Archive for category Utah Real Estate

Real Estate Market Update for Northern Utah

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.

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Tax Credit “Hangover” For Utah Real Estate

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.

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American’s Want Smaller Homes

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.

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Don't Count on Tax Credit if Your Offer is on a Short Sale Home

Video Courtesy of KSL.com

Home sales in Utah were substantially up during the first quarter. Some Salt Lake Real Estate areas saw nearly double the home sales as 2009. Sandy Home Sales jumped 48.5, Kearns/Taylorsville Real Estate Sales increased 54.2%, Midvale Real Estate improved 72%, and West Salt Lake sales jumped 122%. A big part of this increase is credited to the federal home buying tax credits.

If you have a home solidly under contract right now, that is expected to close before the end of June, you also have a good chance of getting that tax credit. However, if the property you have under contract is a “Short Sale” don’t count on the tax credits. Despite federal regulations, and efforts to make short sales more manageable, the process is still very slow and inefficient. There is a good chance the property you have under contract won’t close by the deadline, and may not even have full bank approval.

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Home Buyer Tax Credit's Are Expiring Soon


In this video blog, Robert Brown reminds us that the first time and move up buyer federal government tax credits are expiring soon. If you want to take advantage of these tax credits, you need to find the house you intend to by before the end of April, and close on the new home before the end of June.

Because real estate transactions fall apart quite often, I would recommend having the due diligence deadlines completed by the middle of April. This way, if you have to cancel your contract, you still have time to get a new property under contract before the expiration of the tax credits.

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Utah Real Estate has some Positives



Robert Brown films these video blog from the Utah State Realtor Day on the Hill. Utah Real Estate sales aren’t like they were in 2007, but there are some really good things going on with Utah, it’s economy, unemployment, and growth.

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It's a Buyers Market in Logan Utah

Real Estate News while Robert Drives…. In this video Robert discusses some market condition statistics, and why it is currently a good time to buy real estate in Logan Utah. A balanced real estate market is one in which the absorption rate is between five and seven months. This means, that at the current sales pace, it would take 5 – 7 months to sell off all of the existing homes if no other homes were listed.

A buyers market is one has more than seven months of active real estate market. In a buyers market, there is very little competition for homes for sale, and buyers have strong negotiating power and can usually get the sellers to give a little bit more. It is a huge buyers market for homes for sale over $200,000 in Cache Valley. Based on the last six months of home sales, there is an absorption rate of more than 17 months! For homes priced less than $200,000, the market is just slightly tipped on the buyers side, as there is an absorption rate of about seven and a half percent.

If you want to take advantage of this buyers market, view Logan Utah homes for sale now.

New Listing in Smithfield Utah Under Contract in 13 Days

This Smithfield Utah listing went under contract in 13 days, much better than the average of about 100 days on market for Cache Valley. Feel free to email me at Robert@UtahCornerstone.com or visit www.LoganUtahRealtor.com  to see all homes for sale in UT.

Timing The Market – Finding the Best Time to Buy Utah Real Estate

Understanding Utah Real Estate statistics is a great way to time the market for getting the best deal.

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