utah real estate market: National Praise Feels So Good
- 08/22/12 07:14 AM
One thing about working in real estate that I absolutely love, is finding the best things to say about local communities. Where people live is a part of their identity. When I talk about how wonderful my community is people think I'm just saying that because I'm a realtor and I'm trying to convince them to move. That is why it is so nice when national, unbiased studies, praise your as well market.
There were recently three national reports praising Utah. The first is a recent Gallup poll that says Utah is poised to be be the best state … (1 comments)
utah real estate market: If They Say It, It's Right; If You Say It, It's Wrong
- 01/18/12 05:50 AM
Any time someone finds out I'm in real estate, they ask me the same question: "How's the market?" The way you answer this question will either make you stand out as a professional, or make you blend in with the rest of the agents out there. Programmed Responses We all have programmed responses for certain questions. When a store employee asks, "Can I help you?" you answer without thinking. If you answer this question about the market the same way, you will not stand out. Whether you say "the market is great" or "the market is dismal" will make no difference. They know it is a … (4 comments)
For more information and graphs check out my earlier report comparing the home sales along the Wasatch Front, with those of the rest of the nation.
As well as my reaction to the July statistics: Double Dip? … (0 comments)
utah real estate market: May's Hot Spots!
- 05/04/10 11:08 AM
Summer is a great time to Buy/Sell a Home in Utah! Knowing when and where to sell & purchase a home is vital to Real Estate success. The demand is highest in Utah’s Hot Spots! These locations are the zip codes and prices ranges that had the most demand and highest success last month. Economic improvement and recovery start in hot spots and then spread to other areas of the valley. These hot spots are the areas that will get top dollar for their home. Purchasing a home in one of these hot spots gives you a front row seat to … (0 comments)
utah real estate market: The Signs of Recovery are Multiplying
- 03/02/10 05:33 AM
Signs of Utah's economic Recovery have been escalating. The job market is improving, retail sales are increasing, and of course Real Estate sales are up. Jim Wood, of the Bureau of Economic and Business Research at the University of Utah, recently published a report on Utah's recovering economy. In his article (which can be read here) he states that "indicators show that the worst is over"! Here are some of the highlights from the report: Job Market: The number of job openings posted has doubled from a year ago The amount of job losses has slowed considerably Unemployment claims are down … (1 comments)
utah real estate market: What is a Reputable Economist Saying About Our Future?
- 10/19/09 10:53 AM
Utah's local Economist, who has been proven accurate in past statements, speaks about today's economy. The past couple of years I have been following Kelly Matthew's market predictions. As a testament to his knowledge of local market fluctuations, Wells Fargo has been able to weather the economic storm better than most other financial institutions by using his predictions. 2 years ago, Kelly said prices for Utah's housing would have to come down. In January of last year he said it looked like the inevitable was happenening and predicted that 2009 would be a bottom. Recently Kelly Matthews spoke with another Wells Fargo Investment Strategist about the current market. You can find the full article here on KSL.com What did they say? … (2 comments)
utah real estate market: A Sign of the Rise
- 10/08/09 03:52 AM
Even with the Nation Stabilizing Some Cities Demonstrate Above Average Growth There are signs of real-estate market growth all over the nation. In most cities these signs of recovery are small, but the signs in some cities are significantly greater. One of the major indicators of a growing market is the number of building permits that have been procured. Business Week Identifies "America's Strongest Building Markets." The top three cities in the United States have actually seen more building permits this year than last year. Why are these cities starting to re-grow faster than others in the nation? The city with the … (0 comments)
utah real estate market: October Hot Spots
- 10/06/09 04:34 AM
Top Places to Buy/Sell a Home in Utah this October! Mortgage rates are still low and time is quickly running out for Government incentives. The market is hot, but where are the hottest areas? The best places to buy/sell are those that have been seeing more demand recently than other areas. Based on where homes were selling last month we have an idea of where home sales are going to be the hottest this month! Those living in these hot spots can get top dollar for their house and get a great deal on another home! These Hot Spots are also … (0 comments)
utah real estate market: Top Places to Buy or Sell a Home in Utah this June!
- 06/05/09 08:28 AM
The Hot months for Selling a Home are Here! Low mortgage rates combined with Government incentives are encouraging Home buyers to make the move. Families with children are out of school and need to find their new home before the next school year starts. These next few months are the hottest months of the year to sell your home. These are the areas of Utah that are heating up and selling homes. Based on last month's home sales statistics, we can predict where the highest level of interest will be this month. If you're living in one of these Hot Spots … (0 comments)
utah real estate market: Going up or down in Utah Real Estate?
- 01/21/09 03:16 AM
Are we going up or down in Utah Real Estate? Lets look at the numbers for Salt Lake County. Sales in 2007 Oct 1033 November 927 December 803 Jan 2008 645 Feb 2008 766 Sales in 2008 Oct 846 November 592 December 687 Jan 2009 Predicted: 575 Feb 2009 Predicted: 700 So what happened year over year? Oct 18% decrease November 36% decrease December 14% decrease Jan Predicted decrease 10% Feb Predicted decrease 8% Decrease. What can we look forward too? Our sales numbers have hit bottom. We had huge decreases and there isnt a way for it to decrease anymore. … (0 comments)
utah real estate market: Utah rated #1 for population growth..Nevada moved to 8th.
