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According to RealtyTrac, foreclosure activity in Utah is up 10% from last month and up 104% for the year. The biggest jump from October was seen in the number of properties going to the auction [Notice of Trustee […]

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Salt Lake County Home Inventory November 2008

Home inventory levels are figured out by taking the number of homes on the market in a given zip code and dividing it by the number of homes sold in that zip code for the last 30 days. The answer will give you the absorption rate. […]

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Utah Notice of Defaults October 2008
 

 
 
 
Unfortunately,
Realty Trac reports that the Notice of Defaults for Utah returned to
their July high with 889 filings, 3 filings shy of July’s 892 filings.
Given the lending environment, trends in other states, and this
increase in NODs, it is looking like the Salt Lake market could be at
least 9-12 months […]

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The WFRMLS just released the 3rd Quarter 2008 market numbers. For a year over year comparison:

Single Family
1) Total units sold 2459. […]

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The current market offers a smorgasbord of deals for the
buyer with money to put down, good credit, and patience. For first time homebuyers or those struggling
with down payment and credit issues, your best bet is still going to be going FHA with a normal seller situation. But for those with something to bring to the
table, […]

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Home inventory levels
are figured out by taking the number of homes on the market in a given zip code
and dividing it by the number of homes sold in that zip code for the last 30
days.  The answer will give you the
absorption rate.  Or the number of months
it would take to sell the existing inventory at […]

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The WFRMLS just released the 2nd Quarter 2008 market numbers. For a year over year comparison:
Single Family
1) Total units sold 2578. […]

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Should I Buy a Property Without a Warranty?
Many home owners and banks sell their home without a home warranty. To be clear, there are two types of warranties involved when selling and buying a home: 1) the warranty by the seller written in the contract you use to purchase the home, […]

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June Inventory Levels
 
Home inventory levels are figured out by taking the number of homes on the market in a given zip code and dividing it by the number of homes sold in that zip code for the last 30 days.  The answer will give you the absorption rate.  Or the number of months it would […]

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The local MLS (WFRMLS) gives you search capabilities you just can not get from public sites like realtor.com, utahrealestate.com, or redfin.com.  It is nice to have a Realtor handy to do a search for you and then set that search to run automatically every day or week.  Here are a few of my favorite […]

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