Nine years ago, one of Silverthorne’s few income-restricted housing properties was sold to a private firm. The sale — at a price that was double the property’s assessed value — raised worries in the high-cost mountain community that the new owner of the Blue River Apartments might lift rent caps that had kept its 78 … Read more
Real estate is increasingly a tale of two markets — a luxury sector that is booming, and the rest of the market that continues to struggle with higher rates and low inventory. Overall real estate sales fell 4% nationwide in the first quarter, according to Redfin. Yet, luxury real estate sales increased more than 2%, … Read more
Photographs line the walls, plants sit on windowsills and a Buddhist altar is arranged atop a dresser. Nearly every surface of the living room is covered by an item or memento collected by Thin Soe, Ye Ye Thin and their five children over the years in their three-bedroom apartment in Denver’s East Colfax neighborhood. Since … Read more
Gov. Jared Polis signed “for-cause” eviction protections into law Friday, making Colorado the sixth U.S. state to enact the policy that’s aimed at blunting displacement of vulnerable tenants. The law, passed by the legislature late last month, effectively gives tenants a right of first refusal to renew their leases. That protection, supporters say, will insulate … Read more
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level since mid-November of last … Read more
Sales of previously owned homes dropped 4.3% in March compared with February, to a seasonally adjusted annualized rate of 4.19 million units, according to the National Association of Realtors. Sales were 3.7% lower than in March 2023. This came after a big jump in sales in February. Rising mortgage rates are likely the cause of … Read more
An Adelaide woman said she’s about to lose her dream home because she’s been slapped with a bill for an extra $144,000 on top of the original price to finish construction of the dwelling and she cannot afford to pay. Fidelma McCorry signed up for a development constructed by Lofty Building Group in October 2021 … Read more
Colorado lawmakers are abandoning plans to overhaul the Regional Transportation District’s governing board and change how its members are selected after transit officials blasted the plan. Reps. William Lindstedt and Meg Froelich said Wednesday that they are still set to pursue other RTD reforms through House Bill 1447. But they said they plan to drop … Read more
West Eleventh residences, a luxury building in downtown Miami slated to break ground this summer, promises “endless indulgences.” It will feature an entertainment center, food hall, and a resort pool with private lounges—no amenity is spared. But these condos are designed to lure more than just Miami residents. The tower is part of a new … Read more
With just over three weeks left in this year’s session of the Colorado General Assembly, lawmakers are starting in earnest to push through their preferred policies — and that urgency means bill schedules will become even more fluid. Major bills are still being introduced, and some — chiefly around property taxes and relief — are … Read more
