There is definitely some good news for the Logan Real Estate market.
Home sales improved during 2011, the first time in four years. The number of homes for sale has also substantially decreased, meaning that the decline in home prices won’t last much longer.
Mortgage interest rates are still at record lows, 30 year fixed mortgages are less than 4%. It’s a great time to buy real estate.
There are some very positive signs for the real estate market in Logan Utah. Real Estate Inventory is at it’s lowest level in years, and home sales are up for the fourth straight month.
June was the best month for residential home sale sin Cache Valley Utah in a Year.
Robert Discusses the Real Estate Market in Cache County, Weber County, and Davis County Utah. It looks like the Northern Utah Housing Market will still see some declining prices in 2011. The Davis County Real Estate market looks to be closer to recovery than real estate in Weber and Cache Counties.
In this video, Robert talks about the trends in Logan Utah Real Estate sales. Northern Utah saw above normal home sales during the spring, but home sales have been down during the late summer months, which traditionally have the highest home sales numbers. A lot of the abnormal variation has to do with the home buying tax credits. Buyers, especially first time home buyers bought earlier in the year so they could get the money from the federal government. While the market appeared to be correcting in the spring, it is clear that the Cache County Real Estate market still heavily favors buyers.
This report done by Trulia shows that American’s attitudes toward’s real estate ownership have changed since the housing boom. Far less Americans want larger Mcmansion Homes. Check out how this study compares with Logan Real Estate and Utah Real Estate.
Jul 1
This is a funny rap that explains a little bit about Catalyst Property Management’s approach to business. Many of the Logan Property Management Companies do very little for the owners, and tenants they manage. There are many things that make Catalyst the best property management company in Logan.
Right now mortgage interest rates are at an ALL TIME LOW. Meaning, the average Mortgage Rate is the lowest it has ever been. The average 30 year fixed loan is just 4.67% and the Average 15 Year fixed loan is just 4.13%. This means, if you have a great mortgage lender, and or purchase some points, you can get an even lower interest rate.
The 15 year fixed mortgage rate is so inexpensive right now that a house payment with a 15 year loan would be almost the same as a 30 year fixed payment if the interest rate was 8%.
Even though it’s possible that Utah Real Estate prices will increase over the next few years, from an affordability standpoint, housing might be the cheapest it will ever be. If this intrigues you, start looking for Utah homes for sale now.
