Alan Barker on April 29th, 2010

I am always trying to stay on top of the national real estate news, and right now the big subject of topic is with Foreclosures and “Shadow Inventory.” Shadow inventory is essentially default homes that will eventually foreclose. Many national economists and housing experts are predicting that the foreclosure problem is only going to get [...]

Continue reading about Logan Utah Foreclosure Rate Looks Pretty Good

Alan Barker on April 29th, 2010

Logan Real Estate is busy right now. With the expiration of the home buyer tax credits, buyers and real estate agents are rushing to get things done. While there hasn’t necessarily been a huge number of closings in the last week, there has been a very large number of homes go under contract. On Monday [...]

Continue reading about Logan Utah Real Estate Activity Booming

Yesterday I got my normal new listing email telling me that there were 12 new home listings in Cache County Utah on Sunday. That is a ton of listings for Cache County standards, especially for a Sunday. Well it turns out that 11 of these homes for sale were brand new construction homes, and all [...]

Continue reading about Phantom Home Listings in North Logan are Messing Up My Market Stats

Alan Barker on April 26th, 2010

If you haven’t looked at the calendar lately, you might not be aware that May begins this week. The beginning of May also means that the Federal Home Buying tax credits expire. Technically, it’s still not too late to buy a home and take advantage of this government provided cash, but if you haven’t started [...]

Continue reading about Tax Credit Expires THIS WEEK!

Alan Barker on April 26th, 2010

There was a new home listed in Hyrum on Saturday that looks to be an incredible deal. It’s not my listing, it’s not even a Cornerstone Real Estate listing, I’ve never actually seen it before, it’s simply a house that looks to have an incredible price. It’s a short sale in Hyrum, and there’s a [...]

Continue reading about Hot Home Deal of New Listing in Hyrum – $85,000.

Alan Barker on April 23rd, 2010

As real estate agents, we often get asked about HUD Homes. There is a lot of misunderstanding of what HUD homes are, but people usually know that HUD homes have something to do with foreclosures, and think they are some kind of special deal. Well people that think this, are mostly correct. HUD Homes are [...]

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Alan Barker on April 22nd, 2010

Despite the end of the Federal Reserve’s purchase of Mortgage Backed Securities at the end of March, mortgage interest rates are still really low. John Neil of Wasatch Mortgage Solutions reports current 30 year interest rates at below 5%. Many finance “experts” predicted that at the beginning of April there would be a large spike [...]

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We all know that the expiration of the home buyer tax credits expire at the end of the month. To qualify for this tax credit, homes need to be under contract by the end of the month. But what about for short sale homes? About 18% of the homes for sale in Northern Utah right [...]

Continue reading about Can You Still Get The Federal Tax Credit if The Home Under Contract is a "Short Sale"?

Alan Barker on April 20th, 2010

Real Estate in Cache Valley is really busy right now. There are many buyers taking the steps to buy a home before the expiration of the home buyer tax credit at the end of the month. We should be seeing an increase in the number of homes that are going under contract, which we are, [...]

Continue reading about Surge of New Listings in Cache Valley

This morning as I was going through the new listings in Cache Valley, I noticed that two of the new homes for sale in Wellsville, were Ultra High end homes.  I know that sales of existing large expensive homes is few and far between, but I didn’t realize just how bad it was until I [...]

Continue reading about Sad News for Sellers of "Ultra High End Homes" in Cache Valley