ARCHIVED BLOG POSTS
2008
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I visited the new model home village for Daybreak North Shore on Friday. Looking around it was clear that Kennecott (the developer) have changed direction from their original plans, with far more high-density cheaper homes on offer. This is reflected in their latest marketing material showing th...
06/30/2008
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The third phase of the Daybreak development is due to open next week. North Shore (named because of its location to the north of the lake) will introduce a new builder, Ivory Homes. There is a Realtor open day on the 26th of June, a Daybreak residence day on the 27th and the grand public opening ...
06/20/2008
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Until recently, if you were in a declining market Fannie Mae would only loan you 90% of a homes purchase price. This made it difficult for first time buyers, who struggled to come up with a 10% down payment. On June 1st this policy was changed, and you can now get a loan for 95% loan-to-value. Th...
06/17/2008
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Last month 848 single family homes were sold in Salt Lake County, that's an increase of 5.47% over the previous months total. The number of homes sold has now increased in each of the last four months, going from 507 in Jan to 848 in May. My question is it too early to say that the market has bo...
06/13/2008
Rents in Salt Lake are sharply increasing. Last year they went up 8.8% and this year they are expected to go up somewhere between 6 and 8%. Our real estate market, while not declining as much as some other areas, is still down approx 10 to 15% from the peak. The reason for the large increases in ...
06/07/2008
