Two dozen new Colorado laws — concerning issues including how tractors are repaired, how evictions are handled and how elections are run — go into effect on New Year’s Day, shortly before state legislators return to the Capitol and begin the lawmaking process all over again. The bills that are set to kick in next … Read more
The first migrant families are scheduled to move into temporary housing in the Mullen Home in the West Highlands at the end of this week after the Denver City Council approved a deal between the city and the Archdiocese of Denver. The city will lease the former assisted living facility at 3629 W. 29th Ave., … Read more
Denver added two more hotels to its collection Monday to help reach Mayor Mike Johnston’s goal of housing 1,000 homeless people, even as his administration has come under fire for how it is tracking that target. The council scheduled a special public hearing at the tail end of Monday’s meeting amid vehement opposition from some … Read more
Noel Hendrickson/Getty Images After a year full of record-high interest rates and home prices, experts say there are signs of improvement for the housing market in 2024. In December, the average mortgage rates dropped below 7% for the first time since August and after an 8% peak in October, which pushed housing costs to the … Read more
Several state lawmakers want to zero in on deep-rooted disparities that are holding back Black Coloradans economically, from low homeownership to disproportionately high incarceration rates, and expand the search for solutions. That’s the aim of legislation unveiled Wednesday that would charge History Colorado, the state’s historical society, with undertaking a comprehensive study into the reverberations … Read more
Australian borrowers face falling off a “mortgage cliff” as their fixed rates expire and the Reserve Bank of Australia’s repeated hikes to the cash rate set in. Analysis by finance comparison website Canstar shows fixed rate borrowers could see their monthly repayments rise by up to 63 per cent overnight. WATCH THE VIDEO ABOVE: Sunrise … Read more
Australian mortgage holders can breathe a sigh of relief following the Reserve Bank of Australia’s decision to pause cash rate hikes. The RBA met on Tuesday and decided not to hike the cash rate for only the second time since last May. WATCH THE VIDEO ABOVE: Economists make their rates predictions as threat of recession … Read more
A majority of Colorado voters say home ownership is only going to become less attainable, voicing broad concerns about the cost of living and the state’s broader affordability, according to results from a bipartisan poll released Tuesday. The poll, conducted for the Colorado Polling Institute Nov. 26-27 by a team of pollsters, also found a … Read more
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty Images Homeowners looking to refinance are finding savings after mortgage rates dropped again last week. The average contract interest rate for 30-year fixed-rate mortgages with conforming … Read more
The push by Denver Mayor Mike Johnston to move 1,000 homeless people off the streets by year’s end gained new urgency Tuesday as city officials detailed a schedule of coming encampment closures. And they confirmed that it will be converted hotels — not the micro-community sites in neighborhoods that have attracted the heaviest pushback — … Read more
