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Is It Finally Time to Buy ( or Sell ) a Home in Northern Utah?

By
Real Estate Broker/Owner with Novak Advantage Real Estate UT DRE# 5459481-PB00

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 Significantly Below National Average

Utah's Employment Summary: November 2010

Posted by

Kim Novak is the Broker/Owner of Novak Advantage Real Estate. She can be reached by call/text/FaceTime at (801) 726-1443 and by email to kim@novakadvantage.com.

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Jane Jensen
Century 21 New Millennium - Arlington, VA

It's a great time to buy. Interest rates are still good and we won't see these again for a long time. 

Dec 27, 2010 02:19 AM
Kim Novak
Novak Advantage Real Estate - Layton, UT
Broker/Owner

I agree, Jane. I was able to lock in and refi my own VA loan on a 5/1 Arm at 3% at the first of December. Our local rates currently are at 30-year fixed VA/FHA of 4.75%!

Dec 27, 2010 02:42 AM