durango real estate: Foreclosures in the Durango real estate market as well as news about other locations. - 11/18/11 06:53 AM
The Durango real estate market has seen more and more foreclosures. The promise of a couple different banking and mortgage programs stated that the short term process of foreclosures would be held up. The BPO activity as well as the continued Durango property foreclosure listings has remained steady. The surrounding areas in Pagosa Springs and Cortez are still showing higher numbers than the local Durango homes. On a general note the foreclosure properties across the nation have seen a rise over the last several months. The article below shows the highest numbers of foreclosure in seven months.
http://www.youtube.com/watch?v=KHS0jpjwq_k
 
Foreclosures … (0 comments)

durango real estate: Renting is the NEW Owning? - 11/17/11 04:19 AM
The Durango Real Estate market has always been or had a strong "rentership" presence. The higher housing cost with lower employment pay has kept a strong rental market. The cost of a single family property compared to the rent allowance has always made it difficult to afford to purchase a property for investment rental. The foreclosures popping up in the present market can provide some opportunity to purchase at a price that seems better for a rental property. Looking at the CAP rate of a rental property in the Durango real estate market compared to areas in the midwest perhaps shows … (0 comments)

 
Aaron Miller (Junction Creek Real Estate)

Aaron Miller

Durango, CO

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Junction Creek Real Estate

Address: 640 Main Avenue, Durango, CO, 81301

Office: (970) 247-1777

Mobile: (970) 759-4454

Durango Real Estate Blog. Market information on real estate in general as well as the Durango real estate market.


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