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May 2009 - Posts

Sunday, May 31, 2009 4:23 AM

Home Sales All Over The Board In Tooele County

As this week's signal that home buyers are returning to the market, both Existing Home Sales and New Homes Sales posted improvement versus month-prior figures this April. According to the National Association of REALTORS, the number of Existing Home
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Friday, May 29, 2009 8:18 AM

Utah Home Buyers & Homes Sellers Catch A Break !

Last week I had the opportunity of attending the National Association of Realtors’ Midyear meetings in Washington, D.C., where each year Realtors and government officials talk about all things housing-related. While many of the topics are usually
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Wednesday, May 27, 2009 10:57 AM

Utah Home Values Are Better Than Most!

Each month, researchers measure home values in 20 large U.S. cities, then compile their findings in a report called the Case-Shiller Index . It's a popular measurement of housing health across the country, but it's far from perfect. As 3 examples:
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Thursday, May 21, 2009 4:58 AM

Utah Interest Rates Increase Home Buying Power !

Low interest rates increase buying power President’s Message Chris Sloan Two weeks ago, interest rates for a 30-year fixed-rate mortgage in Utah were at their lowest point on record in Freddie Mac’s weekly Primary Mortgage Market Survey, which
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Monday, May 18, 2009 10:23 AM

LOOK OUT UTAH, HOMES IN A BOX ARE COMING!

Yes !!! Utah Homes could stand a change in price, design, size, efficiency, and a host of other alterations. I don't think the following post from "bring a blog" is on the horizon however. Can you imagine one of these 2 story homes being
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Thursday, May 14, 2009 9:59 AM

MORTGAGE RATES MAKE UTAH HOMES AFFORDABLE !

Utah Home affordability improved again Wednesday after the government reported worse-than-expected results for April's Retail Sales. In Utah, Mortgage rates edged lower for the third consecutive day. The impetus for the rate rally this week may be
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Tuesday, May 12, 2009 8:16 AM

Utah Mortgage Rates- Is It About Luck ?

With Mortgage Rates, You Can't Shop For Good Luck After a series of increases starting April 30, mortgage rates in Utah finally took a dip Monday. It was a welcome surprise for Utah home buyers that went under contract over the weekend. Same for homeowners
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Monday, May 11, 2009 5:36 AM

From Utah to George Washingtons Home!!

It's a bit of a play day here today. We are spending the day at Mt. Vernon, George Washington's home. It's rainy and 60 degrees. That's probably the extent of the weather reporting you'll get from me this week. As has become my custom
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Saturday, May 09, 2009 10:00 AM

Economists See Utah Housing Recovery Taking Shape-

Presidents Message: Chris Sloan: Each week in my capacity as President of the Utah Association of Realtors I publish an Article in the Salt Lake Tribune about Utah Real Estate, the housing market in Utah, or sometimes even "tips on buying a home
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Saturday, May 09, 2009 6:00 AM

Utah Home Mortgage Rates Tied To Employment !!

Mortgage Rates Higher On April's 539,000 Jobs Lost Even though employment in Utah is among the nations highest, it makes little difference when it comes to how lenders price Home Mortgage rates. A downturn nationaly and the effects are felt in Salt
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Thursday, May 07, 2009 10:21 AM

Tooele County strikes again!

I've been talking for years about the benefits of living, working and playing in Tooele County. The rest of the world is starting to figure it out. Global household products giant Reckitt Benckiser just broke ground on a 600,000 square foot manufacturing/distribution
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Tuesday, May 05, 2009 9:22 AM

Utah Homes For Sale Under Contract May Mean Bottom!

For the second consecutive month, the number of Utah homes for sale that are under contract to sell increased -- further evidence that housing markets may have already bottomed. According to the Wasatch Front Regional Multiple Listing Service, (MLS),
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