Real Estate Market
There was some encouraging Salt Lake County home sales data for July 2011, with the number of homes sold rising over 34% year on year, increasing from 744 to 1,002. While the number of Salt Lake UT Homes sold was up, home prices over the last year were down 14% with the average sales price [...]
Continue reading about Salt Lake County Home Sales Up Sharply in July 2011
I have been asking myself this question for some time now and still cannot think of any reason, why banks can not let people who are underwater with their mortgage refinance their loan. I don’t mean the people who cannot pay or are not paying their mortgage, I am talking about people who pay their [...]
Continue reading about Why Not Let People Who Are Underwater With Their Mortgage Refinance
While the number of homes sold increased 10.99% from Jan to Feb, home prices continue to struggle in the Salt Lake County housing market. The average sales price dropped from $243,717 to $214,125 over the last 12 months, and the average price per square foot dropped below $90 for the first time since April 2005. [...]
Continue reading about February 2011 Salt Lake County Housing Market Stats
November 2010 saw a total of 727 homes sold in Salt Lake County. This was a slight increase of 0.41% over the previous month but a large drop of 35.09% compared to the previous year. On the bright side the average sales price saw a modest increase of 4.18% to $242,628 compared to November 2009. [...]
Continue reading about November 2010 Salt Lake County Home Sales
The number of foreclosed homes being bought and sold in Utah is falling significantly, a new RealtyTrac report indicated. In Utah, foreclosed homes accounted for just over 20 percent homes sold during the third quarter, with the avarage sales prices of properties that sold while in some stage of foreclosure was 3 percent below the [...]
Continue reading about Foreclosure Rate in Utah Falls for Second Quarter
December saw the median home price rise to the highest level seen since January 2009. The new median home price of $264,398 was a 6.27% increase over Novembers price, and is further evidence that the worst of the housing market may well be behind us. The number of homes sold did decrease month on month, [...]
Continue reading about January 2009 Sees Rise in Salt Lake County’s Median Home Price
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 [...]
The real estate industry standard for determining how a market is performing is the median home price or in some places the average home price. You hear it everywhere, median home price falls in first quarter, median home price for Salt Lake City is… But is the median home price a true indicator of how [...]
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 [...]
Continue reading about Utah Home Buyers Concerned About Housing Affordability
