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Salt Lake City Real Estate, Salt Lake City Homes for Sale, Real Estate in Salt Lake City, $8,000 Federal Tax Rebate, Short Sale Help, Salt Lake Realtor, Pre-Foreclosure Assistance, First Time Home Buyer Rebate, SaltLake City MLS , Home Run2 Grant, Utah Military Relocation, Home Solutions in Utah, Search the MLS, Mortgage Calculators, Short Sales in Utah, short sale assistance.
Stop the Pain. Professional Short Sales Assistance available. Please Let us help. If circumstances require that you consider a short sale, then you need the assistance of professional, experienced agent in the short sale process. Call today for a confidential consultation.
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Welcome to my site Linda Bills welcomes you to the Home Solutions in Utah Salt Lake City Real Estate website. Whether you are looking for Salt Lake City Homes for Sale, or if you are looking for a Relocation packet or maybe you need to sell a home in Salt Lake City, Ut or you are a real Estate investor, . . you've come to the right place. This site provides you with valuable information for the Salt Lake City Real Estate market.
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Salt Lake City Real Estate Market and Short Sales
Where did all the Short Sales go?
Short Sales in our Salt Lake City, Utah Real Estate market are less prevalent than they were in April of this year.
There are 7767 homes for sale in the Salt Lake market today, 24% of those are short sales. Compare that to 7635 homes for sale in April of this year when 42% of those were short sales.
The number of short sales that closed in the past 12 months was 20% of the total number of homes sold (11,581) compared to 13% short sales that closed in the 12 months prior to April of this year (11,399).
Read the full article
Salt Lake City Real Estate Market Update
The Good News and the Bad News. Salt Lake City Real Estate Market Update First Quarter 2010. Salt Lake area Home Prices down, number of homes sold up.
HAFA FAQ
New Short Sale Laws
$8,000 Federal Tax Credit can be used for down payment
Two very exciting things that happened this last week.
First : The $8,000 Federal Tax Credit can now be used to as a down payment to purchase your first home.
Second : The Utah Home Run2 Grant is available again.
FREQUENTLY ASKED QUESTIONS ABOUT HOME RUN 2 GRANTS
What is the $4,000 Home Run 2 Grant?
The Home Run 2 Grant is a mortgage assistance program that grants $4,000 to home buyers who wish to:
(A) have a new home constructed,
(B) have a partially-constructed home completed, or
(C) purchase a newly-constructed home. It must be the primary residence of the home buyer. Homes that have been previously occupied do not qualify. FULL STORY
Articles about Real Estate in Salt Lake City
The Devastating Effect that Short Sales Have on Both Buyers and Sellers.
The problem with a short sale is the devastating and emotional effect that this lengthy process can have on both Buyers that are trying to buy a house and Sellers that are trying to sell a house that is going through the Short Sale process.
Currently there are 16,379 homes for sale in our 4 county metro area. 17% of those are short sales. (2,796). Short Sale Options Have Improved - Loan Modification Options
New provisions give some homeowners a second shot at a home-saving loan modification, while other homeowners may now be able to take the short sale escape route from foreclosure. Now, mortgage modifications can include second mortgages -- not just first mortgages -- and cash incentives are sweetening short sale deals, thanks to new efforts by the Obama Administration. FULL STORY - >
Housing Markets, Top Rising and Falling
It's always fun to compare different markets, but this report doesn't mention our Salt Lake City Real Estate Market.
What we're seeing locally, is more homes are being sold, but the prices are still creeping downwards. However, not as much in other Real Estate markets. We don't take the huge increases in good markets and as a result, we also don't take the huge decreases.
Real Estate Outlook: Housing Starts Are Up Again
I'm seeing the same bearish results in the Salt Lake City Real Estate Market. The most bearish of Wall Street economic analysts have made the same point for the past 18 months. There's no recovery or rebound in the housing market, they said, until home builders start building again. But last week the Commerce Department reported an unexpectedly large increase in new single family home starts during May - up by seven and a half percent.
Job loss, divorce, adjustable rate mortgage, credit card debt, death in the family, medical bills...are just a few of the many reasons why homeowners get behind on their mortgages and may be seeking Short Sales help in Utah. The important thing to remember is that the short sale process can be a complicated and overwhelming process. You need someone with the experience and knowledge to make sure that you are able to avoid a Foreclosure in Utah and take advantage of all the options available to you.
Do you want to sell your Utah home and get out from underneath a heavy mortgage, but don't have enough equity in your home to pay commissions and closing cost? I can help! Utah Short Sales. Our professionals have the experience and knowledge to make your Short Sale process go through quickly and as easily and painlessly as possible. The first step is to give us a call.
Home Buyer Tax Credits Could Expand
I'm so excited I have personally seen the positive results from the tax credits being issued by the the government. This is definitely helping the Salt Lake City Utah Real Estate Market.
I read in USA Today about the proposals for improving these tax credits. Here is what they had to say.
First Time Home Buyers Have An Effect on The Real Estate Market
Lower Interest Rates and Federal First Time Home Buyer Rebate
First-time Home buyers accounted for half of all purchases nationally during the first quarter of 2009 as reported by the National Association of Realtors. 134 out of 152 metropolitan statistical areas1 reported lower median existing single-family home prices in comparison with the first quarter of 2008, while 18 metros had price gains.