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
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
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
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
Since today is Good Friday, I thought I would post this inspirational video featuring Will Smith again.
Business Insider’s Money Game interviewed real estate expert Barbara Corcoran earlier this week. This is what she said about buying in this market: “We have a regular real estate miracle happening right now. We not only have record low prices, but we also have cheap money.” A second real estate icon, Donald Trump, just a few weeks ago said: “This is a great time to go out and buy a house. And if you do, in 10 years you’re going … Read more
Wikipedia: Redline refers to the maximum engine speed at which an internal combustion engine or traction motor and its components are designed to operate without causing damage. I think Redline describes how a lot of us have been operating lately. I had three conversations with three different clients within the last week and they all revolved around the same thing. Life, business and making it all work has become more difficult, uncomfortable and almost unbearable. Not only has making a … Read more
Another day, another strong report for housing. The Pending Home Sales Index climbed 2 percent in December, according to the National Association of REALTORSÂ® Read more
Happy New Year! Here is some great New Year resolution advice I can share with you from my Mortgage and Life Coach Bill Hart:
Once in awhile on this blog we like to post some inspirational videos that get you thinking and moving…this is one of those. Next time you think “I can’t do this”… remember this man who never says, ” I can’t do this” he only says, “how can I make this happen”. Have a great weekend and make something great happen in your life or someone else’s.