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.

Cornerstone Real Estate does not condone Phil’s actions or comments.

Signed,
Ninja in a Blazer

After April’s Home Sales Numbers, the Cache County Real Estate market is doing really well. Home sales were way up, and the amount of real estate inventory on the market is way down. It looks like the Logan Real Estate market is really becoming a balanced market.

In this video, Robert Brown talks about how the expiration of the homebuying tax credits has clearly made an impact for Cache Valley Real Estate. There was a huge rush of buyer activity during the last two weeks of the month, as 95 homes went under contract. That’s a normal amount of properties going under contract for the entire month of April in Cache County. In total there are more than 200 homes currently under contract. The amount of inventory has also drastically reduced as there were more than 820 listings on Monday, and now there are less than 800.

The home buying tax credit clearly did stimulate or atleast move up home buying activity for Cache County Real Estate.

Robert tells us about a short sale condo for sale in Logan. Being a short sale, the current homeowners owe more than the property is actually worth. This could be a great deal for a potential buyer.

View Logan Utah Condos for Sale
View Logan Utah Short Sales

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.

As long as interest rates remain favorable like this, home buyers will be able to get good deals on Cache Valley Real Estate.

Just for Fun.This clip is from Modern Family. It has has nothing to do with Cornerstone Real Estate Professionals, nor will your Cornerstone Real Estate Agent be anything like this, but, it’s funny and life is good when you are laughing. Enjoy!