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market reports: Where did all the buyers go? Ask FICO! - 07/27/10 06:31 PM
A number of agents and I were discussing the fact that buyer activity (as measured by under contract activity) seemed to have gone on a hiatus recently. Several theories were discussed including the front loading of activity into the first trimester of the year due to the home buyer tax credit; the increase in number of multiple family households due to job losses in the current economy;even the flood of inventory thanks to short sales and foreclosures. My contribution to the mix was the article put forth by many news outlets a few weeks ago that highlighted the fact that over … (8 comments)

market reports: Farmington Real Estate Update - June, 2010 - 07/14/10 12:37 AM
Well believe it or not, we've already reached the half way point for 2010 (seems like it was just snowing a few weeks ago -- oh, that's right, IT WAS). As I do at the end of each calendar quarter, I completed the current review of market activity in Farmington through the second quarter of this year.
Now that the first time home buyer tax credit has expired (although the June 30 deadline to close was extended recently by Congress to September 30 for properties put under contract by April 30), we can see the actual impact the tax credit … (0 comments)

market reports: Farmington Real Estate 2009 Market Update - 06/23/10 11:17 PM
You have likely heard all sorts of conflicting reports about the current state of our real estate market. It is true the local real estate market in 2009 continued its adjustment process begun in early 2008. Rather than trying to address the various media reports you may have heard, I prefer to just look at the data and see what the data reveals about local real estate activity in Farmington over the past year. Click on the thumbnail to see a copy of the full report for calendar year 2009.
One thing that stands out is the clear impact the federal … (1 comments)

market reports: Layton Market Snapshot - 05/04/09 06:15 PM
Here is the updated Layton market snapshot report for the most recent quarter. We are starting to distance ourselves from the frozen credit markets we experienced in the fourth quarter of 2008 and after the first of the year. However, the local real estate market is still a bit sluggish.
We are now starting to report more significant price point impacts as sellers are forced to adjust their pricing in order to obtain offers. As I mentioned in my fourth quarter report, the impact of elevated inventory levels and the increase in distressed properties (e.g. short sales, foreclosures) is being felt … (0 comments)

market reports: Farmington Utah Market Snapshot - First Quarter - 04/29/09 02:58 PM
Well we finished a rather interesting first quarter (how’s that for a euphemism?). My current Farmington market snapshot report for the most recent quarter is included for your review. We are starting to distance ourselves from the frozen credit markets and corresponding near screeching halt in the realty market experienced in the fourth quarter of 2008 and after the first of the year. However, the local real estate market is still a bit sluggish.

As I mentioned in my fourth quarter report, the impact of elevated inventory levels and the increase in distressed properties (e.g. short sales, foreclosures) is being … (0 comments)

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

Farmington, UT

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Address: 110 N. Main Street, Bountiful, UT, 84010

Office Phone: (801) 699-6046

Cell Phone: (801) 699-6046

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