Realty Viewpoint: Reroute The Commute
by Blanche Evans
The nation is learning a tough lesson — that designing our lifestyles around cheap gas was a short-sighted mistake for two reasons.
We’re vulnerable and the amount of what we use is unsustainable.
First, we’re using twice the energy we did before the first oil embargo of the 1970s which makes us vulnerable to pricing, […]
read more »Real Estate Outlook: Resales Up, Rate Dip
by Kenneth R. Harney
They’re not overwhelming yet, but definite signs of improvement continue to pop up in real estate around the country.
Take the latest home resale report: Sales were up by 2 percent nationally in May, and up 5.5 in the Midwest and 4.6 percent in the Northeast.
Condo sales also jumped 5.5 percent nationwide.
Sales of […]
read more »700 negotiations continue
Steamboat Springs - The city and Steamboat 700 developers agreed Tuesday night to allow the annexation process to move forward without a completed environmental assessment - a study that could take 18 months or longer to complete.
The Steamboat Springs City Council and Steamboat 700 developers continued the lengthy pre-annexation negotiating process during the council’s Tuesday […]
read more »Mortgage applications show rebound
Mortgage Bankers Association reports 10.9% rise in applications for week of June 6.
WASHINGTON (AP) — Mortgage application volume rose 10.9% during the week ending June 6, rebounding from a sharp decline one week earlier, according to the Mortgage Bankers Association’s weekly application survey.
The MBA’s mortgage application index rose to 557.1 during the week, from 502.3 […]
read more »Where home prices are headed next
Want to know what your home will be worth this time next year? Check out these home price forecasts for the 100 largest U.S. markets, from Money Magazine.
(Money Magazine) — The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months […]
read more »The Annual Art Walk
June 5th was the kick off for the annual Art Walk in downtown Steamboat. Each year the local artists display their work in galleries and shops through Steamboat. Each Friday the galleries open late and allow people to just stroll through and appreciate the artwork. A new twist this year includes local woodworkers and furniture […]
read more »Colorado Real Estate News
Litigation over, Wolf Creek project still isn’t a certainty.
The developer of southwestern Colorado’s proposed Village at Wolf Creek and the owners of the Wolf Creek Ski Area have settled their lawsuit — but that’s no guarantee the village will get built.
The Village at Wolf Creek is planned to be a base village for the ski […]
read more »Farmers Market kicks off summer
Steamboat Springs - Kelly Victory is back in Steamboat Springs for the summer - and so is the Farmers Market.
“We came down to find some vegetables for dinner tonight. We’re throwing some pork chops on the grill,” Victory said Saturday morning. “We just got back into town, and it’s great that the Farmers Market is […]
read more »Market Conditions Summary for Routt County, Colorado
National Summary (U.S.)
Existing-home sales are projected to trend up in 2008, with pending home sales showing a slight near-term rise, according to the latest forecast by the National Association of REALTORS®. However, a recovery for new-home sales is unlikely before 2009.
Lawrence Yun, NAR chief economist, said the worst part of the credit crunch has already […]
read more »Home sale closure rate staggers
More than one out of four homes in the Denver area placed under contract in May failed to close, according to an analysis of a monthly report on homes sold by Realtors.
The 25.81 percent “fallout rate is staggering,” said Larry McGee, president of the Berkshire Group, who for the first time analyzed that aspect of […]
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