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Take advantage of current housing selection > See article (appeared in Deseret News/Salt Lake Tribune, June 28, 2008) Wasatch Front home sales see increase in May > See article (appeared in Deseret News/Salt Lake Tribune, June 21, 2008) Top economist speaks on Utah's housing market > See article (appeared in Deseret News/Salt Lake Tribune, June 14, 2008) Lease-options present opportunities for on-the-fence
buyers > See article (appeared in Deseret News/Salt Lake Tribune, June 7, 2008) Forecaster sees real estate opportunities in today's
economy > See article (appeared in Deseret News/Salt Lake Tribune, May 31, 2008) How Utah's real estate indicators stack up Home values in Michigan
have been dropping for two years because of a struggling economy
and prolonged jobs losses, but here in Utah, we have some of the
strongest job growth in the nation. A low unemployment rate and
a significant drop-off in subprime mortgage use are also positive
indicators for the state's housing market. > See article (appeared in Deseret News/Salt Lake Tribune, May 24, 2008) Experts predict improvement in real estate An editorial in the Wall Street Journal said "it's very likely April 2008 will mark the bottom of the U.S. housing market." The author, hedge fund manager Cyril Moulle-Berteaux, says we're seeing the inventory of unsold homes decline in absolute terms and peak in months-of-supply terms. Other experts also say inventories may begin to shrink and sales may pick up in the second part of the year. > See article (appeared in Deseret News/Salt Lake Tribune, May 17, 2008) FHA loans warrant closer look With down payment requirements of only 3 percent, an FHA loan may be a viable choice for buyers looking for mortgage financing in today's credit market. Along with the higher loan limits, FHA has seen a number of changes that have made the program much more user-friendly in recent days. > See article (appeared in Deseret News/Salt Lake Tribune, May 10, 2008) Vacation homes popular with buyers Buyers across the country are continuing to choose second-home ownership not only because it can provide a great getaway, but because it can also serve as a long-term investment and tax shelter. If you're in the market for a vacation home, here are some tips to take with you as you shop around. > See article (appeared in Deseret News/Salt Lake Tribune, May 3, 2008) Rising rents may be reason to reconsider homeownership Over the past year, Salt Lake renters saw the largest rent price increase among 19 Western markets surveyed by RealFacts. As rent prices rise and rental availability decreases, some renters may reconsider decisions to delay homeownership since buyers hold quite a bit of negotiating power these days. Here are some factors to look at as you make the rent vs. buy decision. > See article (appeared in Deseret News/Salt Lake Tribune, April 26, 2008) Forbes magazine says Salt Lake is third-best city
for home sellers For the second time is
just two months Salt Lake City has found itself on a Forbes magazine
top 10 list. In February, Salt Lake was the No. 1 city for bargain
house-hunters, and now Salt Lake has become the third best city
for home sellers. The magazine cites high job growth and a sharp
drop in new construction as reasons why Utah's capital city is a
good market for sellers. > See article (appeared in Deseret News/Salt Lake Tribune, April 19, 2008) Tax breaks for homeowners This year is the first time homeowners can take advantage of a new housing tax break. The deduction is for mortgage insurance, and it is particularly significant because more home buyers are using government and private mortgage insurance products in light of recent credit challenges. > See article (appeared in Deseret News/Salt Lake Tribune, April 12, 2008) February sees jump in sales numbers The results of the National
Association of Realtors' February home sales report caught many
analysts off guard - instead of a decline, sales of existing homes
actually increased 2.9 percent from January. Though the one-month
statistics do not yet show a trend, analysts say the numbers give
some confidence. > See article (appeared in Deseret News/Salt Lake Tribune, April 5, 2008) Mortgage options in today's lending environment The days of lenders bending
over backwards to provide subprime borrowers with zero-down-payment
mortgages are gone, but that doesn't mean loans for creditworthy
borrowers have dried up. In fact, with the government's recent initiatives,
there may be more lending options than you might originally think.
> See article (appeared in Deseret News/Salt Lake Tribune, March 29, 2008) Wasatch Front high-end homes saw second-best year
in 2007 Last year may have been
a slower year for real estate, but big homes still saw big sales,
says a new Realtor report. Data from the Utah Association of Realtors
shows that sales of high-end homes along the Wasatch Front saw their
second best year in 2007 - despite a credit crunch, subprime mess
and slower housing market. > See article (appeared in Deseret News/Salt Lake Tribune, March 22, 2008) Home prices: An analysis of the numbers and sources A number of closely watched housing indices report vastly different numbers about the state of home prices in the U.S. Here's an analysis of what the numbers mean from three widely watched surveys and why the Case-Shiller index doesn't necessarily reflect what's happening in Utah. > See article (appeared in Deseret News/Salt Lake Tribune, March 15, 2008) Title insurance basics Get more information on this essential part of the real estate transaction. > See article (appeared in Deseret News/Salt Lake Tribune, March 8, 2008) Utah real estate opportunities Buyers looking for a boost of confidence should look at Utah-specific statistics which point to continued housing demand in the future. > See article (appeared in Deseret News/Salt Lake Tribune, March 1, 2008) Salt Lake named best city for bargain house-hunters Forbes magazine suggests that house shoppers looking for a bargain should look at markets where "job growth is strong, foreclosures are relatively low and inventory is high" - characteristics all found in Salt Lake City. > See article (appeared in Deseret News/Salt Lake Tribune, Feb. 23, 2008) Buying with a long-term perspective Smart and serious investors look at the long term. Those investing in a home and keeping it for a typical holding period of six to 10 years will likely see their investment pay off financially. > See article (appeared in Deseret News/Salt Lake Tribune, Feb. 16, 2008) Avoid foreclosure - help is available As subprime loans continue to perform poorly, foreclosures have been on the rise. Here's what you need to know to possibly avoid losing your house. > See article (appeared in Deseret News/Salt Lake Tribune, Feb. 9, 2008) Stimulus package aims to increase mortgage availability How the government's proposed economic stimulus package would help the housing market and increase loan availability in Utah and throughout the country. > See article (appeared in Deseret News/Salt Lake Tribune, Feb. 2, 2008) Sell your home faster with staging Learn ways to make your home more appealing to buyers. > See article (appeared in Deseret News/Salt Lake Tribune, Jan. 26, 2008) Tips for first-time home buyers As mortgage rates continue to drop, you may be thinking that now is the time to buy that first home. Since purchasing real estate can be a complicated process, here are some useful tips to guide you through this important transaction. > See article (appeared in Deseret News/Salt Lake Tribune, Jan. 19, 2008) Survey reports reasons for purchasing a home The reasons for wanting to purchase a home vary from buyer to buyer, but a recent consumer survey shows that a desire to own a home of their own and to establish a household are the most common reasons homeowners cite for purchasing a home. > See article (appeared in Deseret News/Salt Lake Tribune, Jan. 12, 2008) |
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