Colorado lawmakers have passed new legislation in a years-long effort to curb foreclosures by homeowners associations and metropolitan districts that are based on unpaid fines and fees. The reform bills — including one for metro districts that’s already been signed into law — have aimed to create new regulations for HOAs and metro districts by … Read more
The Australian dream of owning your own home is being “crushed” by rising rents and over-inflated house prices, a new report finds. After reviewing more than 45,000 rental listings, Anglicare Australia’s rental affordability report has declared the market the worst it has ever been. “This is not hyperbole,” the report released on Tuesday said. Newsletters: … Read more
At this time last year, Colorado lawmakers were preparing to gut Gov. Jared Polis’ massive and marquee land-use bill that would have reshaped zoning across the state, spurring a stalemate that preceded the proposal’s death. Now, after reviving most of that proposal in smaller pieces as part of a new strategy, reform supporters see a … Read more
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
