Longmont, CO

Most of the cities home prices fall.

In an article this morning in the Times Call, Longmont Board of Realtors President as well as the County Assessor commented on Longmont and surrounding areas home prices. Looking at the data it was clear that although Boulder Counties property values decreased, Boulder itself as well as many other towns saw positive growth. Longmonts higher foreclosure rate played a good part in the average price drops.

LBR President stated Longmont's regional housing market includes southern Larimer and southwest Weld counties, as well as Boulder County, and that housing values in Longmont are influenced by what's happening in all three of those counties.

See the map below, Longmont has seen diverse change from neighborhood to neighborhood and it is particularly interesting to see that areas of Old Town and Prospect saw positive growth.

Looking more at Boulder County as a whole, you can see below that many areas also saw positive growth. Longmont, Superior, Erie and Rural Plains being the areas seeing negative numbers. This really puts into perspective that you cannot classify "The Housing Market" as a whole. Each individual neighborhood, town and county all have different stories to tell.

On the second Friday evening of every month, Downtown Longmont comes together for art openings, live entertainment and retailer open houses. Come Downtown from 6 to 9 p.m. to join the fun.

These events are a lot of fun and it is always great to get out, meet your neighbors and enjoy some local food and entertainment.

Schedules and hosts may change so please visit the LDDA website at http://downtownlongmont.com/index.php/site/2ndfridays/

For a flyer of the event please click here!

What do you want to do this weekend?

This summer be sure and stay tuned as I will update activities that will be happening in and around the Old Town and Downtown Areas.

Summer Convert Series Starts in June!

Save the Dates:
June 25, July 9, 16, 23, 30 and August 13, 2009

The LDDA and the City of Longmont Recreation Services will be hosting a six week summer concert series in downtown Longmont.
The event will run from 5:30-8:30pm with music being played from 6-8pm
The concerts will be performed on 4th avenue between Main and Kimbark Streets.
The concerts are free yet food, beverages and alcohol will be sold on site.
Please see the dates below for performer information:

June 25 - Delta Sonics
July 9 - 8Trac
July 16 - Atoll
July 23 - Beloved Invaders
July 30 - Chris Daniels
August 13 - Hazel Miller

Dates, times and Performers MAY change.

Drip Drip Drop Little April Shower!

What a great state we live in huh? See well over 300 days of sun a year, ridiculous several feet high blizzards, record breaking high temps, ice fishing and water skiing! All within 3-4 months of each other!

Well once again mother nature kissed us with 2 days of rainy Seattle Style storms, cold weather, and slush. Monday-Saturday? High 70's and low 80's full of sun.

The grass and flowers on your listings will hopefully look great now! Have fun enjoying this great state!

The following information was taken from the Denver Business Journal and CAR Homepage and is being used in this blog for information disbursement only. I am not representing this as my own writing.

The Colorado Housing and Finance Authority and U.S. Rep. Ed Perlmutter Tuesday announced "CHFA JumpStart," a program under the federal stimulus package to offer a tax credit to first-time homebuyers.

The credit of up to $8,000 -- authorized under the American Recovery and Reinvestment Act -- would go to qualifying first-time homebuyers who purchase and close on a home between Jan. 1 and Dec. 1, 2009.

"Through the CHFA JumpStart program, we are bringing the benefits of the economic stimulus plan to Colorado," Perlmutter, D-Golden, said in a statement Tuesday. "First-time homebuyers will be able to leverage the future benefit of the federal tax credit by working with CHFA to access the dollars needed to buy a home today."

According to details released Tuesday by Perlmutter's office, CHFA JumpStart offers first-time homebuyers a 30-year fixed-interest first mortgage as well as a zero-interest second mortgage for $6,000 or 3.5 percent of the home, whichever is less, to be used for down payment and closing costs.

There are no payments due on the second mortgage through June 30, 2010.

Borrowers could use their tax credit under the program to pay off the second mortgage before the June 30, 2010, deadline.

Those eligible for the program can claim 10 percent of the price of their home, up to the $8,000 maximum, against their 2008 federal tax returns due this year, or their 2009 federal tax returns due next year.

The credit begins to phase out at a modified adjusted gross income of more than $75,000, or $150,000 for joint filers, Perlmutter's office said.

The tax credit can be used with CHFA's home finance programs.

Great News Huh? There is much more info on this product here: http://www.ncsha.org/uploads/CHFA_JumpStart_Tax_Credit_Program_Fact_Sheet%20_2_.pdf