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Current Interest Rates, Buy Utah Real Estate Now
My good friend and preferred mortgage lender Jeannette John with MetLife sent me an update today that rates are at 4.625%. What? Are you kidding me? No, she was not kidding. Add those rates to the Fed’s home purchase incentives, and you you have a Utah home buying opportunity as never seen before.
Why wait to invest in Logan Utah Real Estate. Act now and get into an incredible loan, and get up to $8,000.00 back to buy new appliances, carpet or a remodel. Interest rates are not going to last at this level for very long. If you were to buy a $100,000.00 Logan home at this rate and compare it to a loan at 6%, you are saving about $75-$100 per month. Buy a more expensive home, and the savings go up also. Call us today, or contact Jeannette directly and get your loan in order so we can get you into that house of your dreams.
First Time Home Buyer Tax Credit Extended
- First Time Home Buyer Tax Credit Extended. Benefiting all of Utah Home Buyers.
The nations First Time Home Buyer tax credit has been extended, and that means you get more time to take advantage of this incredible deal. Get $8,000.00 back when you buy your first home. Use it for a remodel, replace carpet, new appliances, get out of debt. To get all of the details regarding this extension, visit the Federal Housing Tax Credit website and learn how this can help you get into your first home and get cash back for doing it.
Then, use our Utah Homes search tool to find the home that is right for you. Once you have identified properties, contact us and we’ll not only show you the properties, but arrange for all of the paperwork and negotiating to be done for you so that you can be assured you are getting the right house for the right price, with $8,000.00 back of course.
Existing Home Owners Get Buying Incentive
- Home Owner Money Incentive
That’s right, it isn’t just for First Time Home Buyers anymore, or should I say for the next six months. The Federal Government has included in it’s latest efforts to promote economic recovery, the option for qualifying existing home owners to receive $6,500.00 to upgrade or buy a new home. You can get more information regarding this offer here at the Federal Housing Tax Credit website.
- You will have until the end of May, 2005 to find a home and be under contract, and an additional 60 days to close the sale.
- You need to have lived in your Utah home 5 of the last 8 years.
- You can’t make more than $220,000.00 per year.
- Homes purchased can’t be priced higher than $800,000.00.
- The Utah home needs to be purchased as your primary residence.
The list about are just a few of the qualifying factors. Please visit the Federal Housing Tax Credit site for more specific details.
So what does this mean for those searching for Utah Homes? Well, because Utah is atop the nation in economic stability, safety and home sale statistics, it means that you can find a home in Utah and get a great price and incredible interest rate. Currently rates are around 5% conventional, and there are still $0 down options for those that qualify. You can talk to our recommended lender today and get accurate information regarding the Federal incentive, interest rates and specifics to different loan programs.
Searching for homes in Utah has never been easier than with our very user friendly search form that not only gives you the incredible ability to see photos and street views, but includes specific details about the home and options to contact us for showings at your convenience.
Land In Cache Valley (Now’s the time to buy!)
- Now’s the time to buy Land In Cache Valley!
What is happening around the State of Utah with regards to land and land values? Well, currently there are incredible pieces of land all around Utah that are listed well below market value. I’m talking pieces of land that would have sold two years ago for more than market value because of the location, views, size and other perks. Pieces that would have been fought over in contract negotiations. Pieces of land ranging from .1 acres to 100 acres. These are the same pieces of Utah land that are just sitting now and no one wants to buy because of the economy, and tentative concerns about whether or not investing in land is a good idea right now.
There was a recent article on RealtyTimes.com in August, 2009, talking about how the land market directly affects the real estate building market, and property values of all kind on just about every level.
He states the following; “Price indexes and values of land inform the analysis of trends and cycles in house prices,” said Morris A. Davis, an assistant professor of Real Estate and Urban Land Economics at the Wisconsin School of Business and fellow at the Lincoln Institute of Land Policy, who created the data sets. Information on the values and rents of residential properties in the U.S. cover three dimensions:
- Rent-Price Ratio: The ratio of rents to prices for the stock of all owner-occupied housing.
- Aggregate U.S. Land Prices: Values and price indexes for all land, structures, and housing in residential use.
- Metro Area Land Prices: Values and price indexes for land, structures, and housing for single-family owner-occupied housing units in 46 major U.S. metropolitan areas.
“If housing were simply a manufactured good, and location or land had no value, then the price of housing would be determined by construction costs, and housing prices would increase at roughly the same rate as the price of other goods in the US economy,” explained Davis.
But, Davis noted, housing is on land with a specific location, and good locations are often scarce and valuable. If construction costs rise slowly over time and desirable locations are in limited supply, increases in the demand for housing can translate directly to increases in the price of good locations, the land, and in house prices. Accordingly, information on changes in the price and value of land over time often relate to trends and cycles in housing demand.
So, if you are considering purchasing a piece of Utah property, in either large or small quantities, now is the time. Get it now, get it cheap, and get the location and price that you want. In a year or two, when the market has recovered, you will find that your decision to purchase now will be well worth it, and make up for the hesitation most are feeling with current market conditions. Instead of saying in a couple of years, “I wish I did”, say “I’m glad I did”.
