Real Estate Blog

Some frustrated homebuyers may wish they could build a time machine and go back a year, even six months.

Between much higher home prices and sharply higher interest rates, the monthly payment on a typical home purchased in metro Denver last month was 54.5% higher than it was in May 2021, according to an updated study from Seattle-based real estate research firm Zillow.

That “typical” payment in Denver hit $3,394 a month in May, which is above the national average of $2,031 and above the typical rent payment in metro Denver of $1,988 captured in the Zillow Observed Rent Index. Rent inflation is running 14.2% a year in metro Denver, a fraction of the 54.5% gain seen in home payments on new purchases.

Those who owned a home before the pandemic or who took advantage of low rates in 2020 and 2021 to purchase a home or refinance a mortgage are sitting in a much better position than those who are still looking to buy. And as bad as May was, the situation deteriorated further this month.

“..

Information provided by the List participants

The warehouse has yet to sign tenants.

Intel CEO Pat Gelsinger wants every cement truck in the state working for him when the company’s planned $20 billion semiconductor manufacturing complex begins construction. But local construction leaders say that’s not possible — and it poses an additional challenge to their construction operations.

For the second time this month, a property that's home to a supermarket is at the center of a commercial real estate flip.

Marquette University sold about 10 acres for $12.3 million to the developers working toward approvals for the Iron District redevelopment with a soccer stadium and concert venue.

A new Trader Joe's store may be coming to the Portland area, according to a media report.

A building permit was issued this week to renovate a 25,000-square-foot space at 16200 S.W. Pacific Highway in Tigard and indicated the new use would be a Trader Joe's location, according to a story in the Oregonian Tuesday. The report identified the space as a former Albertsons store at 16200 S.W. Pacific Highway.

The owner of the property is California real estate developer Helsin Holdings Inc., the Oregonian…

Cincinnati Center City Development Corp. (3CDC) has been awarded state tax credits to help it renovate buildings in the Central Business District and Over-the-Rhine.

“It's a prime piece of real estate.”

Driven by skyrocketing home prices and rising interest rates, average mortgage payments in the Twin Cities have climbed by more than a third in the last year, pushing the metro area's homeowners above a threshold widely considered burdensome.

The typical 30-year fixed-rate monthly mortgage payment rose to $2,308 in the Minneapolis/St. Paul metro in June, according to a Zillow (Nasdaq: ZL) report published Tuesday. That's a 37% increase from a year ago, less than the national average increase of…