Real Estate

Home sale may be sign of things to come
On Real Estate

Home sale may be sign of things to come

January 31, 2015

This is news because the home was listed for $585,000, and it sold Dec. 10 for $546,000, according to the public record. This parcel is just over one-third of an…

It’s never too early  to begin loan process
Business

It’s never too early to begin loan process

January 31, 2015

Lew Sichelman But whether you are planning to jump into the ownership waters this spring, this summer or even next fall, there are several steps you should start taking now…

Rising housing starts cap best year since 2007
Business

Rising housing starts cap best year since 2007

January 24, 2015

A builder works on a new apartment building under construction in Phoenix.Ross D. Franklin/Associated Press file photo Housing starts increased 4.4 percent to a 1.09 million annual rate, following the…

Buying a home really may not be out of reach
On Real Estate

Buying a home really may not be out of reach

January 24, 2015

A $250,000 home purchase could require as little as $7,500 as a down payment with a My Community Mortgage loan from Fannie Mae. My Community Mortgage is for first-time homebuyers.…

Containing Detroit’s housing blight
Business

Containing Detroit’s housing blight

January 24, 2015

Skilled-trades workers, taking breaks from their tasks at the factory that produces the electric Chevrolet Volt and other vehicles, dart in and out to do door, window and wall installation…

U.S. home sales rise in December
Nation & World

U.S. home sales rise in December

January 23, 2015

The National Association of Realtors said Friday that sales of existing homes rose 2.4 percent last month to a seasonally adjusted annual rate of 5.04 million. But over the course…

U.S. home construction up 4.4 percent in December
Business

U.S. home construction up 4.4 percent in December

January 21, 2015

A builder works on a new apartment building under construction in Phoenix.Ross D. Franklin/Associated Press file photo Builders started construction at a seasonally adjusted annual rate of 1.09 million in…

County real estate market grew in 2014
Business

County real estate market grew in 2014

January 17, 2015

Buyers have continued to come into the market because of low interest rates, which have negated some of the challenges of a higher-priced market and made it possible for first-time…

Rent or buy?
Business

Rent or buy?

January 17, 2015

many people, both housing options are growing more unaffordable

2014 foreclosures drop to pre-recession levels
Business

2014 foreclosures drop to pre-recession levels

January 14, 2015

The number of homes that were foreclosed on by banks last year fell 29 percent to the lowest level since 2006, foreclosure listing company RealtyTrac reported last week. Despite the…

Home prices rise, but demand weak
Business

Home prices rise, but demand weak

January 10, 2015

A for sale by owner sign sits in front of a home in Richardson, Texas. Real estate data provider CoreLogic reports on November home prices on Tuesday.LM Otero/Associated Press Prices…

Bust will hurt housing in oil-producing states
Business

Bust will hurt housing in oil-producing states

January 10, 2015

Crude oil prices have crashed since June, falling by more than 54 percent to less than $50 a barrel. That swift drop has started to cripple job growth in oil…

Young home buyers return as economy grows
Business

Young home buyers return as economy grows

January 10, 2015

Young homebuyers are starting to return to the market as the economy improves and the job market is looking better.David Paul Morris/Bloomberg News “We could have made it work two…

JPMorgan to pay $500M to settle mortgage lawsuit
Business

JPMorgan to pay $500M to settle mortgage lawsuit

January 10, 2015

A group of pension funds which sued over the securities said in a court filing Thursday the “settlement in principle” isn’t final, and the parties plan to seek preliminary approval…

Obama pushes homeownership steps in once hard-hit Arizona
Nation & World

Obama pushes homeownership steps in once hard-hit Arizona

January 8, 2015

President Barack Obama, joined by Housing and Urban Development Secretary Julian Castro, Thursday speaks outside a home in a housing development in Phoenix.Carolyn Kaster/Associated Press The housing market in Arizona…

Pending home sales climb in November
Business

Pending home sales climb in November

January 3, 2015

The number of Americans signing contracts to buy homes, such as this one for sale in Los Angeles, rose modestly in November, although experts expect home sales to remain slow.Richard…

Understanding the broker relationship
On Real Estate

Understanding the broker relationship

January 3, 2015

A brief history may help. Before 1994, all real estate brokers were agents or subagents for the seller. Buyers had no legal representation because the seller paid the commission. Practically…

Construction projects rise around town
Business

Construction projects rise around town

December 27, 2014

Projects to build major apartment buildings, hotels and retail stores are moving ahead. Construction created a whopping 565 jobs in La Plata County from Jan. 1, 2013, to March 31,…

U.S. real estate recovery suffers setback
Business

U.S. real estate recovery suffers setback

December 27, 2014

Construction continues on a 72-unit complex being built in New Bern, N.C. Housing starts fell in November.Chuck Beckley/The Sun Journal Housing starts declined 1.6 percent, the first drop since August,…

Home affordability worsens across U.S.
Business

Home affordability worsens across U.S.

December 27, 2014

Of the 475 counties analyzed by RealtyTrac through October, 98 areas weren’t as affordable compared with the average level for the period starting in January 2000, the Irvine, California- based…

Choosing a home can be a personal thing
On Real Estate

Choosing a home can be a personal thing

December 27, 2014

There are opportunities to own homes in many settings, including world-class resorts like Glacier Club or Durango Mountain Resort, or you can choose to live on small acreage, a ranch…