SOLD

SOLD

SOLD THIS MONTH IN WEST JORDAN

Looks like the market is doing well for one of our sellers they have closed and are getting ready to purchase there new home this week.

Would you like to see your house SOLD call 801 450-7165 and let us show you how we can SELL your house!!

Fixed Rate Averages Drop Lower

Fixed Rate Averages Drop Lower

Despite Economic Improvements

Fixed mortgage rates slipped further down, maintaining their near-record low averages despite evidence of an improving economy, according to Freddie Mac’s Primary Mortgage Market Survey.

“The Fed stated that it expects economic growth to remain moderate and then pick up gradually. In addition, it noted that labor market conditions have improved in recent months and it anticipates the unemployment rate will decline gradually,” said Frank Nothaft, VP and chief economist for Freddie Mac.
Nothaft also mentioned the FHFA house price index, which showed a 0.3 percent monthly increase for February, and the S&P/Case-Shiller 20-city indexes, which showed 12 out of 20 metropolitan areas saw monthly gains.

5 signs that it's a good time to sell

5 signs that it's a good time to sell

Why desperate homeowners could find relief this year

By Dian Hymer, Monday, April 23, 2012.

Inman News®

Traditionally, most homes have sold during the spring months. In the current volatile housing market, the time of year is not the most reliable predictor of the best time to sell. Click on the link to read more...

Low-ball Offers a Thing of the Past?

Low-ball Offers a Thing of the Past?
Realty agents say low-ball offers on homes for sale, typically those that are 25% or more below list price, are disappearing in high-demand markets. click on the link to read more...

Tell us what you really think !

Tell us what you really think !

'Want to pick a fight in a roomful of real estate agents? Ask them whether they think open houses are worthwhile.' That's how reporter Mary Umberger kicked off a two-part series for Inman News examining the pros and cons of the time-honored technique of marketing homes for sale.

Today, Inman News is doing just that -- asking agents and brokers whether they hold open houses themselves, how they promote them, what they get out of them, and what they think of the National Association of Realtors' upcoming Nationwide Open House Weekend (click button below to take our survey).

Some agents Umberger talked to said open houses have a low conversion rate -- many who tromp through the featured homes turn out to be curious neighbors. There are better places for agents to focus their marketing efforts, they said, like the Internet and social media.

click here to see more: Where buyers get information about homes for sale

More Builders Offer

More Builders Offer
                 'Home Within a Home'

 

Daily Real Estate News | Thursday, April 19, 2012

As the number of people living in a household expands, builders are responding and tweaking home designs to meet the growing needs of multigenerational households.
In recent years, the number of grown children moving back with their parents and the number of elderly parents moving-in with their adult children is increasing, causing more households to re-evaluate their use of space at home. Analysts say the number of multigenerational households will likely rise even more in the coming years, particularly among ethnic groups like Asians and Hispanics who are more likely to live with extended family.
More builders are debuting floorplans for single-family homes that include “semi-independent suites with separate entries, bathrooms, and kitchenettes,” the Associated Press reports. “Some suites even include their own laundry areas and outdoor patios for additional privacy, though they maintain a connection to the main house through an inside door. “
For example, homebuilder Lennar Corp. has started offering 700-square-foot suites contained in some of its 3,400-square-foot floorplan homes in Las Vegas. Homebuilder Standard Pacific Homes also has rolled out more “casitas,” which are attached to the main house but also offer more independent living.
Source: “The Family That Stays Together,” The Associated Press (April 16, 2012

Prices Up, Inventories Down

Prices Up, Inventories Down
Existing-home sales last month were down slightly but they remain at about a 4.6 million level, as they have since January, so if that level holds for the remainder of the year we could see a strong 2012, NAR Chief Economist Lawrence Yun said at a press conference in Washington today.

The relatively strong performance this first quarter stems from the improving economy, Yun said. But it also has to do with the pent-up demand that’s been building for the last several years. At some point, people doubling up or living with parents will start forming households, as they always do when the population increases, and many of these households will buy. Yun thinks we’re seeing signs of this now.
Along with the relatively high level of sales, inventories are down, which helps on prices, and that’s reflected in the numbers. The national median home price is up more than 2 percent from last year.
It’s possible larger homes are being sold (normal for this time of year), so that could account for some of the price increase. But also distressed sales as a percentage of the market are starting to decline. So, that could be having an impact on prices, too.
All in all, despite the slight dip in volume, the picture looks relatively good going into the spring buying season.