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Utah Real Estate News for April 23, 2014.

Sales of new U.S. homes plunge 14.5 percent in March

The Salt Lake Tribune - Utah Real Estate » Wed, 23 Apr 2014 10:10:55

Washington • The number of Americans buying new homes plummeted in March to the slowest pace in eight months, a sign that real estate’s spring buying season is off to a weak start. The Commerce Department said Wednesday that sales of new homes ... Read More

Sales of U.S. existing homes slip to a 20-month low

The Salt Lake Tribune - Utah Real Estate » Tue, 22 Apr 2014 08:18:23

Washington • Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers. The National Association of Realtors said Tuesday that sales... Read More

Average U.S. 30-year mortgage rate falls to 4.27 pct

The Salt Lake Tribune - Utah Real Estate » Thu, 17 Apr 2014 08:29:02

Washington • Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.27 percent from ... Read More

U.S. home building up in March after frigid winter

The Salt Lake Tribune - Utah Real Estate » Wed, 16 Apr 2014 08:02:02

Washington • U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction. Builders started work on 946,000 homes a... Read More

Average U.S. 30-year mortgage rate down to 4.34 pct.

The Salt Lake Tribune - Utah Real Estate » Thu, 10 Apr 2014 10:07:44

Washington • Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4... Read More

Growing demand for U.S. apartments pushing up rents

The Salt Lake Tribune - Utah Real Estate » Thu, 03 Apr 2014 12:44:02

These are good times for U.S. landlords. For many tenants, not so much. With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime so... Read More

Average U.S. 30-year mortgage rate rises to 4.41 pct

The Salt Lake Tribune - Utah Real Estate » Thu, 03 Apr 2014 08:50:01

Washington • Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan ticked up to 4.41 percent from 4.40 percent last ... Read More

U.S. home prices rose in Feb. despite weaker sales

The Salt Lake Tribune - Utah Real Estate » Tue, 01 Apr 2014 08:18:01

Washington • U.S. home prices rose in February from a year earlier at a solid pace, suggesting that a tight supply of available homes is boosting prices despite slowing sales. Real estate data provider CoreLogic said Tuesday that prices for exist... Read More

Modern office space rising in Cottonwood Heights

The Salt Lake Tribune - Utah Real Estate » Mon, 31 Mar 2014 08:14:46

Cottonwood Heights • A major piece of commercial development is falling into place for Salt Lake County’s youngest city. Construction began in late February on the first of two high-end office buildings called Cornerstone I and II in Cottonwoo... Read More

Confidence, home markets on the rise in Utah

The Salt Lake Tribune - Utah Real Estate » Wed, 26 Mar 2014 10:06:33

The moving boxes in Kelly Lear’s new living room on Salt Lake City’s east bench contain a healthy share of optimism. She and husband Jonathan lived in his parents’ house in The Avenues for nearly three years as the extended family waited for... Read More
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