General
Impending changes by the FHA (Federal Housing Authority) and HUD (Housing and Urban Development) could cost you thousands extra if you wait rather than taking the plunge and buy now. These changes which are due to take effect between the March 31st expiration of the Federal Reserve Board’s mortgage backed securities purchase program (this is [...]
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The Ivory Homes active adult community located at Daybreak’s Garden Park is set to expand its range of homes to include estate homes, condos and town homes. Currently there are two types of home on offer, Garden Homes and Patio Homes. Both of these home types offer single floor living, with Garden Homes having a [...]
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The homebuyer’s tax credit that was due to expire at the end of November has been extended to April 30th 2010. In addition to this a new tax credit has been introduced for current homeowners who want to sell their home and buy another. The amount of tax credit for new homeowners remains the same [...]
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If you live on the west side of the Salt Lake Valley you will be interested to hear that the Mountain View Corridor has been given the go ahead. For the first phase they have been allocated $500 million, which they will use to construct a two lane highway (two lanes either way), with a [...]
In a recent study by the Utah Association of Realtors, when people were asked what are the top three challenges in the Utah Housing Market, the number one response was ‘lack of housing affordability’. Second was the ‘current state of the economy’ and third was ‘difficulty in getting a loan’. The question is, is this [...]
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If you live in South Jordan, you may well have seen the sign promoting the opening of a new Costco store on the corner of 104th south and Bangerter Highway. Originally, the store was supposed to open sometime in 2007, but so far, there has been little sign of any building work. So fed up [...]
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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 [...]
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 [...]
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Home prices for the first quarter 2008 are out, Salt Lake Home Prices. For the first time in a long time, more zip codes went down in value than increased in value. The average home price for Salt Lake County is now $287,119, which is a 0.33% increase from last years average home price of [...]
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I have been updating our listings to incorporate the new Google Street View functionality. You can see an example here: Draper Rambler. It’s pretty easy to do, and it provides some useful features, particularly for out-of-state buyers who are not familiar with an area.
