recent blog posts from Lorna Pedersen
Posted by Lorna Pedersen | on November 8, 2009, 1:35 amPresident Obama signed the new bill into law yesterday. The new bill calls for an incentive for existing homeowners who have owned their current homes at least five years, making them eligible for tax credits of up to $6,500 when they purchase a new home. First time home buyers or anyone who hasn’t owned a » Read more
Posted by Lorna Pedersen | on November 3, 2009, 7:07 pmThe Northern Wasatch Association of Realtors October issue of “The Voice” provided a brief report on the September 2008-2009 homes in Utah. The total number of home sales year to date is 3,802 and the average selling price was $241,260. The low price was $11,500 and the high price was $875,000. The number of homes » Read more
Posted by Lorna Pedersen | on October 30, 2009, 11:59 pmHello! Currently Congress is debating whether to extend and revise the tax credit. The first-time home buyer tax credit has been noted a success with the latest estimates indicating that approximately 400,000 additional sales occurred this year due to the tax stimulus and computes to about 8% of all sales this year. The proposed bill » Read more
Posted by Lorna Pedersen | on October 21, 2009, 6:36 pmFall is my favorite time of the year. I love the cold nights and the warm sun shiny days and cool air. Autumn colors are breathtaking and all of nature seems to be getting ready for a long deserved rest. I have found these links to be very informative relative to the soon to the » Read more
Posted by Lorna Pedersen | on October 15, 2009, 5:53 pmThought I would pass along this concise info on the continuing saga of the “Short Sale,” brought to you by Axiom Financial. “Short Sale” sounds so much nicer than “Foreclosure” but is it? A short sale is when the lender, investor and/or mortgage insurer approves the sale of a property to a new buyer for » Read more