By Alan Barker on December 15, 2010
With home prices falling in Cache County Utah, the number of Short Sale homes has risen. Here is some more information from the Logan Real Estate blog: 6.54% of the total residential real estate listings on the MLS right now are short sales, the highest percentage of short sales Cache Valley has seen. One of [...]
Posted in Cache County, Market Conditions | Tagged short sales
By Alan Barker on November 19, 2010
One metric home buyers and real estate agents use as to quickly determine a homes value is the price per square foot. Because homes are of different ages, conditions, and locations, there is no standard $ per square footage that applies for all Cache Valley Homes. There are lots of variables that make $ per [...]
Posted in Cache County, Home Buying
By Alan Barker on September 22, 2010
In Utah, HUD listings are posted on the internet every Friday. In my early days of real estating, I diligently looked every Friday to see if there were any new HUD homes in the Logan area. Most Friday’s there weren’t any HUD Homes in Cache Valley. There were always a few in Ogden, but rarely [...]
Posted in Foreclosures | Tagged HUD Homes
By Alan Barker on September 15, 2010
The slow real estate market has increased the number of homes for sale in Logan UT that are offering lease options. Right now there are 22 lease option homes for sale in Logan. A couple years ago, I assisted some sellers with a lease option. At that time there were only three other homes being [...]
Posted in Cache County, General Real Estate, Home Buying, Market Conditions | Tagged lease option
By Alan Barker on September 9, 2010
With lower than ever interest rates, and home prices declining. Homes are about as affordable as they’ve ever been. Families that make the median income level can afford 72.5 percent of the homes for sale. The thing that confuses me though, is that even though home prices are down, and interest rates are down, the [...]
Posted in General Real Estate | Tagged Affordability
By Alan Barker on September 1, 2010
Cache County is proposing some changes in the current zoning laws in the rural areas. Right now, an A10 Zone means that lots have to be a minimum of 10 acres to have a home built. So, if there is a 40 Acre lot, it can be subdivided into a development that has four, 10 [...]
Posted in Cache County | Tagged zoning
By Alan Barker on August 3, 2010
From watching the statistics and market trends over recent months, I knew that July home sales in Cache County were going to low. But, I didn’t think they would be this bad. I look outside, and the 90 degree temperatures sure don’t indicate that its the middle of winter. My unofficial statistics show that last [...]
Posted in Cache County, Market Conditions | Tagged home sales
By Alan Barker on August 2, 2010
If you’re looking to buy a homes in a rural Cache Valley, with no money down, and no mortgage insurance, you may soon have that option again. The Rural housing program, which has been out of funds for month, should be given new life pretty soon. With the additional funding there may actually be some [...]
Posted in Mortgages | Tagged Rural Housing Loan
By Alan Barker on July 16, 2010
While the popular news these days is usually the lack of jobs and increasing unemployment numbers, things for Cache County jobs are actually pretty good. According to CNN Money, Job Growth in Cache County Utah over the past decade was the 10th best in the nation. This is one of the key factors in making [...]
Posted in Cache County | Tagged Jobs
By Alan Barker on July 8, 2010
The year is more than half way over. For Logan Real Estate we have some good news, and some not so good news. Overall, real estate sales have been up this year, but a lot of these sales can be attributed to the government tax credits, and their expiration happening in the first half of [...]
Posted in Cache County, Quarterly Numbers | Tagged condos, homes, land, multi-family
Cache County Market Update
Brought to you By Cornerstone Real Estate Professionals