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This is a photo of downtown St George just as the sun is beginning to set. You can see several historical buildings, including the LDS temple.  If you have any questions about current market conditions here in St George or any other area of the county, please feel free to give me [...]

St George Utah real estate market trends…..

In the latest statistics that I have, which are for the second quarter of 2010, home prices in my area (St George UT) have not been this low since 2004!

Sales volumes are still 20% below historic norms, and inventory just hit a new 23-month high. Will prices hold up, or will they weaken and move lower?

The extended family is making something of a comeback thanks to delayed marriage, immigration and recession-induced job losses and foreclosures, all of which have forced people to double up under one roof, per data from census figures.  This is also true right here in St. George Utah.  Many married children with [...]

During the St. George, Utah Parade of Homes, thousands of viewers came to see the new spectacular homes. And, of all the huge jaw-dropping masterpieces, it was the smaller homes that were drawing the most attention.

Many St. George residents that visited the Parade of Homes expressed a real interest in the smaller homes versus the more lavish homes. It shows that real estate trends are pointing toward function and efficiency these days.

watch?v=89jG7mHKo6A
While the Toronto Real Estate Board reported 4,986 transactions through the Multiple Listing Service in January 2010, Lets Look directly at the west end statistics. There were 4,614 available for sale, of which 3,800 were new listings It is from this number 1,979 sold. This is continuing an absorption rate near 50%.
The average [...]

Phil the groundhog has a real future as an economist; both try to predict the future. Some things are predictable like Winter which, by the way, lasts until Spring every year so there are always six weeks left after groundhog day. People are somewhat predictable, but not completely. Psychologists try to understand why people do [...]

Readers regularly ask me to weigh in on the question “should I buy a house now or not?” Here are a few key considerations. Has the housing market bottomed? Is now a good time to buy a house if you’ve been waiting patiently for years? I receive queries like this on a regular basis, [...]

At the 2010 International Builders Show this week in Las Vegas, the NAHB’s chief economist David Crowe is predicting a rise in home starts for the spring, a dip mid-year (as tax credits expire) and then another rise by the end of 2010.

How will the mortgage market react when the Fed stops buying mortgage securities at the end of March? There are so many things in the air, and today we explore more of them, as I continue (perhaps foolishly) to try and peer into what is a very cloudy crystal ball.

                                                                                                                                                                                                                                                                                   It is now 2010 and many are wondering what this year will hold for the real estate industry. My predication is there will be some changes, but a lot will be the same. Here are my 6 predictions for the year ahead.
 
1. Foreclosures. Foreclosures are not going away albeit in my opinion we [...]

You can try to hide 8.2 million people in default, but at some point, you gotta know that you are only looking at the tip of the iceberg.

Examining California two cities that represent divergent trends within the housing market.