salt lake real estate: The Daily Bond Report - 06/27/08 12:32 PM
Friday, June 27, 2008
After yesterdays massive selloff of stocks yesterday, it looks as if the bond market is trying it's best to turn positive. A good sign of just how hard this is proving to be, although the DOW dropped over 300 points, the bond struggled to gain little more … (0 comments)
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salt lake real estate: When Do Rent Increases Result in a Boost to the Real Estate Market? - 06/07/08 11:55 AM
Rents in Salt Lake are sharply increasing. Last year they went up 8.8% and this year they are expected to go up somewhere between 6 and 8%. Our real estate market, while not declining as much as some other areas, is still down approx 10 to 15% from the peak. The … (0 comments)
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salt lake real estate: The daily Bond Report - 06/04/08 12:53 PM
Wednesday, June 04, 2008
It's another ants in the pants day for bonds. A lot of jumping around but no real direction. Making news today are worker productivity, the ADP employment report and the ISM (Institute for supply management) report. Worker productivity rose 2.8% last month, a good sign that with … (2 comments)
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salt lake real estate: The Daily Bond Report - 05/29/08 12:08 PM
Thursday, May 29, 2008
Bonds are getting hammered today with the FNMA 5.5% 30 yr down 85 Bp for the day. The big winner today are stocks which meandered this morning for a while between positive and negative territory then shot up over 119 in the last 45 minutes. Moving the market … (0 comments)
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salt lake real estate: Daily Bond Report - 05/27/08 12:23 PM
Tuesday, May 27, 2008
Since pricing came out this morning the bond is down 4 Bp. The negative there is that it is down 31 Bp since the market opened. This means that most of the damage done to rates happened before lenders came out with rates. In short, if the … (0 comments)
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salt lake real estate: One Last Thought - 05/23/08 01:16 PM
With the number of foreclosures on the rise, it is inevitable to know of at least one person who has received a NOD (notice of default) and is in serious risk of foreclosure. I know of at least 2, one of which is less than 5 days from the courthouse steps. … (1 comments)
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salt lake real estate: The Daily Bond Report - 05/21/08 12:49 PM
Wednesday, May 21, 2008
Last week mortgage applications fell 7.8%, with purchases falling to a five year low of -6.9%. Oil is fast approaching $132 a Bbl today, putting a hard hammer to both the Bond and Stock market. The minutes from the last Federal Open Market Committee are released this … (0 comments)
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salt lake real estate: Daily Bond Report for Tooele and Salt lake Real Estate - 05/08/08 03:56 PM
Thursday, May 08, 2008
Initial jobless claims fell more than expected last week, beating analysts' estimates by 5,000. This was also a drop of 15,000 from the previous week. Although this is better than expected, the 380,000, any number above 300,000 is still pretty weak in the markets eyes. After topping $124 … (0 comments)
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salt lake real estate: Daily Bond Report for Tooele ans Salt Lake Real Estate Markets - 05/05/08 02:03 PM
Monday, May 05, 2008
Oil futures passed $120 a barrel today. This will put a damper on both the bond and Dow. In other news, the service sector (ISM) beat analysts' expectations and for the first time in months made it above the 50 mark to 52. Remember, anything below 50 shows … (0 comments)
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salt lake real estate: Real Estate Salt Lake Homes For Sale Report !! - 05/02/08 04:32 PM
Real Estate in Salt Lake City is as varied as the towns that surround it, The homes for sale in Salt Lake offer something for everyone. Whether you are a first time home buyer, looking to move up, a senior looking to downsize or improve security, A Real Estate Investor, flipping or … (0 comments)
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salt lake real estate: Salt Lake Homes for sale=7781, Short Sales =528 - 04/27/08 08:20 AM
Of the 7781 Condominiums and Homes for sale in Salt Lake, 6.7% (528) are short sales or are facing foreclosure.
Thats not a bad statistic when you look at some of the other areas of the country, where as much as 40% of the standing inventory of homes for sale can be characterised as distressed.
The Wasatch … (0 comments)
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salt lake real estate: Salt Lake Home Sales #3 In Nation !!! - 04/26/08 09:00 AM
Salt Lake home sales rank number 3 in the nation ? . Actually Forbes.com ranked Salt Lake as the third best city for selling houses in its "best cities for home sellers report".
