Stocks rise after pending home sales top forecasts

ksl.com – Stocks rise after pending home sales top forecasts.

So some good news, the stock market is reacting to the good news in the Real Estate market. I hve a hard time keeping the good/bad real estate news straight. It really doesn’t make sense to me sometimes.. And I am a local Real Estate Broker in Salt Lake City UTAH.. Real Estate is so volatile, just like every other aspect of the financial world we find ourselves in. Who’s to say its good or bad. The fact of the matter is, I am busier right now then I ever have been. Now, what do I think is going to happen in the coming months. Well bottom line, interest rates are at an all time low. Which I am amazed at, affordable housing I think has hit its bottom in Utah anyway.. However, the upper end homes along the wasatch front? That is a completely different beast. I think current owners of those types of properties are chasing the market down. They will see another 10% drop in home prices.. People just can’t afford those types of homes. So get ready for anoher roller coaster, becasue it is coming fast..

Facebook | Body Paintings & Photography by Renee Lee and Todd Keith

Facebook | Body Paintings & Photography by Renee Lee and Todd Keith.

I think everyone should check this out.. Some local artists from Salt Lake City, UTAH.. I think it is really important to support local artists, so if you can make it stop by.. You will be amazed at the talent..

Tax credits fuel 6 pct. rise in April home sales – Yahoo! News

Tax credits fuel 6 pct. rise in April home sales – Yahoo! News.

Some interesting articles have been coming out about an increase in home sales.. You know many people in the industry are having mixed feelings about what is to come in the coming months? I have heard in Salt Lake City UTAH, some people are talking about another 10 percent drop in Real Estate prices. Now that is in the upper priced properties, but wow that will be a shock if that happens..

Thoughts

Bank REPO’s in UTAH