real estate: July 2007 Home absorption - Salt Lake County Real Estate - 08/21/07 12:50 PM
The time required to sell a home has increased again for every city in Salt Lake County. In some cities the absorption rate more than doubled from June to July. Of the 17 cities tracked only one (Magna) is still considered a sellers market, three are considered a balanced market (West … (3 comments)
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real estate: Realtors Are Not Meth Cops! - 08/21/07 12:33 PM
It seems its human nature to look for a scapegoat to blame for a problem that confronts us. This is especially ringing true in the case of homes contaminated with Meth. Those who caused the contamination are usually long gone to another cooking location, in jail, or dead. They can't be … (0 comments)
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real estate: South Jordan Utah Home Sales - June 2007 - 07/13/07 10:39 PM
South Jordan home prices continued to decline in June and for the first time fell below values from the prior year. June 2007 prices were 7.5% lower than they were in June 2006.
Though prices declined steadily during the 2nd quarter they are still 5.2% higher than home prices at year-end. So it could … (0 comments)
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real estate: Buyer or Sellers Market? Absorption Rate is The Key! - 07/07/07 02:02 PM
Buyers and Sellers all pretty much ask the same questions. So it's not really to difficult for real estate agents that are active in the market to answer their clients questions. But there is one question most realtors struggle a little with. And yet, it is one of the most important … (4 comments)
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real estate: Salt Lake City Real Estate - June 2007 Home Absorption - 07/06/07 04:57 PM
The time it takes to sell a home in the Salt Lake Metropolitan area continues to increase. Of the 17 cities tracked in Salt Lake County only three (Midvale, Taylorsville, & Magna) are still considered a Sellers market. Bluffdale, Herriman, and Riverton increased significantly from 7.7 months to 13.9, an increase … (0 comments)
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real estate: Salt Lake City Real Estate Fraud - July 2007 Update - 07/06/07 12:37 PM
Last month we posted about the Utah Division Of Real Estates Fraud Alert sent to all licensed Real Estate Agents, Appraisers, and Lenders. Here is an update on some additional types of fraud occurring since our last post.
Credit Score Piggy-backing
You want to purchase a home but your score is below 620. … (0 comments)
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real estate: Convenient 3 Bedroom South Jordan Utah Townhouse - 07/05/07 06:55 PM
South Jordans Townhouse Secret - 3 Beds and a pool!Location: South Jordan, UTThis popular South Jordan PUD is conveniently located off Bangerter Highway and 10400 South. Enjoy the convenience of the pool, work-out room, clubhouse, and playground without any of the maintenance. With 3 bedrooms and 3 bath this townhouse is … (0 comments)
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real estate: Magna Utah Home Values up 18% Since Year-End! - 06/16/07 10:20 PM
Magna home values are up 18% since year-end! It is clearly the hottest market in Salt Lake County. Home values have increased steadily this year and sales volume has kept a close pace with the records numbers of 2006.
Will it continue? I believe it will.
Look at the absorption rate of 3.4 … (0 comments)
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real estate: Housing Market Report for Midvale, UT - May 2007 - 06/10/07 05:50 PM
The Midvale housing market is one of the strongest in the Salt Lake Valley. Though home values dipped a little in May, they are still 16% higher than they were in January and 28% higher than May 2006. The number of homes sold also dipped slightly in May but was only … (0 comments)
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real estate: Housing Report for Salt Lake County, UT - May 2007 - 06/10/07 05:47 PM
The value of homes in Salt Lake County continues to increase despite national reports of a housing crisis and national decline in values. In our February Market forecast we mentioned that Fortune and Moodys were forecasting a 5.4% overall increase for Salt Lake in 2007. For the 5 months ending May … (0 comments)
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real estate: Housing Report for Draper, UT - May 2007 - 06/10/07 04:45 PM
Draper home sales are in the tank. Home values have declined every month since December 2006. May values are very low and must be due to more townhomes being sold that detached. I'll expect June values to recover, but still be lower than March and April. The number of homes sold … (2 comments)
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real estate: Housing Report fot Cottonwood Heights, UT - May 2007 - 06/10/07 04:40 PM
Cottonwood Heights home values have had the most aggressive growth in the Salt Lake Valley. Values for May 2007 were 36% higher than May 2006 and seem to be holding strong. The number of homes sold is down 18% from the number of homes sold in May 2006 but seems to … (0 comments)
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real estate: Sandy City Utah Home Sales Market Report - May 2007 - 06/09/07 09:05 PM
Sandy home sales are flat. Volumes have fluctuated around 100 homes per month which is around 30% fewer homes than sold per month in 2006. Home values have also fluctuated over the last four months but at the end of May they are $500 higher than they were at the end … (0 comments)
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real estate: Murray Utah Home Sales Market Report - May 2007 - 06/09/07 08:04 PM
Murray home values increased 6.62% from last month and have increased almost 9% since the first of the year. The increase in home values over May 2006 is a consistent 20%. The number of homes sold in Murray only averages 15 per month and has been very flat over the last 5 … (0 comments)
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real estate: Holladay Utah Market Report - May 2007 - 06/09/07 07:34 PM
Holladay Utah Home values declined slightly for the second straight month but are still almost 30% higher than they were in May 2006. Holladay has historically maintained strong home values and I'm confident the slight decline is more a market mix of homes sold in the area versus a city-wide decline in … (0 comments)
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real estate: South Salt Lake Market Report - May 2007 - 06/09/07 07:06 PM
South Salt Lake Home sales are still hot. Though the average price of homes sold dropped 5% from April they are still almost 24% higher than May 2006. The volume of homes sold is virtually unchanged over last month and is consistent near the same volume of sales as last year.
The saturation rate … (0 comments)
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real estate: Salt Lake City Council Takes Tooele Property - Eminent Domain - 06/08/07 03:28 PM
The Salt Lake City Council unanimously approved a resolution for eminent domain to take private property from three landowners in Tooele at the City Council meeting May 22, 2007.
Salt Lake City isn't shy about using their power of eminent domain. This action will mark the third time they've used it to take … (0 comments)
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real estate: Who's METHing with Your Home? - 06/06/07 11:50 AM
Should home buyers be told if the home they are buying was previously a METH Lab?
According to the State of Utah, a nondisclosure state, sellers and their agents do not have to disclose to buyers that a home was previously contaminated with METH if the home has been declared "clean" by … (16 comments)
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real estate: Utah Real Estate - Fraud alert - 06/05/07 04:38 PM
The Utah division of Real Estate recently issued a Fraud Alert to those holding Real Estate, Mortgage, or Appraisal licenses within the state.
The fraud alert warned licensees to protect their license and career by avoiding "Investment Scams". It went on to alert real estate agents that there has been a dramatic increase … (0 comments)
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real estate: Can Your Real Estate Agent Deliver? - 05/08/07 02:02 PM
Whether you're buying or selling a home the transaction can be a huge risk and a pleasant or miserable experience. So how do you make sure it is profitable and enjoyable?
We see a lot of promotion and hype in real estate marketing. Everybody states they are honest and hard working. Most agents have … (4 comments)
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