Red Iguana 2 opens for business, Salt Lake City Best Mexican Food

ksl.com – Red Iguana 2 opens for business.

So all of the true locals know about this place, and if you don’t now you do. The Red Iguana is one of those local restaurants you have to find in any city you are in.. It is the best, and you will love it..

I am really excited to hear that they finally are opening another location, and they are staying true to their identity by staying in the Rose Park area. I think that is a great idea, and a boost to the local scene in the area..

3rd Quarter Market Statistics

dumbest-moments-in-business- The reason our economy is in the Toilet

dumbest-moments-in-business-2009: Personal Finance News from Yahoo! Finance.

So I always enjoy a good laugh. And when I got in to my office this morning, I found this article. Now, to be honest I am not sure if it would be wise to laugh or cry. Here’s my logic. Now on the surface of this article, I find it hysterical that so many powerful companies and people made such huge blunders this year. I find it even more funny the fact that it is published in the media. However, these are the companies and individuals that are at the helm of the largest economy of the world???????? At least Utah Realestate is not full of idiots like this? Or is it..

On another note, I just picked up my ski’s this morning. I had them tuned for the season.. Maybe I should just go hit the slopes of wonderful Utah and forget about all of this economy crap until after New Years?? Idea?

Snow Report for Utah Ski Resorts

City Center – Capital of the New World, oh you have to love over indulgence..

City Center – Capital of the New World.

So in a world where our economy is in the toilet. You have to love those individuals that seem to still need the ultimate luxury and over indulgence that only the rich and famous could possibly justify. But then again, I guess I could just charge it all on my American Express right??

Oh wait those days are over, no more HELOC’s and living off of your credit card. What is the new Las Vegas City Center going to do..

Interest Rates will rise in 2010. Tax incentives will end.

Federal Recession Aid — Get It While You Can – WSJ.com.

Ready this article in the link above. I think this is spot on. The article is basically explaining how the tax incentives will end in March. When they do end, rates will most likely rise. The million dollar question is, “How Much???” The article goes a little further explaining how much lower the current interest rate is due to the govt. backed incentives.. What does that mean? Well it means when the Govt. incentives run out, interest rates will have to catch back up to where they should be.. Which right now they are saying is about three quarters of a percent.

In a nut shell for all you fence sitters. This article is telling you that the fed is planning on raising interest rates by a full percentage point by the summer.. What does that do to your mortgage? Do the math on $250,000 mortgage, it means an additional $150 a month.. Enjoy.. Everyone in the Utah Realestate market, should take advantage of all these govt. incentives and act while our lovely utah realestate market is at one of the lowest points it has ever seen. Now forget all that, buy while interest rates are lower………

Christmas Cartoon.. Thought you all could enjoy a good laugh..

I found this, and thought it was funny. In the spirit of Christmas I will try and post a few good one’s over the next couple days leading up to Christmas.. I hope you all have a wonderful Holiday season. This is a time to be grateful for what we have. I have been thinking a lot about what I have in my life. A loving wife, a great business, friends that care about me. And a family support system that has never failed. I am thankful for all I have this Christmas season. I hope you and your family have a wonderful Christmas.. Oh don’t worry, I will keep posting great info about the current Utah Realestate market..

the-biggest-real-estate-flops-of-2009: Personal Finance News from Yahoo! Finance

the-biggest-real-estate-flops-of-2009: Personal Finance News from Yahoo! Finance.

Well I had to laugh when I read this article. Just when you think you have it bad, the rich and famous are taking it even harder:) don’t feel bad for them? Yea either do I.. This makes me thing that the Utah Realestate market hasn’t been hit as hard as maybe some think??? Well the one thing I agree whole heartedly is that the luxury market has gone away. I am sure there are a few home here in the Utah Realestate realm that would fall under the ridiculous luxury this article talks about.. Maybe I should try and find a few so you all can see. I am sure I can find some up in Park City that would meet those terms..

Obama pressing bank to ease up on lending guidelines..

Obama urges banks to find ways to increase lending – Yahoo! News.

Well, this is a positive turn. I am glad to see Obama is trying to push banks to actually lend money. I do think that is essential to maintaining or spurring our recovery.. Do I think this will have an effect on Utah Realestate? I think the Utah Realestate market would benefit from the banking industry loosening their grip on their money.. I think it is very important to keep their guidelines on who they loan money to in check, but if someone is qualified and can prove it “give them the money.” I am so tired of genuinely qualified individuals not being able to get a loan. One of these days banks will realize they are not making any money, because they are not lending it out.. What an idea?

If You Dont Buy a House Now, Youre Stupid or Broke – Utah Realestate

If You Dont Buy a House Now, Youre Stupid or Broke – BusinessWeek.

Well here is another update for Utah Realestate…To be honest I saw this article and just had to laugh. The title of the article alone I thought was hilarious. Now do I agree with the article? Yes! I think it makes a lot of great points. How do I think this applies to the Utah Realestate market? Well, I think it is a perfect portrayal of what is happening in Utah’s local economy..

So the consensus? If you are looking for a home in the Utah Realestate market please give me a call…Enjoy the article!!!

Freddie Mac 2009 Market Recap… Real Estate Market from the Freddie Mac Perspective.

I found this PDF that was just released by Freddie Mac showing the current market conditions. It is very comprehensive and through in it’s research. It goes over the effect freddie Mac is having on the market. And then it also dives into current real estate market conditions. Considering what is actually going on, this would be a good idea to look at to try and gain a national perspective. Now, I always throw out the warning.. Real Estate Markets are on a local economy of scale. Meaning it is impossible to implicate that national statistics are specific to your local market. Guaranteed that is not the case. However, this article will Help you understand what is happening, and what has happened to prevent another GREAT DEPRESSION..

FREDDIE MAC MARKET REVIEW

If you have any questions regarding this post please feel free to drop me a line. I just barely got my hands on it as well, so I am taking my time going through it.