Utah Housing Market
With the recent economic downturn there’s been a lot of fear and concern regarding the housing market. Well, I’m here to tell you real estate in Logan Utah is weathering the storm quite nicely. Like many markets in Utah, home sales have declined in Logan, but considerably less than most other Utah markets. With a [...]
Continue reading about The Logan Utah Real Estate Market Is Great For Buyers
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
While it may seem like a far-fetched idea (especially if you are trying to sell your home at the moment), an increasing number of economists are predicting a housing shortage in 2011/2012. How you might ask, can we have a shortage of homes given the current sluggish housing market? Well it’s all got to do [...]
March was a little bit of a mixed bag when it comes to Salt Lake County home sales. On the bright side the month on month days on market (average time taken to sell a home) decreased from 87 to 80, number of homes sold increased 30.09% year on year and over 51% month on [...]
Continue reading about March 2010 Salt Lake County Home Prices
Compared to the national average, Utah has fewer homes in negative equity — where someone’s mortgage is more than the current value of their home. At the end of the third quarter 2009 approximately 18% of residential Utah homes were underwater, while the national average was 23%. One of the worst hit areas was in [...]
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 [...]
There is now a new Utah State incentive of $6000 dollars for home buyers, but it comes with limitations and in my opinion a major drawback. Unlike other incentives introduced at the federal level, the State incentive is limited to new construction homes. Now this is great if you are looking to buy a new [...]
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
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 [...]
While places like California and Florida saw their home prices decline over the last year, Utah was a different story. Home prices for the fourth quarter 2007 went up 9.27% compared to the same quarter in 2006, which was the largest increase in all 50 states. What’s more, that was the fifth consecutive quarter Utah [...]
Continue reading about Utah Leads Nation In House Price Appreciation
