income: Salt Lake City, Utah makes top 10 list for best places to buy investment property - 04/23/12 10:57 AM
Salt Lake City, Utah pops up at #6 on Marketwatch's Top 10 best places to buy investment property in the U.S.
They cite low inventory and rising median home prices as reasons, but fail to mention that rents on single family homes are pretty high compared to the cost of homes right now.
My presumption is that families who have lost their homes to short sale or foreclosure aren't too excited about renting a 2 bedroom apartment, so they are looking for single family homes to rent. I've been thinking about keeping my home as a rental for a few years … (4 comments)

income: 2012 Salt Lake Housing Forecast Report - 01/18/12 07:34 AM

I attended the 2012 Salt Lake Housing Forecast Meeting this morning. The two presenters this year were Eric Belsky, Managing Director of the Joint Center for Housing Studies at Harvard University and James Wood, director of the University of Utah’s Bureau of Economic and Business Research. While Mr. Wood's remarks were pointedly local, Mr. Belsky's report covered the state of the housing market nationally, with concluding remarks to show where Utah stacks up among the states.
The expectations? Cautiously and realistically optimistic. Realistically meaning that while there were no bold statements of certain recovery, the outlook is that things are … (0 comments)

income: Utah Housing and Mortgage Trends Compared to Other States - 10/26/11 07:26 AM
U.S. Housing and Mortgage Trends
(Source: October 2011 report by CoreLogic)
The homeownership rate is down... almost 10% compared to the homeownership rate in 1980. The median household income is down... (lowest level since 1996) Both renters and owners are spending a greater percentage of their income on housing costs (over 1/3 of their income for both groups. Renters are generally paying 5.2% more of their household income toward housing expenditures than homeowners. 66% of foreclosed properties became REO, i.e. Real Estate Owned ("bank owned") More investors are skipping the foreclosure auction in favor of buying the REO homes directly from the bank. Sales … (0 comments)

income: Utah Ranked Best State for Business and Careers - 10/22/10 10:43 AM
Among all 50 states, Utah adds yet another top end ranking to it's list of growing accolades I've been trying to keep up with over the past few years. Forbes.com recently ranked Utah as the "Best State for Business and Careers."
Here are a few other honors earned by Utah and Salt Lake City that I'm aware of:
Best Commute in the Country (Salt Lake) Least Stressful City in America (Salt Lake) 2nd Healthiest State (Utah) Best City for Bargain House-Hunters (Salt Lake) Most Fiscally Fit State Government in the U.S. (Utah) Household Incomes Rising Fastest in the Nation (Utah - … (3 comments)

income: $6,000 Utah Grant for New Construction Not Just for First Time Homebuyers - Does Not Have to be Repaid - 03/20/09 06:17 AM

The State of Utah is offering purchasers of new construction a $6,000 grant that does not have to be repaid. You do not have to be a first time home buyer to qualify, but there are a few limitations.
Here are the basics of the "Home-Run" grant:
Does the amount of the grant vary? Is it up to $6,000? No. The amount of the grant for qualified applicants will always be the full $6,000.
Does it have to be re-paid? No. The $6,000 grant does not have to be re-paid.
Do I have to live in the home? Yes. The … (5 comments)

income: Key Details of the $8,000 Federal Tax Credit for Salt Lake City, Utah Area Homebuyers - 02/19/09 05:18 AM
Key Details of the $8,000 Federal Tax Credit for Utah Homebuyers
Buy a home between January 1, 2009 and December 1, 2009. Get $8,000 Federal Tax Credit when you file your 2009 Tax Return (or sooner, see below). This does not have to be repaid. (UNLESS: You sell the home within 3 years) If you and your spouse make a combined income of less than $150,000 annually (or if you are single and make less than $75,000 annually), you qualify for the full $8,000 tax credit. If you make more than that, you may qualify for a partial tax credit. You … (9 comments)

 
Benjamin Clark, Buyer's Agent - Certified Negotiation Expert (Homebuyer Representation, Inc.) Rainmaker large

Benjamin Clark

Buyer's Agent - Certified Negotiation Expert

Salt Lake City, UT

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