Utah Real Estate Survival Guide

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Archive for the tag “Report”

2011 Salt Lake Housing Forecast Breakfast

Please let me know, by January 5th, if you would like to join me! I have four extra tickets available for non-Realtor® guests. If you’re thinking about buying or selling a home, this event would provide much more relevant, decision making information than the news you get from any of the national media outlets. All real estate is local, and this is OUR local housing report.

(Salt Lake Realtors) BOARD OF DIRECTORS MESSAGE

… 2011 Salt Lake Housing Forecast Breakfast on Tuesday, Jan. 11 at 8 a.m. at the Little America Hotel in downtown Salt Lake City.

This year Lawrence Yun, chief economist for the National Association of REALTORS, will speak on recent developments in the housing market and the direction home prices are headed in the next 12 to 24 months.

In addition, a housing forecast by James Wood, director of the University of Utah’s Bureau of Economic and Business Research, will be distributed. This report will offer a glimpse of what is in store for Salt Lake County in 2011.

Seating is limited. The deadline to register is Wednesday, Jan. 5. Members are free. $25 for guests.

CNBC’s How’s Housing? Report

The news contained in this report is simply that 2011 will continue to be a strong buyer’s market. Sellers who have been holding off listing their homes for sale, anticipating real estate values to recover, are going to have to wait at least 12 – 18 more months to see any improvement. It is NOT going to happen this spring.

This is not necessarily bad news. If a seller is also looking to buy a home, then they should be able to take advantage of home prices comparable to those in 1997. Interest rates are still at or below 5%. Two historic conditions that may not present themselves again.

This is the time for savvy home owners, current or new, to take advantage of unprecedented opportunity in the housing market.

Click here to watch the How’s Housing? Video
Posted to: Mortgage and Real Estate Video News
Wednesday, December 22, 2010 10:08 AM
Discussing the state of the housing market and the impact rising interest rates are having on the housing inventory, with CNBC’s Diana Olick.

Layton Real Estate Sales Snapshot 2009 vs 2010

October 2010 vs 2009: total number of homes sold in Layton down 32%, but price per square foot only down 7.5% … somewhat of a silver lining in the continuing storm cloud. November’s numbers are trending downward, however.
SalesPerMonth Report Explanation
This report shows sold property data for the search criteria in each month for the selected years back.
This is a description for each column header
Month – month for data
Count – numbers of homes sold for the month
Volume – total of sales prices
Med/avg OL – Original List Price – Original price based on CDOM
Med/avg Sold Price – Sale price (not adjusted for concessions)
Ratio of Med/avg SP to Original Price – Ratio as percent
Median/Avg Sq footage – total square footage
Median/Avg Price/sq. foot – Sale price per sq. footage
Median/Avg Beds – calculated using total beds
Median/Avg Baths – calculated using total baths
Median/Avg CDOM – Cumulative Days on Market

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