After months and months of complaining that the time required for short sales is too long, it looks like change has actually happened. According to the Campbell study, the average time short sales are on the market during July was 15.8 weeks. this is down nearly 5 weeks compared with February when the average short [...]
Continue reading about Good News, The Average Time for Short Sale Approval Is Down | Short Sales
Well, the mortgage interest news is the same as it’s been every week for the last few months. Interest rates are down, again. According to the latest Primary Mortgage Market Survey the averaged 30 year fixed mortgage rate dropped .06% to just 4.34%. The 15 year fixed mortgage hit a new low with an average [...]
Continue reading about Mortgage Rates Down, Again – But When Are They Going Up?
The standard news for Mortage Interest Rates, they’re down again. Because they keep going down every week, are people waiting to refinance until they drop further? Will we possibly see an increase in refinances the moment interest rates start going up? Probably not. Most people who can refinance right now and would benefit by it [...]
Continue reading about Mortgage Interest Rates Go Down, Again
The Logan Utah Real Estate market saw a huge drop in home sales activity following the expiration of the tax credit. Now we are starting to see things improve a little bit. The number of homes for sale, has gone down, and the number of homes under contract has gone up. Two weeks ago there [...]
The number of homes listed as short sales has risen in Logan over the past month. While the total number of Cache County real estate listings is nearly identical to a month ago, the percentage of these homes requiring bank approval has increased. 4.75 percent of the listed homes in Cache Valley are short sales. [...]
Continue reading about Logan Utah Real Estate Market Conditions: Short Sale Numbers Up in Logan
So the latest results from the weekly Freddy Mac Survey show that mortgage interest rates are at new all time lows again. The only difference is that now demand for these record low interest rates is even less. The good news is that less demand means that these lower than ever mortgage rates will probably [...]
Continue reading about 30 Year Fixed 4.44% – 15 Year 3.92%. All Time Lows. But Demand Is Down…
We all know that Logan is One of the Safest Communities in the Nation, well, as of today, it is even safer. There is now a functioning traffic light at the dangerous intersection of 100 W and Highway 89/91 by the South End Walmart. For most people, this probably isn’t blog worthy news at all. [...]
Those who read my blog regularly know that Cache County Home sales were way down last month. I decide to run a little comparison, to see how this years Logan Real Estate sales compare with the average over the previous five years. Here are the results: Overall, home sales are down, but were down just [...]
Continue reading about Logan Real Estate 2010 Home Sales Comparison With Past Years Sales
