Here is the updated Layton market snapshot report for the most recent quarter. We are starting to distance ourselves from the frozen credit markets we experienced in the fourth quarter of 2008 and after the first of the year. However, the local real estate market is still a bit sluggish. We are n
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05/04/2009
Well we finished a rather interesting first quarter (how’s that for a euphemism?). My current Farmington market snapshot report for the most recent quarter is included for your review. We are starting to distance ourselves from the frozen credit markets and corresponding near screeching halt in t
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04/29/2009
As I was doing some research for a potential listing client, I identified some interesting trends in the data I was compiling causing me to rethink the conventional wisdom related to short sale and REO (bank foreclosure) activity. Conventional thinking suggests the declining home prices are a res
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03/20/2009
With all of the turmoil in the housing and mortgage industry, it could get pretty easy to feel a bit down. But then, I realize I don't work for CNBC and suddenly things don't look so bad. Caution: some language is used (although bleeped out) which may upset some people..... The Daily Show With
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03/05/2009
There is a provision in the current administration's budget proposal that makes what could be a relatively significant change in the tax treatment of mortgage interest on primary residences. The preliminary reviews suggest that a faith out of mortgage interest deductibility would occur for famili
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02/27/2009
Many of us here in Farmington know of and have seen the activities taking place with the Station Park development across from the commuter rail station. Many are also aware that the project has slowed somewhat due to the national and local economic slowdown. I had an opportunity to visit briefly
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02/21/2009
When you do something for a living on a day-to-day basis is easy to become somewhat myopic in terms of what you see going on around you. It really doesn't matter if you're a surgeon, a plumber, an accountant, an attorney, a mechanic, or a real estate agent . In my line of work there's been a lot
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02/20/2009
Jeff Corbett of ActiveRain did a great blog post regarding the basic concepts behind the administration's mortgage recovery plan. I thought it did a good job of hitting the highlights and providing an idea of the scope of the issue. At the end of the post he provides a list of the banking/lendi
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02/19/2009
I like to review stock market investment information as I find it has many corollaries to the real esate market. I came across this article from the The Motley Fool (good investment site BTW). It focuses on the issues facing the national banking system. We have all seen numerous blog posts disc
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02/17/2009
Working with buyers in the current market (or any market for that matter), it is always interesting to watch the decision-making process move forward. Lately I have seen a tendency toward wanting to get the "best deal." As a consumer myself, I do like to obtain the best deal however, I'm willing
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02/16/2009