Owner: Logan Utah Real Estate URL:http://loganrealestate.blogspot.com Join Date: Thu, 25 Sep 2008 14:12:24 -0500 Rating:0 Site Description: Happenings in the Logan Utah REal Estate Market. Changes in housing conditions, mortgage rates, and market trends. Site statistics:Click here
Mortgage Rates Volatile, but Good 2008-09-17 13:34:00 According to Brad White of Northern Utah Mortgage
and Loan, Mortgage rates are doing some interesting things with the varying economic news. WOW! Hold on! This has been as volatile a few days that I have seen for years. Monday rates were great, Tuesday started to come back too where they have been and today they are settling pretty close to last weeks rates!Currently 30 year fixed Mortgages ca Read more:Rates
, Volatile
, Mortgage Rates
30 Year Fixed Mortgage Rate below 6% 2008-09-08 12:16:00 The mortgage rate update report from Brad White of Northern Utah Mortgage
has 30 year fixed mortgage at less than 6%. They haven't been this low in a while. It may be a good time to make that offer on the home you've been thinking about buying. 15 year fixed mortgage rates were even lower at 5.5%. Read more:Fixed
August Market Update 2008-09-02 11:42:00 The Logan Real Estate Market
doesn't look like it will be fully recovered this year. August
homes were really pretty dismal compared too the last two years. So far only 100 residential homes have been reported as sold in Cache County (this number will go up a little as some lazy Realtors probably have not yet reported their end of month home sales). This puts August sales down nearly 30% from las Read more:Update
Mortage Rates and Housing Inventory Update 2008-08-25 13:06:00 Well HousingInventory
in Cache Valley Utah has stayed pretty stable over the past month. There are currently 671 single family home listings and 767 total MLS listings. This is almost identical to where it was a month ago. The number of listings on the market historically goes down at the end of summer as this is when the highest percentage of homes sell. If this housing inventory doesn't reduce, Read more:Rates
, Update
July Home Sales Numbers Up 2008-08-05 12:49:00 Home sales in Cache County were up compared to June, and only down 10% compared to July of last year. 109 single family homes were sold this July in Cache County. The average price of these homes was just under $200,000 at $199,031. There were also 12 condos sold in Cache County, down from 19 sold last July.Currently there are 672 single family home listings, 77 condos for sale, and 41 multi famil Read more:Sales
, Numbers
7,500 Tax Credit for First Time Buyers is Official 2008-07-30 22:56:00 It's official. First
time home buyers who make less than $150,000 annually ($75,000 if single) qualify for a $7,500 tax credit if they purchase a home by the end of June next year. President Bush passed the Housing and Economic Recovery Act of 2008 today. This winter will be the a great time for first time buyers in Logan. There is lots of selection, many motivated sellers willing to accept low of Read more:Buyers
, Official
Homes less than $160,000 are selling, expensive homes are not. 2008-07-22 15:39:00 The number of active listings of homes for sale in Cache County appears to finally be going down. More homes are finally selling
than new new listings are being taken. Right now there are 763 active residential listings on the MLS. While the number of listings is dropping, certain price ranges are selling better than others. A good portion of homes currently on the market will not sell this year.
Hot new Logan Deal 2008-07-17 12:26:00 This is a clean house in great condition. It has new flooring and blinds. At only $65 a square foot this Logan
Home it is a deal.