It must be true. Forbes is a very reputable outfit, and I'm sure the author has sold a lot of houses.
I … (0 comments)
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salt lake real estate: One last thought for Tooele and Salt Lake City Utah Real Estate - 04/25/08 05:57 PM
Rates have bounced around this week more than kids at a birthday party. Like them, all this up and down has left some with an upset stomach. I wouldn't be far off is I said that the first thing I do when I wake up is open my computer and see … (0 comments)
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salt lake real estate: daily bond for tooele and salt lake city utah real estate - 04/24/08 01:00 PM
Thursday, April 24, 2008
It's a good market news day, which is pulling the bond down pretty hard. Durable goods orders came in better than expected today. Although most of it was defense related orders, investors looked at it as good news and ran with it. Other positive news was that Jobless … (0 comments)
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salt lake real estate: Salt Lake Condos Tougher To Finance !!! - 04/24/08 08:32 AM
Salt Lake Condos and Condominium projects are getting tougher to finance and are sure to get even tougher. It's not just Salt Lake, it's all over the country.
Since last weeks post on home sales in Murray, Midvale and Taylorsville Utah showed that almost 50% of the homes for sale and homes … (0 comments)
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salt lake real estate: How to know EXACTLY when home prices have hit ROCK BOTTOM! - 04/20/08 10:40 AM
You can play the housing market just like the stock market. But do you really want to?
There's one sure-fire way to know when the market has hit bottom. It works every time, and it is the method that most people use. It has always been this way and always will be. … (10 comments)
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salt lake real estate: FIVE easy questions help prequalify buyers BEFORE going $hopping... - 04/19/08 06:36 PM
Everybody knows loans have changed...or do they?
Every week I talk to buyers who don't know loans have changed. In many cases, people need 5-10% or more, depending on the type of property. Many buyers don't know this!
If we show homes without asking the critical questions, we're doing ourselves AND the public … (2 comments)
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salt lake real estate: Sugar House / Highland Park Bungalow for sale with NICE updates! - 04/19/08 06:11 PM
… (0 comments)
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salt lake real estate: Take a VACATION or ROLL THE DICE on some buyers? - 04/19/08 05:42 PM
Every time I go on vacation, business improves. I think it happens for a lot of reasons, but now I am trying to decide whether or not to cancel my 4 day beach trip to San Diego.
Here's the deal. I've been chatting online with some buyers from California. They're definitely going … (7 comments)
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salt lake real estate: Spacious Sandy Rambler-Home for Sale with Breathtaking Views! - 04/17/08 10:57 PM
$335,000 United States Dollars!
4 bedrooms + study
3 bathrooms
2 car garage with extra storage
2 family rooms
Gorgeous deck with walkouts from kitchen and panoramic views!
Wet bar
Vaulted ceilings in the living room with views of the mountains!
This house has an excellent, flowing floor plan and is a great place for elbow room, entertaining, or … (0 comments)
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salt lake real estate: Daily Bond and rate report for Utah, Tooele, Weber, and Salt Lake City - 04/17/08 01:04 PM
Thursday, April 17, 2008'
It’s another less than stellar day with the bond market. Although first time claims beat expectations today, up 17,000 from last week, most have shrugged off the news and moved on to better things. To add to the dismal numbers, after Merril Lynch posted a new $6.5 Billion … (0 comments)
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salt lake real estate: Report, Salt Lake Home Sales, Report First Quarter - 04/17/08 12:42 PM
The first quarter home sales report for Salt Lake is finally out, and it is just about what we would expect. Each quarter the Salt Lake MLS publishes a report on how home/condominium sales compare to the same time frame in previous years. Since the buying and selling of Real Estate is … (0 comments)
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salt lake real estate: Report: 710 West Jordan Homes For Sale - 04/09/08 02:16 PM
There are 710 West Jordan homes for sale today, April 9th 2008. That includes all single family residential dwellings. IE: Houses, Condominiums, Town- Homes, or P.U.Ds. that are for sale. the report is part of our commitment to bring you the most current, helpful Real Estate Information available. Whether you are … (0 comments)
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salt lake real estate: Brace for Impact - Salt Lake County 1st Quarter Market Trends - 04/08/08 03:48 AM
Now we've done it.
