Real Estate Blog

Think Colorado is expensive? A new study from WalletHub says seven cities in the Front Range are among the 30 best places to buy a home in the United States.

The study ranked 300 cities and placed Denver at No. 13, Thornton at No. 17, Fort Collins at No. 19, Aurora at No. 20, Arvada at No. 22, Colorado Springs at No. 23 and Longmont at No. 30.

In the large-city ranking across the U.S., Denver came in at No. 2, Aurora at No. 4 and Colorado Springs at No. 5.

Each city was compared across 22…

A June 13 letter from Mayor Sylvester Turner and the city’s housing development director stated the city will buy about 19 homes once built for $245,000, and sell them for at least $150,000 for people who earn less than 120 percent of the area median income.

“There will be a point we have too much inventory again.”

The number of homes on the market surged, the number of sales dropped, and price reductions were abundant last month, all signs that buyers are pulling back in metro Denver, according to the latest market trends report from the Denver Metro Association of Realtors.

The inventory of single-family homes and condos available for sale at the end of August rose to 8,228, an increase of 7.65 percent from July and 11.8 percent higher than August 2017. Normally, the inventory barely drops between the two months and the change set a record.

“Over the past four years, we’ve experienced the strongest sellers’ market in recorded history,” Steve Danyliw, chairman of the DMAR Market Trends Committee and local Realtor, said in the report. “This past month, we saw available homes for sale increase to the highest level in four years, giving buyers more homes to choose from.”

Single-family home sales in August dropped 7.46 percent from July, and are down 9.75 percent from the same month a year ago. C..

The developer of the Mandarin Oriental Honolulu project near the Hawaii Convention Center is getting ready to break ground on the $1 billion project, which will add 125 new hotel rooms close to Waikiki, possibly by the end of this year.

Manaolana Partners is awaiting approval for the project’s demolition permit, after which work will start, Jim Ratkovich of Salem Partners, one of the project’s managing members, told Pacific Business News.

The project, dubbed Manaolana Place, will mark the…

The sale was effective Sept. 1; terms were not disclosed.

Laura Million’s job, like the whole economic development scene in Racine County, is changing because of Foxconn Technology Group’s manufacturing plant.

One of downtown Sacramento’s longest awaited construction projects is underway. Fences went up Thursday on the northeast corner of 7th and L streets, as a prelude to bracing work for the Marshall Hotel conversion project.

Two Class A office buildings in the Uptown area are currently undergoing major upgrades that will be complete this fall.

Houston-based Unilev Management Corp. along with Israel-based Azrieli Group and Los Angeles-based CBRE Group Inc. (NYSE: CBRE) announced that multimillion-dollar renovations at One and Three Riverway began last month and will be complete in November, according to a press release from CBRE, which is the the leasing representative for the buildings. One and Three Riverway total…

The proposition's opponents say it would prompt landlords and investors to abandon the rental market, existing units would deteriorate and, in the end, there would be fewer apartments.