November 2014

Found 6 blog entries for November 2014.

US Home Buying 2More and more home buyers are returning to the US housing market because they’re noticing favorable market conditions.

Specifically, buyers are feeling more comfortable about navigating the market thanks to interest rate stabilization and easier mortgage rules, according to a recent article by Reuters.

This is fantastic news for the overall health of the housing market. After all, it suggests that the national real estate market is likely to become more stable over time.

Trends That US Home Buyers Should Be Aware Of

According to the recent Reuters article, new home builders D.R. Horton Inc and Toll Brothers Inc. are seeing jumps in home buyer demand.

And they’re not the only ones.

In fact, new home builders everywhere are reporting

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September 10, 2014

Off The Beaten Path in Park City, Utah

Breaking News: What's The Hooplah with "Bill White Farms"? Located off of Highway 224 and Bobsled Blvd., there has been some mysterious commotion since the recent purchase of the historic "Hixon Farm".  This historic landmark has been given a major rennovation by the new owner, Bill White. He is not quite finished...

The Announcement

Until recently, the historic site has been under "a code of silence among the Bill White employees". Just a few days ago, I was taking my morning walk past this stunning site when I noticed a "recycled brown paper flyer" intriguing.  The unveiling...Bill White's vision for the historic home. I am a fan of Bill White...AND was thrilled to read on about…
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Living in Park City,Utah you can expect there will be a "Homeowners Association".  Whether you are moving to Park City or have been a long time resident learning how to access Bylaws, Amendments, Covenants, Restrictions, and Declarations is important to understand. In order to live in harmony with in a community it is highly recommended to read the CCR's prior to renting or purchasing a property. After all, when you decide to live in a community and they have CCR's then you are agreeing to abide by the rules and regulations.

Homeowner Associations Responsibility

The Association Rules and Regulations are found in the Covenants, Rules, and Restrictions (CCR's) and other governing documents. If you live in a master planned community there maybe two

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Park City, Utah Real Estate Today! As seen in the REALTOR Mag, Lawrence Yung, president of the National Association of REALTORS stated, “Sooner or later, though, interest rates will have to rise. From the low 4 percent rate that prevailed for most of this year, the average mortgage rate will likely cross over the 5 percent threshold sometime in 2015 and probably rise to near 6 percent by 2016”. The Park City homes sales numbers show the number of homes going under contract up 5.4% and homes sold (closed) up 21.1% last month compared to October. The number may have been higher if there were more property on the market. The number of active listings was actually down 3.7% when compared to October 2013. The average home sale price was up 4.9% from $942,810

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Park City, Utah Since 2006, I have been affiliated with The Institute For Luxury Home Marketing . A group of highly educated luxury home real estate professionals who have demonstrated a specific skill set by completing special training, proof of closed transactions in a specific price range, and marketing ability set by the Institute. The combination of being a  Certified Luxury Home Marketing Specialist® and earning the Million Dollar Guild® recognition provides the buyer and seller the opportunity to work a higher skill set than the average REALTOR®.  The negotiations required in a million dollar transaction requires sophistication and experience.  For Example:

  • Higher education related to the high end luxury market.
  • Compile performance
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US Home Selling 7U.S. homes sold at a faster rate in September than any other time this year, a recent report from the National Association of Realtors said.

Evidently, sales of existing homes increased 2.4 percent from the previous month to a seasonally adjusted annual rate of 5.17 million.

Experts are saying that this increase is a great sign that the housing market is picking up and moving past the slowdown that started in mid-2013.

More Encouraging Signs on the National Housing Market

The National Association of Realtors provided some additional information that helps paint a more complete picture of the current state of the housing market:

  • The sales rate has dropped 1.7 percent over the past 12 months.
  • First-time home buyers comprised about 29
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