It’s official — on July 2, a law was passed extending the closing date deadline for the Homebuyer Tax Credit Program. As a result, any buyer that signed a Purchase & Sale Agreement by April 30 has until September 30 to close. The real estate market continues to rally — and interest rates on mortgages [...]

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13. Houses: You’re typically able to get better and more features for your dollar when you purchase an older home rather than building new. Older houses were often constructed on bigger corner lots, and you also get architectural variety in your neighborhood if the houses were built or remodeled in different eras. via 21 Things [...]

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ksl.com – Stocks slide after new home sales drop 33 percent. Home prices slide due to the expiration of the first time home buyer tax credit. Apprently it did inflate the number of homes selling over the last 6 months. Interesting time, who would have thought? The big questions is, do you think they will [...]

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Hey I thought I’d run this idea by you because I think its great…   There are a bunch of homes in areas in Salt Lake County (Magna, Rose Park, Kearns, West side Salt Lake, etc) that have a great potential for remodels. The reason they have great potential is because the homes are pretty [...]

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UPDATE 1-Senate votes to extend US home tax credit deadline | Reuters. Well, lucky for all those that waited. Check out this interesting article about extending the Housing Tax Credit.. BONDS |  GLOBAL MARKETS June 16 (Reuters) – The U.S. Senate voted on Wednesday to give homebuyers another three months to settle on their contracts and [...]

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Here are a few items for you to read about the First Time Homebuyer Credit as it applies to married couples: An article from CBS Money Watch is attached. I have highlighted the critical section. The $6,500 they are referring to is the so called ”Move Up” credit. More details about that credit can be [...]

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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 [...]

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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 [...]

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Huntsman family acquires Sothebys real estate franchise – Salt Lake Tribune. Huntsman Family acquires Sotheby’s Franchise in Idaho and Wyoming. The luxury Real Estate Brad of Sotheby’s international has a new owner.. The Hunstman Family.. Many in the Salt Lake Valley are familiar with the household name of the Huntsman’s.. Interestingly, the Hunstman Family has [...]

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Foreclosures Hit Rich and Famous – WSJ.com. So I thought to follow up with my earlier post today about Luxury Yachts, You all would enjoy to know even the Rich and Famous are suffering through this down Turn. Apparently they can no longer afford the 20,000 sq. ft. mansions they call their 3rd homes! The [...]

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