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sellers: 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)

sellers: Farmington Utah Market Snapshot - Third Quarter - 11/10/08 03:30 PM
Who would’ve thought since my last market update we would have seen the complete meltdown of the American economic system?  OK, perhaps a slight overstatement but when Alan Greenspan uses the term “credit tsunami” it certainly perks people’s interest.  Overall, as you’ve read, heard and seen, the housing market throughout the United States has hit some rough water.  Not only are inventory levels up but the credit markets have tightened to the point of choking off a good deal of the buyer demand.  The good news is the Utah market, to date, is handling the crisis a bit better than many … (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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