While the housing market in Cache County is doing pretty well, Cache County Land is far from recovery. For residential lots less than an acre, we are looking at more than three YEARS of active inventory. The prices of these Cache County properties still need to come down by about 15-30%. Here is a break [...]
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The FHA is making some changes to FHA loan requirements. Among these are higher required down payments for people with poor credit, and increased upfront mortgage insurance premiums.
Continue reading about FHA Home Loan Upfront Mortgage Insurance to Rise
There has been a large loss in the number of construction jobs for the Logan Utah Metro.
The number of short sale homes in Cache County Utah has remained pretty constant since October. Currently there are 47 homes for sale in Cache County that require “short sale” bank approval. This is the same amount of short sale homes as were on the market last month. Percentage wise, the number of short sale [...]
Continue reading about Logan Short Sales about the Same as Last Month
Here is a really good article on why interest rates, including mortgage interest rates will begin rising next year. Essentially, the demand for US treasury bonds is drastically dropping. The two primary sources of demand for Treasury Bonds have been China, and artificial purchases by the federal government with the specific purpose to keep interest [...]