Update of Mortgage Interest Rates 2008-07-15 14:29:00 Another week! The fed made our job pretty interesting yesterday! To say the least rates have been pretty volatile the last couple of days, but it looks like they are staying pretty steady as of this morning, that could change so just give us a call!Fixed Rates
30 Year: 6.12515 Year: 5.875Brad WhiteNorthern Utah Mortgage
The Fed approved a plan Monday that would crack down on dubious lending pract Read more:Update
, Interest
June Sales Numbers Surprisingly Down 2008-07-08 14:30:00 June is traditionally one of the strongest selling months for Cache Valley Real Estate. This year, June Sales
were actually down 36%. Only 91 single family homes and condos were sold. Is this just a fluke month, or is it a sign of things to come?Up until this point Cache County home sales were among the strongest in the state. While home sales were down from last year, they were down less than 15% Read more:Numbers
Cache County 2008 Average Sold Price $200,455 2008-06-28 17:23:00 2008 is half way over. The average price of sold homes is actually up 3.5% compared to the first six months of '07. So far the real estate market in Cache County
was a little slower than it was last year as just 470 homes were sold compared to 588 homes sold January-June of last year.The median sold price so far this year is $179,375. Home prices are not actually up, just the average price of home Read more:Average
Senate to pass $300 Billion Foreclosure Bailout? 2008-06-25 15:30:00 The senate is pretty close to passing a $300 billion bailout for homeowners in foreclosure. In essence, this bill would use FHA, HUD money to back up "bad" loans that will result in foreclosure. This bill would cost every US resident (man, women, child, retired, etc.) approximately $1,000 per person to help pay for the losses incurred by banks who loaned money to people who couldn't afford the mor Read more:Senate
, Foreclosure
Active Listings in Logan Keep Rising 2008-06-18 16:59:00 July and August are typically the best selling months for real estate in Logan
. While these are the top selling months, June usually is one of the top months for getting homes under contract. There is a good number of homes for sale that are going under contract, but the number of active listings in Cache County continue to rise. If, this continues through July, we may be in for a market slowdown Read more:Active
, Rising
Logan Real Estate Sales for May '08 2008-06-04 14:38:00 Currently there are 700 single family homes and condos for sale in Cache County. This doesn't include manufactured homes or Cache County Land listings.Unofficially, there were 109 MLS homes reported sold in May. The average price of these homes was $187,197. The 109 listings sold is the highest sales total for 2008 thus far. The 2008 May sales total is down 14% compared to last years may sales tot Read more:Sales
, Logan
, Estate
Northern Utah Price Appreciation 2008-05-31 18:06:00 It's interesting to look at the trends in price appreciation to determine what will happen in the future. When areas appreciate too fast, primarily because of investment speculation and artificial demand, prices do need to come back down to recover. The good news for Logan Real Estate is that real estate here didn't appreciate nearly as fast as it did in the more struggling parts of Utah like Salt Read more:Northern
Are there too many homes for sale in Logan? 2008-05-19 11:28:00 The number of active homes on the Logan
Utah Real Estate market is the most I've seen since I've been in Real Estate, and home sales have been relatively slow.The question is, are there too many homes for sale in Cache County? If there is too much inventory, home prices will have to come down in order to sell. This graph shows the number of new listings, and the number of homes sold by month for h
Fannie Mae will treat Logan Differently 2008-05-16 10:43:00 I usually don’t send out economic news at this time of week, but I thought I would make this exception as I felt this was very pertinent news. According to this commentary, Fannie Mae will not put every market in the country into the same box, but will review each sale on it’s own merit. This is good for Utah and more specifically Cache Valley! As noted, high FICO scores will weigh more in Read more:Logan
, treat
Weekly Mortgage Rates 2008-05-05 16:58:00 Here is the Weekly
update on mortgage rates by Brad White at Northern Utah Mortgage
:15 Year Fixed: 5.5%30 Year Fixed: 5.875%Rural Housing, No Money Down: 6%It looks like rates are declining a little. Great news for buying Real Estate in Logan Utah as the Weather in Logan is finally starting to look better. Read more:Rates
