Home sales along the Wasatch Front were up by 6% comparing March to February of this year. We still have interest rates under 6% on 30 year fixed rate loans and all kinds of reports across the country touting the Utah real estate market as among the best in the nation. I heard yesterday from a very good source that the Las Vegas market is making a big comeback and I think that will have a positive effect on our market.
I have a very good starter home in north east Orem with 3 bedrooms and 2 baths and over 2000 square feet for $194,911. This home has a fully finished basement with a large "L" shaped family room with wood burning stove and a secluded yard. Also a 1 car carport with parking on the side. If you know of someone looking, have them call J.B. at 801-319-4141.
Here's another piece of real estate news I found to be very interesting:
Salt Lake is the third-best city for selling a house, says a new Forbes analysis. In its “Best Cities for Home Sellers” report, Forbes said that high job growth combined with declining inventory and a sharp drop in new construction — “despite not having an overwhelming inventory glut” — make Salt Lake City a good market for sellers. Other top markets for sellers include San Jose (No. 1) and San Francisco (No. 2). The report’s findings come from a study of the country’s 40 largest metro areas that analyzed unsold vacancy rates, construction starts, job growth and the degree to which the new conforming loan limits would affect financing availability in the city.
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