Category Archives: News

Tax Reform and its Potential Impact on Housing

Disclaimer: This guide is not meant to be a resource for tax advice but instead a resource for basic information concerning only certain aspects of the new tax code and how they may impact the real estate market. You should get tax advice from your accountant or tax preparer who will explain how the entire tax code will affect your personal return. This information comes immediately after the new tax code became law. Some of the information may be revised … Read more

How Rising Prices Will Help Your Family Build Wealth in 2018

  Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will … Read more

There’s More to a Bubble Than Rising Home Prices

What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened.   “A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on an asset’s fundamental value, but the real key for detecting a bubble is speculation…Speculation tends to chase appreciating assets, and then speculation begets more speculation, until finally, for some reason that … Read more

FHA VS Conventional mortgage loans

Conventional and FHA loans saw significant loan limit increases in many counties across Utah. Below is the current loan limits for each county. We’d be honored to answer your questions and compete for your business. Conforming Loan Limits FHA Loan Limits If you are interested in more information regarding the differences between FHA and Conventional mortgage loans, please watch this short video: Would you be interested in searching for homes just like Realtors do? Up to 47% of the information … Read more

5 Tips to winterize your home & save some money on energy bills.

Tis the season to be freezing! It’s that time of year again, the fun holiday season, and cold weather is here. It is important to take certain measures to make sure you and your home are protected during these cold months. Following these tips will not only help make your home more comfortable, but could potentially save you money on your energy bills as well! 1. Get rid of door drafts You know that small opening on the bottom of … Read more

Salt Lake City and Utah now the gold standard!

In a Forbes article published today, Marian Salzman says: Utah is looking like the new benchmark for business and quality of life. A rash of new studies and rankings is proving that the Beehive State, and especially Salt Lake City, is increasingly the place to be. She goes on to state: In terms of job growth and economic performance, Utah ranked as the overall best performing state for the second year in a row, according to the U.S. Chamber of … Read more

Housing Market Casting a Smaller Shadow

The inventory of future short sales and foreclosures which will be coming to the market is known as ‘shadow inventory’. Future real estate pricing will be determined by the number of these distressed properties which eventually reach the market. These properties sell at major discounts: short sales at a 10% discount foreclosures at a 35% discount

New Construction, Renovation and Rates Below 4.50%…

Home builder confidence can’t shake its range, according to the National Association of Home Builders. The group’s monthly Housing Market Index put May’s builder confidence reading at a level of 16. Read more

New Home Supply Falls To 16-Year Low

Based on joint research from the Census Bureau and HUD, 300,000 new, single-family homes were sold on a seasonally-adjusted, annualized basis in March. It’s an 11 percent improvement from February. Read more

Happy Good (and Inspirational) Friday

Since today is Good Friday, I thought I would post this inspirational video featuring Will Smith again.

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