Real estate

For 40 years, presidents have spent Inauguration Eve at Blair House - will Trump?

WASHINGTON – Where will Donald Trump spend Inauguration Eve? Will he embrace tradition and stay at Blair House? Or will he opt for something grander – say, his eponymous luxury hotel just a few...

DATE: Jan. 1, 2017 | CATEGORY: Business

Mortgage rates wander higher

Fixed mortgage rates moved slightly higher this week, closing out the year with their ninth straight increase. After jumping 14 basis points – a basis point is 0.01 percentage point – the week...

DATE: Jan. 1, 2017 | CATEGORY: Business

Pending home sales tumble in November

WASHINGTON – Fewer Americans signed contracts to buy homes in November. The decrease likely reflects the drag caused by rising mortgage rates and the shallow inventory of properties on the market....

DATE: Jan. 1, 2017 | CATEGORY: Business

Inventory, interest rates top real estate concerns for 2017

The past year for La Plata County real estate was a steady one in sales, a slow one for in-town builds and a diverse one for new and advancing projects. For the first time, partially because of...

DATE: Jan. 1, 2017 | CATEGORY: Business

Mortgage rates continue to rise

Buying a home has gotten much more expensive lately as mortgage rates’ rise continues unabated. Home loan rates have been on a tear the past eight weeks, climbing to heights not seen in more than...

DATE: Dec. 25, 2016 | CATEGORY: Business

D.C. hotel sale could be expensive for Trump

President-elect Donald Trump might face a financial loss should he opt to sell his Washington hotel now, complicating the possibility of a clean break from the property, which has become a flash...

DATE: Dec. 25, 2016 | CATEGORY: Business

Preparing for a winter sell

The old adage that winter freezes the real estate market has lost some credibility as buyers increasingly peruse homes online and sellers take advantage of less competition. A winter transaction...

DATE: Dec. 25, 2016 | CATEGORY: Business

Existing U.S. home sales reach highest level since February 2007

WASHINGTON – Americans bought homes in November in the fastest pace in nearly a decade. But rising mortgage rates, a deepening shortage of houses and higher prices are likely to weigh on the market...

DATE: Dec. 21, 2016 | CATEGORY: Business

Pinterest streamlines planning for home designers, decorators

Erin Treat of Durango travels a lot, which means when she plans a home improvement project, she has little time to sit down with a decorator or peruse vendors. But because of Pinterest, Treat said...

DATE: Dec. 18, 2016 | CATEGORY: Business

New home construction dips after surging in October

WASHINGTON – Builders pulled back on constructing homes in November, after ground breakings surged in October to the strongest pace in more than nine years. Housing starts fell 18.7 percent last...

DATE: Dec. 18, 2016 | CATEGORY: Business

Mortgage rates move higher

Mortgage rates carried on their steady ascent last week, moving higher for the seventh consecutive week. Home loan rates are loosely tied to long-term bond yields, which have been on an upward...

DATE: Dec. 18, 2016 | CATEGORY: Business

After decades of dads leaned back, a classic chair moves forward

Say goodbye to the dad chair. Today’s recliners are slimmer, smarter and more stylish than ever. Even La-Z-Boy, the 90-year-old brand whose name is as synonymous with classic recliners as Kleenex...

DATE: Dec. 18, 2016 | CATEGORY: Business

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