What do you get, when you add foreclosure inventory dropping nationally, interest rates near 4% on a 30 year mortgage and home affordability still near all-time low? APPRECIATION and consistency in home values! I just love these National Foreclosure Inventory numbers, which are showing huge improvement! Thanks to KCMblog for this post.
Our friends at Utah Cribs have created this great video about the Cottonwood Heights area, including their Cribby Fast Facts. We love this area for its easy access to Big Cottonwood and Little Cottonwood Canyons with the ski resorts and hiking, also for its great shopping and restaurants, gorgeous views of the mountains and lovely canyon breezes. Check this video out!
Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 30.8% (most optimistic) and 9.4% (most pessimistic). The bottom in home prices has come and gone. Home values will continue to appreciate for years. … Read more
I get that question all the time and maybe more accurately it’s posed to me as, “I have a piece of land in mind, I want to build a house. Where do I start?” There’s really three different approaches or ways to go about this. If you have a builder selected, and if you are ready to build, then I would suggest moving right along with your construction loan. And then the very first closing that you have will, of … Read more
Eric Belsky is Managing Director of the Joint Center of Housing Studies at Harvard University. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate. Last year he released a paper on homeownership – The Dream Lives On: the Future of Homeownership in America. In his paper, Belsky reveals five financial reasons people should consider buying a home. Here are the five reasons it makes sense to buy a home in Utah, … Read more
This is great news to share with your clients! In a recent blog post, FreddieMac explained that “housing is stronger today than at any point since the Great Recession began and hit bottom in 2009”. They then gave three reasons which support their position: 1. Home sales are up 13% since their low point. 2. Housing starts are up 50% since they bottomed out. 3. House Prices are up 16% since their trough.
Here is some great news to share with your clients: Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A study by the Federal Reserve formally answered this question. Some of the findings revealed in their report: The average American family has a net worth of $77,300 Of … Read more
If you love the canyons, love the city, love panoramic views and love luxury, watch this video showcasing Tavaci right at the mouth of Big Cottonwood Canyon. When financing at Tavaci, we have all the financing options that you my need. Whether you are buying one of these beautiful lots, building your dream home or buying one of the existing luxury homes to be built here, we have financing solutions for you. With regards to your lot financing, we have … Read more
We are home! The Mettle Family Adventure that took us to the other side of the world and back is over, but what memories we have. I again want to thank my clients, partners and family for their support. As I re-adjust to life in the fast lane (America), I will tell you we have so much to be thankful for; clean running water, traffic laws, clean restaurants and bathrooms, high speed internet, reliable power and general peace and order … Read more