Real estate

Why so many millennials are living at home

A recent Pew Research Center report grabbed a lot of attention for saying that, for the first time since 1880, young adults ages 18 to 34 are more likely to live with a parent than in any other...

DATE: July 9, 2016 | CATEGORY: Business

Student loan debt is hurting housing sales

Nearly three-quarters of people who are repaying student loans say their debt is hindering them from buying a home, according to a survey. Although a college degree significantly enhances a...

DATE: July 9, 2016 | CATEGORY: Business

Goal of owning home still strong, and 8 other housing trends

WASHINGTON – Americans still want to own homes – if they can afford to. That’s the finding of a report released recently by the Harvard University Joint Center for Housing Studies. The pressures of...

DATE: July 2, 2016 | CATEGORY: Business

Another Main Avenue icon set to close

After nearly 60 years selling high-end men’s clothing, property and business owner Dennis Johnson has decided to close Stuart’s of Durango and place the building at 713 Main Ave. for lease at...

DATE: July 1, 2016 | CATEGORY: Business

U.S. construction spending fell again in May

WASHINGTON – U.S. construction spending fell for a second month in May, with weakness hitting all areas of building. Construction spending declined 0.8 percent in May following a 2 percent tumble...

DATE: July 1, 2016 | CATEGORY: Business

Pending U.S. home sales slumped in May amid supply shortage

WASHINGTON – Fewer Americans signed contracts to buy homes in May, with the year-over-year pace of pending sales sliding for the first time in nearly two years. The National Association of...

DATE: June 29, 2016 | CATEGORY: Business

Existing home sales soaring

WASHINGTON – Americans snapped up houses in May almost as soon as properties were listed, fueling the strongest sales rate in nearly a decade. Sales of existing homes rose 1.8 percent last month to...

DATE: June 25, 2016 | CATEGORY: Business

U.S. new-home sales tumbled in May after a surge in April

WASHINGTON – Americans pulled back from buying new homes in May, reversing strong gains made in April as sales fell sharply in the Northeast and West. New-home sales declined 6 percent last month...

DATE: June 25, 2016 | CATEGORY: Business

Here’s some changes you can really believe in

Durango, Bayfield, Ignacio and all the areas in between make up La Plata County. These communities started in the 1880s as a hot bed for mining because of the discovery of silver, gold and uranium...

DATE: June 25, 2016 | CATEGORY: On Real Estate

Number of Durango home buyers 34 and under is declining

Durango’s housing market is competitive, low on stock and, to the average earner, overpriced, which can altogether exclude would-be buyers within some demographics – specifically, young people. ...

DATE: June 24, 2016 | CATEGORY: Business

U.S. homebuilders growing more confident about sales

U.S. homebuilders are feeling more optimistic about their sales prospects this month than they have since the beginning of the year. The National Association of Home Builders/Wells Fargo builder...

DATE: June 18, 2016 | CATEGORY: Business

A millennial’s long journey to a post-recession loan

Ruth Paloma Rivera just bought her first home, battling her way through the paperwork obstacle course that is the post-crisis American banking system. In her initial attempt at obtaining a...

DATE: June 18, 2016 | CATEGORY: Business

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