The number of listings in Salt Lake County for the 1st quarter of 2008 was the highest we've seen in the last ten years. Generally speaking, that means LOTS of people are selling, or at least trying to sell.
Are you sitting down?
The number of sales for the … (3 comments)
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salt lake real estate: Mark Your Territory and Make the Big Bucks! - 04/06/08 09:35 PM
Is it about survival of the fittest?
Not too long ago in a land not too far away, Realtors were sparse creatures. They could roam for miles without bumping into each other. They owned their territory.
Then some cataclysmic event caused the Realtor population to explode! What happened?
For many reasons, everyone and their … (6 comments)
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salt lake real estate: Google Maps - 7 Ways to Be More Visible, Provide Superior Service, and Get Noticed! - 04/05/08 10:39 AM
Yet another powerful tool we can utilize in our quest for excellence!
Two weeks ago I was browsing Google Maps when I stumbled across a little button called "My Maps." And that's when things got out of control!
I suddenly had a virtual cornucopia of ideas about what I could do with the … (31 comments)
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salt lake real estate: Real Estate Report, Herriman Homes for Sale, 04/08 - 04/01/08 04:42 PM
This Real Estate Report, an overview of the 402 Herriman homes for sale, has been created as part of our commitment to provide our clients the most accurate and timely Real Estate Information available in Salt Lake County.
The numbers we are presenting are real stats supplied by the Salt Lake Regional MLS. Any … (0 comments)
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salt lake real estate: Real Estate Report: South Jordan Homes For Sale, 04/08. - 04/01/08 02:41 PM
As of April 1, 2008, there were 595 South Jordan Homes for sale on the Wasatch Front MLS. This would include houses, condominiums, town homes and P.U.D units. What this report can not include are those homes for sale by owner (FSBOs) and New Homes offered by Builders through their agents. … (0 comments)
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salt lake real estate: Britney Spears Gives Salt Lake Real Estate Market Update - 03/31/08 10:17 PM
Just kidding, I figured it was a better Headline than, Local Realtor Gives Accurate Data.
I find it interesting that people will read a web site and it assume it is the truth, the whole truth and nothing but the truth.
According a gentleman name Adam that has commented recently … (0 comments)
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salt lake real estate: "Terrace Homes" a Hit @ Daybreak in South Jordan - 03/22/08 07:59 AM
The grand opening of Garbett Homes "Terrace Homes" at Daybreak in South Jordan was an absolute hit last weekend. I dont know how many homes were sold, but the stream of traffic, and the steady flow of potential condominium buyers, was very exciting. Particularly since earlier that morning the local newspaper spent considerable … (0 comments)
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salt lake real estate: News is good for Salt Lake Real Estate !!! Sort Of - 02/24/08 08:41 AM
You would think that any news that would give hope, or paint a positive picture of the Real Estate market in Salt Lake City, would be reported with enthusiasm and verve. Not so, here in Utah
The news media dampened a pretty exciting news conference on capital hill Friday. Then Saturday, the Salt Lake … (0 comments)
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salt lake real estate: Stats, South Jordan Homes For Sale... 1/20/08 - 01/21/08 06:18 PM
South Jordan homes for sale & homes sales activities for last last week are in. Real Estate in the Salt Lake Valley is not real great, but we see improvement and it's certainly much better than in many other areas of the country.
We want to be your source for current, timely Real Estate Information in Salt … (0 comments)
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salt lake real estate: Salt Lake Valley Homes Foreclosures... A Myth ??? - 01/21/08 09:32 AM
In Saturdays Salt Lake Tribune article, sorting through the myth vs reality , Curt Dowdle, executive officer for the Salt Lake Home Builders Association (HBA) reports that claims of lenders being "awash" in foreclosures is Myth #2. . Mr Dowdle seems to be suggesting that the fact that a higher number of home-owners than usual face … (2 comments)
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salt lake real estate: West Jordan Home Owner Needs Mortgage Help !!! - 01/11/08 01:55 PM
A West Jordan home owner called yesterday and left this message on my machine: "I NEED HELP". Then she let me know,(or whoever was listening) that she was grateful for all the information she was getting from TV, Newspapers, Radio, e-mails, direct mail and anyone else that could reach her. Further, … (0 comments)
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salt lake real estate: A Comparative Market Analysis - 12/30/07 09:51 PM
Salt Lake Comparative Market Analysis
How is the value of a home determined? This is great question that has more than one answer.
