Real Estate Blog

A Stillwater home with mid-century modern styling and blufftop views of the St. Croix River is on the market for $1.4 million.

Constructed in 1956, the three-bedroom house is 2,772 square feet spread out over three levels. There are three-quarter baths on the upper and lower levels that have been updated with subway tiles and heated floors.

A 15-minute walk from downtown Stillwater, 903 Fourth Ave. S. is in an area known as Quarry Hollow. The 3-acre lot is flat and seems to offer plenty of privacy,…

The Business Journal spoke to several Valley custom and luxury homebuilders, who said home prices this year seem fairly consistent, albeit up from several years ago, even as customers are asking for new and different amenities.

A 3.5-acre private peninsula on Middle Lake that includes a boat house, pier, expansive recreation room and bar, and 900 feet of shoreline recently became available for $1.27 million.

Located in Walworth County at W5690 North Dr. in La Grange, the 13-room, wood-exterior lake home features five bedrooms, four bathrooms, a pickleball court, multiple fireplaces and a wrap-around deck. It is within distance to the Evergreen Country Club in Elkhorn and the Kettle Moraine State Forest.

The home was…

Colorado’s hottest real estate market this year isn’t Denver or Colorado Springs or Fort Collins. It is Pueblo, which reflects a larger national trend that has buyers scrounging through the bargain bin to find homes they can afford.

“Homes have become radically less affordable. People are unhappy with housing,” said Glenn Kelman, CEO of Redfin, in a keynote speech before the National Association of Real Estate Editors in Austin on Friday.

Not that long ago, cities like San Jose, Seattle and San Francisco were enjoying some of the biggest price gains and strongest interest from buyers. Denver also used to be a regular on the list of hottest real estate markets put out by Realtor.com.

But San Jose home prices are now falling year-over-year and Seattle, San Francisco and Los Angeles are likely to join it, said Skylar Olsen, director of economic research with Zillow Group. Price gains are slowing in metro Denver, and a growing share of residents here are looking to relocate.

Rochester,..

Falling mortgage rates have put some wind back into existing home sales, but new home purchases are taking on water.

“The key issue is housing affordability,” said Robert Dietz, chief economist at the National Association of Homebuilders. “Single-family home sales will be flat this year.”

Helen H. Richardson, The Denver Post fileA workman carries planks of wood for a house while working on building new homes in the Beeler Park neighborhood of Stapleton on Aug. 1, 2018, in Denver.Dietz, speaking Thursday at the National Association of Real Estate Editors annual conference in Austin, said lower mortgage rates, combined with a continued pivot by builders to more affordable housing products, should help lift new home sales in the second half of the year following a decline the past two months in Census Bureau counts.

Affordability remains a big drag on the market, with much of California, the Pacific Northwest and Colorado’s northern Front Range ranking among the most unaffordable areas..

Yet another new development could join the growing ranks of prominent projects on the family's prime holdings.

It's the biggest downtown Denver office sale of 2019.

The 81,000-square-foot, $22 million project is expected to open in the fall or 2020.

The Howard Hughes Corp., which has completed four mixed-use condominiums at its Ward Village in Honolulu and is working on building another two, has hired Centerview Partners to help the developer conduct a strategic review of its options going forward, which could include a sale of the company.

The Howard Hughes Corp. (NYSE: HHC) issued a statement Thursday from CEO David Weinreb, who said company leadership was “determined to close the significant gap between our share price and the company’s…

International distributor Bunzl Distribution USA is planning a major Albuquerque expansion and has signed a “long-term” lease for a new building under construction at the site of the former FedEx Freight facility.

The company, a distributor of food packaging, supplies and cleaning and safety products, will relocate to a newly constructed 80,000-square-foot facility, 7601 Los Volcanes Road NW. The plant will be nearly double the size of its previous one. Operations Manager Adam Longbotham confirmed…