Logan Home Sales Numbers April 2008 2008-05-02 16:11:00 It's hard to believe that May is already here. The weather sure doesn't think so.Compared to 2007 numbers Cache County April
Home Sales
were down about 25%, but the average price of April Homes sold was up about 15% to an average sold price of $219,150. This was the highest average monthly sold price ever recorded in Cache County. There are currently 569 single family homes, and 43 Condos on the Read more:Numbers
, Logan
Mortgage Rates Drop Slightly 2008-05-02 16:07:00 As far as rates, it’s really a volatile time, it seems rates don’t know where to land. 30 Year Fixed: 5.87515 Year Fixed: 5.5Rural Housing 100% Financing: 6%Brad White,Northern Utah Mortgage Read more:Rates
, Mortgage Rates
Weekly Mortgage Rates April 21st 2008-04-21 10:35:00 Rates appear to be on a slight upward trend. Get qualified and LOCKED as soon as we can! Weather doesn’t quite look like it, but spring is here and with it, buyer’s are out!! Brad WhiteNorthern Utah Mortgage
and Loan30 Year Fixed - 6%15 Year Fixed - 5.875%Rural Housing - 6.125%75/20 No mortgage insurance 7.625%/10.25% Read more:Rates
, Weekly
, April
Weekly Mortgage Rates 2008-04-15 18:22:00 Here are the weekly mortgage rates reported by Brad White of Northern Utah Mortgage
and Loan15 Year Fixed5.375%30 Year Fixed5.625%Rural Housing 100% Financing, Can work in Rural Areas of Cache County. 5.75%Interest rates are great when you have money to put down. They're a little harder to get now without at least a 5% down payment. Read more:Rates
, Weekly
Logan Welcomes Cornerstone Real Estate Professionals 2008-04-10 20:28:00 A new real estate brokerage has entered Cache Valley, Cornerstone Real Estate
Professionals. The offices of Cornerstone Real Estate Professionals are conveniently located on the south end of Logan
by the Logan River Golf Course.Cornerstone is a full service real estate brokerage that only hires high quality, dedicated, professional real estate agents. Cornerstone Real Estate also uses the most inn
Home Sales Graph for first Quarter 2008 2008-03-31 14:49:00 Cache Valley home sales started 2008 with a great January, a slower february, and now a sluggish March. In all, it looks like home sales will be down about 20% from their 2007 numbers. The average price of homes sold is also down slightly from 2007 first quarter numbers of $198,542 and 2008 average single family sold price of about $194,000. See more Logan Home Sale Graph
s Read more:Sales
September 2008 Home Sales Numbers 2008-10-10 15:58:00 Ninety-Nine residential homes were reported sold on the Wasatch Front MLS for September
in Cache County. This is three more homes than were sold in September of last year. The average price of these homes was $187,158, and the median price was just $162,000. Currently Cache County has 768 active residential homes for sale. These properties have a median list price at $210,000 and an average list p Read more:Sales
, Numbers
Cache County Home Sales Stats 2008-10-07 12:40:00 This shows the comparison between average home prices in Cache County
for the last thre years. Overall, the average price of homes clearly rose in 2007. The numbers between 2007 and 2008 show that Cache County Real Estate has remained fairly stable.This graph shows the comparison between home sales numbers last year vs. this year. Through 9 months home sales are down 18% compared too last year. In Read more:Sales
, Stats
Preforeclosure: Below Market Value 2008-10-01 18:23:00 This house is a deal. It was under contract but the sale failed. Bank has approved a short sale amount of $139,000. Great starter or retirement house. Read more:Below
, Market
, Value
Open Houses: November 1st 2008. 2008-10-29 16:19:00 Cache Valley Open Houses
: November
1st, 2008Cornerstone Real Estate is having a power open house on Saturday November 1st. The majority of the homes will be open between 10:00 and 12:00. These houses are priced between $123,000 and $469,000. These homes come in a variety of styles and are located from Clarkston to Wellsville. For more information visit: Cache Valley Open Houses
Why the Economy and Housing Market are Stumbling 2008-10-19 21:43:00 This video is obviously politically driven, and I don't know exactly how accurate the accusations are, but all in all it sums up exactly why the HousingMarket
and Economy we're in are in such bad shape.Burning Down the House - Our Economic Crisis | Funny Jokes at JibJab
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