real estate: Soapbox ❐ All That Bailout Money
- 05/04/11 02:39 PM
Soapbox: "A thing that provides an opportunity for someone to air their views publicly." I read an article earlier today that made me gasp (which in the new vernacular means that it was compelling enough for me to hit the "share" button and comment). The US Government has filed a lawsuit against Deutsche Bank. That's the good news. The bad news is that it involves $1.274 BILLION that HUD - that's us - has paid, or in the process of paying, this ONE bank, for bad loan insurance claims. The heartbreaker is that this is really about bailing out a bank, … (3 comments)
real estate: Syracuse Museum and Cultural Center
- 01/26/11 05:22 PM
I know that this video is a little long, but my tour guide was so enthusiastic and "in the know" that I practically forgot that I was recording our conversation. The museum is located at 2000 W and 1700 S and is part of a larger complex that includes the Syracuse City Municipal Building, the Post Office, the Northwest Branch of the Davis County Library and the Public Safety Building. The center consists of four individual buildings. The barn seems much more interesting than the displays in the main building, primarily because it is set up for more interactive learning. You … (1 comments)
real estate: East Gate Business Park News
- 01/26/11 01:39 PM
A recent news article in the Standard-Examiner, Layton Sets Goals for 2011, highlights Layton City's state of readiness for tenant growth at the East Gate Business Park. Janicki Industries, currently first, anchor and only tenant, is moving quickly to achieve their late spring start up timetable. East Gate Business Park is located just north of the intersection of HWY 193 and Fairfield Rd in Layton, Utah, adjacent to Hill AFB to the west and Sun Hills Golf Course to the east. Ideally located for any business venture looking to expand in or into Northern Utah. Moving to Utah? For relocation and … (0 comments)
real estate: When You Interview a Realtor in 2011
- 01/01/11 05:13 AM
During 2010, there were 25,119 sales closed and posted in WFRMLS (Wasatch Front Regional Multiple Listing Service - Utah). There are currently 8,194 active agents. That's only 3 sales, per year, per agent. When you're interviewing a Realtor® to represent your home buying or home selling interests, an important question to is, "how many clients did you, Ms/Mr Realtor, help achieve their homeownership goals this past year?" This is an especially important question because there is and has been no room for error in pricing and negotiation, advertising and marketing, during this continuing housing crisis. In order for you to be … (4 comments)
real estate: Paying for the Homebuyer Tax Credits - The Cost Runs Deep
- 12/31/10 07:11 AM
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)
real estate: 2011 Salt Lake Housing Forecast Breakfast
- 12/29/10 05:11 AM
Please let me know, by January 5th, if you would like to join me! I have four extra tickets available for non-Realtor® guests. If you're thinking about buying or selling a home, this event would provide much more relevant, decision making information than the news you get from any of the national media outlets. All real estate is local, and this is OUR local housing report. (Salt Lake Realtors) BOARD OF DIRECTORS MESSAGE ... 2011 Salt Lake Housing Forecast Breakfast on Tuesday, Jan. 11 at 8 a.m. at the Little America Hotel in downtown Salt Lake City. This year Lawrence Yun, … (1 comments)
real estate: Is It Finally Time to Buy ( or Sell ) a Home in Northern Utah?
- 12/27/10 02:12 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 … (2 comments)
real estate: CNBC's How's Housing? Report
- 12/22/10 11:55 AM
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)
real estate: KeyBank's Key Community Mortgage
- 12/17/10 03:53 AM
Update on KeyBank's 100% Financing Program: In my last post about this topic, I referred to this as a "new" program. After meeting with Kristin Shields and Will Mullin, KeyBank Mortgage Advisor and Relationship Manager respectively, I know now that Key has had this program in place for +/- four years. Disclaimer: The information that I am sharing here is NOT to promote KeyBank. As a professional REALTOR®, representing both buyers and sellers, it is my responsiblity to have a broad knowledge of available financing to achieve my client's home ownership (or home sale) goals. Lender guidelines vary, the most significant … (1 comments)
real estate: Open House Today! Noon - 2pm ... 1460 N 350 E, Layton, UT 84041
- 12/04/10 06:44 AM
Cute, west facing home on a cul de sac within walking distance of Woodward (aka Woody the Woodpecker) Park. Main Level: Formal living room, spacious kitchen with granite top island, family room with gas log fireplace, half bath and laundry. Upstairs: Master bedroom and bath with double sinks and private water closet, loft office/den which would also be a perfect craft room (or could easily be converted into a 4th bedroom) and two more bedrooms plus another full bathroom. Two tone paint, chair rails, beautifully updated. Ample storage plus cement crawlspace. Graveled RV pad with gate leading to fully fenced backyard. … (0 comments)
real estate: Are Senior or "55+" Restricted Communities Legal?
- 11/19/10 03:31 AM
I had a sign call on one of my listings yesterday. This particular home is located in Cozy Dale Retreat, and, as the subdivision name would imply, an adults-only community. One member of the household (who also must be an owner of record) has to be at least 55 years old and no one under 50 can reside with that homeowner. In talking with this potential buyer, she told me that she had a 28 year old son who had just had a kidney transplant and that he would be living with them. When I told her that it was prohibited … (0 comments)
real estate: Where are the HUD Homes?
- 11/17/10 08:13 AM
I just completed a search of our MLS (the Wasatch Front Regional MLS) and found 56 actively listed HUD owned home listings. Given that, according to RealtyTrac®, 1 in every 259 housing units in Utah received a foreclosure filing in October 2010, it seems that something is missing. Here's the scoop ... HUD is in transition regarding their sale and marketing of HUD owned homes (FHA home loan foreclosures). They have created a centralized marketing website at www.HUDhomestore.com. This new site was implemented for the Denver Region, under which Utah falls, on September 13th of this year and is in the … (0 comments)
real estate: East Gate Business Park - Layton, UT at Hill AFB
- 11/17/10 07:54 AM
JL Properties, Inc, is the real estate developer of the East Gate Business Park in Layton. Based in Anchorage, Alaska, the company has residential projects in Fairbanks, plus a variety of commercial, government and military projects in both cities. Their website lists three other Utah projects - Redwood Center, Towers at 45th and 136 E South Temple, but their relationship to these projects is unknown because the links are broken. On July 7, 2010, NAI Utah (a commercial real estate brokerage), announced that it had finalized the lease agreement with the first and anchor tenant of the East Gate Business Park, … (1 comments)
Soapbox: "A thing that provides an opportunity for someone to air their views publicly." I read an article earlier today that made me gasp (which in the new vernacular means that it was compelling enough for me to hit the "share" button and comment). The US Government has filed a lawsuit against Deutsche Bank. That's the good news. The bad news is that it involves $1.274 BILLION that HUD - that's us - has paid, or in the process of paying, this ONE bank, for bad loan insurance claims. The heartbreaker is that this is really about bailing out a bank, … (3 comments)
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