Real Estate

New and active listings climbed in January, making Denver area realtors optimistic for the spring selling season despite the Federal Reserve not planning to cut interest rates in March. “As we kick off the new year, buyers appear to be wearing rose-colored glasses, ready to put themselves back in the real estate market as they finally have more choices,” said Libby Levinson-Katz, chairwoman of the Market Trends Committee, in comments included with the monthly update from the Denver Metro Association of Realtors. The…

The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty ImagesEmbattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid to soothe skittish investors.But one of the most crucial resources for any bank appears to be in short supply for NYCB lately: confidence.The regional bank late Tuesday said that deposits were stable at $83 billion and that the firm had ample resources to cover any possible…

By Zach Wichter, Bankrate.com Buying your first home can be an overwhelming experience: a high-stakes adventure that can leave you feeling elated and exhausted all at the same time. And, as a newbie, it’s easy to make (sometimes costly) mistakes if you don’t know how the homebuying process works. Whether you are a brand-new house hunter or one returning to the market after many years, you can sidestep potential pitfalls by understanding the basics of homebuying and home financing, and knowing what questions to ask. Here’s…

Sellers in metro Denver rose from their slumber last month, putting more new listings on the market and setting the stage for a larger number of home closings this month and next, according to a monthly update from the Denver Metro Association of Realtors. New listings, which have been restrained since interest rates started rising from historic lows in 2022, jumped 90% between December and January to 3,280 and are up 14.7% from a year ago. Big jumps in listings between December and January, however, are common, and back…

This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of Realtors reported Tuesday. Sales were 16.6 percent lower compared with July of last year, while homes were sold at the slowest July pace since 2010. (Photo by Li Jianguo/Xinhua via Getty Images)Xinhua…

It’s been nearly 44 years since Terry Ten Eyck bought 35 acres at the mouth of Coal Creek Canyon, motivated by a dream of buying up more land and building a community of custom-made luxury homes. After several lawsuits, a failed ballot measure to thwart the development and a cratered real estate scene during the Great Recession, the first two homes in Canyon Pines finally have begun to rise from the ground at the base of Coal Creek Peak. The construction is Arvada’s first major residential foray west of Colorado 93, where…

Colorado homebuyers couldn’t catch a break last year, having to juggle mortgage rates approaching 8% by early fall and home prices that remained stubbornly high despite reduced affordability. Home and condo sales dropped nearly 20% last year and sales times stretched out by an additional week to 62 days on average, according to 2023 counts from the Colorado Association of Realtors. But higher rates didn’t cause prices to fall in a meaningful way or boost the inventory of listing, leaving buyers in a tough spot. Looking at…

The Centre’s push to expand metro lines, airports and scheme to help the middle class buy their own house are among measures announced in the interim budget that will boost the real estate sector, say developers in Noida and western Uttar Pradesh.The developers hailed the interim budget presented on February 1 by Union Finance Minister Nirmala Sitharaman and announced the government’s plan to build two crore more homes for rural poor in the next five years under the Pradhan Mantri Awas Yojna (PMAY).She also announced a…

Immediately following a particularly volatile season of The Real Housewives of Salt Lake City, the hit reality TV show on which she’s starred since 2020, O.G. cast member Whitney Rose and her businessman husband Justin Rose have put their luxurious main Utah residence on the market. Asking $2.1 million, the 6,000-square-foot South Jordan house features a bevy of lavish amenities, plus lake and mountain views. The Roses bought the modern farmhouse-style home in 2019, the same year it was built; while it…

During the past four years, the COVID-19 pandemic and inflation fears encouraged record interest and investment in Colorado ranch properties. Just as pandemic worries pushed homebuyers out of cities and into bigger homes in the suburbs, wealthier buyers turned to ranch properties for more space, privacy, and opportunities to become more self-reliant. Mike Ledger with Confluence Land Company, a Denver real estate brokerage specializing in buying and selling ranches and farms, said interest has been high for ranch…