Neighborhoods

Smart City Coming

There isn’t much else to see right now at Pena Station Next, the connected neighborhood where autonomous shuttles will one day transport residents to the nearby RTD rail stop, shops and restaurants. But at the recent Consumer Electronics Show in Las Vegas, Panasonic, a partner in Denver’s smart city project, gave attendees a closer look at…

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IS THE NEW WORD FOR THE WEEK “ZULIA” OR “TRILLOW?”

IS THE NEW WORD FOR THE WEEK “ZULIA” OR “TRILLOW?” Zillow, the Seattle-based real estate website known for assigning a “Zestimate” to home values is buying San Francisco’s Trulia for $3.5 billion in stock, the companies announced this week.   The merger is expected to be completed sometime in 2015.  According to Spencer Rascoff, the chief…

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Pet Amenities the Next Big Thing?

Pet Amenities the Next Big Thing? In what is thought to be a first for the homebuilding industry, Standard Pacific Homes is constructing models that offer a pet suite as an optional amenity. The company, inspired by the results of livability studies conducted with home owners, is promoting the homes in 27 residential developments from…

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Builder Confidence Rises Above Key Benchmark

Builder Confidence Rises Above Key Benchmark Builders are gaining confidence in the new single-family home market, with the National Association of Home Builders/Wells Fargo Housing Market Index reaching an important milestone this month. The index rose four points to reach 53 in July. Any reading above 50 indicates more builders view sales conditions as good…

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Decline in Foreclosures Reaches 'Important Milestone'

Decline in Foreclosures Reaches ‘Important Milestone’ Foreclosure activity in June was down 16 percent from a year prior, marking the lowest level since July 2006 — before the housing bubble burst — according to RealtyTrac’s Midyear 2014 U.S. Foreclosure Market Report. The report showed a much-improved picture: Foreclosure filings, which include default notices, scheduled auctions,…

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10 Cities Where Wages Stretch the Farthest

10 Cities Where Wages Stretch the Farthest The cost of living can have a big impact on how your income actually stretches. Therefore, adjusting wages for living costs can provide a better glimpse at how much people actually make, suggests a study by Jose Lobo of Arizona State University. Lobo crunched data from the U.S.…

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Report: Middle-Aged Americans Are the Real Problem

Report: Middle-Aged Americans Are the Real Problem It’s not news that Millennials are delaying home ownership — but they aren’t the group lagging behind the most in the real estate market. Young people still express strong desire to be home owners, despite facing “significant” headwinds and demographic changes that are causing them to delay owning,…

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Open Houses Are Strikingly Underutilized

Open Houses Are Strikingly Underutilized Open houses can generate a lot of buyer traffic for a listing, but they are held for only a small fraction of listings. According to a HomeFinder.com study, open houses were held to reach potential buyers for only 6.3 percent of listings nationwide. Here are some additional insights from the…

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Wells Fargo Tops Profit Expectations

Wells Fargo Tops Profit Expectations Wells Fargo & Co., the nation’s largest mortgage lender, saw a 3.8 percent increase in second quarter profits, which executives attributed to positive signs in the housing market. The bank has been targeting originations in the home-purchase market. Wells Fargo net income rose to $5.73 billion in the second quarter…

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New Campaign Stresses REALTOR® Value Online

New Campaign Stresses REALTOR® Value Online Today, the National Association of REALTORS® announced a new national advertising campaign called “Real People.” The campaign is part of a $35 million annual advertising effort that targets home buyers and sellers across television, radio, online, and via mobile channels. “Real People” aims to reinforce the REALTOR® brand online…

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