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New home sales continue to climb, rising to 476,000 completed transactions in May, according to government data.

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Home prices continue to rise at a healthy clip, with the Case Shiller 20-City Composite Index rising 12.1% year-over-year in April. But real estate is local and some neighborhoods are seeing more rapid increases than others. Within each of the 20 cities for instance, home prices are rising more rapidly in urban centers than in the suburbs, according to a blog post by Trulia economist Jed Kolko. Urban centers, defined as areas dominated by high-rise buildings, condos and apartment-style homes saw home prices rise 11.3% year-over-year in April. Suburban neighborhoods, […]

In the current market, where buyers are plentiful but homes are not, house hunters can become discouraged, but real estate agents can help keep them motivated. Agents should encourage buyer customers to obtain mortgage preapprovals before they begin looking at homes, given that deals are closing fast, and they should secure showings within 24 to 48 hours of finding a suitable property for their clients. They also will want to stress the importance of strong offers, as making a bigger earnest money deposit and down payment and minimizing concessions will […]

Jumbo loans are reportedly becoming easier to obtain, which may be welcome news for high-end home buyers. Jumbo loans are mortgages larger than $417,000 in most parts of the nation and $625,000 in high-cost areas. In the first quarter of 2013, lenders originated $54 billion in jumbo loans, up from $47 billion one year earlier, according to Inside Mortgage Finance. Many jumbo lenders also reportedly are increasing the amount of a home’s value they will agree to finance. “The pickup in jumbo lending comes as home prices are rising and […]

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Broker/Owner of Salt Lake’s only downtown residential real estate firm. I’m one of the old guard gays, now considered trans or gender fluid. What you need to know is that I’ve been selling homes to all people for 30 years (full time) and have thousands of satisfied customers. If I can’t help you I’ll be honest enough to send you in the right direction! I was the first OUT gay in the Board of Realtors in 1984 in Utah…yes, I’m on the front lines of the LGBT battlefield and always […]

The housing sector seems on the mend with home prices continually rising upward.

Double-digit price gains in the last year with multiple bid situations that have caused homes to sell for above asking prices have been fueling renewed fears over a housing bubble forming. Could some areas be overheating? 

A new study finds that home owners with poor math skills were five times more likely to default on their loans and end up in foreclosure during the housing crisis than home owners who were good with arithmetic.