The Salt Lake Board of Realtors has questioned a recent report by RealtyTrac, which reported the home foreclosure rate in Utah increasing 294% in July 2008 (compared to July 2007). The report ranked Utah as the 9th largest foreclosure rate in the U.S. However, it is believed that the methodology used to calculate the figures [...]
Now that the real estate market has slowed, lease to buy options are now being accepted by some sellers. If you are having problems obtaining a loan due to poor credit and the tightening of the lending guidelines, a lease option maybe the answer to your problems.
A lease to buy option allows you the buyer [...]
After several months of increased home sales, Salt Lake County suffered a drop in the number of homes sold in July 2008. There were 968 homes sold in July, down from 1113 in June. While this may seem like bad news, it must be remembered that July is traditionally a slower month, in fact the [...]
Continue reading about Salt Lake County July 2008 Home Sales
Home sales data for the second quarter 2008 is now available. The median single-family Salt Lake County home price was $249,000, which when compared to the same quarter in 2007 ($255,000) is a 2.41% drop. Condominium prices also saw a small drop in price going from $173,950 to $172,600. The prices are coming under pressure [...]
Continue reading about Wasatch Front 2nd Quarter 2008 Home Prices