| |
home: Paying for the Homebuyer Tax Credits - The Cost Runs Deep - 12/31/10 03:11 PM
In November of 2009, I wrote a blog post entitled Was the Tax Credit Extension a Good Idea? Here is an excerpt: In my opinion, tax credits have become subsidies distorting the real estate market. I believe that any further extension or expansion of this program, with the exception of those benefits due our military, will be counterproductive. I say it's time to help homeowners. Figure out how to give them $8,000 so that they don't have to sell as a short sale. There are a lot of well loved homes in excellent condition that would make ideal homes for new … (4 comments)
|
home: Is It Finally Time to Buy ( or Sell ) a Home in Northern Utah? - 12/27/10 10:12 AM
Although it will be quiet through the week leading in to the new year, January 3rd, the first business Monday in 2011, will bring renewed activity to our real estate market. All indicators point to a January 2011 that will bring with it stabilization of home values and the quantitative beginnings of recovery in our local housing market.
With both home prices and interest rates at historic lows, it is a perfect time to buy.
With prices and rates bringing more buyers in to the market, it is a perfect time to sell.
Good News Report - Utah's Unemployment Rate Remains … (7 comments)
|
home: CNBC's How's Housing? Report - 12/22/10 07:55 PM
The news contained in this report is simply that 2011 will continue to be a strong buyer's market. Sellers who have been holding off listing their homes for sale, anticipating real estate values to recover, are going to have to wait at least 12 - 18 more months to see any improvement. It is NOT going to happen this spring. This is not necessarily bad news. If a seller is also looking to buy a home, then they should be able to take advantage of home prices comparable to those in 1997. Interest rates are still at or below 5%. Two … (2 comments)
|
home: Key Bank Introduces New 100% Loan Product - 12/14/10 01:51 PM
I'm looking forward to a luncheon at Key Bank on Thursday, December 16th, as they introduce their new 100% financing loan product. .25% rate add, no mortgage insurance, 620 FICO score with no lates in past 12 months, income cap at $51,000. No first time homebuyer restrictions. Hope this provides some of my clients with an option for financing that they wouldn't otherwise have. This is a conventional program that seems to offer a borrower more flexible guidelines to meet than Utah Housing, or even the standard FHA loan. Debt ratio not to exceed 42%. There is a minimum borrower's investment … (7 comments)
|
home: Renovation Funds for Home Buyers and Sellers - 11/22/10 11:18 PM
I'm excited to announce that I've just completed the real estate industry’s most comprehensive training in the use of the U.S. Government’s FHA 203k Home Purchase and Renovation Loan program. With this designation, I become a member of REbuildUSA, a nationwide organization of real estate, lending and home improvement professionals, working in partnership with Lowe’s, is dedicated to helping more Americans achieve the dream of home ownership, improving our communities and contributing to the health of our economy. The FHA 203k Renovation Loan offers tremendous opportunities for many Americans to enjoy great prices on homes today, yet there is very little … (5 comments)
|
home: Another Accolade for Ogden - 11/17/10 07:29 PM
#11 Forbes Best Places for Business and Career Relocating to Ogden? Click Here to Search for Homes Nearby. … (4 comments)
|
home: Lowe’s & RE-Build USA Working Together to Facilitate FHA’s 203k Rehab Loan Program - 11/17/10 05:02 PM
Lowe's Home Improvement Streamlining the Streamline (and Standard) 203k Program. Teamwork between the lender (approved by FHA), real estate agent (your 203k Specialist) and Lowe's (as the construction consultant and supplier) creates success for both the seller and buyer of a home that needs TLC. Repairs that the seller can't afford to make and the buyer can't afford NOT to invest in can finally be achieved. Contact me to find out if a 203k loan is right for you!
Kim Novak, RE/MAX Masters
kimnovak@remax.net
(801) 726-1443
… (6 comments)
|
home: Don't Be Afraid of 203Ks - 11/17/10 04:57 PM
Yes, they're "harder" than the average mortgage, but the benefits are well worth it! Remodel a house to make it your home ... better than new construction in half the time. 203K Rehab Mortgage. RE-Build USA's 203K Specialist Program & Certification I'm excited to complete this program as a value added service for my current buyer clientele considering "fixer-upper" opportunities and my past clients who want to remodel their current homes - sans credit card(s).
There are two versions of the 203K Rehab Mortgage - Streamline and Standard. Both are quasi construction loans, with the homeowner working directly with their lending … (0 comments)
|
home: Layton Real Estate Sales Snapshot 2009 vs 2010 - 11/17/10 04:40 PM
October 2010 vs 2009: total number of homes sold in Layton down 32%, but price per square foot only down 7.5% ... somewhat of a silver lining in the continuing storm cloud. November's numbers are trending downward, however. Sales Per Month Report Explanation This report shows sold property data for the search criteria in each month for the selected years back.
This is a description for each column header
Month - month for data
Count - numbers of homes sold for the month
Volume - total of sales prices
Med/avg OL - Original List Price - Original price based on CDOM
Med/avg Sold Price - Sale … (0 comments)
|
home: FHA/VA Rates Jump - 11/17/10 04:26 PM
For over a month, FHA and VA 30-year fixed mortgage rates have steadfastly held at 4%. Those rates have jumped to 4.25%, most likely as fall out over the Fed's $600 Billion Monetary Stimulus Plan initiated the day after the mid-term elections on Nov 2nd. As a VA buyer who purchased my first home back in the early '80's when the "discounted" VA rate was 12%, and getting ready to refinance my current VA loan at at a 3% 5/1 ARM, I believe that a 4.25% 30-year fixed rate is still kinda sorta really good :-) … (7 comments)
|
|
|
|
|
|
Kim Novak, REALTOR®
Layton,
UT
More about me…
RE/MAX Masters
Address: 3636 N 2900 E, Layton, UT, 84040
Office Phone: (800) 977-7835
Cell Phone: (801) 726-1443
Email Me
News, Trends & Discussions
About The Real Estate Market
in Northern Utah
 Listings
Links
Archives
|
;)
;)
;)
