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
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
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
FHA has announced the 2015 county loan limits. Please click here to see them. If you have any questions regarding FHA loans, please call Josh Mettle at 801-747-1210.
Dr. Steven Podnos MD, MBA, CFP(R) talked about common physician retirement planning mistakes when he visited with Josh on the Physician Financial Success podcast.
CNBC’s Diana Olick recently reported that rents in the residential housing sector continued to rise in 2014. She interviewed Jed Kolko, Chief Economist at Trulia, who revealed: “Rents are rising because of strong demand that supply hasn’t kept up with. Nearly all the new households are renters, and young people moving out of their parents’ homes will keep fueling rental demand.” Where are rents headed in 2015?
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.
Before we get into the health of the market, I’d like to share a few adorable pictures from our July family adventures. We had a great trip to St. Louis, Missouri, where the kids enjoyed Six Flags Magic Mountain and the City Museum. Anyone who has not seen the City Museum owes it to themselves to check it out – it is insane. As the story goes, this old eccentric rich guy purchased a huge building in St. Louis and … Read more
Thought this was cool information for your clients who are looking at new homes. Wow, 2007 – 2012 was brutal! Thanks to KCM blog for this infographic.