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John Ames
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Local Market: 1-10-13
 
Hello Colleagues,
 
Five homes over $450 sold last week .. Nice increase
New Pendings surged from 29 to 55 this week
Active Listing inventory bumped up to 1,501 versus 1,439 week prior
Big jump in $250-450 sales with increase from 9 to 21 new Pendings 
REO and Short Sales were only five this week
Late January thru April is usually 60-90 transactions a week .. Stay tuned
 
If you have a serious interest in selling your property or want a market analysis on your home – please call the Ames Team at 435-674-6011.
We have over 22 pre-qualified buyers that hope to purchase in the next 30-60 days.  Why list with The Ames ??? – http://youtu.be/hZx1o6fx-EU
If you or a friend are looking to save THOUSANDS on purchasing a great property then call us and let us show you the great values on HUD Homes and how you may qualify to purchase one.  Call the Ames Team at 435-674-6011.
Deal of The Week: Beautiful Home in Slickrock Ridge for $207,999, 0.15 Acres, 3 Bed, 2 Bath, 1,642 sq. ft. Follow Link to View Listing: http://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=12bkuutgwbl7&s=6&id=1&cid=1

LENDERS TO CONTACT:
Academy Mortgage                                      Matt Hickman                  435-632-6811
Bank of America                                           Jayne Lasco                    702-515-8727
Bank of American Fork                                Chris Palmer                   435-215-3044
Cache Valley Bank                                       Michael Beckstrand        435-705-0293
JP Morgan CHASE                                       Laurie Gable                  435-627-6750 
Patriot Mortgage                                            Russ Brown                   435-669-1900
Southwest Community Credit Union           Stacy Spendlove             435-628-2693
Wells Fargo                                                   Melodi Mathews             435-674-8070   
Zions Bank                                                    Mike Wittwer                   435-634-5133 
 
National Real Estate News
Good sign? Contracts to buy homes level off
Tim Mullaney, USA TODAY
New contracts to buy existing homes ticked up slightly in November for the first time since May, as buyers continued to move a little bit more slowly after the mid-year jump in mortgage rates.
Pending sales of existing homes rose 0.2% in November, and were down 1.6% from November of 2012, the National Association of Realtors reported. The statistic reflects deals where buyers have signed a contract but not yet closed on the purchase.
Existing home sales for the year will be around 5.1 million, about 10% higher than last year and the best performance in seven years, and should stay at about that level in 2014, the association projected. The group estimated that the median existing-home price for all of 2013 will be close to $197,300, up nearly 12% from 2012, and will rise between 5% and 5.5% in 2014.
"The softness in pending sales in recent months has been due in part to the jump in mortgage rates that first occurred in May,'' Barclays economist Cooper Hawes said. "This effect has been diminishing, however, and we would expect that pending home sales will gradually resume their upward trend.''
New home sales and housing starts have each strengthened this fall, JPMorgan Chase economist Daniel Silver said. New home sales in November and October have been their strongest since before the 2008 financial crisis, the Census Burea reported last week.
"Many housing indicators — including pending home sales and the related existing home sales data — weakened following the increase in rates around the middle of the year,'' Silver said. ``But several housing indicators have improved recently and the very modest increase in pending home sales in November is a tentative sign that activity is stabilizing, or perhaps even picking up, in the market for existing homes.''
This Map Shows Which States Americans Are Moving To And Leaving
ROB WILE
United Van Lines recently published its inbound and outbound moving data for the U.S. (This is different from the map from Atlas Van Lines we published last week, which actually shows slightly different data). 
Seth Kadish at Vizual Statistix has compiled the data into a spectacular map that captures the migration flows.
It looks at which states had the greatest share of inbound moves as a percent of total moves. 
The winners: Oregon and the Carolinas. 
The losers: New Jersey, Illinois, and New York
Check it out:


Read more: http://www.businessinsider.com/2013-moving-map-2014-1#ixzz2pxMUUF8g  
John Ames, CPA, CDPE    
The Ames Team, "The Get it Done Guys"
Ranked Top 100 RE/MAX Nationwide in 2012 and 2013
Ranked Top 150 Teams Nationwide by The Wall Street Journal in 2012
RE/MAX First Realty
amesteam@sgremax.com
(800) 206-1003
435-634-5499
Fax 435-628-4071
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