Is now the good time to buy home in Utah?
341740
Yes, historically prices have been decreasing over the past decade in Utah, also, those Jazz are on a roll. Good time to buy in Utah.
847555
If the deal is right and stacks-up it is ALWAYS the right time to buy property - foreclosure or otherwise.\n\nIf you are buying for investments:-\n\nDoes the rental potential in the area mean it will cover its own mortgage costs?\nAre you buying at LEAST 15% below market value?\nIs the area up and coming?\nIs the property in good general condition?\nWill it be easy to rent?\nCan you get an interest-only mortgage for a competative rate?\n\nIf you can tick all of your boxes, then it is hard to see when there could be a bad time to buy property.\n\nIf you buy AT LEAST 15% below market value (ideally 25%+) then even if house prices fell - you are still on a great deal with built-in equity.
213627
how long do you plan to live in it? how important is it to be a homeowner? if you overpay 15% today and next year want to move to a different house, then chances are that it will also be cheaper and it won't matter to you.\n\nquality of life rules!\n\ni bought in Portland last year and the value has gone up 15% or more, depends on neighborhood.
1121872
They need illegal aliens in Utah. Or so they think. Californians have taken advantage of the high price of houses in CA compared to the low price of houses in Utah. Many have sold their California homes and bought homes in Utah (paying cash), and Utah is desperate to get low wage workers to build, dig, pave and serve french fries to the new residents of Utah. Wait 'til they start reproducing and flooding the schools 'til they are overcrowded and failing, the abusive free use Emergency Rooms are shutting down the hospitals and they start marching through their shiny Mormon streets on El Día de los Muertos with skeletons and caskets. They'll be singing a different tune...I give them 3-5 years to start whining.
740413
The answer, with a few exceptions, is always "yesterday".  Prices have fallen a bit after a long runup, but will no doubt rise again in the future -- but there is no way to tell just when.  Start your shopping by looking at properties via a website such as realtor.com.
376
I think there is a lag in new home sales and the closings in October really were under contract in Aug and September, thus November numbers should be down dramatically even after seasonal adjustment. Rates will undoubtedly go up again at the next meeting, but with the advent of so many new mortgage products (interest only, reverse mortgage, etc.) money is still relatively easy but definitly more risky. I expect volume levels to slow, prices to flatten across most of the US but do not see a big drop in prices unless rates get above 8%.
205893
With interest rates still at historically low levels, yes, it's a good time to build.\n\nTo stick to a budget, I suggest you develop a file of examples / a wish list of features you'd like in your house, and then contact perhaps two or three builders to discuss your project. Review the ideas you have with them. You should be able to get a feeling of whether you are comfortable with them. Choose someone you can work with. This is a long project. Ideally you will end it with a good relationship.\n\nDevelop a detailed itemization of exactly what will go into the house under your contract. Don't expect to add extras without paying more. The more you have throught the project through ahead of time, the better start you will have for staying on budget.\n\nHughes Home Builders does design-build projects like you are anticipating. Joan Hughes can work with you to develop the house you want within a budget you can afford. She will likely have other ideas, too. They built our home over 20 years ago and will be doing an addition for us in the near future. You can reach her at 508-693-3987.\n\nBest wishes for a successful venture and a great new home.
1356
I live in sonoma county (north of SF) and houses arn't selling as fast as i saw them go a few years ago. So I would say go for it.
