Rebound in homebuilding forecast for Durango

Rebound in homebuilding forecast for Durango

Increased mortgage rates, construction costs shouldn’t deter builders
Bob Allen, real estate appraiser and consultant with Allen & Associates, talks about some of the area real estate numbers Tuesday night during the 18th annual Wells Group forecast held at the Community Concert Hall at Fort Lewis College.
Bob Allen, real estate appraiser and consultant with Allen & Associates, left, John Wells, center, broker-owner of The Wells Group, and Jim Wotkyns, broker-owner of The Wells Group, listen to a recorded statement from Christi Zeller, executive director of the Energy Council on area gas and oil production on Tuesday night during the 18th annual Wells Group forecast held at the Community Concert Hall at Fort Lewis College.
John Wells, left, and Jim Wotkyns, broker-owners of The Wells Group, wait to make their presentations on Tuesday night during the 18th annual Wells Group forecast held at the Community Concert Hall at Fort Lewis College.
John Wells, broker-owner of The Wells Group, said he expects the steady improvement in the residential real estate market to extend into 2018 despite increased homebuilding costs and higher mortgage rates.

Rebound in homebuilding forecast for Durango

Bob Allen, real estate appraiser and consultant with Allen & Associates, talks about some of the area real estate numbers Tuesday night during the 18th annual Wells Group forecast held at the Community Concert Hall at Fort Lewis College.
Bob Allen, real estate appraiser and consultant with Allen & Associates, left, John Wells, center, broker-owner of The Wells Group, and Jim Wotkyns, broker-owner of The Wells Group, listen to a recorded statement from Christi Zeller, executive director of the Energy Council on area gas and oil production on Tuesday night during the 18th annual Wells Group forecast held at the Community Concert Hall at Fort Lewis College.
John Wells, left, and Jim Wotkyns, broker-owners of The Wells Group, wait to make their presentations on Tuesday night during the 18th annual Wells Group forecast held at the Community Concert Hall at Fort Lewis College.
John Wells, broker-owner of The Wells Group, said he expects the steady improvement in the residential real estate market to extend into 2018 despite increased homebuilding costs and higher mortgage rates.
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