The ABCs of mortgage lending

The mortgage process can be intimidating. The mortgage world uses an alphabet soup of acronyms – FTHB, USDA, FHA, FNMA, FMCC, FHLB, LPHF, LTV, FICO, DTI, MI. Let’s break this down and see how a...

DATE: April 26, 2014 | CATEGORY: On Real Estate

Sales of existing homes slip to a 20-month low

WASHINGTON – Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers. The...

DATE: April 26, 2014 | CATEGORY: Business

LED technology being used in ceilings, carpets

LEDs no longer are just light bulbs. They’re now starting to appear as a built-in feature for ceilings – an advance predicted 50 years ago by science fiction writer Isaac Asimov. These tiny...

DATE: April 26, 2014 | CATEGORY: Business

New-home sales dip 14.5 percent in March in U.S.

WASHINGTON – The number of Americans buying new homes plummeted in March to the slowest pace in seven months, a sign that real estate’s spring buying season is off to a weak start. The Commerce...

DATE: April 26, 2014 | CATEGORY: Business

Tips, serious and not, for keeping squirrels away

They’re vermin to some. Cunning adversaries to others. Squirrels have long been a source of fascination and frustration for gardeners and bird enthusiasts engaged in a near-constant battle to keep...

DATE: April 26, 2014 | CATEGORY: Business

District 9-R looks at land, road deals

Durango School District 9-R administrators are looking at two land deals that would increase district independence and smooth the operation of two campuses. The sale of a half-acre owned by the...

DATE: April 20, 2014 | CATEGORY: Local News

How is La Plata doing for home sales this quarter?

The numbers are in, and according to a news release from the Durango Area Association of Realtors, home sales in La Plata County in the first quarter of 2014 reflect a slight decline from the same...

DATE: April 20, 2014 | CATEGORY: Local News

Durango’s mountain home market shows growth

Vacation home sales rose sharply in 2013 across the nation as wealthy individuals again put money into real estate in the form of second homes, the National Association of Realtors said. Vacation...

DATE: April 19, 2014 | CATEGORY: Business

Inventory impacting local housing market

Last week, the Colorado Association of Realtors and the Durango Area Association of Realtors released their first-quarter real estate statistics. In a nutshell, the number of properties sold in...

DATE: April 19, 2014 | CATEGORY: On Real Estate

Higher mortgage rates seen as likely

Real estate professionals are closely watching interest rates for any increases, amid widespread concern that higher mortgage rates could slow the housing market this summer. Higher interest rates...

DATE: April 12, 2014 | CATEGORY: Business

Preparing your home for sale can speed deal

Inventory in Durango is low, the real estate market is busy and prices are increasing. If you have decided the time is right to sell your home, ask your real estate agent for a comparative market...

DATE: April 12, 2014 | CATEGORY: Business

Growing demand for apartments pushing up rents

These are good times for U.S. landlords. For many tenants, not so much. With demand for apartments surging, rents are projected to rise for a fifth consecutive year. Even a pickup in apartment...

DATE: April 12, 2014 | CATEGORY: Business