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City officials in Denver want to stop “slot houses” from being built. Some community members have bashed what they call the homes’ ugly architecture, which has grown prominent in a few neighborhoods within the city. The city’s Land Use, Transportation, and Infrastructure Committee voted this week to place a moratorium on slot home construction. The full city council must still approve the moratorium for it to become law.Slot homes are box
Heightened concerns over the nation’s immigration policies and proposals caused some U.S. homeowners to sell their homes or even choose to then not buy a home last year, according to a new survey of more than 4,000 homeowners in the U.S. commissioned by the real estate brokerage Redfin. Fifteen percent of consumers surveyed said that they either sold their home or did not buy one last year out of concerns over immigration policies under Preside
Police deputies in Laguna Woods, Calif., killed a 65-year-old man after he threatened to shoot a contractor when he learned that the renovation plans on his home were over budget. Paul Mono was shot by sheriff deputies on Tuesday and was later pronounced dead at the hospital.Real estate professional Jennifer Heflin with Laguna Premier Realty sold Mono and his wife the home about five months ago in the gated senior community of Laguna Woods. She
Utility companies will pay less tax from a recent tax overhaul, and many are planning to pass those savings on to customers. Rate changes may shave a few dollars off the average customer’s bill in the coming months, The Wall Street Journal reports.The federal government slashed its corporate tax rate from 35 percent to 21 percent. Regulated gas and electric utilities will have to pay less tax, and some state authorities may give regulated ut
Millennials faces high student debt, soaring rents, and increasing property prices. But a new study shows they aren’t the generation who is dealing with the greatest hardships when it comes to breaking into the housing market. Instead, Generation X—those born between the mid-1960s and early 1980s—is the age segment that is having the toughest time saving up to buy a new home, a report from the National Association of REALTORS® sho
The highest mortgage rates in four years caused a pause in mortgage applications from home buyers and refinancers during a time when the market generally starts picking up in preparation for the spring season. Any shakeout from dips in the stock market in recent days will become more evident in mortgage demand in next week’s report from the Mortgage Bankers Association.Total mortgage application volume last week—which reflects home purchase
Housing permits, a gauge of new-home activity, slipped in the final quarter of 2017, which could worsen a housing shortage already shaking many markets across the country.Single-family permits are running at only 56 percent of normal activity, according to the National Association of Home Builders/First American Leading Markets Index.“We are concerned with the sluggish permit activity,” says Robert Dietz, chief economist at the National Assoc
Homeowners in Madisonville, Texas, who reported the theft of their home to police on Friday got some good news: The structure has been located. But it's too soon for them to relax yet.On Friday, Jo and Lonnie Harrison, a couple from Houston reported the missing house to police after they went to their vacation home and discovered it was completely gone from their 10-acre property in Madisonville.The Harrisons say the one-bedroom, one-bathroom pre
The majority of renters say they want to own a home in the future and believe that homeownership is a critical piece of the American dream. But making the leap into homeownership is facing bigger hurdles as the market sees higher home prices and a shortage of homes for sale, according to the National Association of REALTORS®’ newly released Aspiring Home Buyers Profile, which is based on findings from a survey of more than 10,000 households’
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