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Colorado real estate trends: Lower interest rates not enough to motivate buyers

Published Fri, 21 Feb 2025 18:09:09 GMT

A slight drop in interest rates didn’t give home buyers enough incentive to overcome the traditional seasonal slowdown in November.November’s sales volume was down 14% from last year in the Denver metro and 19 percent from October, according to the monthly report from the Denver Metro Association of Realtors.The report also showed homes are spending more days on the market, and sellers continue to agree to price concessions as the close-price-to-list-price ratio dropped to 98.6%.At the end of November, the number of active listings hit 6,684, down 11% from October’s 7,482 properties. Average active listings for November are 13,657.The median days on the market climbed to 22 from 16 in October, and the median close price sat at $565,250, down from $581,000 in October.“The opportunity for buyers continues as we look at the close-price-to-list-price ratio,” said Libby Levinson-Katz in prepared comments with the monthly report.“What we know in the ind...

Will new federal payout formula for Tri-State send members to the exits?

Published Fri, 21 Feb 2025 18:09:09 GMT

A federal agency has issued an order in the ongoing faceoffs between the Tri-State Generation and Transmission Association and its members in Colorado and three other states, clearing the way for a potential reshaping of a significant chunk of the region’s energy landscape.The Federal Energy Regulatory Commission adopted a formula for showing electric cooperatives what it would cost them to end their contracts with the wholesale power provider. The parties are poring over this week’s 247-page order and crunching numbers.Tri-State has until Jan. 19 to submit the amounts for all 42 member cooperatives, 17 of which are in Colorado.United Power, Tri-State’s largest member, didn’t wait to hear its exit fee before deciding to leave. The Brighton-based cooperative gave notice two years ago that it would terminate its contract May 1, 2024. The utility has signed an agreement to buy electricity from Guzman Energy, a wholesale supplier that has contracts with other for...

Broncos scouting report: How Denver matches up against Patriots and predictions

Published Fri, 21 Feb 2025 18:09:09 GMT

Patriots (3-11) at Broncos (7-7)When: 6:15 p.m. MT, SundayWhere: Empower Field at Mile HighRadio/TV: 850 AM, 94.1 FM/KMGH-7, NFL NetworkBroncos-Patriots series: The Broncos are 27-22 in 49 regular-season games dating back to 1960; Denver won 18-12 in the last meeting, on Oct. 18, 2020, in New England, but has lost two of the last three matchups to the Patriots.In the spotlightRookie Riley Moss took advantage of the moment.As a gunner for Denver’s punting unit against the Lions, Moss didn’t allow Kalif Raymond to gain a single yard, as the Broncos rookie cornerback bolted down the field before he wrapped up Detroit’s returner by the ankles for a tackle in the first quarter.For Moss, it’s been a grind to get playing time. The Iowa product missed all of training camp with a core muscle injury. He was inactive for the first two games of the season, and when Moss has played, he’s been limited to special teams work (204 snaps) and minimal appearances on defense (13 snaps).But he has impre...

An advocate for Latino students, this teen is being honored as an emerging leader in Colorado

Published Fri, 21 Feb 2025 18:09:09 GMT

When Osvaldo Garcia Barron started high school, he was often the only student of color in his advanced classes. He struggled to speak up and wondered if he had anything to contribute.The start of the pandemic interrupted his freshman year of high school.But instead of coming out of it feeling isolated, Garcia Barron came back to school determined. He followed his older sister Paola’s lead in participating in some leadership programs and continued taking advanced classes.Related ArticlesEducation | Colorado universities grapple with retention of faculty of color amid staff departures, allegations of racism Education | Lucille Ruibal Rivera, health care leader and Chicana artist, was victim in Northglenn murder-suicide When he still struggled to feel a sense of belonging, he realized he probably wasn’t the only one.Read more at Chalkbeat Colorado.Chalkbeat is a nonprofit news site covering educational change in public schools.Get more Colorado news by s...

Charlie Sheen attacked at Malibu home by neighbor: LASD

Published Fri, 21 Feb 2025 18:09:09 GMT

The Los Angeles County Sheriff's Department arrested a woman accused of attacking actor Charlie Sheen at his Malibu home on Wednesday afternoon.Deputies with the Malibu/Lost Hills Station responded to a battery call at around 1:00 p.m. on Cavalleri Road, the Los Angeles County Sheriff's Department confirmed.Investigators contacted the parties involved and identified Sheen as the victim of the assault. The Sheriff's Department also identified the suspect as a woman named Electra Schrock. Thieves steal thousands of dollars worth of music equipment from L.A. band According to TMZ, the suspect forced her way into Sheen's home. When Sheen opened the door, she attacked him by attempting to strangle him and ripped his shirt. Schrock then retreated to her own home.Sources told the outlet that paramedics arrived at the scene but the "Two and a Half Men" star was not taken to the hospital.The suspect was arrested for assault with a deadly weapon, force likely to create great bodily injury a...

