How did home sales across the Wasatch Front match up with the rest of the nation?

This is a graph of how many homes sold across the Wasatch Front. The Green line represents the sales this year. The orange line is 2009 and the blue line is 2008.

  Here are the actual numbers:   Here are what homes sales have looked like across the Wasatch Front since 2005:   And here is how many homes sold across the nation for the past 5 years:  

The National numbers are in and it looks like we have a double dip situation on our hands. January 2009 was the bottom of the market, but last months numbers show we could have another dip approaching. Last month the United States' home sales fell to a level we haven't seen in almost 15 years! Everyone expected home sales to be a little lower, but the results were lower than anyone thought. We knew it would be low because of the expiration of the tax credit. The tax credit compressed months of demand into a short period ot time. When you look at home sales there is a spike corrolating with BOTH tax-credit deadlines.   Now that the tax credit is gone we are experiencing a decrease in demand. Because less homes are selling there are more homes…

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We are having FUN selling homes!

There is a degree of satisfaction that comes from closing a deal. However, the greater satisfaction comes from knowing the buyer is going to love their new home. It is a fun time to be selling homes because there are so many great deals out there.

I love being able to find beautiful homes for my buyers. One of our clients just got a steal of a deal on their new home. For approximately $1400 a month they get to live in their dream home:

4 bedrooms
2.5 bathrooms
3,436 square feet
.20 Acre lot
3-car garage
RV parking
And a perfect location for their lifestyle; there is a golf course litterally in the back yard!

These great homes and amazing rates won't last forever, but as long as they do I am having fun hooking up my

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What does Foreclosure do to a home?

This Daybreak home sold in February of 2008 for $578,000

    This is how it looks now as a foreclosure for $329,000             Foreclosures can be a great deal, because they require a little "sweat equity". If you're willing to put some extra work into a home, let me know. I can get you a free list of foreclosures in Daybreak!

This home sold in February of 2008 for $578,000

      It is now for sale as a foreclosure for $329,000              

We had a great experience on our Daybreak Tour last Saturday. Thank you to everyone who came. All who attended this fun tour received free Parade of Homes tickets and a select few received special prizes.

A few months ago I reported on some possible changes coming from Washington D.C. The wait is over and Change is approved!

The Senate has approved changes in FHA financing that will reduce the upfront costs of an FHA loan, but increase the monthly payment for mortgage insurance. The official statement points at 'perilously low' reserves as their reasoning for making the change.

The changes will go into effect October 4th, 2010.

Here is how it is right now:

If you were to get a $200,000 FHA Mortgage...
The upfront Mortgage Insurance Premium would be $4,500 (2.25% of the loan amount)
Monthly premiums would be $92 per month or $1,100 for the first year (.55% the loan amount)

Here are the new terms on a $200,000 FHA mortgage...

The upfront

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Tomorrow (Saturday August 7th) we are having our Free Daybreak Tour. Those who join us will receive:
Free foreclosures list
Free tickets to the Parade of Homes
Free Mountain Mike’s pizza
and a chance to see some of the great things Daybreak has to offer.

I have been doing the Daybreak Tour for a few years and it is always a thrill to see friends who live in Daybreak as well as people coming to see the community for the first time.

If you are interested join us in Daybreak at 12:00 Noon!

Here is a map of the route we will be taking through Daybreak:

E-mail me if you have any questions. No reservation is necessary, but if you e-mail me I will be sure to have enough Free tickets to the Parade of Homes for YOU.

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Tomorrow (Saturday August 7th) we are having our Free Daybreak Tour. Those who join us will receive:
Free foreclosures list
Free tickets to the Parade of Homes
Free Mountain Mike's pizza
and a chance to see some of the great things Daybreak has to offer.

I have been doing the Daybreak Tour for a few years and it is always a thrill to see friends who live in Daybreak as well as people coming to see the community for the first time.

If you are interested join us in Daybreak at 12:00 Noon!

Here is a map of the route we will be taking through Daybreak:

     

E-mail me if you have any questions. No reservation is necessary, but if you e-mail me I will be sure to have enough Free tickets to the Parade of Homes for YOU.