Home Values from a Buyer's Point of View
From the buyer's perspective it is supply and demand. They comparison shop, they will look at all the … (0 comments)
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salt lake real estate: Sugar House, Utah Real Estate near Salt Lake City!!! - 12/25/07 08:15 PM
Sugar House is one of the most popular neighborhoods in Salt Lake. Sugar House extends from about 1300 South to 2700 South and 700 East to 2000 East. The homes in Sugar House are mainly rennovated 1950s bungalows. The area has many quaint shops, eateries and tree-lined streets leading down to Sugar … (0 comments)
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salt lake real estate: SLC Builders Selling Lots... It's "Nuts" - 11/03/07 10:09 PM
Driving through South Jordan, Riverton, and Herriman (actually anywhere in the Salt Lake Valley) this month I noticed a lot of builders are offering lots for sale. That means something to me.
Remember the old saw that said " I can tell it's going to be a long hard winter by the huge number of … (0 comments)
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salt lake real estate: Salt Lake Home Sales, 3rd Quarter Bomb - 10/21/07 10:01 AM
The Salt Lake County Home Sales stats for the 3rd quarter were posted last night. It's a comparison of the number of homes bought, sold, and listed in Salt Lake County during July, August and September of 2007 with the same months of 2006.
The Wasatch Front Regional Multiple Listing Service (WFRMLS) provides that service and I try to … (0 comments)
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salt lake real estate: New Home Excitement is Contagious, Breath of Fresh Air - 10/13/07 04:26 AM
Actually it wasn't exactly a breath of fresh air but a neat young lady that made us think that the New Home Builder she represented was. Jackie Cordova sure made us want to get out and do our due diligence so we could start recommending her product to our clients.
We haven't … (0 comments)
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salt lake real estate: The Rest Of The Salt Lake "New Home" Story - 10/12/07 09:37 AM
Haven't you had enough doom and gloom? A lot of you let me know that you wanted to hear what I left out of Lesley Mitchell's Salt Lake Tribune article. I don't know why, it's more of the same.
Pretty bad news about some pretty good Utah home builders. The bottom … (0 comments)
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salt lake real estate: Selling your home? How about the 33% Plan? - 09/27/07 01:45 PM
The Salt Lake Real Estate market hasn't seen days like this for a while. Salt Lake has changed from a sellers market to a buyers market in what seems like overnight. If your selling, or thinking of selling your home these are tough times, and you need every advantage you can get.
I'm … (1 comments)
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salt lake real estate: The Rest of The Story - 09/27/07 09:09 AM
I want to follow up on yesterdays story about the loan officer that did the impossible for one of my clients (and for me). And to let all of you out there know once again what a wonderful business this is.
When the last signature was complete, and I looked over at … (2 comments)
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salt lake real estate: Any One Know a Great Lender ? - 09/26/07 03:41 PM
I do, and I want everyone to know it. She is Jackie Boudreau, from the home mortgage division of M & T Bank in Salt Lake City. Last week Jackie did the impossible for one of my clients, (which made me look great).
I'm a big one for complaining, and whining … (0 comments)
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salt lake real estate: Salt Lake Home sales Stats, "old News" - 09/20/07 08:43 AM
This post probably won't interest most folks, but I had to write it just in case someone out there was making a Real Estate decision based on this mornings Salt Lake tribune article. (Sept.12,2007). It's not that the article wasn't true, It probably was. The problem is, the information about trends … (0 comments)
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salt lake real estate: Fair Issac - FICO Stops Piggy-Backing Fraud - 07/07/07 05:58 PM
The Mortgage Industry scored a victory with Fair Isaac's announcement of their modification of their FICO scoring formula starting in September 2007. They've named it FICO 08.
As we posted on our Salt Lake City Real Estate Fraud Report, one of the latest fraud schemes in the mortgage industry was for borrowers … (3 comments)
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