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Last week a reader of the blog, Eric Chwang, contacted me. He'd just attended the "City of Boulder Homeownership Program Orientation." During the session the organizers shared some interesting market data.
Specifically, they gave us the annual appreciation rates for attached dwellings in Boulder for the last 20 years, as well as the indices used to fix the appreciation rates (capped at 3.5% annually, simple interest) for their affordable housing units.
Eric took some time to convert the data to an Excel file and asked if I'd share it with readers of this blog.
The chart below shows how the program has functioned to help make property affordable. It's on a percent change basis. The pink line is the consumer price index for Boulder. The yellow line is area median income. The red line is property in the program. The green line is market property.
Here's the accompanying data table:
I'd like to thank Eric for taking the time to share this information with readers of the blog. I'm sure it will be helpful for many to consider.
p.s. If you have insight, data, charts, development images, or other (housing related) information to share with readers of the blog don't hesitate to contact me (ph: 303.746.6896 or osman@realtyunique.com
Credit: Eric Chwang
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
--
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
