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market bottom: Are we there yet? - 05/07/09 01:58 PM
There is a lot of discussion amongst the real estate community, the banking community, consumers, and the media as to whether or not the real estate market has or will soon hit the bottom. If you think this particular blog post will answer that question, you will be sorely disappointed. However, I hope to potentially shed some light on what is really a very difficult and fluid concept
To that end, I've tried to identify what a non-bubble market would look like in terms of average price points. In our local market, data indicates that our bubble began to manifest itself … (0 comments)
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market bottom: Short Sale Impact – Has It Been Felt Yet? - 03/20/09 04:19 PM
As I was doing some research for a potential listing client, I identified some interesting trends in the data I was compiling causing me to rethink the conventional wisdom related to short sale and REO (bank foreclosure) activity. Conventional thinking suggests the declining home prices are a result of increased short sale and bank foreclosure activity. However, at least in our local market here along the Wasatch Front, I am not sure we have seen the full impact of these distressed properties on the market.
Reviewing the data for both Davis and Salt Lake counties, I noticed that, as it relates … (0 comments)
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market bottom: Is there a cost to waiting for the so-called “bottom?” - 01/28/09 02:18 PM
As I’ve worked with buyers over the last six months of the current economic “crisis,” I am regularly asked if the market has reached “bottom?” My response is generally in the form of an observation, that you don't know the bottom of any market (whether it be the real estate market, the stock market, or a commodities market) until prices begin to trend upward. Then you can look back with confidence and say “Oh, that was the bottom.”
Now of course there are, depending on who you talk to, some potential leading indicators as to where market begins to shift. In … (0 comments)
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Craig Frazer, Davis & Salt Lake County Real Estate, RE/MAX Metro
Farmington,
UT
More about me…
Address: 110 N. Main Street, Bountiful, UT, 84010
Office Phone: (801) 699-6046
Cell Phone: (801) 699-6046
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