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Most recent items from this feed:
Interest Rates Way Down - 30 Year Fixed. 5.5%
Good news for home buyers and soon to be buyers. Interest rates have dropped to make housing even more affordable.
Right now 30 year fixed mortgages can be obtained at 5.5%. Interest
FHA loans are going for 5.75%.
It's a great time to buy when you consider that home prices are down, and interest rates are great. If you had a $200,000 home loan at 7% interest, you would be paying $1,330 per month P.I. At 5.5% that payment would be $1,135 per month. That's a savings of $200 each monthy.
For more information on available loan products, contact Paul Vaslett with Cache Valley Mortgage. (435) 752-1414
11/25/2008 03:05 PM
Logan Home Sales Consistent
For the second straight month home sales in Cache County are at least as good as they were a year ago. In October, 91 residential homes in Cache Valley were sold. This is exactly the same number as were sold last year. The average price of these homes sold was actually up 5% at $189,264, but the price per square footage was down to $79 per square foot. The lowest level in a year and a half. This shows that some large homes were sold at some pretty good prices during October.
Inventory of existing homes continues to go up. There are currently 778 active residential home listings in Cache Valley. The median price of these listings has dropped slightly and is now $207,900, $33,000 higher than the October median sold price of $174,000. To view all Logan Utah Homes for sale visit Real Estate Logan.com.
11/06/2008 02:22 PM
Open Houses: November 1st 2008.
Cache Valley Open Houses: November 1st, 2008
Cornerstone Real Estate is having a power open house on Saturday November 1st. The majority of the homes will be open between 10:00 and 12:00. These houses are priced between $123,000 and $469,000. These homes come in a variety of styles and are located from Clarkston to Wellsville. For more information visit: Cache Valley Open Houses
10/29/2008 05:19 PM
Why the Economy and Housing Market are Stumbling
This video is obviously politically driven, and I don't know exactly how accurate the accusations are, but all in all it sums up exactly why the Housing Market and Economy we're in are in such bad shape.
10/19/2008 10:43 PM
September 2008 Home Sales Numbers
Ninety-Nine residential homes were reported sold on the Wasatch Front MLS for September in Cache County. This is three more homes than were sold in September of last year. The average price of these homes was $187,158, and the median price was just $162,000. Currently Cache County has 768 active residential homes for sale. These properties have a median list price at $210,000 and an average list price of $257,000.
It's still a buyers market in Cache County, but our year over year sales numbers are starting to improve.
View all available homes for sale at: Logan Utah Homes for Sale
10/10/2008 04:58 PM
Cache County Home Sales Stats
This shows the comparison between average home prices in Cache County for the last thre years. Overall, the average price of homes clearly rose in 2007. The numbers between 2007 and 2008 show that Cache County Real Estate has remained fairly stable.
This graph shows the comparison between home sales numbers last year vs. this year. Through 9 months home sales are down 18% compared too last year. In September home sales were as good as a year ago. I expect this trend to continue. It was a little over a year ago that the market started to shift. From here on out our home sales should be at least as good as they were a year ago.
10/07/2008 01:40 PM
Preforeclosure: Below Market Value
This house is a deal. It was under contract but the sale failed. Bank has approved a short sale amount of $139,000. Great starter or retirement house.
10/01/2008 07:23 PM
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