1100645
Well, technically, you're going to get market value, no matter what.  But, if you want more square footage for less money, there are a few places I'd look: Eagle Mountain, Magna and West Valley, Heber Valley (although prices are going up), Toole, South Salt Lake, Santaquin, and the north-western parts of Weber county (even North Ogden).  \n\nWhat you end up doing is paying less for the house, but you've got more crime and a longer commute.  \n\nIf you see your home as an investment, you're going to want to avoid these places, and buy something you can afford about anywhere else.  Even West Jordan (as rough as parts of it is) may do better for you than these other places.\n\nOne way to get into some of these more expensive neighborhoods is to buy foreclosed homes or homes just "flipped" by an investor (who bought the home in a fire sale, fixed it up minimally, and sells it to you a few % points below market value).  \n\nFrom all the areas described above, Heber Valley and Kamus (North Summit County) is one of the best-kept secrets for real estate in the area.  The commute from Riverton was longer to Salt Lake than it was from Midway (I've lived in both places) because of traffic.  I spent a little more in gas (say $100 a month with today's gas prices and a daily commute), but I enjoyed my commute much more (less traffic until I got down to the valley).  Just so you can make an apple's-to-apple's comparison, $100 per month is about $17,000 difference in house price (if you can save more than $17,000 in the price of the home, you'd be better off spending the money on gas than mortgage).  \n\nThere are probably some other caveats, but that's going to get you started.  One other thought, you might want to discuss this with a good real estate agent.  I'd recommend a friend, Mike Bersie.  I don't make anything by recommending him.  He's just very focused on working with buyers only and delivers better service than others I've found that works these markets.    Also, you usually spend less on purchasing a home when you have your own agent.  His number is  (801) 427-0487.\n\nGood luck
110604
Well i would want to wait to buy it...like i would wait till the end of next summer..the weather is going to get warmer and you will wish that you were down in florida when its winter time!
278472
rent arizona is big and home prices can go down trust me \n\nwait until it slows and then buy at a bargain
794210
yes. housing is off now. winter is a good time to buy as they are cheaper.
616446
Prices grew by over 40% 2 years in a row.  Now prices have stabilized and homes are staying on the market longer.  Prices have not dropped, but with inventory increasing, it will probably happen soon.
736146
I am planning on making the move to Western New York in spring or summer 2007.\n\nThere are lots of houses for sale up there, I assume you mean the Buffalo area not the city itself.\n\nYou should be pleasantly surprised with the home prices there.
1016486
Here is an article I wrote about today's buyers market:\n\n2006 Year of the Buyer!!\n\nLets start with some facts from year 2005. Last year, we had a strong economy and we also enjoyed very low interest rates. Interest rates were the lowest in 2003, even though they have been creeping up each year gradually, the combination of low interest rates and strong economy fueled the housing boom; which seemed to have ended in 2005.\n\nFor 2006, seller’s need to keep in mind that the party is over. If you were holding onto your property in 2005, hoping to make more money in 2006, I got news for you: “You missed the boat.” But there are many things you can do still to enjoy the profits from the sale of your home like fixing up your home, replace that old carpet, repaint the house, etc, etc.\n\nI hope my readers (sellers) don’t think that I am trying to put them into panic mode. I am just trying to make you understand that in most areas you cannot hope to sell you home for the same price you could have sold in the middle of 2005. Prices have dipped a little and they are taking longer to sell but we still have a healthy normal market, which is where we really needed to be. Last couple of years were not normal markets, it was mainly a seller’s market but it got out of control in some areas of the country where they saw too much appreciation for their own good.\n\nI am NOT telling you that the market “bubble” is going to burst but it is definitely deflating and this my friends, will give buyers a very good chance to get a good deal on a home.\n\nPurchasing a home is an excellent investment, the Government subsidizes it, we still have low interest rates and over all Real Estate is the best investment you can ever make in your life.\n\nIf your are currently thinking but have not yet decided to buy a home, you should know that by the end of the year interest rates will be close to 7%, therefore you need to be very well prepared and do your homework early.\n\nIf you are currently thinking bout selling your home, understand your local market and do the fix ups and repairs needed to entice homebuyers and remember that buyers don want to spend more money on a home after they bought it.\n\n*********************\n\nYou can also find an article about the so called "buble" in the Real Estate market I wrote back in November 2005 and still stands\nFollow this link http://jrealestate.blogspot.com/2005/11/real-estate-market-bubble-burst.html
221256
At this point, buying a house in Orange County may not be the best purchase you could make.  Housing prices are at an all time high right now but they look to be heading back down.  That could put you upside down on your loan (i.e. you would owe more on the loan than the house is worth).  The prices are so high here that some of the people I work with are selling their houses for a large sum and moving into rentals until the prices move down.  Then they will buy another house and have made a profit on their old one.
413393
Best way is to check recent sales prices of other homes in the area.  Try domania.com.  As for what it will fetch in another year from now, no way to predict.