2009 Salt Lake numbers at a glance!

Posted on | January 12, 2010 | No Comments

Yesterday I went to the Salt Lake Board of Realtors forecast luncheon and here are a few statistics I found. 1) In 2009 only 900 new single family homes were built in Salt Lake county-the lowest level since the 1940′s; while about 9100 existing single family homes were sold. 2) Historical experience suggest housing prices in Salt Lake Country will remain under downward pressure in 2010. 3) Foreclosures are the greatest threat to price increases as foreclosures continue to increase in Utah.

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Twitter.com @Greatscottutah

Obama trying to help w/ forclosures. Proposed $1000 for banks who do a short sale and give $2500 to sellers for moving costs. Keep u posted 2010/03/13
Ski lessons for my Berkeley (4). Best money I ever spent. http://myloc.me/4iQXD 2010/02/28
@VincentMorrisSD only 2 showings on brooks way. Sl board tour on wed. Hoping 2 get price change to 385000. http://myloc.me/3Lcu0 2010/02/13
Sundance condos are starting to increase rental revenues, occupancy and income. I have 4 condos 4 sale here and all have been updated. 2010/02/12
It's getting harder to do loans on second homes. Fannie mae does not want to do them if they allow short term rentals. Makes it very tough 2010/01/30

2009 Salt Lake numbers at a glance!

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