Why Didn't I Buy Google back in ......? - 11/30/10 11:52 PM
How many people, yourself included, have heard/said the oft repeated refrain "If I had only bought XYZ back in the day, I’d be rich now" or words to that effect? I don't know if I'd be rich but I do know I would have at least a 4-bagger if I had purchased Google stock back in 2004.  I have a feeling the current real estate market will be one that 10, 15, 20 years from now people will replace the word Google (or IBM, CISCO, or Berkshire Hathaway) with 'real estate' or 'my home'.  Why?  We have a unique confluence of … (3 comments)

Temptation at the Cash Register. Ho Ho Ho ... You Just Lost the Chance to Close Your Loan - 11/29/10 11:17 AM
This caution by Gene Mundt out of the Chicago area is a good one this time of year for anyone in the midst of a home purchase or re-finance.  I highly recommend not only the article but the discipline needed by borrowers this time of year.
 
Via Gene Mundt (Chicago Bancorp):
    
    
    
     You're out doing your holiday shopping. It's 11:45 pm .. and you're in that store because they have exactly what you want and have been looking for ... at an unbelievable price, but only if purchased during the hours of 10 pm to midnight.
    
    
… (0 comments)

Is Average Meaningless? - 11/19/10 09:53 AM
I had an interesting conversation earlier this week with a past purchase client about average home prices. This is a typical conversation I, and many in the real estate industry have, on a regular basis as everyone wants to know what current market conditions are and their impact on people’s property values. As a confirmed and dedicated data geek by nature (but try not to be a buzz kill at parties) my response to that question is generally along the lines of “do you want to know based on your city, zip code, neighborhood, or street? The reason being is each … (4 comments)

"Never underestimate the difficulty of changing false beliefs by facts" - 11/11/10 04:44 PM
The above quote by economist Henry Rosovsky has multiple applications today as it relates to politics, science, the economy and yes, even real estate.
This point was brought home recently during a listing appointment where I knew there was at least one other agent competing for the business. During the course of the “interview” I was presenting data that suggested a price point well below the price of one of the other “professionals.” What is interesting is we were both operating from a similar set of data, however, my “mistake” was providing additional contextual data around the information in question.
… (3 comments)

It's the taxes - Stupid! (but maybe not the way you think) - 11/03/10 03:51 PM
With due apologies to James Carville's election assessment (It' the economy-stupid) we are constantly barraged (from every political perspective known to man) with how job growth is what is needed to help lift our economy (and certainly the real estate industry) out of this prolonged recession. However, in spite of all the talk about jobs, no one has put forth an actual plan to create jobs - and certainly no discussion of the types of jobs to be created (minimum wage jobs or high value jobs). So, knowing I don’t have any answers but at least some data to work from, … (2 comments)

Station Park Progress Update - 11/02/10 06:49 PM
I met recently with representatives of CenterCal (the retail developer for the project) to get an update on the status of the project and the timeline for the completion of the retail/commercial project located in Farmington.  As has been reported previously, the construction of the large retailers' component (located on the eastern edge of the project) is underway with a Harmon's store as the anchor.  This section of the project is expected to be completed by May, 2011.  In that same time frame, the Cinemark multiplex is also expected to be open. 
In addition to the Harmons grocery, other retailers targeted … (0 comments)

 
Craig Frazer, Davis & Salt Lake County Real Estate, RE/MAX Metro Rainmaker_large

Craig Frazer, Davis & Salt Lake County Real Estate, RE/MAX Metro

Farmington, UT

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