices and low unemployment compared
to the national average.

The report ranked Fort Collins unemployment at 6.4
percent against the national average of 9 percent.

Fort Collins' median sales price, according to the
website, is $222,500, which is up 4.1 percent year-
over-year, but still low compared to other markets.

A highly educated population also weighed into the
rankings, as approximately 48 percent of Fort
Collins' population have at least a four year degree,
which dovetails with having CSU here. Tulia also
noted that 92 percent of Fort Collins' residents have
a high school diploma.

"We see three major elements as key indicators of
the markets that will thrive in 2011, and Fort Collins
has all three: positive projected job growth at a time
when the rest of the country may be negative,
positive projected net population growth when
former hot spots are hemorrhaging residents and
high affordability," said Tara-Nicholle Nelson,
Trulia’s consumer educator, in a prepared
statement. "Fort Collins even beats many of the other
spots on our list in that it’s also frequently ranked
as a 'best' place to live, not just an affordable one,
so it’s easy to see how it made it on our list of
markets that will do well next year."
 
Trulia's list of 10 real estate markets that will thrive
in 2011

1. San Francisco, Calif.
2. Austin, Texas
3. Madison, Wis.
4. Raleigh-Durham, NC
5. San Antonio, Texas
6. Oklahoma City, Okla.
7. Des Moines, Iowa
8. Salt Lake City, Utah
9. Fort Collins
10. Omaha, Neb.

Source: www.trulia.com

Top 10 Buyer Wants in NEW HOMES

by Sharianne Daily

Americans want smaller houses and they are willing to strip some of yesterday’s most popular rooms—such as home theaters—from them in order to accommodate changing lifestyles, consumer experts told audiences at the International Builders Show.

Buyers today want cost-effective architecture, plans that focus on spaces and not rooms and homes that are designed ‘green’ from the outset,” said Heather McCune, director of marketing for Bassenian Lagoni Architects in Park Ridge, Ill. The key for home builders is “finding the balance between what buyers want and the price point.”

For many buyers, their next house will be smaller than their current one, said Carol Lavender, president of the Lavender Design Group in San Antonio, Texas. Large kitchens that are open to the main family living area, old-fashioned bathrooms with clawfoot tubs and small spaces such as wine grottos are design features that will resonate today, she said. “What we’re hearing is ‘harvest’ as a home theme—the feeling of Thanksgiving. It’s all about family togetherness—casual living, entertaining and flexible spaces,” Lavender said.

Paul Cardis, CEO of AVID Ratings Co., which conducts an annual survey of home buyer preferences, said there are 10 “must” features in new homes:

1. Large kitchens, with an island. “If you’re going to spend design dollars, spend them where people want them—spend them in the kitchen,” McCune said.

2. Granite countertops are a must for move-up buyers and buyers of custom homes, but for others “they are on the bubble,” Cardis said.

3. Energy-efficient appliances, high-efficiency insulation and high window efficiency. Among the “green” features touted in homes, these are the ones buyers value most, said Cardis. While large windows had been a major draw, energy concerns are giving customers pause on those. The use of recycled or synthetic materials is only borderline desirable.

4. Home office/study. People would much rather have this space rather than, say, a formal dining room. “People are feeling like they can dine out again and so the dining room has become tradable,” Cardis said. And the home theater may also be headed for the scrap heap, a casualty of the “shift from boom to correction.”

5. Main-floor master suite. This is a must feature for empty-nesters and certain other buyers, and appears to be getting more popular in general. That could help explain why demand for upstairs laundries is declining after several years of popularity gains.

6. Outdoor living room. The popularity of outdoor spaces continues to grow, even in Canada. The idea of an outdoor room is even more popular than an outdoor cooking area, meaning people are willing to spend more time outside.

7. Master suite soaker tubs. Whirlpools are still desirable for many home buyers, but they clearly went down a notch in the latest survey. Oversize showers with seating areas are also moving up in popularity.

8. Stone and brick exteriors. Stucco and vinyl don’t make the cut.

9. Community landscaping, with walking paths and playgrounds. Forget about golf courses, swimming pools and clubhouses. Buyers in large planned developments prefer hiking among lush greenery.

