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Buying a Home Less Expensive than Renting – by 38%!

Trulia released their Rent vs. Buy Report last week. The report explained that homeownership remains cheaper than renting in all of the 100 largest metro areas by an average of 38%! In the Salt Lake metro it is 36% cheaper to own than rent. The other interesting findings in the report include: Even though prices increased sharply in many markets…

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Rising Interest Rates Again, and Again…

Buying in 2014? Rising Interest Rates Again, and Again… Last month, the Federal Reserve, in a unanimous vote, decided to further decrease its bond purchasing. The bond purchases were the government’s stimulus package created to keep long term mortgage interest rates artificially low in order to help drive the housing market. Most experts believe that tapering…

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Selling Your Home Guide_ 2014 Winter Edition

Get a Free Home Valuation at saltlakecityhomevalues.com

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“Best Of Houzz 2014” Winner!

Received this email today from Houzz.com : We’re writing to let you know that you’ve been voted by the Houzz community as a winner of our Best of Houzz 2014 awards! Your work won in the Customer Satisfaction category. Customer Satisfaction honors are determined by a variety of factors, including the number and quality of client reviews a professional…

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Home Prices vs Mortgage Rate Increases

This chart shows an historical look at what happens when interest rates have skyrocketed over a short period of time (like we are seeing today). It has happened four times over the last 30 plus years. What we can see from the chart, in each one of these changes to real estate value during this time,…

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5 Financial Reason to Buy Now…

Don’t wait if you are in a position to purchase a home… here are 5 reasons… {INFOGRAPHIC}

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500 Fans on Facebook!

Post by Salt Lake City Real Estate.

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Good News for the Economy = Bad News for Rates

The economy is improving. As an example, the latest employment report showed that the unemployment rate hit a five-year low. We must realize that, as the economic news gets better, the government will consider whether or not to continue the programs they put in place to stimulate the economy. One such program is the Fed’s…

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2014 FHA Loan Limits Drop by 40% in Salt Lake County

FHA has announced the 2014 Loan Limits in Mortgagee Letter 2013-43. These limits are effective for all Forward Mortgages (except streamline refinances without an appraisal) with  case numbers ordered on or after January 1, 2014 The FHA loan limit calculation process involves determining national loan amount ‘floors’ and ‘ceilings’.  Once the floors and ceilings are established, other…

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Winter 2013 Newsletter

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