The Secret to You..A Gift From The Secret Scrolls.

Life Can Be Tough

A friend of mine posted a quote on Facebook recently...it really got me thinking. The quote was this...Tough times don't last....but Tough people do. I really like that. We are all handed our share of tough times. My experience has been that I have ALWAYS learned something valuable from those times. The tough times in my life have strengthened me and helped me to grow emotionally and even spiritually.

Now don't get me wrong, I don't look forward to tough times, but I have learned to embrace them, ask myself "What can I learn from this", and store those lessons away for future use.

I look forward to a wonderful 2011 with my family and friends.

Debbie Cheney, Coldwell Banker Residential
801 573-8338
Today is the best day of my life....so far!

West Jordan Sales Statistics

Search Criteria: State is Utah, County is Salt Lake, City is West Jordan

Month Count Volume Mdn OL $ Mdn Sold $ Mdn S to OL Mdn SQ FT Mdn $/SQ FT Mdn Beds Mdn Baths Mdn CDOM
Oct 2010 75 $14,695,099.00 $215,000.00 $189,900.00 88% 2,425 $81.82 4 3 75
Nov 2010 89 $17,490,047.00 $209,900.00 $185,000.00 88% 2,359 $80.39 4 3 121
Dec 2010 80 $15,846,572.00 $210,000.00 $196,250.00 93% 2,531 $81.50 4 3 82
Jan 2011 16 $2,664,945.00 $199,349.50 $170,325.00 85% 2,238 $68.99 4 3 95

Prepared By:
Debbie Cheney
Coldwell Banker Residential Bkrg - Union Heights
801-573-8338

This report was generated automatically by the Wasatch Front Regional MLS on 01/13/2011 at 12:49 PM. Includes only listings where list price is between $15,000 and $10,000,000 and sold price does not exceed 25% +/- that of the list price.

If you would like information on the city you live in, let me know. I would be happy to send it to you. Make it a great day!!!!

The expert says....

As promised here is the information from the 2011 Forecast Meeting of the Salt Lake Board of Realtors. The following are my notes from the meeting. I have downloaded the full presentation from Lawrence Yun (National Association of Realtors Economist)and have it available for those who would like to have it emailed to them. I also have a pdf from Jim Woods, a local person who has put together his opinion of the Utah Market.

1. Utah generally recovers quicker then most areas of the country from inflation and recession. It is one of the fastest growing states as far as population and business.

2. Easy credit was in Mr. Yun's opinion for the downfall of the real estate markets. During the easy credit time...underwriting loan requirements were very lax and now in his opinion they are too stict. A balance needs to be found.

3. January 2011 outlook appears better than January 2010's outlook .

4. Corporate profits are up but business investments are down. This is due to consumer caution. People are playing it safe with their money.

5. It is popular opinion in Washington that the Mortgage Interest Deduction is the cause of the housing bust. He believes this to be incorrect...he goes further to say that there would be a 15% hit to home values in the deduction is taken away.

6. Existing homes are a better value currently than new construction. You basically get more for your money.

7. Inflation needs to stay at 3% or less for the economy to turn around. He says if we have a good job market we will have a good housing market.

So....things look good for us here in Salt Lake area. According to Jim Woods Wages paid in Utah will increase by 4%, our net in-migration will increase by 10,000, retail sales are expected to be up 3.9%. Those items will aid in a better 2011 than 2010.

If you have friends or family who ready to buy or sale real estate, I would love to help.

Debbie Cheney, Associate Broker with Coldwell Banker Residential
801 573-8338, sold@debbiecheney.com

Forecast for 2011?

I have received many calls asking about the real estate market for 2011. Even though I don't have a crystal ball, I am attending the Salt Lake Board Forecast Breakfast tomorrow. Each year they invite a leader in the real estate field to come and discuss what to expect in the coming year. Here is a preview of the speaker....Lawrence Yun, chief economist and senior vice president of research for the National Association of REALTORS, will be this year's keynote speaker.

Dr. Yun will speak on recent developments in the housing market (national and local) and the direction of home prices in the next 12 to 24 months. He will also address subprime loans and the foreclosure impact on the housing industry.

I will update my blog with the information that I receive from the meeting.

Here's hoping he has good news for us here in Utah. Even though we haven't been hit as hard as many areas of the country...it would be nice to have a more stable market.

Who do you know that might be buying or selling real estate?
I would love to help!!!

Real Estate in 2011

9 items homebuyers desire in 2011

by Dana Dratch • Bankrate.com

Today's homebuyers want it all.

Some items on the shopping list: a home in great condition with rooms that can do double duty. Areas that mingle indoor and outdoor living -- patios, porches, decks and outdoor rooms -- are always a plus. And so are those features that offer a little luxury, like garden tubs, first-rate appliances and high-dollar countertops.

They're also going back to basics: searching for solid, well-maintained properties that will give them their money's worth.

"I think this year they're buying properties that are in good mechanical condition that have inherent value," says Ron Phipps, president of the National Association of Realtors.

But more than anything, buyers want to drive a hard bargain.

They want "great deals," says Patricia Szot, president of the MetroTex Association of Realtors. "And no matter where a seller prices their property, they're looking to negotiate."

Here are nine items popular with buyers this year (click link for full description).

1. Homes in good condition
2. Rock-bottom bargains
3. Outdoor living areas
4. Incentives
5. Practical green features
6. Open kitchens
7. Repurposed materials
8. Smaller, less-formal homes
9. Touches of luxury