Builders are finally making a dent in the state’s housing shortfall, especially for apartments. But home prices and mortgage rates continue to outpace income gains, and affordability is worsening rather than improving. “The story with interest rates is that they are only exacerbating the problem,” said Steven Byers, chief economist with the Common Sense Institute in Denver. “The fact is that wages aren’t keeping up with these huge jumps in home prices.” · For the first time since July 2022, home prices in all major U.S. metros, inc ...
M.D.C. Holdings, a 51-year-old Denver-based homebuilder with nearly a quarter of a million houses to its credit and a footprint that expands across the U.S., has agreed to a nearly $5 billion buyout offer from a Japanese firm. The homebuilder, founded by Larry Mizel in 1972 and parent of Richmond American Homes, announced the deal with Japanese homebuilder Sekisui House Ltd. on Thursday. M.D.C is one of the country’s largest homebuilders and a major employer in Colorado with thousands of employees. For decades, Mizel has been a major force in ...
Restaurants, Edit, Range ; Meal, Inexpensive Restaurant, 20.00 $, 14.00 - 30.00 ; Meal for 2 People, Mid-range Restaurant, Three-course, 80.00 $, 50.00 - 120.00 ; McMeal at McDonalds (or Equivalent Combo Meal), 12.00 $, 10.00 - 14.00 ; Domestic Beer (0.5 liter draught), 7.00 $, 5.00 - 10.00 ; Imported Beer (0.33 liter bottle), 8.00 $, 6.95 - 12.00 ; Cappuccino (regular), 5.61 $, 4.00 - 8.00 ; Coke/Pepsi (0.33 liter bottle), 2.88 $, 2.50 - 4.50 ; Water (0.33 liter bottle), 2.40 $, 2.00 - 3.50 ; Markets, Edit, ; Milk (regular), (1 liter), 1.03 $, 0.79 - 1.58 ; Loaf of Fresh White Bread (500g), 3.94 $, 2.19 - 5.51 ; Rice (white), (1kg), 6.04 $, 3.31 - 11.00 ; Eggs (regular) (12), 4.34 $, 2.25 - 6.00 ; Local Cheese (1kg), 14.16 $, 6.61 - 33.07 ; Chicken Fillets (1kg), 12.97 $, 6.57 - 19.82 ; Beef Round (1kg) (or Equivalent Back Leg Red Meat), 17.01 $, 9.92 - 33.07 ; Apples (1kg), 5.75 $, 3.31 - 8.82 ; Banana (1kg), 1.79 $, 1.30 - 4.41 ; Oranges (1kg), 5.66 $, 2.20 - 11.02 ; Tomato (1kg), 5.66 $, 1.74 - 11.00 ; Potato (1kg), 3.03 $, 1.32 - 4.41 ; Onion (1kg), 2.76 $, 1.98 - 4.39 ; Lettuce (1 head), 2.02 $, 1.50 - 2.50 ; Water (1.5 liter bottle), 2.16 $, 1.00 - 3.50 ; Bottle of Wine (Mid-Range), 16.00 $, 10.00 - 25.00 ; Domestic Beer (0.5 liter bottle), 2.30 $, 1.71 - 3.57 ; Imported Beer (0.33 liter bottle), 3.39 $, 1.50 - 5.00 ; Cigarettes 20 Pack (Marlboro), 10.00 $, 9.00 - 12.00 ; Transportation, Edit, ; One-way Ticket (Local Transport), 3.00 $, 2.75 - 5.00 ; Monthly Pass (Regular Price), 88.00 $, 88.00 - 150.00 ; Taxi Start (Normal Tariff), 3.50 $, 3.50 - 5.00 ; Taxi 1km (Normal Tariff), 1.74 $, 1.55 - 1.74 ; Taxi 1hour Waiting (Normal Tariff), 24.00 $, 24.00 - 30.00 ; Gasoline (1 liter), 0.89 $, 0.76 - 1.00 ; Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), 36,029.12 $, 31,275.00 - 40,000.00 ; Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), 28,216.73 $, 26,366.87 - 30,000.00 ; Utilities (Monthly), Edit, ; Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 198.49 $, 130.00 - 360.00 ; Mobile Phone Monthly Plan with Calls and 10GB+ Data, 66.00 $, 35.00 - 100.00 ; Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), 67.02 $, 45.00 - 120.00 ; Sports And Leisure, Edit, ; Fitness Club, Monthly Fee for 1 Adult, 60.19 $, 20.00 - 100.00 ; Tennis Court Rent (1 Hour on Weekend), 41.67 $, 15.00 - 40.00 ; Cinema, International Release, 1 Seat, 15.00 $, 12.00 - 17.50 ; Childcare, Edit, ; Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, 1,445.06 $, 1,080.83 - 2,000.00 ; International Primary School, Yearly for 1 Child, 16,168.00 $, 15,710.00 - 24,000.00 ; Clothing And Shoes, Edit, ; 1 Pair of Jeans (Levis 501 Or Similar), 59.11 $, 30.00 - 90.00 ; 1 Summer Dress in a Chain Store (Zara, H&M, ...), 48.89 $, 39.00 - 80.00 ; 1 Pair of Nike Running Shoes (Mid-Range), 93.36 $, 60.00 - 139.00 ; 1 Pair of Men Leather Business Shoes, 112.25 $, 75.00 - 150.00 ; Rent Per Month, Edit, ; Apartment (1 bedroom) in City Centre, 2,088.15 $, 1,580.00 - 2,500.00 ; Apartment (1 bedroom) Outside of Centre, 1,670.27 $, 1,250.00 - 2,000.00 ; Apartment (3 bedrooms) in City Centre, 3,745.00 $, 3,000.00 - 4,748.00 ; Apartment (3 bedrooms) Outside of Centre, 3,039.95 $, 2,500.00 - 3,500.00 ; Buy Apartment Price, Edit, ; Price per Square Meter to Buy Apartment in City Centre, 4,327.79 $, 2,690.98 - 7,534.74 ; Price per Square Meter to Buy Apartment Outside of Centre, 3,565.44 $, 3,013.89 - 5,898.62 ; Salaries And Financing, Edit, ; Average Monthly Net Salary (After Tax), 4,811.15 $, ; Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate, 6.57, 6.00 - 7.36
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COLORADO SPRINGS, Colo.—The Colorado attorney general’s office is suing a Colorado Springs mortgage company, its top loan originator and a managing general partner. In a civil lawsuit filed this month in Fremont County District Court, prosecutors accuse April Bigler of Pueblo West of 15 violations of consumer protection laws. She is accused of misrepresenting the terms of loans she made, many of which ended up in foreclosure. Managing general partner James W. Dale III of Pueblo West is accus...
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The sudden disappearance from duty of the woman charged with enforcing Colorado’s real estate regulations marks the latest development in long-standing tensions between her office and a mortgage-broker-turned-state senator. Employees of the Division of Real Estate learned Tuesday afternoon that executive director Erin Toll was on leave but received no other details. Toll and her division have been warring with Sen. Ted Harvey, R-Highlands Ranch, for weeks in a series of increasingly heated con...