houses

DENVER  | New wildfire erupts near Colorado ski resorts, houses

DENVER — A wildfire erupted Tuesday in an area of Colorado known for its ski resorts, forcing the evacuation of more than 1,300 homes and marking the latest in a series of blazes that have ignited in the drought-stricken U.S. West. The fire in central Colorado had burned only about 100 acres but was dangerously … Continue reading DENVER  | New wildfire erupts near Colorado ski resorts, houses

Survey Shows Pets Motivate First Time Millennials Home Buyers

August 6, 2017 (STLRealEstate.News) Pets appear to be the motivation for many millennials to pursue home-ownership. That’s according to a new survey conducted by Harris Poll on behalf of SunTrust Mortgage. The survey found that a third of millennial-aged individuals who purchased their first home say the need to have more space or a yard for … Continue reading Survey Shows Pets Motivate First Time Millennials Home Buyers

Insurers: Homes must fall down to be eligible for coverage

HARTFORD, Conn./July 2, 2017 (AP) (StlRealEstate.News) — Connecticut residents whose home foundations are crumbling are facing a perplexing problem with their insurance policies: The damage won’t be covered unless their homes collapse. More than two dozen insurance companies being sued in federal court by 40 homeowners recently filed court documents asking a judge to dismiss the class-action … Continue reading Insurers: Homes must fall down to be eligible for coverage

Average US mortgage rates flat to lower; 30-year at new low

WASHINGTON/June 29, 2017 (AP) (StlRealEstate.News) — Long-term U.S. mortgage rates were unchanged to lower this week, as the benchmark 30-year rate reached a new low for the year. Mortgage buyer Freddie Mac said Thursday the 30-year fixed-rate mortgage averaged 3.88 percent, down from 3.90 percent last week. The rate stood at 3.48 percent a year ago and … Continue reading Average US mortgage rates flat to lower; 30-year at new low

Robust US home price gains cool slightly in April

WASHINGTON/June 27, 2017 (AP) (StlRealEstate.News) — U.S. home prices rose at a healthy clip in April, though the increase slowed a bit from the previous two months. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index climbed 5.7 percent in April, after increases of 5.9 percent in March and February. Those gains were the highest in … Continue reading Robust US home price gains cool slightly in April

Buffett’s company buys 10 pct of real estate investment firm

OMAHA, Neb./June 26, 2017 (AP) (StlRealEstate.News) — Warren Buffett’s company is spending $377 million to pick up 9.8 percent of a real estate investment trust called Store Capital. The Scottsdale, Arizona, based real estate firm announced Berkshire Hathaway’s investment on Monday. Berkshire bought 18.6 million shares of Store Capital for $20.25 per share in a private placement … Continue reading Buffett’s company buys 10 pct of real estate investment firm

Home sales up in May, but buyers face sharply rising prices

WASHINGTON/June 21, 2017 (AP) (StlRealEstate.News) — Americans shopping for a house are facing an intensifying set of pressures: Fewer and fewer homes are being listed for sale, while prices are climbing at a pace that most incomes can’t possibly match. The May sales report released Wednesday by the National Association of Realtors shows a housing market unable … Continue reading Home sales up in May, but buyers face sharply rising prices

Feds say Kansas rule reduces competition, harms homebuyers

WICHITA, Kan./June 21, 2017 (AP)(StlRealEstate.News) — A proposed Kansas rule barring real estate brokers from offering gift cards would reduce competition and cause “significant harm” to homebuyers, the U.S. Department of Justice’s Antitrust Division told state regulators. The federal government doesn’t often weigh in on Kansas real estate regulations and its letter, written by Acting … Continue reading Feds say Kansas rule reduces competition, harms homebuyers