RECENT BLOG POSTS
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3 Pounds Of Real Estate Is my Real Estate blog, so I thought I would share my Thanksgiving based on the real estate part of my life.I feel so blessed to be a part of Keller Williams Realty. The leadership of this company is so generous and cares so much about the agent's welfare that the consumer...
11/23/2007
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Click Photo For BioI had the great pleasure of seeing Salt Lake County Mayor Peter Corroon talk at our company's quarterly meeting. Just like the counties web site says "You might be surprised at the number of services we provide. Take a look around SLCo.org to learn more about current events, co...
11/17/2007
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The new "FHASecure Progam" may be coming out soon according to my Wells Fargo Bank Lender Reps reports that I have been receiving this week.This will be a benefit to those who have adjustable ARM mortgages that are not currently an FHA loan and the interest rate has adjusted. If your interest rat...
11/16/2007
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This graph tells some good things, the number of listings, number of sales and the average home sales for Salt Lake County by quarters. Number of listings shown by the green line has maintained a pretty consistent with seasonal ups and downs, till 3rd quarter of ‘06, then the inventory started t...
11/15/2007
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Here is the absorption rate for Salt Lake County. We have segments that are not moving.To understand the Absorption rate, you simply divided the number of active listings by the number of homes that have sold in the previous month.The key is, the ones that are priced right are selling and the re...
11/14/2007
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Cap RateWe hear many different ways to evaluate rental property. The one method that is the most effective is called the Capitalization Rate, affectionately called the Cap Rate.I have heard many variations of the cap rate, things like 100 times the rent. That is called the rent multiplier, takes ...
11/11/2007
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Is the Salt Lake Real Estate Market Good Or Bad? The answer is Yes.I figured since people insist on getting their Real Estate News from TV Reporters I figure I might as well stop fighting it and give it to them that way. So this morning my daughter and I had fun making me a TV Reporter.Well ther...
11/10/2007
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The Federal government lowered Prime interest rates to 4.5%. This is an interest rate that is directly related with 2nd mortgages, car loans, credit cards etc.There is talk of another decrease next month that will lower prime to 4.25%. A lot of people do get confused and think that is the rates f...
11/09/2007
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We all have the tools to allow buyer's to get updates of new listings either when they come on the market or at leas on a daily basis. I know in my MLS it is called the Auto Hotsheet. It will send new listings or if any property went under contract, closed, expired or whatever. So why not set the...
11/06/2007
Run Don't Walk To Magna The Last Affordable Frontier In Salt Lake CountyMagna is located right off of highway 201 and you can be down town Salt Lake City in 15 minutes and to the airport in 10 minutes easy.Magna is little town that is different than most Salt Lake City Suburbs. Magna has some rea...
11/05/2007