Archive for the ‘Real Estate Statistics’ Category

Salt Lake County Notice of Defaults 6/18/2008

Friday, June 20th, 2008 |

13338 Nashi Ln Draper
12667 Bear Meadow Ct Draper
13268 Laurel Park Ln Draper
14547 Friendship Dr Herriman
14068 Prospero Ln Herriman
2844 E 4430 S Holladay
7504 Burr Dr Magna
7945 Thoreau Dr Magna
7381 Candis Dr Magna
1279 Glengyle Ct Murray
117 W 6480 S Murray
5037 Commerce Dr Murray
5057 Commerce Dr Murray
5057 Commerce Dr Murray
5057 Commerce Dr Murray
5057 Commerce Dr Murray
12954 S Redwood Rd Riverton
12954 S Redwood Rd Riverton
12369 Breaker Point Cir Riverton
4754 Salish Cir Riverton
13905 S 1300 W Riverton
1538 Laird Ave Salt Lake City
1150 Ramona Ave Salt Lake City
5538 Sunbury Pl Salt Lake City
1108 E 6600 S B4 Salt Lake City
4914 Niagara Way Salt Lake City
1055 Valentine St Salt Lake City
4996 S 4460 W Salt Lake City
515 E St Salt Lake City
1916 Gander Ln Salt Lake City
1795 Antilles Dr Salt Lake City
16 Quietwood Ln Sandy
11463 Katey Ct Sandy
11269 Hawkwood Dr Sandy
10189 Phlox St Sandy
9870 S 540 E Sandy
2784 Canton Ln Sandy
806 E 8475 S Sandy
5830 Hill Stone Dr South Jordan
9673 S 2810 W South Jordan
1631 Wynview Ln South Jordan
150 E Wentworth Ave 52 South Salt Lake
154 E Wentworth Ave South Salt Lake
5440 S 3535 W Taylorsville
7102 Sorrento Way West Jordan
7326 Tico Dr West Jordan
6742 Dixie Dr West Jordan
7130 Cimmarron Dr West Valley
6557 W 3940 S West Valley
3060 S 4960 W West Valley
5031 Bannock Cir West Valley

Utah County Notice of Defaults 6/18/2008

Friday, June 20th, 2008 |

631 N Hillside Cir Alpine
4979 Country Club Dr Highland
211 E Main St Lehi
573 S Olive Pl Lehi
352 N 470 W Lindon
166 N 890 W Orem
217 N 260 W Orem
672 E 1650 N Orem
117 S Campus Dr Orem
468 N 100 E Provo
Provo Provo
404 N 1480 E Provo
765 W 2150 N Provo
370 E 400 S Provo
1536 W 1970 N Provo
1374 Cedar Pass Dr Santaquin
1334 S 2700 E Spanish Fork
197 S 1060 East Spanish Fork
958 W 1000 S Springville
537 W 200 S Springville

Utah County Notice of Defaults 6/13/2008

Friday, June 13th, 2008 |

10587 Avalon Cedar Hills
5219 N Morning Dove Cir Lehi
5165 N Eagles View Dr Lehi
783 E 2200 N Lehi
14 W 450 N Lindon
735 N Murdock Dr Pleasant Grove
1716 E Ridgefield Rd Spanish Fork
510 N 250 W Springville

Utah County Notice of Default 3/10/2008

Wednesday, March 12th, 2008 |

658 E High Ridge Ln Alpine
398 Jefferson Ave American Fork
6239 W Skyline Dr Highland
248 S Meadow Brook Ct Lehi
617 S 1920 West Orem
607 S 1920 West Orem
595 S 1920 West Orem
750 S Fairway Ln Orem
557 W 460 N Orem
723 N 880 W Pleasant Grove
225 S 200 E Spanish Fork

Small Decline in Home Ownership Across the United States

Thursday, November 1st, 2007 |

Here is an interesting stat that came from the Federal Reserve Bank of Atlanta. Homeownership rose from 64% in 1994 to 69% in 2004. Since 2004 the rate of homeownership has declined nearly a point to 68.2%.

The combination of upward mobility and easier credit opened many doors to owning ones own home. However, back in 2004 the focus was on greater opportunity for new homebuyers, now with tighter credit many are caught in a crunch.

Many analysts have pointed to easy lending as a contributor to the housing boom, but the Atlanta Fed paper may be the first to quantify its effect in a rigorous way. Using math-heavy macroeconomic analysis, the authors conclude that the availability of new mortgage options accounted for 56% to 70% of the decade-long increase in the U.S. homeownership rate, while demographic changes accounted for only 16% to 31%. Although the paper cites lowered downpayment requirements as the biggest factor in raising ownership, co-author Carlos Garriga of the St. Louis Fed says a forthcoming paper will attribute more of the effect to “teaser” loans with low introductory payments that appeal to young and lower-income buyers. via Business Week

The homeowners on the bottom end of the rung, those that comprise the homeowners in the 64% to 68% range, are obviously the ones that have the greatest risk in homeownership. What will be interesting to see is since loose credit was a primary reason for them to become homeowners and now we are facing tighter credit again, what will the downside be to the national housing market?

And with fewer potential buyers and the speculators gone, what will the larger market use to find the bottom since there is pressure with both high inventory and more foreclosures on the horizon?

The Jimmy Rex Team

Jimmy Rex was the Keller Williams Regional Rookie of the Year in 2006 and sold more than 100 homes.

More

Want to subscribe?

 Subscribe to the Utah Real Estate Update
Or, subscribe via email:
Enter your email address:  
Find entries :