Search Logan Utah Real Estate
- Search Utah Real Estate, or Focus On Logan, UT Real Estate
UtahRealHomes.com has one of the best Utah Property Search features available on the net today. Click here to take full advantage of this free tool that will give you maps, street views and full detail descriptions with photos of each property. You can save your favorites, request showings and email agents all from one place, and without picking up the phone.
Loga Utah Real Estate is one of the best investments you can make as we sit amongst one of the nations safest and economically sound areas. Only an hour to Salt Lake City, 30 minutes to Ogden and 30 minutes to Idaho, we are located in an optimal area for employment and entertainment possibilities.
We are also only 1 hour from Bear Lake, 30 minutes to Willard Bay, and within 1 hour to any type of recreational activity you can think of. From hiking, fishing, hunting, snow skiing, water skiing, snowmobiling, four wheeling, camping, biking and running events, not to mention the starting location for the Wasatch Back (Ragnar).
Logan Utah is the place to live, and this is the site to help get you here.
.23 Acres On The East Bench Of Smithfield, UT
- .23 Incredible Acres In Smithfield, UT
Take a look at this beautiful lot on the East bench of Smithfield, UT. Lot is graded, has all utilities ready to go, incredible views and has already been lowered $10,000.00 in price. Seller financing available. Call us now to get more information and get in on this deal before it is gone.
24 Beautiful Acres In Benson, UT (Residential/Aggricultural/Recreational)
- 24 Beautiful Benson, UT Acres
Take a look at this great piece of property in beautiful Benson, UT. Use it for building homes, grazing cattle, harvesting crops, or whatever you may need it for. Included are 10 water shares (owned). Owner is open to trading property for similar land in or near Logan Utah. Owner is searching for a great piece to build a home and open a possible business. If you are interested, or know someone is, please contact us so that we can work with you to get a property.
Amongst the Top in the Nation (Logan Utah Real Estate)
KSL.com recently reported on the successful economy that is currently being enjoyed by residents in and around Logan Utah. They reported that Logan has the second lowest unemployment in the nation, and is the only county to report real estate appreciation in the state. We have been recently projected as high as number 8 for 2009 with regards to real estate appreciation. Mix that with the first time home buyer $8,000.00 and historic low interest rates, and you have a pretty good recipe for a successful 2009 in Logan Utah.
If you or anyone you know is interested in buying or selling Logan Utah Real Estate, have them check out www.utahrealhomes.com for a FREE MLS search and additional information on what Cornerstone Real Estate Professionals do differently to sell homes in half the time as other brokers.
Logan Utah is a perfect example of the classic tale of The Tortoise and the Hare. While the rest of the nation was rushing the prices of real estate towards the finish line, Logan Utah was slow and steady. So when the nation stopped to take a breather and fell asleep, Logan Utah has passed up the nation and will be way ahead by the time the Hare realizes what is going on.
If you are looking for a great place to live, work, play, invest, visit, vacation or anything else, contact me today and find out more about Logan Utah and Logan Utah real estate.
Logan Utah Real Estate – Stats 2008
Here they are, official stats for Cache County in 08. Looks like anything is moving in under 6 months on average. Logan Utah Real Estate is still in good shape and now is the time to both buy and sell.
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|
|
|||
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Low Price
|
High Price
|
Listings
|
Days On Market
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|
| $0 | – |
$9,999
|
0
|
0 |
| $10,000 | – |
$19,999
|
3
|
65 |
| $20,000 | – |
$29,999
|
1
|
433 |
| $30,000 | – |
$39,999
|
3
|
102 |
| $40,000 | – |
$49,999
|
1
|
33 |
| $50,000 | – |
$59,999
|
6
|
122 |
| $60,000 | – |
$69,999
|
5
|
41 |
| $70,000 | – |
$79,999
|
12
|
136 |
| $80,000 | – |
$89,999
|
15
|
89 |
| $90,000 | – |
$99,999
|
32
|
36 |
| $100,000 | – |
$119,999
|
72
|
59 |
| $120,000 | – |
$139,999
|
116
|
67 |
| $140,000 | – |
$159,999
|
170
|
55 |
| $160,000 | – |
$179,999
|
154
|
62 |
| $180,000 | – |
$199,999
|
110
|
65 |
| $200,000 | – |
$249,999
|
171
|
95 |
| $250,000 | – |
$299,999
|
89
|
121 |
| $300,000 | – |
$349,999
|
41
|
110 |
| $350,000 | – |
$399,999
|
22
|
99 |
| $400,000 | – |
$449,999
|
18
|
115 |
| $450,000 | – |
$499,999
|
5
|
148 |
| $500,000 | – |
$599,999
|
7
|
103 |
| $600,000 | – |
$699,999
|
2
|
75 |
| $700,000 | – |
$799,999
|
1
|
174 |
Logan Utah Real Estate – At the top again…….
Here we are again, looking at another list in which Logan Utah is among the top in the nation. This time, we are in the top ten predicted for best housing markets in 2009. Is this a surprise? Not really. Logan Utah Real Estate seems to be pretty stable and if the prediction is right, and there will be a 2% increase this year, now is the time to buy. Interest rates are still below 5% and there is plenty of money to lend. If you are one of the few who still has a good job and decent credit, now’s the time.
Contact
Ethan Poppleton
435-760-6934
ethan@boomerangre.com
Boomerang Real Estate Services
1125 W 400 N #120
Logan, UT