Articles Tagged With: Real Estate
The SLO Life gets a little faster as the Amgen Tour of California wheels through Downtown San Luis Obispo in February.
For the third year in a row, the city of San Luis Obispo will serve as the finishing city for the fourth stage of the Amgen Tour of California. The Tour rolls through downtown on Thursday, February 21, just in time for the weekly Farmers’ Market. As thousands of cycling fans crowd the streets waiting to catch a glimpse of their favorite riders, the city does its best to offer a little something for everyone to do and see after the race.
Real estate analysts across the nation have been pouring over July's housing stats this week and not liking what they see. 'Real trouble' reads a headline from the Idaho Statesman this morning in an article noting a dramatic downturn in new building permits and drops in new home sales in the state's hottest cities ranging from 8 to 21 percent. Similar news out of Denver, where the Post reports that 1 in 5 new home buying contracts were cancelled in the second quarter because buyers were unable to sell their current homes.
As new home sales have slumped over 20% nationally this year, the price of homes has remained stable, even increasing a fraction. An intriguing feature by the NY Times this morning suggests an explanation. According to the piece, developers and real estate agents have turned to various creative incentive programs, some offering cash rebates, which keep the official sale price (and agent fees) high, but fail to represent the true sale price of homes. The Times article suggest that a slump in home prices (as much as 3%) may be hiding behind these practices.
Also in Grok: Colorado joins bid to fight global warming, Silverton ski area adds more expert terrain, the mayor of Salt Lake City goes out on a lawn for water conservation, and high oil prices give alternative energy a swift kick in the pants.
