Real estate

U.S. home prices rise in December at fastest pace in a year

WASHINGTON – U.S. home prices rose in December from a year earlier at the fastest pace in 11 months, as prospective buyers bid against each other for a limited supply of available property. The...

DATE: Feb. 28, 2017 | CATEGORY: Business

Fewer Americans signed contracts to buy homes in January

WASHINGTON – Fewer Americans signed contracts to purchase homes last month as rising prices, higher mortgage rates and a dwindling supply of available homes appeared to frustrate many potential...

DATE: Feb. 27, 2017 | CATEGORY: Business

Not without my dog

“A bird may love a fish, but where would they make their home together?” playwright Joseph Stein famously wrote. It’s a poetic musing too familiar in Durango, where owning a pet seems almost a...

DATE: Feb. 24, 2017 | CATEGORY: Business

New home sales rise in sign of housing market health

WASHINGTON – Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates. New home sales rose 3.7...

DATE: Feb. 24, 2017 | CATEGORY: Business

Landlords are taking over the U.S. housing market

As rising home prices slow new home construction and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters and landlords. Last year, 37 percent...

DATE: Feb. 23, 2017 | CATEGORY: Business

Existing home sales pick up speed in U.S.

WASHINGTON – Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007. Home sales rose 3.3 percent in January from December to a seasonally...

DATE: Feb. 22, 2017 | CATEGORY: Business

La Plata County building codes to take on tiny house provisions

La Plata County could take another tiny step toward housing diversity by considering a brand new international building code provision to address tiny house construction. “The International Code...

DATE: Feb. 19, 2017 | CATEGORY: Business

More home sale agreements falling apart

Spending months to find the perfect home in your price range, only to have your mortgage application rejected or a home inspection turn up expensive repairs, is a nightmare – one that is coming...

DATE: Feb. 17, 2017 | CATEGORY: Business

Veritas receives customer service award

Veritas Fine Homes Inc. of Durango was awarded “Best Of Customer Service” on Houzz, the leading platform for home remodeling and design. Customer Service honors are based on several factors,...

DATE: Feb. 16, 2017 | CATEGORY: Local News

New housing starts fall across U.S.

WASHINGTON – U.S. builders broke ground on fewer homes last month, led by a drop in apartment construction. The number of new housing starts declined 2.6 percent in January to a seasonally adjusted...

DATE: Feb. 16, 2017 | CATEGORY: Business

Optimism among homebuilders weakens

U.S. homebuilders are feeling a bit less confident this month, reflecting a dimmer outlook for sales in the months ahead and fewer would-be buyers dropping by builders’ sales offices. The...

DATE: Feb. 15, 2017 | CATEGORY: Business

Spring Creek Village lots available

Construction has picked up at a small La Plata County development that’s marketing affordable lots three miles east of town. Phase two of Spring Creek Village off Florida Road is underway, with 17...

DATE: Feb. 12, 2017 | CATEGORY: Business

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