Real estate

Expired tax credit costs homeowners

WEST PALM BEACH, Fla. – Attorneys are predicting a rash of bankruptcies and a prolonged foreclosure morass if an expired tax exemption for homeowners isn’t restored by Congress. The Mortgage Debt...

DATE: March 8, 2014 | CATEGORY: Business

Knock it down, build it up

T he sound of saws whirring and hammers knocking is echoing around downtown Durango this spring as builders knock down, rebuild and remodel residential homes. Strong demand for downtown homes is...

DATE: March 8, 2014 | CATEGORY: Business

In sellers market, seek help from qualified agent

The real estate market is back and active. The statistics tell us it is a sellers’ market and inventory is low, so if you have held off selling your home, now would probably be a good time to list....

DATE: March 8, 2014 | CATEGORY: On Real Estate

Dalton Ranch sold to investment company

Dalton Ranch Golf Club has been sold to an investment company based in Montrose, beginning a new era for the resort north of Durango. The sale closed Feb. 28 for $3.4 million, according to a...

DATE: March 8, 2014 | CATEGORY: Business

Common winter hazard: Frozen pipes in home

It’s a telltale sign: you turn on the faucet and ... nothing. With record cold in much of the nation this winter, many homeowners have had (or will have) to deal with pipes freezing – and then...

DATE: March 8, 2014 | CATEGORY: Business

Downtown’s iconic Day House resurrected

The Day House, one of downtown Durango’s oldest and most recognizable properties, has undergone a remarkable transformation at the hands of local developer Mark Williamson. For years, the Day House...

DATE: March 1, 2014 | CATEGORY: Business

Energy efficiency doesn’t always add value

Homeowners who install expensive solar systems and other energy-efficiency measures are not necessarily recouping their investments when they sell, a situation that energy-efficiency experts worry...

DATE: March 1, 2014 | CATEGORY: Business

Solid new-home sales lift hopes for strengthening housing market

WASHINGTON – A surprisingly strong pace of new-home sales to start the year has boosted hopes that the spring buying season will be solid enough to lift the overall economy. Sales of new homes...

DATE: March 1, 2014 | CATEGORY: Business

Contracts to buy U.S. homes barely budged in January

WASHINGTON – The number of Americans who signed contracts to buy homes was essentially flat in January, a possible sign of a softening real estate market. The National Association of Realtors said...

DATE: March 1, 2014 | CATEGORY: Business

Lenders see write-off, ‘underwater’ homeowners face whopping tax bills

Come tax time, JPMorgan Chase will be able to write off the $1.5 billion in debt relief it must give homeowners to satisfy the terms of a recent settlement. But the homeowners who receive the help...

DATE: March 1, 2014 | CATEGORY: Business

Are vacation rentals good for Durango?

Durango already has a tight housing market, and the rising popularity of vacation rental homes isn’t helping simplify matters. Conflicts between property owners have popped up over parking,...

DATE: Feb. 26, 2014 | CATEGORY: Local News

Hillcrest complex sells for $14.5M

A Durango apartment complex has sold for $14.5 million to a California venture capital firm. Hillcrest Apartments, near Fort Lewis College and Hillcrest Golf Club, is Durango’s largest apartment...

DATE: Feb. 21, 2014 | CATEGORY: Local News

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