Housing Market
Only one of the 32 zip codes in Salt Lake County experienced single family home price appreciation in 2009. The Holladay zip code of 84117 increased its single family home median home price 3.32%. The fact that Holladay is one Salt Lake’s more desirable areas is no accident. Areas such as this, The Avenues and [...]
Continue reading about 2009 Annual Home Prices for Salt Lake County
September home sales in Salt Lake County returned a mixed bag. While the average sales price dropped to just over $240,000, the price per square foot actually increased to $104. This implies people are buying smaller homes, in fact the average sized home dropped to 2,307 sq. ft., its lowest level since September 2008. The [...]
Continue reading about Salt Lake County September 2009 Home Sales
Just a quick note to let you know that the Utah Governor recently announced they will use $8 million in federal stimulus funds to reintroduce the Home Run Grant.
The official statement said that the state will offer $4,000 grants to the first 2,000 new home buyers.
The program comes on the heels of one started [...]
For the second month running, the number of homes sold in Salt Lake County exceeded 1000. There were a total of 1081 homes sold which was slightly down on last months figure, but is still an healthy sign of an improving real estate market. The average sales price and price per square feet was also [...]
Continue reading about July 2009 Home Prices for Salt Lake County Utah
The number of homes sold in Salt Lake County continued to climb in March 2009, with 713 homes sold, up from the 585 sold in the previous month. While these month on month increases are an encouraging sign, homes prices continue to fall, with the price per square foot falling into double digits for the [...]
Continue reading about Salt Lake County March Home Sales Up for Third Straight Month
Home prices along the Wasatch Front, while not great at least faired better than much of the U.S. In 2008, Salt Lake County home prices went down just 3.71%, with the new median home price for single-family homes now standing at $240,000. Homes at the low end of the ladder faired much better than those [...]
Continue reading about Annual Wasatch Front Home Prices for 2008
The Salt Lake high-end housing market recently received a boost, when conforming loan limit went up from $417,000 to $729,750 in Salt Lake County, Tooele County, and Summit County.
This increase means that Fannie Mae and Freddie Mac can now provide loans up to $729,750, which should result in a much-needed boost to the Utah [...]
Continue reading about New Lending Requirements for Jumbo Loans
Experts are predicting that the slow housing market will continue through the end of the year and well into next year. Fueled by the subprime problem the number of foreclosures are not expected to peak until next year which will put further pressure on the U.S. real estate market.
The market in Salt Lake is still [...]