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Ar 170309831

Famous Waldorf Astoria getting makeover

NEW YORK – The word “grand” matched few hotels in the world better than New York City’s Waldorf Astoria, but this bastion of gilded splendor is now closing for two to three years for a...

DATE: March 3, 2017 | CATEGORY: Business

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Ar 170309833

Why Trump’s immigration crackdown could sink U.S. home prices

In San Francisco, an Indian software engineer on a work permit canceled plans to bid on a $900,000 home. In Washington, a Brazilian nonprofit executive passed on a fixer-upper near her office. And,...

DATE: March 3, 2017 | CATEGORY: Business

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Ar 170229565

U.S. home prices rise in December at fastest pace in a year

WASHINGTON – U.S. home prices rose in December from a year earlier at the fastest pace in 11 months, as prospective buyers bid against each other for a limited supply of available property. The...

DATE: Feb. 28, 2017 | CATEGORY: Business

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Ar 170229615

Fewer Americans signed contracts to buy homes in January

WASHINGTON – Fewer Americans signed contracts to purchase homes last month as rising prices, higher mortgage rates and a dwindling supply of available homes appeared to frustrate many potential...

DATE: Feb. 27, 2017 | CATEGORY: Business

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Ar 170229730

Not without my dog

“A bird may love a fish, but where would they make their home together?” playwright Joseph Stein famously wrote. It’s a poetic musing too familiar in Durango, where owning a pet seems almost a...

DATE: Feb. 24, 2017 | CATEGORY: Business

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Ar 170229752

New home sales rise in sign of housing market health

WASHINGTON – Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates. New home sales rose 3.7...

DATE: Feb. 24, 2017 | CATEGORY: Business

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Ar 170229778

Landlords are taking over the U.S. housing market

As rising home prices slow new home construction and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters and landlords. Last year, 37 percent...

DATE: Feb. 23, 2017 | CATEGORY: Business

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Ar 170229862

Existing home sales pick up speed in U.S.

WASHINGTON – Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. Home sales rose 3.3 percent in January from December to a seasonally...

DATE: Feb. 22, 2017 | CATEGORY: Business

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Ar 170219625

La Plata County building codes to take on tiny house provisions

La Plata County could take another tiny step toward housing diversity by considering a brand new international building code provision to address tiny house construction. “The International Code...

DATE: Feb. 19, 2017 | CATEGORY: Business

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Ar 170219615

More home sale agreements falling apart

Spending months to find the perfect home in your price range, only to have your mortgage application rejected or a home inspection turn up expensive repairs, is a nightmare – one that is coming...

DATE: Feb. 17, 2017 | CATEGORY: Business

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Ar 170219661

Veritas receives customer service award

Veritas Fine Homes Inc. of Durango was awarded “Best Of Customer Service” on Houzz, the leading platform for home remodeling and design. Customer Service honors are based on several factors,...

DATE: Feb. 16, 2017 | CATEGORY: Local News

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Ar 170219674

New housing starts fall across U.S.

WASHINGTON – U.S. builders broke ground on fewer homes last month, led by a drop in apartment construction. The number of new housing starts declined 2.6 percent in January to a seasonally adjusted...

DATE: Feb. 16, 2017 | CATEGORY: Business