Salt Lake Real Estate Headlines, Not Real At All!!

Reading all the conflicting headlines about Real Estate in Salt Lake, makes my head spin. Plus it ticks me off.

After reading the headlines in newspapers, blogs, wire stories and the Internet a home buyer or someone selling their home in SLC wouldn't have a clue what the Real Market was like.

More than that, some one searching for a new home  in West Jordan or Sandy UT, would probably be so despondent after reading how the price of homes in Salt Lake took another dive, that they would do nothing, and miss out on the best time I have ever seen to buy a new home or condo.

Since many of the articles also shout that there is no mortgage money available for home purchases anyway investors and home buyers alike think that  doing nothing is the best way to practice Real Estate.

Here are some of the headlines that I saw yesterday, when searching for information about Real Estate in Salt Lake City Utah, as well as some comment.

• Mortgage Rates Erase Feds Handiwork:  It looks like someone is trying to scapegoat the fact that after hundreds of millions of dollars in bailouts, incentives and restructuring not working, the government is going to blame failure on a quarter point mortgage interest rate increase.
• May Housing Foreclosures Highest On Record:  Not in West Jordan, not in Salt Lake, not in Utah. Someone needs to mention that Real Estate is local.
• New US Home Subsidy Plan Has Little Support:   Probably because no one understands it and because the politicians haven't determined yet what the finger they are holding up in the air is telling them about public opinion. No not that finger!!!
• Foreclosure Filings Fall In May:   Are these  the same foreclosed houses that made housing foreclosures in May the highest on record? (see above).
• Mortgage Rates Skyrocket:   Skyrocket may be a little strong. Can any one say "Carter Years" That was a skyrocket!
• Increasing Treasury Yields Equals Trouble For Housing Industry:   I'm sure this is true, although I never know if it's bonds going up and down that causes trouble or notes or T Bills, or Libors, or greed or uncertainty in the marketplace, or if it's because 6% seems like a fair interest rate to charge someone for money with which you can buy a house.
• First Time Buyer Tax Break Doing Its Job In Salt Lake:  Good news here for all of the sellers whose homes are priced under $200,000.   Until they read the next one!!!
• Salt Lake First Time Buyers Can't Find Financing:  Well which one is it? 

So now you see my problem. My problem is information !!

My problem, and I suspect the problem of many of my Salt Lake Home Buyers is, we have too much information, and we don't know who to believe.

Heres what I suggest.

Go to our web site Salt Lake Real  Estate, log on, then browse the information tips on buying a home, financing, how we sell your house, and new home and condo developments in SLC.

To search over 8,000 Salt Lake homes for sale, click on SLC homes listed on MLS. You can find Homes, Condos, Prices, Pictures, Maps and almost all of the information your Realtor would use to help you find a home.

Or give us a call @ 801-567-0946 , we would love to discuss some of the more important Salt Lake Real Estate Headlines.  

This article was published first in Cories Salt Lake Real Estate                               

For expert representation when buying or selling real estate in Salt Lake City visit our website or contact us directly. We specialize in bank owned and Salt Lake City short sales, foreclosures and REO's plus commercial properties and land. 801-567-0946