Real estate

Montezuma housing prices rise, sales slip in 2016

Montezuma County home sales slipped last year, but prices rose about 5 percent because of a decreased inventory of homes, according to the Four Corners Board of Realtors. The Cortez-based board’s...

DATE: Jan. 20, 2017 | CATEGORY: Business

Mirador phase two begins

After a decade of stalled construction, the second phase of the Mirador development, known locally as “Box on the Rocks,” began last month, with a spring completion date for the duplex being built....

DATE: Jan. 20, 2017 | CATEGORY: Business

Apartments drive home construction up

WASHINGTON – U.S. builders ramped up home construction in December, led by a surge of apartment building, while single-family houses lagged. Housing starts jumped 11.3 percent last month, to a...

DATE: Jan. 19, 2017 | CATEGORY: Business

Homebuilder confidence, sales outlook slips

U.S. homebuilders are feeling slightly less confident this month about their sales prospects, a pullback from December when builders’ confidence reached the highest level in 11 years. The decline...

DATE: Jan. 18, 2017 | CATEGORY: Business

Brighten your Durango home for ‘Blue Monday,’ remainder of winter

Blue Monday – the term coined for the supposed “most depressing day of the year,” which falls on the third Monday in January – is approaching. Though Blue Monday’s origins are baseless and...

DATE: Jan. 15, 2017 | CATEGORY: Business

Mobile homes a welcome change for more people

When Mary Ann Ridenour and Bill Ridenour became empty nesters last year, their 3,200-square-foot home suddenly seemed superfluous. As many couples at this stage of life do, the Ridenours decided to...

DATE: Jan. 15, 2017 | CATEGORY: Business

Contractors seek payment for work on Trump D.C. hotel

WASHINGTON – Their employees installed plumbing, air conditioning, baseboards and crown molding in Donald J. Trump’s $212 million luxury Washington hotel. Afterward, they say, they were stiffed....

DATE: Jan. 13, 2017 | CATEGORY: Business

Red state homes are luring young blue buyers inland

Dayton, Ohio, gave the world the Wright Brothers and the electric cash register. As recently as 1990, manufacturing jobs there were the backbone of the local economy. But in the two decades since,...

DATE: Jan. 8, 2017 | CATEGORY: Business

What’s trending in Durango kitchen designs

If a home remodel is in the forecast for 2017, there’s a good chance it’s the kitchen, which is among the most common home improvement projects as well as one of the most lucrative when it comes to...

DATE: Jan. 6, 2017 | CATEGORY: Business

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