10.
Two-car garages. A given at all levels; three-car garages, in which the third bay is more often than not used for additional storage and not automobiles, is desirable in the move-up and custom categories.

10 Reasons to Buy

by Sharianne Daily

10 Reasons to Buy - Owning a home has been a part of the American Dream for decades.  This is a great article to share with potential buyers.  The list begins with:
1. Low Interest Rates: Interest rates are currently at historical lows.
2. Mortgage Interest Deduction: It's a great tax advantage!
3. Stability: Studies have shown that homeownership not only increases community involvement, it also leads to safer neighborhoods, and higher graduation rates.
See the full article for the balance of the list:
http://realtytimes.com/rtpages/20101208_buy.htm

Fort Collins/Loveland vacancy rate 2.9%!

by Sharianne Daily

Fort Collins/Loveland and Greeley rank No. 1 and 2 in tightest rental vacancy rates in the state, according to a third-quarter report released Thursday by the Colorado Division of Housing.

Fort Collins/Loveland's rate of 2.9 percent is lowest in the state and the lowest since a 2.6 percent rate in first-quarter 2001.

 Industry experts say a main reason for the rental surge - besides the arrival of college students - is the aftermath of the housing bubble, which left people in mortgage distress or unable to secure loans to buy.

 With vacancies shrinking - the statewide third-quarter rate was 5.5 percent

- rents are expected to continue climbing.

Strong Employment for Northern Colorado

by Sharianne Daily

Betsey Hale, Business Development Manager for the City of Loveland, forwarded this link to a very good video from the Colorado Division of Housing & Local Affairs.  It reviews overall job creation trends in Colorado, particularly in the service sector and construction.  It also shows Fort Collins/Loveland MSA has outperformed the state and other areas in job growth.  A reinforcement on the strength of our economy and strong selling point to primary employers.     

 

http://www.youtube.com/watch?v=F_p6lkF5_7s&feature=player_embedded#

 

 

Reverse Mortgages are popular

by Sharianne Daily

3 Reasons Why Reverse Mortgages Are Popular
Recent legislation and changes in the marketplace are increasing the use of reverse mortgages. Here are three factors that make reverse mortgages an improved retirement-planning tool.

1. Fees are lower. The government with support from lenders has revised how reverse mortgages are structured.

2. Loans are more flexible. New loans let borrowers take money as they need it instead of all at once.

3. Selling isn't always feasible. Reverse mortgages generally don’t pay as much as selling a house outright, but these days selling a house can be very difficult.

Source: SmartMoney.com, Alyssa Abkowitz (11/01/2010)

Property Taxes in Northern Colorado

by Sharianne Daily

Northern Colorado's 2010 Local Property Taxes are .6649 percent of the actual property value as determined by the Larimer County Assessor's Office.   Read below and find out what states have the highest taxes for real estate and what 10 states have the lowest.

The national median for real estate taxes is 1.04 percent of a property’s value. Here’s the list of the top 10 states with the highest median real estate taxes as a percentage of median home value as well as the ranking of states with the lowest:

States with the highest taxes:

1. New Jersey (1.89 percent of property value)
2. New Hampshire (1.86 percent)
3. Texas (1.81 percent)
4. (tie) Wisconsin (1.76 percent)
4. (tie) Nebraska (1.76 percent)
6. Illinois (1.73 percent)
7. Connecticut (1.63 percent)
8. Michigan (1.62 percent)
9. Vermont (1.59 percent)
10. North Dakota (1.42 percent)

States with the lowest taxes:

1. Louisiana (0.18 percent)
2. Hawaii (0.26 percent)
3. Alabama (0.33 percent)
4. Delaware (0.43 percent)
5. West Virginia (0.49 percent)
6. South Carolina (0.50 percent)
7. (tie) Arkansas (0.52 percent)
7. (tie) Mississippi (0.52 percent)
9. New Mexico (0.55 percent)
10. Wyoming (0.58 percent)

Source: 2009 U.S. Census Data and Tax Foundation calculations

Displaying blog entries 11-20 of 26

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