The Big Question?

I was out showing a couple from California a beautiful home with incredible views that was about 5,000 square feet with all the extras when one of them asked me the question I get almost everyday, “How long until the real estate market starts to improve?” Most of the time I just give a quick “feel good” canned answer that the real estate market is coming back soon.  But the real truth of the matter is that THE REAL ESTATE MARKET WILL TAKE A LONG TIME TO RECOVER.  The good news is to the average American, they won’t see too much change over the next few years.  I personally don’t want to see big changes happen and I really don’t want interest rates move up or down.  I want to see slow and steady improvements which I think will start to improve real estate.

For those in the real estate business we are seeing some steady indicators that show some improvements.  From a local standpoint, the Washington County real estate market still heavily relies on folks from the Wasatch Front to buy 2nd homes or who are looking to retire in sunny St George.  Having never lived in Utah since moving to Southern Utah about five years ago, it has always been very interesting how much these guys up North want to live or visit St George on a regular basis.  This is the main reason why I feel that this market is going to improve based on the strong 2nd home market.

From a national standpoint, real estate still has some issues to work out.  With a weak economy, higher than normal unemployment, loads of consumer and national debt we have lot longer as far as from a national real estate market.  We also rely quite a bit on the government backing up private lenders.  Let’s just pray the rates stay low or else we are all in trouble!

As I was finishing my last showing with this couple from California I asked them a little bit about their current home situation.  It was built in the 1960’s and has never been remodeled and is about 2400 sqft on a half acre in a desirable area in Southern California.  It was recently appraised for over $1,200,000 and they have all their neighbors interested in buying it when they put up on the market next month.  That’s when I decided that the real estate market might be coming back quicker than I thought!!

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St. George named top place to live 2010

According to CNNMoney.com St. George, is one of the best places to live in the country.

Thirty minutes east of Zion National Park, this town is right in the midst of the mountainous natural beauty of Southwest Utah.

Residents can play on four golf courses, shop in the historic downtown, or attend a softball game at the Canyons Complex. Employment opportunities at places like Intermountain Health Care and the SkyWest Airlines headquarters keep the city’s economy moving.

While the city is becoming more diverse, Mormons still make up about 65% of the population.

See article here

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Featured Listing

$249,900

3 Bed 2 Bath 3,363 sf.

Single Family in St. George, Utah

Fantastic home within walking distance to community pool and Hidden Valley Park. Used as a second home so almost shows brand new. Unfinished walk-out basement.

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Safest places to live in the US?

Being in a safe community is one of the most important factors that buyers consider when purchasing a home, condo or any other type of real estate. So where are America’s most secure places to live? The Farmers Insurance Group of Companies has released its third annual ranking of top 20 ‘Most Secure U.S. Places to Live’.

Bert Sperling, a database expert with http://bestplaces.net, compiled the Farmers rankings based on data from 379 U.S. municipalities. Factors such as crime statistics, unemployment rates and risks of environmental hazards, terrorism threats, natural disasters and extreme weather conditions, were taken into consideration.

The communities were divided into three groups – large metropolitan areas (above 500,000 residents), mid-size cities (between 150,000 and 500,000 residents), and small towns (fewer than 150,000 residents).

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12 Terrific Moving Tips

Who can’t use some moving tips when they’re packing up their whole life for a new home? If you’re among thousands of people who have picked up and moved their family to a new home or a new community, you have fresh memories of some of the ups and downs or thrills or frustrations of moving.

Drawing from personal experience, I know there are lots of ways to help make your household move easier and more smooth. Read here for help to get your life, and your possessions, organized for a peaceful and exciting move.

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