Sandy

4 Reasons to Sell Now Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign. Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really » Read more  

Paul Cardis, CEO of Avid Ratings, which conducts an annual survey of buyer preferences, identified these must-haves in new homes: Large kitchens with islands Energy efficiency, including energy-efficient appliances, super insulation, and high-efficiency windows. Home offices Main-floor master suite Outdoor living space Ceiling fans Soaking tub in the master suite and/or an oversize shower with » Read more  

6 Surprising Facts About the Buyer Tax Credit The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it. To qualify for the move-up tax credit, a home owner must have occupied the same principal residence for five of » Read more  

Most experts agree that Salt Lake City’s housing market has bottomed out. But don’t expect housing prices to rise any time soon. There’s still too many foreclosures that need to be sold. Historically low mortgage rates make home buying more affordable, and today’s reasonable home prices can make a good case for buying rather than renting, say » Read more  

Cutting Mortgage Principal Decreases Defaults Borrowers whose loan modifications reduced their loan balances – not just their interest rates – are most likely to avoid re-defaulting on their mortgages, according to a new study by the Federal Reserve Bank of New York. These findings contradict the government’s recommendation, which focuses on reducing monthly payments by » Read more