We just passed the one-year anniversary of the First Time Home Buyer Tax Credit expiration. How has the market been since then? Pretty flat. The number of homes sold has been pretty steady for the past few months. But it is just starting to rise. There are signs of life! 

The inventory has not caught up with the increasing demand so the good properties are getting all of the offers. If you have been waiting to sell your home, now is a great time. If you live in one of these zip codes, contact me quickly while the demand in your area is hot.

If you don't live in one of these Zip codes, it still may be an opportune time to sell. Sign up for a free Market Report or a Home Analysis to see when the timing is just right for you.

1. Salt Lake City,…

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Typically the market heats up as the weather does. You can see from the graph below how spring months are some of the best months to sell your home.

Despite fluctuating weather, home sales are steadily rising. The market is positioned for some great growth. The low inventory will give new sellers an edge with the new home on the market! 

Looking at home sales versus homes under-contract we can estimate which areas are heating up faster than others. If you live in one of these zip codes, contact me quickly while the demand in your area is hot.
If you don't live in one of these Zip codes, it still may be an opportune time to sell. Sign up for a free Market Report or a Home Analysis to see when the timing is just right for you.


1. Salt Lake City,…

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I found an interesting article about Loan modifications at HousingWire.com

Bank of America took 100 random mortgages which were delinquent on their loans. They tracked these loans through the path to loan modification to see how successful the HAMP program is working. What did they find? Out of 100 loans how many do you think successfully navigated the HAMP path?     The HAMP Path Before anything can be processed the bank must contact the owners of the delinquent loans. After trying to make contact with these 100 owners, Bank of America had to mark 28 of them as unreachable. They made 110 phone calls to each owner and delievered eight customized letters to them; but received no response. With no response from the owners they were unable…

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March is a time for warming weather, leprechauns, rainbows, and pots of gold. In the housing market March is also a time for increasing sales and improved activity. Historically the market begins to heat up as the weather does. Timing is everything in Real Estate, and knowing when to act is vital for your success. 

The market is poised for some great improvements and opportunities. Recent sales history can help us estimate which zip codes will be able to sell this month.

If you live in one of these HOT zip codes, your home may be the pot-of-gold at the end of the rainbow. Contact me quickly while the demand in your area is hot. You can also sign up for a free Market Report or a Home Analysis to help you decide when the timing is just right…

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We found out almost 2 years ago that UDOT would undertake a 2-year project to improve transportation along 11400 S.

UDOT announced yesterday that the 11400 South bridge over the Jordan River, at 700 West, is now open. Construction is still underway in some places, but at least one lane will remain open in each direction through the spring. You should still use caution in the area and watch for shifting lanes and construction equipment near the railroad bridge. Speed limits are reduced to 30 mph between 1300 W. and 3600 W.  

The total project, which is 98% finished, includes continuing 11400 South from 700 West to 1300 West and widening the road to five lanes (four traffic lanes and a median). They have improved pedestrian structures and added…

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The Obama administration is reducing the government's role in mortgages. They have made a proposal that will undo 70 years of previous federal policy aimed at getting Americans to buy homes. This proposal may also increase the expense of home loans all across the board.

The plan, rolled out by the Treasury Department on Friday, will slowly dissolve Fannie Mae and Freddie Mac. These two programs are government-sponsored and purchased mortgages during the 2008 housing slump to encourage more lending. Eventually these purchases had to be bailed out.

"It's clear the administration wants the private sector to take a more prominent role in the mortgage rates, and in order for that to happen, mortgage rates have to go up," said Thomas Lawler, a housing…

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The numbers are in!

Here are the top ten zip codes for 4th quarter 2010. These areas had the most existing home sales accross the state.


#1. Taylorsville/Kearns (84118)
      151 homes sold
       Median price: $138,000
Current homes for sale

#2. Lehi (84043)
      144 homes sold
      Median price: $210,000
Current homes for sale

#3. Farr West (84404)
      128 homes sold
      Median price: $133,225
Current homes for sale

#4. South Jordan (84095)
      127 homes sold
      Median price: $272,000
Current homes for sale

#5. Clearfield (84015)
      117 homes sold
      Median price: $160,000
Current homes for sale

#6. Draper (84020)
      111 homes sold
      Median price: $349,900
Current homes for sale

#7. Tooele (84074)
      104 homes sold
 …

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The Ground Hog saw his shadow meaning an early Spring. What does this mean for the housing market? Will there be an early increase in home sales? January and February are historically lower in sales, but this year we've seen demand increasing during the cold months. This is a great sign!


As the demand increases more homes will become available on the market. Right now the number of homes on the market is extremely low. This is great news for sellers.

At the beginning of each month I look for the 5 areas with the highest probability of selling. These areas are Hot Spots! Low interest rates won't last forever, and are likely to increase soon. If you live in one of these hot spots, now is the time to list your home and start looking for a new home to…

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Congratulations Daybreak Utah!

Daybreak was just awarded ”Top Community” and “Suburban Smart Growth Honors” from the National Association of Home Builders! 



These awards recognize Daybreak’s developers, builders and architects for their focus on creating a lasting community that will maintain value over time and reduce its impact on the environment.

Here are some of Daybreak’s award-winning features:

  • SoDa Row: 10 locally-owned and operated retail stores which providelocal jobs as well as retail options.
  • Conveniently located schools, shops, restaurants, and parks, which promote an active life-style while conserving energy.
  • LEED-certified/”green” commercial buildings and every Daybreak home is Energy Star certified.
  • The Mid-Jordan TRAX…

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In many situations, when you have a debt cancelled or forgiven, it is considered income and can be taxable. When you short sale your home, the amount of debt forgiven can be quite substantial. Because most Short Sales are the result of hardship, it would be very difficult to meet this extra tax burden. Thankfully, the Mortgage Debt Relief Act of 2007 was established to prevent this.

The Debt Relief act allows those who have had to short sale their home, to exclude the debt forgiven from their income. This requires that the short sale be on the seller's principal residence. Debt can also be reduced through mortgage restructuring or loan modification. This debt forgiveness also qualifies under the Debt Relief act to be excluded from income.
The scope of…

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