Real estate

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

A seller’s market

Matt Jones and Andrea Nachtrieb purchased a 1,200-square-foot home in 2007 for $350,000. Several years and two children later, they believe now is the right time to upgrade to a larger home, they...

DATE: Feb. 4, 2014 | CATEGORY: Business

Average Durango rent approaching $1,000

Rents in Durango soared in 2013 amid a paucity of available rental properties. The average rent jumped 15 percent to $989 a month, up from $863 in 2012. The vacancy rate fell to 1.5 percent, down...

DATE: Feb. 1, 2014 | CATEGORY: Business

County home sales jump in 2013

The numbers are in, and they show that La Plata County’s real estate market made a large jump in activity in 2013. There were 1,036 homes sold last year, a 24 percent increase compared with the 834...

DATE: Jan. 19, 2014 | CATEGORY: Local News

Purgatory wins subdivision approval

Purgatory at Durango Mountain Resort on Tuesday won permission from La Plata County commissioners to subdivide lots at Purgatory Village, a step toward future development. The subdivided parcels...

DATE: Jan. 6, 2014 | CATEGORY: Local News

Fewer homes repossessed by lenders in October

LOS ANGELES – Fewer U.S. homes are completing the foreclosure process and ending up repossessed by banks because investors increasingly are buying up properties when they go on sale at public...

DATE: Nov. 16, 2013 | CATEGORY: Business

Housing alliance fills gap

A close-the-gap loan from the Regional Housing Alliance of La Plata County is about as convenient a way as there is for a borrower to come up with that last bit of funding needed to get into a...

DATE: Nov. 5, 2013 | CATEGORY: Local News

Home sales strong in Durango area in third quarter

Durango-area real estate posted nearly across-the-board gains during a busy summer marked by higher-priced sales and increased transactions. Homes in unincorporated La Plata County sold at a brisk...

DATE: Oct. 16, 2013 | CATEGORY: Local News

Middle-class buyers see fewer affordable homes

Middle-class home buyers are finding fewer homes on the market that they can afford. In 14 of the top 100 metropolitan regions, more than half of the for-sale homes earlier this month were out of...

DATE: Oct. 12, 2013 | CATEGORY: Business

Speak out Tuesday against ADU proposal

If you are opposed to allowing (and encouraging?) future development of accessory dwelling units in the historical district, come to the City Council meeting at 5:30 p.m., Oct. 15 and voice your...

DATE: Oct. 12, 2013 | CATEGORY: Letters to the Editor

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