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Today’s Market versus Years Past

Viewing statistics is vital to predicting Real Estate trends. I keep track of how many homes are being sold across the Wasatch Front to stay informed for my friends and clients. There are many other factors affecting the Real Estate industry, but this is a quick way to glimpse market changes. Homes prices are driven by how many homes are being sold. When there is a considerable increase in demand prices and values go up.   These graphs and statistics show how many homes have been sold each month for the past 3 years. You can clearly see the bottom of the market back in January of 2009. So far we have had over 20% more homes sell this year than at this point last year. For more information about what these statistics mean for your particular…

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Hot News! Fresh From Washington D.C.

**There are some possible changes coming in the near future. Here is what is in the works: (Not an official announcement)**   I just returned from the National Association of Realtors® convention in Washington D.C. and want to share some of the valuable information I received. There are three major CHANGES approaching: 1 – Modifications to the Rural Housing program 2 – Tighter restrictions on FHA loans 3 – Adjustments to FHA mortgage insurance  

These announcements are not official yet! They should come out with official statements in the next few weeks.

1) The Rural Housing Program

The current delinquency rates on Rural Housing loans are at a 10 year low! Due to this success the government wants to keep the program running.…

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Military Grant Money Still Available

It has finally happened. We have passed the dealine for the $8,000/$6,500 tax credit. However, there is still time for "qualified service members" to take advantage of the program. The government has extended the tax credit to April 30, 2011 for any "member of the uniformed services of the U.S. military, a member of the Foreign Services of the U.S., or an employee of the intelligence community."

This extension is to honor and respect the sacrifice and services these individuals have provided for our country. It is also in consideration of the possibility that these individuals were stationed oversees during the tax credit and have had no opportunity to take advantage of the program.

Because of the nature of their service there has been an additional…

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May Hot Spots!

Summer is a great time to Buy/Sell a Home in Utah!

Knowing when and where to sell & purchase a home is vital to Real Estate success. The demand is highest in Utah’s Hot Spots!  These locations are the zip codes and prices ranges that had the most demand and highest success last month. 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 84117           Price Range: $100K – $200K
Sales History           Current Homes for Sale

2. Lindon, Zip 84042           Price Range: $100K – $200K
Sales History           Current Homes…

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New Utah Dave Office!

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How Was 2009 For Daybreak?

The Associated Press just released an article about the Daybreak community in South Jordan.

The Associated Press reports: “Kennecott’s Daybreak community ranked sixth for 2009 home sales among leading U.S. planned communities.” 365 homes were sold in Daybreak during 2009.

They attribute Daybreak’s success to the homes individually as well as the appeal of the community as a whole: ”Daybreak offers houses with traditional porches, pocket parks, lots of trails and wide-open surrounding spaces.”

Click here to view all available homes for sale in Daybreak.

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He who hesitates is lost… how waiting can cost you $20,000!

Can you really lose over $20,000 if you don't buy a home today?

Some of my friends at Republic Mortgage made this diagram representing how purchasing power goes down as rates go up.

The Federal Government is watching the market right now and trying to make sure a housing bubble does not occur again. As the market recovers it is likely that the rates will continue to rise. We've been enjoying record low rates for a long time, but the window for action is quickly closing.

It is time to lock in on a home now and take advantage of your extra buying power. If rates go up to 5.75%, your buying power will decrease $20,000. The market isn't going to depreciate that much this year to balance it out.

Here are some other articles about why NOW is…

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April Hot Spots

Current home owners, time is running out to take advantage of the $6,500 tax credit!

The $8,000 first-time home buyer grant is also coming to an end this month. Buyers need properties to purchase. You can get a great deal on your home if you sell quickly! Knowing when and where to sell & purchase a home is vital to Real Estate success. The demand is highest in Utah’s Hot Spots!

These locations are the zip codes and prices ranges that had the most demand and highest success last month. 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.…

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Large Sales Team of the Year!

The Utah Dave Team was awarded the Large Sales Team of the Year for 2009! Friday, March 5 the Salt Lake Board of REALTORS® recognized and honored the top real estate professionals in the area. The winners were chosen by their peers for outstanding performance during 2009. The Salt Lake Board stated, “These real estate professionals have achieved extraordinary career benchmarks of success, provided exemplary quality client service, proven personal perseverance, indispensable dedication and inspirational community service.” In reference to Utah Dave specifically they said, “In the biggest recession in Utah’s history, Utah Dave (Robison & Co.) was able to increase its revenue by 50% by focusing on each team member’s talents with no thought of…

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March Hot Spots

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

The economic growth and progress of 2010 is continuing to increase! This continuing trend of growth is showing a heightened interest in the housing market. The deadline for the free grant money is approaching quickly! Those interested in buying a home this year need to act fast. This increase in demand is pushing the success of the market through the winter months.

Knowing when to sell or purchase a home is vital to Real Estate success and the demand is highest in Utah’s Hot Spots! These locations are the zip codes and prices ranges that had the most demand and highest success last month. Economic improvement and recovery start in hot spots and then spread to other areas of the valley. These hot…

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