Rocky Mountain Voice

Tag: Mortgage rates

New Study Finds Government Regulations Add Nearly $132K to the Cost of New Homes
Fox 13 News, Approved, National

New Study Finds Government Regulations Add Nearly $132K to the Cost of New Homes

By Bradford Betz | FOX 13 News Government regulations now add roughly $132,000 to the cost of a typical newly built home, according to a new study from the National Association of Home Builders (NAHB), as industry leaders warn that mounting costs are worsening the nation's housing affordability challenges. The NAHB study found that regulations imposed by federal, state and local governments account for 26.4% of the final price of a new single-family home. Applied to the average sales price of a new home in January, the regulatory burden totals approximately $131,734 per house. The estimate is based on Census Bureau data showing the average sales price of a newly built home sold in January was $499,500. The report comes as housing affordability remains ...
President Trump’s Historic Year of Achievements for Colorado
Rocky Mountain Voice, Commentary, State, Top Stories

President Trump’s Historic Year of Achievements for Colorado

By Christy Fidura | Guest Commentary, Rocky Mountain Voice When Joe Biden left office, he left a legacy of weakness, wokeness, and worry among the American people about our nation's future. In just over one year, President Trump has turned America around to ensure that the state of our Union is strong, and the future is bright. Despite inheriting an economy on the verge of collapse, President Trump stopped the bleeding and is getting America, and Colorado, back on the right path. True wages for workers increased more than $1,100 last year and Americans are reaping the rewards of tax refunds up 15% this year thanks to President Trump and Republicans passing the largest tax cut in history. The Working Class Families Tax Cut fulfilled several of President Trump's c...
Forecast Shows Home Prices Falling in Much of the South and West in 2026
CBS News, Approved, National

Forecast Shows Home Prices Falling in Much of the South and West in 2026

By Mary Cunningham | CBS News It's still a tough time to get a foothold in the housing market, with homes sitting near record values and mortgage rates parked well above 6%. But the tide could turn in 2026, with property prices forecast to dip in 22 of the largest 100 U.S. cities and mortgage rates expected to ease slightly, according to a new analysis from Realtor.com. The real estate market is expected to move in a more "buyer-friendly" direction next year, leading to the "most balanced housing market" since the pandemic, meaning that neither sellers nor buyers are likely to have the upper hand in negotiations, said Jake Krimmel, a senior economist at Realtor.com. Mortgage rates are expected to dip to an average of 6.3% next year, a slight drop from 2025's ...
Denver Home Values Slipping Faster Than Any Major U.S. City
DENVER7, Approved, Local

Denver Home Values Slipping Faster Than Any Major U.S. City

By Scripps News Group | Denver7 Zillow said the trend reflects affordability pressures, high mortgage rates and weakening demand across large swaths of the country. DENVER — Denver is leading the U.S. housing downturn, with 91% of homes losing value over the past year, according to new Zillow data. The Denver metro area posted the broadest declines of any large city, outpacing Austin (89%), Sacramento (88%), and both Phoenix and Dallas (87%). Nationwide, more than half of American homes—53%—saw their Zestimate values fall as of October 2025, a sharp rise from just 16% a year earlier. It marks the highest share of homes losing value since April 2012. Zillow said the trend reflects affordability pressures, high mortgage rates and weakening demand across large swaths of the c...
Denver housing sales tracking at slower pace as inventory hits highest since 2011
Denverite, Approved, Local

Denver housing sales tracking at slower pace as inventory hits highest since 2011

By Andrew Kenney | Denverite There were 14,000 single-family homes, condos and townhomes for sale around the Denver metro at the end of July.  That meant homebuyers had more options than at any time since 2011 — though it was only a slight increase in inventory from the month before, according to the latest report from the Denver Metro Association of Realtors. Housing inventory is piling up because homes are selling more slowly. Just a few years ago, most homes were selling in under a week. But the typical single-family home now takes 20 days to sell, and some sit around much longer.  The DMAR report covers 11 counties around Denver, including Boulder, Jefferson, Douglas, Adams and Arapahoe. The slower pace of sales also gives buyers more time and leverage to ask...
Mortgage rates kick off 2025 with an increase, nearing 7%
Approved, Fox Business, National

Mortgage rates kick off 2025 with an increase, nearing 7%

By Breck Dumas  | Fox Business Mortgage rates are up for a third straight week to the highest since July, further hindering demand in the already-stagnant housing market. "Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months," said Sam Khater, Freddie Mac’s chief economist. "Compared to this time last year, rates are elevated and the market’s affordability headwinds persist." READ THE FULL STORY AT FOX BUSINESS
Mortgage rates rise for second straight week, highest since July
Approved, Fox Business, National

Mortgage rates rise for second straight week, highest since July

By Matthew Kazin  | Fox Business Mortgage rates spiked this week to the highest level in five months, ending the year slightly higher than where they started. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 6.85%, up from last week's reading of 6.72%. The average rate on a 30-year loan was 6.61% a year ago. This week's increase marked the highest level on the 30-year loan since mid-July, when the rate was 6.89%, according to Freddie Mac data. The lowest rate this year was 6.08% at the end of September, while the highest — 7.22% — was reached at the beginning of May. READ THE FULL STORY AT FOX BUSINESS
Mortgage rates higher for third straight week, with 30-year at 6.44%, market survey finds
Approved, Fox Business, National

Mortgage rates higher for third straight week, with 30-year at 6.44%, market survey finds

By Breck Dumas  | Fox Business Mortgage rates continued their upward climb this week, further hindering demand in the housing market amid elevated rates and high home prices. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.44% from last week's reading of 6.32%. The average rate on a 30-year loan was 7.63% a year ago. "The 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%," said Sam Khater, Freddie Mac’s chief economist.  READ THE FULL STORY AT FOX BUSINESS
Mortgage rates surge higher, further hurting demand
Approved, Fox Business, National

Mortgage rates surge higher, further hurting demand

By Breck Dumas  | Fox Business Mortgage rates jumped markedly this week, sending demand down for a second straight week. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.32% from last week's reading of 6.12%. The average rate on a 30-year loan was 7.57% a year ago. "Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April," said Sam Khater, Freddie Mac’s chief economist.  READ THE FULL STORY AT FOX BUSINESS

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