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bubble market: Where should real estate values be in Salt Lake County - 12/29/08 11:17 AM
Often you hear different theories in regards to where real estate values should be.  The reality is often different then what one may hear.  For years I've been under the impression that real estate is a function of supply and demand.  You have a certain number of homes, and a certain number of buyers, and that will dictate value.  There may still be some truth to this theory, especially when you look at over built Florida, California, Nevada and Arizona.  But is it really just an issue with supply and demand?
Could the real issue be income?  That's right, what you … (1 comments)

bubble market: Utah land speculators beware!! - 08/14/07 05:59 PM
Had an interesting discussion with one of my developer friends.  In my market land development has been lucrative to say the least.  Fortunes have been developed over night in Utah, and to say the market is SUPER HOT is an understatement.  Example, in Utah county where I live, you could purchase a 1/2 acre lot in 2004 in Pleasant Grove for $90k.  Now the same lot would cost you $290k!! Over 300% increase in value in 3 years!  Now the builders, real estate agents, and mortgage loan officers have been receiving allot of heat for this run-up on the market.  But … (0 comments)

 
Karlspict3

Karl Christen

Pleasant Grove, UT

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Address: Pleasant Grove, UT, 84062

Office Phone: (801) 599-9575

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