Real Estate
Business
Home Depot offers $1.6B for supply company
Home Depot wants to move further into online sales and installation services. Last week, it announced plans to purchase Interline Brands, a building and maintenance supply company.Wilfredo Lee/Associated Press The…
Business
Tight supply of new homes puts damper on June sales
New-home sales dropped in June, suggesting that the real estate market could be cooling off.Mark Humphrey/Associated Press The Commerce Department said Friday that new-home sales slumped 6.8 percent last month…
Local News
Has the Durango housing market recovered?
hits $440,000; number sold hits a peak, as well
Business
Live in a Porsche? Designer labels draw Miami home buyers
It takes something more audacious to sell beachfront property these days to the global ultra-wealthy who arrive in Miami with millions to spend on second or third homes. It takes…
Business
Changes coming to real estate transactions
The Truth-in-Lending Act and the Real Estate Settlement Procedures Act, TRID, set strict deadlines for disclosures that lenders need to provide to consumers. For example, lenders can be held liable…
Business
Rental market is changing across U.S.
The rental market is shifting across all age groups, not just for millennials. In fact, a new report shows that 42 percent of the people responsible for the growth in…
Business
Moving is a lot easier with right furnishings
Millennials – those born between the early 1980s and the early 2000s, approximately – are a mobile generation, according to a study released in March by the U.S. Census Bureau.…
Business
Reformers target mortgage deduction
New Jersey Gov. Chris Christie, a Republican presidential candidate, has suggested a possible tax reform that would limit the mortgage tax deduction to first homes only.Brian Witte/Associated Press “We should…
Business
Apartments fueling U.S. housing market
New home construction fell in the Midwest and the West in June, the Commerce Department reported Friday. Housing starts were up, however, because of a 28.6 percent jump in construction…
Business
Long-awaited rules aim to strengthen housing act
Last week, the Obama administration announced long-awaited rules designed to repair the law’s unfulfilled promise and promote the kind of racially integrated neighborhoods that have eluded deeply segregated cities such…
Business
Condo prices in Queens soar to record $575,339
The average price of a Queens condo sold was $575,339, up 20 percent from a year earlier, according to a report Thursday from appraiser Miller Samuel Inc. and brokerage Douglas…
Business
How to price your home for a successful sale
First, analyze past sales in your neighborhood and check out similar homes in other neighborhoods. This can be difficult in the Durango and Bayfield areas because many of the homes…
Business
Rising rents aren’t just a problem in big cities
Rising rental prices are creating new financial pressures on Americans across the country. The jump in rental costs isn’t just affecting families in big cities. In fact, rental prices jumped…
Business
Homeownership rate expected to keep falling
New homes will still be built, such as this one in Three Springs, but a new report from the Urban Institute forecasts that the homeownership rate in the United States…
Business
Home efficiency upgrades fall short, don’t pay
The study, which used data from a random sample of 30,000 low-income Michigan households that were eligible for an Energy Department home weatherization program, found that the projected energy savings…
Business
Financing condos can be challenging
There are a number of reasons that lenders scrutinize condominium loans more carefully than those for townhomes and single family homes. During downturns in the market, condominiums tend to decrease…
Local News
Wells Group celebrates 30 years
Business
Hot Denver market leads Colorado sales
How hot is it? For the state of Colorado, the median price is up 12.1 percent, the number of active listings is down 28.4 percent and sold listings are up…
Business
Low-income housing isn’t just about affordability
San Francisco voters probably will get to decide in November whether the city should impose a moratorium on construction of new luxury housing in the city’s Mission district, an historic…
Business
Construction spending jumps 2.2% in April
Business is up at construction companies such as the Allegheny Millwork and Lumberyard in Pittsburgh where Roy Livesex is stacking 2x4s. The Commerce Department reported last week that construction spending…
Business
More retired Americans are being buried by housing debt
They enjoy performing. But it isn’t exactly how Al, an 86-year-old Korean War vet, or Saundra, 76, had expected to spend their retirement. Of all the financial threats facing Americans…
Business
U.S. regulators warn ads for reverse mortgages can mislead
Cordray Now U.S. regulators are warning: Don’t be fooled. Many ads don’t tell the whole story about reverse mortgages. The Consumer Financial Protection Bureau said last week that a study…