Real Estate, Financial & Politics Blog

The Fed raised interest rates. Why are mortgages getting cheaper?

Looks like the homebuying frenzy isn't going anywhere, at least for now. After the Federal Reserve raised its key interest rate nearly a month ago, many people expected mortgages rates to creep up. But instead, they've been on the decline ever since. The average rate...

Here’s where the next financial crisis is lurking

Animal spirits are running high. President Donald Trump’s promises to repeal Obamacare, cut taxes, and roll back regulations have supercharged stock prices and business optimism. However, history teaches when expectations are most buoyant, investors and decision...

How Fed hike will affect mortgages, car loans, credit cards

Are mortgage rates going up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more? With the Federal Reserve having raised its benchmark interest rate Wednesday and signaled the likelihood of...

The Fed has spoken

The U.S. central bank raised interest rates Wednesday for the third time since the Great Recession, effectively tapping the brakes on a U.S. economy showing strong momentum. The idea of the government intentionally slowing the economy — raising interest rates slows...

How Diverse is Religion in Utah?

Approximately 60% of the population of Utah belongs to the Church of Jesus Christ of Latter-day Saints (LDS or 'Mormons'.) But what other religions are present and where are they located? You may be surprised to know that over 30 other religions have strong followings...

Utah County recreation opportunities

So you’re considering buying a home in Utah County, you’ve heard all the stories from your friends, and you are wondering just what type of fun and recreation opportunities are available here. Fortunately, Utah County is blessed with a wealth of extraordinary...

Technology in Provo Schools

If you are trying to decided which area of Provo is right for you based on education opportunities for your children, one factor to consider is the availability of technology in the school. Here is a list of elementary schools in the Provo School District showing the...

Pending home sales 'fell off a cliff'

NEW YORK (CNNMoney.com) -- The experts expected home sales to drop once the homebuyer tax credit lapsed at the end of April, but the depth of the decrease was shocking. According to the National Association of Realtors (NAR), pending home sales fell a whopping 30% in...

Utah Part of Nationwide Crackdown on Mortgage Fraud

More than three dozen Utah cases are part of a nationwide crackdown on mortgage fraud known as Operation Stolen Dreams, officials said Thursday. Since March 1, the interagency Financial Fraud Enforcement Task Force has identified 1,215 criminal defendants across the...

Utah Real Estate Market Slowly Rebounding

Speaking at the Mid-Year  Real Estate Summit at the Grand America on Monday, Zions Bank executive vice president Michael Morris said the Utah commercial real estate market may not even begin to recover until next year. "This year I don't see much reason for optimism...

Salt Lake City Shifts Away From Neutral Housing Market

Some areas are reporting rising home prices, while others are reporting longer days on the market, say Salt Lake City Realtors. Steve Martens "Avenues-area average sales price is $322,246. Days on market has improved to 60 days. Interest rates and value of homes are...

Draper, Utah Explodes With Growth In Salt Lake Valley

Located on the south end of Salt Lake Valley, Draper, Utah is just beginning great business opportunities with car dealerships, malls, country stores and a wide variety of living options with rising prices, say local Realtors. "Draper has experienced large growth in...

Values In Select Second Home Markets Up 22 Percent

Homes in select second home markets are appreciating at more than twice the rate of homes in the national housing market, revealing what could be the mother-of-all residential real estate investments. A new survey of homes in select second home markets around the...

Utah Gallops into Housing Boom

Talk about a national housing boom. There's even buzz from the Beehive State. Better known for its share of the Rocky Mountains, vividly colored plateau and canyon vistas, salt flats, Mormons, a bright, multilingual workforce and the likes of outlaw Butch Cassidy...

Utah County Real Estate Market – August 2013

Overall, 2013 is shaping up to be a good year for real estate sales in Utah County. We are currently experiencing a bit of a “whiplash effect” from the housing bust of 2009, with a dash of Federal Reserve “interest rate engineering” thrown in for good measure. In...