Sean Dixon, a good friend of mine since I was 5 is a very talented muscian. I remember being jealous of him when I was young that his parents let him play the guitar while mine made me take piano. lol
Heres a note he sent to me....I have been voting for him...and he is almost there but wants your vote to cap off the contest!
Heres what Sean said to me:
I would love to put some of my new music on CD and this contest would give me the chance to do that. Winner gets $5000 and all you have to do is vote every day and get your friends to do the same. Follow the instructions below:
- Go to Mormontimes.com
- Select the Showcase ICON on the left hand side
- Click the Need an account ? Sign up here button near the top right
- Fill out the sign up sheet
- Login back at the top of the page with your email address and Password
- Click the Showcase button
- Scroll down to find my name and picture
- Click on my picture
- Select the vote button
- Do it again and again
- Vote every day
- Get your friends to vote every day too
DIRECTIONS:
1. SIGN UP HERE
2. Vote every day here:
SO GO VOTE FOR OUR LOCAL SOUTH JORDAN UTAH NATIVE!
January 21, 2009
Going up or down in Utah Real Estate?
Are we going up or down in Utah Real Estate?
Lets look at the numbers for Salt Lake County.
Sales in 2007
Oct 1033 November 927 December 803 Jan 2008 645 Feb 2008 766
Sales in 2008
Oct 846 November 592 December 687 Jan 2009 Predicted: 575 Feb 2009 Predicted: 700
So what happened year over year?
Oct 18% decrease November 36% decrease December 14% decrease Jan Predicted decrease 10% Feb Predicted decrease 8% Decrease.
What can we look forward too?
Our sales numbers have hit bottom. We had huge decreases and there isnt a way for it to decrease anymore. And actually we are receiving multiple offers on many homes. Our number of actives in Salt Lake have decreased to 7500. Last year there were 10,500 homes sold. So at the current rate we should sell every home in 9 months.
The numbers of actives are down. We are seeing our numbers taper off for decreases. We are seeing increase activity in offers and buyers while it is only January. That means March and April possibly will increase from last year or be relatively close. There are home prices as low as $55 a square foot selling within one hour. With this comes good news..........
This year is our bottom. This is the year of buying real estate in Utah! To search for homes go to http://www.utahdave.com
January 10, 2009
Utah rated #1 for population growth..Nevada moved to 8th.
Utah was rated by Forbes to be #1 for population growth!
Utah grew by 68,000 people but has grown at 2.5% year over year.
There were over 40,000 new babies in the state. Utah's own growth accounts for the majority of the growth but we do have in migration.
What it means to Utah Real Estate
What is amazing....Utah has grown while sales of real estate declined to the lowest levels in 13 years. What does this mean? It means a majority of our population was scared to buy a home and are planning on it soon. Our sales can only do one thing...that is increase. We are basically like a 5 year old still living in a 2 year old shoes. We have hit bottom in number in transactions. Many prices will continue to decline especially if interest rates go back up. But with rates in the 4's, we are selling!
January 6, 2009
Top Places in Utah to sell a home right now!
Top Places in Utah to Sell a Home! (Salt Lake County Top Spots)
If you live in one of these areas, you are in a hot spot! While most of the country is doing anything including giving away cars with their home....you can get top dollar for your home! If you are a buyer looking to buy in these areas, yes you may be paying more as you won't have as much negotiation room. But you can count on being able to sell your home if you ever needed to. These areas are Utah's Hot Spots for selling homes right now.
It is possible in any area to sell a home within a month. We have been doing that all year. The timeframe on the areas below represent with the current demand how fast it would take to deplete all the inventory on the market. 4-6 months of inventory represents a normal market. Anything less than 4 months would be a sellers market. Anything over 6 months would represent a buyers market.
1. Sandy Zip 84094 100k-200k Price Range with a 3 Month Time Frame!
Sales History Click Here List of Homes for Sale Click Here
2. SLC Zip 84105 100k-200k Price Range with a 3 Month Time Frame!
Sales History Click Here List of Homes for Sale Click Here
3. SLC Zip 84105 250k-300k Price Range with a 3 Month Time Frame
Sales History Click Here List of Homes for Sale Click Here
4. SLC Zip 84105 200k-250k Price Range with a 3 Month Time Frame
Sales History Click Here List of Homes for Sale Click Here
5. SLC Zip 84103 300-350k Price Range with a 3 Month Time Frame
Sales History Click Here List of Homes for Sale Click Here
To View all zip codes and price ranges in Salt Lake County Click Here
January 1, 2009
Home not selling? Rent it out and move maybe? THINK AGAIN!
Home not selling? You are thinking of renting it out and moving? Think Again!
The way loans used to work don't work that way. That's what I did back in 2001 or so when the market in Utah was depreciating. I just moved out of my home, leased it out and bought a new one.
FannieMae changed their rules though. Cant do that anymore. Why the change? There was something mysterious going on with many buyers this past year. They were upside down in their home, so they moved out, bought a home and left their home behind them. So FNMA changed the rules.
Heres the new rules:
If you move out of your current home and into another, you have to qualify for both payments. (Old days they would let you count the rent..but not anymore.
Not only would you have to qualify for both payments but you would also have to have 6 months of payments in a checking account for reserves for both properties.
The only exception to this rule is if you have 30% equity in the property. Than, they will be more lenient on your reserves and allow rental credit for income.
You can view the rules by clicking here.
To evaluate what you can do with your property go to UtahDave.com and fill out the form here.
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