Man suspected of raping woman behind Orange County business arrested

Published Fri, 21 Feb 2025 18:09:09 GMT

A sexual assault suspect is behind bars more than a year after he allegedly kidnapped and raped a woman in Santa Ana, police said Thursday.On July 5, 2022, the victim was walking home in the 300 block of South Harbor Boulevard around 9 p.m. when the suspect approached and began speaking to her, the Santa Ana Police Department posted on its Instagram page.The 23-year-old victim told police the suspect, later identified as 57-year-old Ignacio Segura Lemus of Santa Ana, asked her to hang out but she refused and tried to walk away. "The suspect then followed the victim, knocked her down, dragged her behind a business, where he sexually assaulted her," The Police Department stated.The victim called police after the suspect fled the scene and detectives began their investigation. On Thursday, Lemus was arrested and booked on several sexual assault-related charges, the Police Department said. Bail for Lemus was set at $1 million.Investigators believe Lemus may have been involved in additio...

Will mail be delivered on Christmas or New Year's Day?

Published Fri, 21 Feb 2025 18:09:09 GMT

Americans shouldn’t expect mail to be delivered on Christmas or New Year’s Day.The United States Postal Service announced that facilities will be closed in observance of the federal holidays. No mail will be delivered to residential areas or businesses.Normal delivery and collection schedules will resume on Dec. 26 and Jan. 2, 2024, respectively. These restaurants will be open on Christmas Day in Southern California Local post offices will also be closed on Dec. 24. Regular mail won't be delivered and mail dropped off at blue collection boxes won't be picked up. Priority Mail Express mail will be delivered, according to the agency's website. UPS locations will also be closed and delivery service will be unavailable except for Express Critical. FedEx offices and services are also closed, except for FedEx Custom Critical.Amazon delivery services will also be suspended on Christmas and New Year’s Day.Customers needing USPS services can visit the agency’s website to access “most posta...

Hospital needs help identifying man found in Hollywood

Published Fri, 21 Feb 2025 18:09:09 GMT

Officials are asking the public for help in identifying a man who was brought to a Glendale hospital after being found near a Home Depot in Hollywood earlier this month. The unidentified patient, believed to be between 45 and 49 years old, was found on a street outside the Home Depot located at 1440 N. St. Andrews Pl. on Dec. 6, Dignity Health posted in a news release. An EMS team picked him up and transported him to a hospital in Glendale. The news release did not name the hospital. The man had no documentation or evidence that could help identify him, so officials are hoping the public can help. He is around 5 feet 8 inches tall, weighs between 125 and 135 pounds, and has black eyes, black hair and a beard with a mustache. Vin Diesel accused of sexual battery by former assistant in lawsuit The patient also has a tattoo on his upper left chest that says "Isabel Meza" with prayer hands under the name.Anyone who may know this individual was asked to call 818-502-4739.

School of Shanahan: 49ers Bosa, Warner laud offensive coach’s lessons for defense

Published Fri, 21 Feb 2025 18:09:09 GMT

SANTA CLARA – Tapping into coach Kyle Shanahan’s mind isn’t just beneficial for the 49ers’ offense. Their defense was rapt with attention Thursday when Shanahan explained the exploits of Lamar Jackson, the featured guest when the Baltimore Ravens arrive at Levi’s Stadium on Monday night.“I definitely pay attention when he’s talking,” Nick Bosa said. “You get all the perspectives from the defensive-side people, but hearing what they might be planning (from an offensive angle) against you is good, and there’s so many coaches in this league know stemming from what he does.”Shanahan, before their first practice each week, addresses the 49ers with a “What It Takes To Win” segment.“He does a great job of illustrating exactly what their offense does, exactly who Lamar Jackson is,” linebacker Fred Warner said. “Through the tape, he puts together different plays, and he showed us exactly who he was and how amazing he is, the run ability, the throws, and then letting us know what will b...

Fed inflation gauge tumbles as prices continue to drop

Published Fri, 21 Feb 2025 18:09:09 GMT

By Paul Wiseman | Associated PressWASHINGTON — The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from reduced interest rates and get relief from painful price shocks in 2024.Friday’s report from the Commerce Department showed that U.S. consumer prices slid 0.1% last month from October and rose 2.6% from November 2022. The month-over-month drop was the largest since April 2020 when the economy was reeling from the COVID-19 pandemic.Excluding volatile food and energy prices, so-called core inflation last month rose 0.1% from October and 3.2% from a year earlier.The numbers show somewhat more progress against inflation than economists had expected. Inflation is steadily moving down to the Fed’s year-over-year target of 2% and appears to be clearing the way for Fed rate cuts in 2024. That, in turn, could translate into lower rates on everything from mortgages to credit cards.Rates ...