Top Places to Buy/Sell a Home in Utah this November!

Economic improvement and recovery start in hot spots and then spread to other areas of the valley. These hot spots are the areas that will get top dollar for their home. Purchasing a home in one of these hot spots gives you a front row seat to economic recovery.

1. Salt Lake City Zip 84105
Sales History Map of current Homes for Sale

2. Salt Lake City Zip 84109 Price Range: $200K - $250K
Sales History Map of Current Homes for Sale

3. Salt Lake City Zip 84108 Price Range: $100K - $200K
Sales History Map of Current Homes for Sale

4. Salt Lake City Zip 84054 Price Range: $100K - $200K
Sales History Map of Current Homes for Sale

5. Draper Zip 84020 Price Range: $100K - $200K
Sales History Map of

The First Time Home Buyer Tax credit was scheduled to end December 1st of this year. However, due to the success of the program, and it's positive effect on the economy, the Government has voted to extend the program and make more Free Money available.

What does this mean for you?

First time home buyers, who weren't able to get a home this year, still have a few months to get up to $8,000 to assist with the purchase of their home. The income limit has been increased making the credit available to some home buyers who may not have qualified for the previous grant. Perhaps the biggest improvement of this program is extending the credit to all home buyers! Home owners who have been living in their home for 5 consecutive years also qualify for Free

It baffles me, online sites are charging for foreclosure info!

Recently I had an article come across my desk about those who are tricked into paying a fee for information that they could get for free. I couldn't believe it! I getforeclosure information for free. Not only do I get it for free but I give it to my clients for free.

In the past I have had people who purchased this information from these type of sites bring me the information they paid for. When they gave it to me I was amazed with how much of the info was incorrect.

Here is the complete article I came across. The article talks about how some people use deceptive online practices to trick buyers into paying monthly fees.

Utah’s local Economist, who has been proven accurate in past statements, speaks about today’s economy. The past couple of years I have been following Kelly Matthew’s market predictions. As a testament to his knowledge of local market fluctuations, Wells Fargo has been able to weather the economic storm better than most other financial institutions by using his predictions. 2 years ago, Kelly said prices for Utah’s housing would have to come down. In January of last year he said it looked like the inevitable was happenening and predicted that 2009 would be a bottom. Recently Kelly Matthews spoke, with another Wells Fargo Investment Strategist, about the current market. You can find the full article hereon KSL.com

What did they say?

It looks

Utah's local Economist, who has been proven accurate in past statements, speaks about today's economy. The past couple of years I have been following Kelly Matthew's market predictions. As a testament to his knowledge of local market fluctuations, Wells Fargo has been able to weather the economic storm better than most other financial institutions by using his predictions. 2 years ago, Kelly said prices for Utah's housing would have to come down. In January of last year he said it looked like the inevitable was happenening and predicted that 2009 would be a bottom. Recently Kelly Matthews spoke, with another Wells Fargo Investment Strategist, about the current market. You can find the full article here on KSL.com

What did they say?

It looks like

Top Places to Buy/Sell a Home in Utah this October!

Mortgage rates are still low and time is quickly running out for Government incentives. The market is hot, but where are the hottest areas?

The best places to buy/sell are those that have been seeing more demand recently than other areas. Based on where homes were selling last month we have an idea of where home sales are going to be the hottest this month! Those living in these hot spots can gettop dollar for their house and get a great deal on another home! These Hot Spots are also prime locations to buy because you can count on a stable home value and being able to sell if you ever need to.

1. Salt Lake City Zip 84108           Price Range: $100K – $200K
Sales History           Current Homes

Top Places to Buy/Sell a Home in Utah this October!

Mortgage rates are still low and time is quickly running out for Government incentives. The market is hot, but where are the hottest areas?

The best places to buy/sell are those that have been seeing more demand recently than other areas. Based on where homes were selling last month we have an idea of where home sales are going to be the hottest this month! Those living in these hot spots can get top dollar for their house and get a great deal on another home! These Hot Spots are also prime locations to buy because you can count on a stable home value and being able to sell if you ever need to.

1. Salt Lake City Zip 84108           Price Range: $100K - $200K
Sales History           Current Homes

Even with the Nation Stabilizing Some Cities Demonstrate Above Average Growth

There are signs of real-estate market growth all over the nation. In most cities these signs of recovery are small, but the signs in some cities are significantly greater. One of the major indicators of a growing market is the number of building permits that have been procured. The top three cities in the United States have actually seen more building permits this year than last year. Why are these cities starting to re-grow faster than others in the nation?

The city with the greatest increase in the nation is Lake Charles, Louisiana. There has been a 122% INCREASE in building permits from last year! What is the secret to their growth? The destruction of Hurricane Ike and

Last August I was predicting that January of 2009 would be the worst month for home sales that we have ever seen. It was. People kept asking when the bottom was going to be, but it contintued to elude us, things kept going down.

So where is the bottom for home sales? It looks like it was January of 2009. Looking back at the statistics for this year you can see that home sales bottomed out in January. There were even 2 months where Salt Lake experienced an increase in homes sold compared with the year before.

If Salt Lake were to maintain 1,000 home sales for the next 3 months, this year will be almost identical to 2008 in the total number of homes sold. That would show a true bottom in home sales. (Not necessarily prices, this requires a switch in

What would you have done in 2006?

"The market is hot!" In 2006 this is what many builders were telling anyone who had a good credit score. "I just built a home, turned around and sold it and the buyer made $100,000." Every person with a decent credit score wanted to make money just as easily! It is important to remain 'wise' amidst such 'hype'.

Investor "Wise" -vs- Investor "Hype": A Tale of Two Investors

Back in 2006 investor "Wise" called me on the phone asking for advice. "Dave, I'm thinking of building a home. I put money down with a builder and was told I can make a ton of money. Do you think it is a good idea?" In response I asked him 2 questions:

Question #1 - Median price range

Investor "wise" mentioned that the cost of the home was in the