In fact, duplex sales during the first six months of 2009 are almost non existent despite the fact that rents are up. Only 6 duplexes and 5 fourplexes sold between January and June. Duplex sales were down by nearly 79% compared to last year.  Read Full Story

Half way through 2009 it is clear that demand for Cache Valley Land is way down. For all parcels of land,  sales are down 58.44% compared to the first six months of last year. For residential lots on less than half an acre, land sales are down 42.86%. Prices of the residential lots selling is significantly down as well. The median price of lots less than half an acre sold for $48,950, down 11.4% from last year. Expect land prices to continue to drop. There are curren... Read Full Story

I stumbled on this blog, and it has some great info. If this is passed it will seriously slow down the housing recovery, and thus the overall economic recovery. Something like 25% of Americans are upside down already, do you really think they’ll be able to sell their homes if they also have to throw in an additional $5k to meet required energy efficient standards? It’s one thing if a buyer wants to do it for their own enjoyment and energy savings, but to make it required for every... Read Full Story

For the most part, Salt Lake County saw decreases across the board when comparing the second quarter of 2008 to 2009. A few cities sold more homes this quarter but other than that, numbers have gone down. Overall, the county sold 9% less homes and average sold price went down just over 7%. About 30% less condos sold in the second quarter of 2008. Sold price dropped a few percent but current median listed price is almost $200,000, about 15% more than what condos sold for in 09. Check out ... Read Full Story

2009 is half way over. Home sales in Cache County are clearly down. Over the past six months sales of Cache County Houses are down 25.16% and Condo sales are down 24.56%. Average and median prices of homes are also down. The median sales price dropped by 5% and the average sales price was down 6.73%.One interesting disparity is the difference between home sales more and less than $200,000. While homes priced less than $200,000 were only down 15.54%, home sales for prices above $200... Read Full Story

It looks like the number of Short Sale Homes in Cache Valley are on the rise. There are currently 38 active properties in Cache County listed on the MLS that require bank approval. Just two months ago there were just 25. With 848 active residential homes for sale in Cache County, 1 in every 23 homes for sale requires a short sale. Compared with the rest of Utah, this number is actually very low. Buying Utah short sale homes can sometimes be a great way too get a deal on properties. It c... Read Full Story

Utah Lt. Gov. Herbert eyes boost for housing - Salt Lake Tribune Lt. Gov. Gary Herbert said Tuesday he is considering a second round of state stimulus to the housing market, similar to the $6,000 Home Run Grant incentive to homebuyers that helped generate $376.7 million in home sales in the past three months The specifics of the new stimulus program are still being worked out one possibility the group is considering would be a smaller grant that could be given to more people and coul... Read Full Story

Utah Lt. Gov. Herbert eyes boost for housing – Salt Lake Tribune Lt. Gov. Gary Herbert said Tuesday he is considering a second round of state stimulus to the housing market, similar to the $6,000 Home Run Grant incentive to homebuyers that helped generate $376.7 million in home sales in the past three months The specifics of the new stimulus program are still being worked out one possibility the group is considering would be a smaller grant that could be given to more people and... Read Full Story

The foreclosure pandemic continues widespread across the country.  While various arguments and opinions can be presented as to why the country finds itself with such a high number of foreclosures, the fact still remains that there are a lot of properties undergoing foreclosure filings across our nation.  While this is a problem for many, it is also stands as an opportunity for many real estate investors and homebuyers to obtain great deals on real estate.  A consciousness of th... Read Full Story

According to RealtyTrac.com, Foreclosure Filings in Utah are getting up there with states like Arizona, California, and Florida. During May, Utah Ranked 5th Nationally for foreclosure filings. Up 115% from May of 2008. One out of every 316 homes received some sort of foreclosure notice. Read Full Story