Here is a great email I just received from a local lender here in town named JR Spies from the Mortgage Link:
* Subject: Beware of Mortgage Rate Spike this Spring
Hi Everyone,
I know I haven’t given you much information lately because it seemed like there wasn’t a whole lot to share. However, you will notice from [...]

I can’t say it enough…it’s a great time to buy!
There was an interesting article posted in this Sunday’s paper about the recent home sales in La Plata County.  The positive article brings up the recovery of the market and how the median home price is gradually falling.  Buyers are returning for the good deals and [...]

Being born and raised in Austin, Texas  (the said to be – live music capital of the world) a town FULL of entertainment and excitement, I have high expectations for the “arts” if you will.
When I first moved to Durango I immediately checked out the music venues and the Arts scene.  Even to this day [...]

Coming into the holiday season, what’s new with the real estate market in Durango?
I feel as though the phones are not ringing as much as the last few weeks but we are still plenty busy and the deals from last month are still running towards the finish line and closing.  We expect it to slow [...]

Here’s a quick overview:
$8,000 First-time Home Buyer Tax Credit at a Glance
The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
The tax credit does not have [...]

The next Real Estate Investors meeting will be held on Thursday, November 12, 2009 6:30 PM in the Pine Room at The La Plata County Fairgrounds. Mr Rick Lorenz will be speaking on the subject of using your IRA for investing in real estate as well as a primer on investing in single family homes. [...]

What has sold in the last week?
15 Homes have sold in the last week. 7 were in town, the other 8 were in rural areas of Durango.
5 were Condo or Town homes, 2 manufactured homes and 8 were stick regular built homes.
-The average sold price: $415k.  (on a steady incline)
-Average Days on market: 238 (this [...]