Real Estate is usually looked at as a long term investment. Monthly payments on a mortgage loan are typically more than what rent payments would be. With interest rates at current all time lows, this is not the case in many areas. Right now, interest rates for 30 year fixed mortgages can be obtained for [...]
Continue reading about Monthly Payments For Ownership Might Be Cheaper than Rent
Not only are there way too many big homes on the market, but there is now far less desire for people to ever own a Logan Luxury Home. A recent survey conducted by Trulia recently shows that American’s attitudes towards home ownership, and the size of homes they desire to own has drastically changed over [...]
Continue reading about More Bad News for Owners of “Big Homes”
Most borrowers, especially first time buyers, are getting their financing via FHA home loans. There were some recent changes that increased the up front mortgage insurance amount when buying a home with a FHA loan. Now, those upfront payments will be reduced, but the monthly premium will be increased. The record breaking number of foreclosures [...]
Continue reading about FHA Mortgage Monthly Payments Will Be More September 7th
The Cornerstone Home Search websites are great. They are easy to use, informative, and provide information people want when looking for Utah homes for sale. The listings on all of our websites including, UtahCornerstone.com, Real Estate Logan, and Northern Utah Home Search, get their listings from an IDX feed taken directly from the WFRMLS. This [...]
Ok, So it’s still not official yet, but it’s looking like the home buying tax credit closing date for homes placed under contract by April 30th, will be moved back to September 30th. The House has OK’d their portion, and the Senate will likely approve it.This is very important for thousands of potential buyers who [...]
Continue reading about It Looks Like Tax Credit Closing Deadline Will be September 30th 2010.
In the real estate world there are lots of reasons that deals fall through. Logan Real Estate transactions fall through all the time because the home inspection comes in unacceptable, or the borrower is unable to get financing. Well now there is a new exciting way for transactions to fail: Failure to Qualify for Mortgage [...]
Continue reading about A New Way To Lose The Deal – Mortgage Insurance Unapproval
Right now there are 854 residential homes for sale in Cache County Utah. By my records, this is the highest amount of Real Estate Inventory Cache County has ever had. The previous high I ever noted was 850 in July of last year. So what does this mean? In basic economics, it simply means that [...]
Continue reading about There Has Never Been So Many Logan Homes for Sale
At our office meeting today, Dell Keck a local handyman and science teacher at the Cache High alternative school talked to us about some “RED FLAGS” when buying real estate. Dell used to be a Home Inspector in Las Vegas and ran across all kinds of safety issues while inspecting homes. He now works as [...]
Continue reading about Red Flags to Look Out for When Buying a Home
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
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
