September 2010

Found 6 blog entries for September 2010.

If you think there may be a foreclosure in your future, or if you're concerned about your loan modification, contact me so we can review your options. We may be able to get you $3,000 to short sale your home. Contact me for details and to see if you qualify.

Last week ALEX VEIGA of the Associated Press reported that "Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis." This number contrasts the positive news that the number of foreclosures beginning the process are actually declining and have been declining for the past seven months. The number of default notices was down only 1% from July, but down 30% from August of last year.

Even with less loans entering the foreclosure process, this is the 9th

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In a recent forecast of future market conditions, MBA economists published the following information about interest rates from 2009 to 2012. It has the average rates per quarter since the beginning of 2009 shadded in gray. The other numbers are the projected average interest rates per quarter.

As you can see it is expected that rates will increase to 5% by this time next year, and up to 5.7% by the end of 2012. This rise in interest rates will reduce buying power by as much as 10%!

Today with an $1,100 monthly payment you could probably get a $175,000 home. Next year that payment will only get you a $165,500 home, and by the end of 2012 the price of the home you can afford will be closer to $150,000. Here is a graphic demonstrating how the

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I just visited a friend of mine in his new office at Daybreak‘s SodaRow. CompuSoft Development has moved their headquarters there. I could not resist taking a few pictures of the beautiful view from their balcony.

 

 

 

How would you like a view like that from work?
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Here’s a quick video for my Listings.

For more information and graphs check out my earlier report comparing the home sales along the Wasatch Front, with those of the rest of the nation.

As well as my reaction to the July statistics: Double Dip?

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We keep hearing about how much of a buyer’s market it is. This can still be an advantage if you are selling your home. If demand for your home is up, which it is in these Hot Spots, you’ll be able to sell your home for top dollar. Then you will also be able to take advantage of the great deals available in other neighborhoods.


While the tax-credit stimulated the sales for a few months it only applied to some buyers. Those who did not qualify for the tax credit are still looking for homes to buy. The currently lower interest rates provide more buying power. If you live in a hot spot, now is the time to list your home and start looking for a great deal to purchase.

Utah’s Hot Spots are the zip codes and prices ranges that had the most demand and

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Here's a quick video for my Listings.

For more information and graphs check out my earlier report comparing the home sales along the Wasatch Front, with those of the rest of the nation.

As well as my reaction to the July statistics: Double Dip?

1,071 Views, 0 Comments