Average U.S. mortgage rates fell this week

WASHINGTON – U.S. long-term mortgage rates dipped this week to the lowest average in more than a year, providing a possible boost to the start of the Spring homebuying season in March. Mortgage...

DATE: Feb. 21, 2019 | CATEGORY: Business

194 new apartments on the way in Durango

Durango’s tight rental market is about to get some relief with the gradual opening of 194 new apartments as construction finishes at Rocket Pointe apartments. Rocket Pointe, 1255 Escalante Drive,...

DATE: Feb. 17, 2019 | CATEGORY: Business

Homebuilders see a bright spot in the gloom

NEW YORK – Todd Wood sold his commercial-baking business for $120 million and weighed plans to get into real estate – then decided that most existing business models were the equivalent of...

DATE: Feb. 7, 2019 | CATEGORY: Business

Mortgage rates tumble to 10-month low

Fixed mortgage rates sank to a 10-month low this week amid uncertainty about the health of the economy. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average...

DATE: Feb. 7, 2019 | CATEGORY: Business

County reconsiders new septic regulations

Montezuma County Commissioners are reconsidering a new regulation they previously approved that prevents nonfunctioning septic systems. The commissioners voted 3-0 to put a six-month moratorium on...

DATE: Feb. 7, 2019 | CATEGORY: Local News

Purgatory-area housing market strengthens

Real estate in the Purgatory area is experiencing a delayed renaissance after taking a hit during the 2008 Great Recession. Since 2017, new construction has become a more common sight in the north...

DATE: Feb. 3, 2019 | CATEGORY: Business

Home prices in 20 US cities rise by least in almost four years

Home prices in 20 U.S. cities rose in November at the slowest pace since early 2015, decelerating for an eighth straight month as buyers balk at the ever-receding affordability of properties. The...

DATE: Jan. 29, 2019 | CATEGORY: Business

La Plata County home prices increase as inventory shrinks

A slew of factors is constraining the construction of new houses as retiring baby boomers and second-home owners who find La Plata County a desirable place to live push home prices up to levels at...

DATE: Jan. 23, 2019 | CATEGORY: Local News

Heartwood Cohousing near Bayfield plans to expand

Becky Logan moved into Heartwood Cohousing near Bayfield in November because she was looking for a community after years of traveling in an RV. She was drawn to cohousing by the tight-knit...

DATE: Dec. 27, 2018 | CATEGORY: Local News

Millwood Junction not being sold

Talk in Cortez business circles that the Millwood Junction restaurant in Mancos was being sold is not true, said owner Joann Riffel. A business source told The Journal on Thursday that the owner...

DATE: Dec. 19, 2018 | CATEGORY: Local News

Rising prices make it difficult for first-time homebuyers

Wildland firefighter Jonathan Wegener dreamed about homeownership for about four years before recently purchasing his first home in north Animas City. For a while he hunted for a house in Mancos...

DATE: Dec. 5, 2018 | CATEGORY: Local News

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