Real estate blog entries tagged with inventory by Benjamin Clark - Exclusive BUYER'S AGENT - Certified Negotiation Expert

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inventory: 2012 Salt Lake Housing Forecast Report - 01/18/12 03:34 PM

I attended the 2012 Salt Lake Housing Forecast Meeting this morning. The two presenters this year were Eric Belsky, Managing Director of the Joint Center for Housing Studies at Harvard University and James Wood, director of the University of Utah’s Bureau of Economic and Business Research. While Mr. Wood's remarks … (0 comments)

inventory: Home Prices Down 6% in Salt Lake County - 02/08/11 04:12 PM

As an Exclusive Buyer's Agent I'm constantly exposed to the inventory on the market in the Salt Lake area.
There are still a ton of overpriced listings on the market, but that's improving.
1. Inventory is actually falling. My gut feeling is that the majority of homes coming off the market … (0 comments)

inventory: Glut of Overpriced Homes Hurts Everyone - 06/29/09 01:39 AM

People who don't really need to sell their home should not put them on the market at ridiculously high prices.
Prices don't go up 20% just because Sellers LIST their homes at 120% or more of market value. In order for prices to stabilize and/or improve, inventory levels need to … (2 comments)

inventory: Why fewer housing starts in Salt Lake is a good thing. - 08/19/08 09:44 PM

I know you know this, and I know this, but the media doesn't seem to get this...
Fewer housing starts are a good thing!
(Well, at least for now.)
Remember how builders overbuilt and there was a glut of inventory on the marketplace?
Remember how builders were offering the craziest incentives … (1 comments)

inventory: Salt Lake Real Estate Update: Number of Sales Down - Prices Slightly Up - 05/03/08 02:07 AM

First Quarter 2008 showed only small improvement in home prices and the number of SOLD homes was also down.
Fourth Quarters and First Quarters are historically low, while Second Quarters and Third Quarters are historically higher with regards to the number of SOLD homes reported.
There has been increased activity over … (1 comments)

inventory: Salt Lake Real Estate over the past year (April 2007-April 2008) - 04/16/08 12:08 PM

A year ago Salt Lake was seeing appreciation rates in the 15-20% range. Today, appreciation is somewhere between 0 and +3% (My best guess - Official Data won't be out until the 20th).
There was a 6 month stretch with fewer home sales, making it harder to find comparable sales for … (0 comments)

inventory: More Home Inventory Slows Rental "Appreciation" - 01/13/08 01:23 AM

As home inventory grows, typically rental rates don't rise as much. This is because people can just as easily buy than rent.
A recent article at Forbes.com suggests that even though Salt Lake's inventory of available homes for sale is growing, rental rates are still rising because job growth is the highest in the nation … (0 comments)

inventory: What Factors are Affecting Salt Lake's Market? - 10/09/07 04:43 PM

There is surely a lot of inventory available. Buyers have more choices. They are not forced to deal with unreasonable Sellers. In most cases they can find another suitable home where the Seller is more reasonable.
Let's compare 3rd Quarter Numbers. (See Salt Lake County 3rd Quarter Statistics)
Last year, there were 8458 … (2 comments)

inventory: Salt Lake - 2/3 of New Listings OVERPRICED - Still a good time to Buy - Here's How - 10/09/07 04:31 PM

BUYER BEWARE: There is a lot of inventory and about 2/3 of it is overpriced. (See third quarter market statistics) These are new listings that do not sell during their listing period.
It is not good enough to get a free plasma screen TV or backyard landscaping or granite countertops "thrown into" the … (2 comments)

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