Utah Real Estate-Info From The President !
Utah Real Estate info from the President means from the President of the UAR ( Utah Association of Realtors).
We have a new one now you know.
Lerron Little is his name and each week he will publish messages in the Salt Lake Tribune for Utah Realtors, and those people in Utah interested in knowing more about Real Estate here in the Beehive state.
Our Tooele Broker, Chris Sloan, the Utah Realtor of The Year in 2009 was the president last year, and published Real Estate stuff that a lot of folks found helpful. Each week we would summarize most of it and put what we thought would interest you in our blog.
Were going to do the same thing with what Lerron publishes.
We hope it's as well received.
Last week the topic had to do with why Utah Home Buyers can continue to gain confidence about Salt Lake Real Estate in the coming year.
Here is an overview of what he had to say.
Home Prices have been slowly rising over the last few months in many parts of Utah.
Utah home prices have reached a low point and the slide in home values should end this year.
National Association of Realtors predicts U.S. home prices to increase 3-5% this year.
If distressed sales are excluded, IE: Foreclosures, REOs, Bank Owned, HUD Homes, Pre-Foreclosed Homes (short sales) then Utah single family homes and Condominiums prices are expected to rise 4%.
Salt Lake County Home sales surged by 77% as last years deadline neared.
That Tax Credit has been extended until April 30, another spike in Salt Lake home sales is expected.
71% of Salt Lake City homes sold in the 3rd quarter were affordable to those making SLC areas median income.
Affordability of the homes for sale in Salt Lake is back to the 2004 levels.
You can learn more about buying conditions in your area by contacting your favorite Realtor. If you don't have a favorite Salt Lake Realtor, we'd like to apply. Stop by our website @ Salt Lake Real Estate to see how serious we are about this business.
If you want to start a search for Homes for Sale In Salt Lake City, this is the tool. To look at short sales (pre-foreclosures) or Foreclosed Homes in Salt Lake without a membership fee, we have you taken care of.
Or, you can just call us @ 801-567-0946. We love to talk about Utah Real Estate, and info from the President.