- 01/10/09 06:09 AM
Utah was rated by Forbes to be #1 for population growth! Utah grew by 68,000 people but has grown at 2.5% year over year. There were over 40,000 new babies in the state. Utah's own growth accounts for the majority of the growth but we do have in migration. What it means to Utah Real Estate What is amazing....Utah has grown while sales of real estate declined to the lowest levels in 13 years. What does this mean? It means a majority of our population was scared to buy a home and are planning on it soon. Our sales can only do … (0 comments)
utah real estate market: Top Places in Utah to sell a home right now!
- 01/06/09 12:16 PM
Top Places in Utah to Sell a Home! (Salt Lake County Top Spots) If you live in one of these areas, you are in a hot spot! While most of the country is doing anything including giving away cars with their home....you can get top dollar for your home! If you are a buyer looking to buy in these areas, yes you may be paying more as you won't have as much negotiation room. But you can count on being able to sell your home if you ever needed to. These areas are Utah's Hot Spots for selling homes right now. … (2 comments)
utah real estate market: How Does a Short Sale or Foreclosure Affect me and my credit?
- 12/31/08 07:35 AM
How does a short sale or foreclosure affect me and my credit? That is the question that many people are asking. Times are statistically tough for many during this recession and people want to know what their options are and what they need to do. Im not a lawyer but this is what I am seeing in the loan world and in the credit arena. My rule of thumb is always the following when it comes to making payments: 1. Always make your payments and fulfill your obligations. 2. If things are tough and there is no way out, call your lender … (0 comments)
utah real estate market: Lower commissions means you are supposed to save right? Heres what it can cost you!
- 12/22/08 10:32 AM
You have seen the headlines "Why Pay 6%? Save $2,000 to $4,000!" Did you really end up saving? Lets take a look at a couple scenarios. Sometimes its tough to really know, many times you will never know. Why? Because there rarely is the exact same home for sale at the exact same time as each other listed with different brokerages. But we found some for you to look at. These two homes were on the market at the exact same time and were considered competition as they were exact comparables.
EXAMPLE A: This home was listed with a … (15 comments)
utah real estate market: Utah Housing Market Update for December 2008 including predictions for 2009
- 12/16/08 01:07 PM
Utah Housing Market Update for 2009 Current Situation...and the CRYSTAL BALL for the future A week ago we were talking in our office about demand. We have been watching 'pending' home sales decline and decline. This is typical during this time of year. Generally 1rst quarter after 4th quarter is where it bottoms out. So we thought, when was the last time home sales have been this low? We can't find data that goes back that far. We speculated it must be as far back as the 1980's. It also seems like the demand should be there to buy homes, but where are the … (2 comments)
utah real estate market: Utah Interest Rates hit 4.5%!
- 12/15/08 04:01 AM
Wow! Interest rates hit 4.5%! Yes, that is for a 30 year fixed. How is it that low? Well there are 2 reasons that it is that low. First, there are bank/foreclosed properties that the bank wants to sell today. And to make it attractive they are offering 4.5% interest rates for 30 year fixed! Some of these banks do have a balloon payment in 5 years or 7. A Balloon payment means that you would need to refinance sometime in the future. Second, there are certain builders or sellers that offering to buy down the rate. The current rate has … (0 comments)
utah real estate market: Top 5 Areas & Price Ranges to Sell a Home in Utah
- 12/06/08 02:27 PM
Top 3 Areas & Price Ranges to Sell a home in Utah You can sell your home for top dollar and within 45 days if you are in these areas. You also have the opportunity to buy more house with less money if you are trading up into a bigger house. Rates today were as low as 5%. Sellers in these areas are prime to take advantage of making money in today's market. 1. Salt Lake City 84105 Zip Code $100k-$200k List of Homes for Sale Home Sold History 2. Sandy 84094 Zip Code $100k-$200k List of Homes for Sale Home Sold History 3. … (0 comments)
utah real estate market: Short Sales taking off in Utah, 5 year market supplies in some areas and price ranges, all due to what?
- 07/17/08 03:53 PM
Phone Call for a $500k listing sounds exciting right? Got the phone call! A friend referred a listing to me. Beautiful home, it was in the Parade of Homes. So I sit down and give her the brutal details. There is a 5 year supply on the market in her price range and in her area. 5 YEAR SUPPLY! Why is there a 5 year supply in some areas and price ranges? For one, everyone moving to Utah has a house to sell or their house in another state is being foreclosed on. Out of staters cant buy here. They have … (0 comments)
Author Bio: Utah Dave (Dave Robison) specializes in building high-producing real estate sales teams that benefit home buyers with their specialized experience. Dave coaches teams and sells real estate all across Utah.
Realtor, Utah Real Estate Specialist! Utah Dave® specializes in assisting individuals and families with the purchase and sale of residential homes in the Salt Lake Area. If he doesn't specialize in it, he knows someone who does! Thats why he's Utah Dave®.
Dave also coaches real estate agents in the 3 secrets and 7 steps to building a real estate team/career. These steps took Dave from 20k in commissions to $1 Million in just 3 years.
One thing about working in real estate that I absolutely love, is finding the best things to say about local communities. Where people live is a part of their identity. When I talk about how wonderful my community is people think I'm just saying that because I'm a realtor and I'm trying to convince them to move. That is why it is so nice when national, unbiased studies, praise your as well market. 
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