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olutions in Utah | Search the MLS | Mortgage Calculators
Has the Market Stabilized in the Salt Lake Area?
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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Areas We Serve: Utah County Davis County Weber County
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Professional Short Sales Assistance available. |
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$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.