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Enhanced tax credit provides $8,000 incentive to first-time buyers

One of the biggest wins for first-time home buyers in last week's economic stimulus bill is a tax credit up to $8,000 for qualified purchases of a primary residence. Increased from last year’s original $7,500 home buyer tax credit, this new incentive does not have to be repaid, making it a true tax credit rather than an interest-free loan.

   

UAR releases fourth quarter home sales statistics

Fourth quarter 2008 Utah home sales dropped about 17 percent, and average prices were down about 10 percent compared to the final quarter of 2007. Excluding Park City numbers that can inflate the average, prices were down almost 4 percent statewide. Year over year, home sales were down in every area of the state except in Utah, Morgan, San Juan, Carbon and Emery counties. The only areas to see single-family price increases were Brigham/Tremonton, Cache/Rich, Carbon/Emery, Central Utah and San Juan County. Utah and Davis were the only counties to see increases in condo prices.

   

Housing affordability up in Utah

Housing affordability was up in all major metropolitan areas in Utah during fourth quarter 2008, the result of both lower home prices and cheaper mortgage financing, according to The National Association of Home Builders/Wells Fargo Housing Opportunity Index, which measures the percentage of new and existing homes sold in a given area that are considered affordable to those earning the median income.

The index reported the biggest quarterly affordability gain in St. George, where the percentage of affordable homes increased from 33.8 percent to 41.7 percent. The Provo-Orem metropolitan statistical area saw the second-biggest gain, with 53.3 percent of homes sold considered affordable, compared to the previous quarter’s 48.2 percent. The Salt Lake MSA came in third with affordability increasing from 55.3 percent to 58 percent. Finally, the Ogden-Clearfield MSA had the state’s smallest quarterly affordability gain but remained the state’s most affordable metro overall, according to the index. During the fourth quarter, 69.6 percent of Ogden-Clearfield homes were considered affordable, up from the previous quarter’s 67 percent. The HOI does not track affordability in the Logan metro area.


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Utah County cities lies in a beautiful valley between the Wasatch Mountains on the east and the Oquirrh Mountains on the west. Utah County is currently experiencing unprecedented growth. It has consistently been ranked in the top twenty best places to live in the nation by Money Magazine and was ranked in the top twenty best places to do business in America by Forbes magazine. The county's close proximity to the mountains allow residents to experience a spectacular landscape and have easy access to skiing, hiking, fishing, and other nature-oriented activities.

Each Utah County real estate city guide includes general city information, schools, a city website link and the ten best home deals (price per sqft) in that city.

Link Arrow Alpine Utah Real Estate Alpine Utah Real Estate
Link Arrow American Fork Utah Real Estate American Fork Utah Real Estate
Link Arrow Cedar Hills Utah Real Estate Cedar Hills Utah Real Estate
Link Arrow Draper Utah Real Estate Draper Utah Real Estate
Link Arrow Eagle Mountain Utah Real Estate Eagle Mountain Utah Real Estate
Link Arrow Elk Ridge Utah Real Estate Elk Ridge Utah Real Estate
Link Arrow Highland Utah Real Estate Highland Utah Real Estate
Link Arrow Lehi Utah Real Estate Lehi Utah Real Estate
Link Arrow Lindon Utah Real Estate Lindon Utah Real Estate
Link Arrow Mapleton Utah Real Estate Mapleton Utah Real Estate
Link Arrow Orem Utah Real Estate Orem Utah Real Estate
Link Arrow Payson Utah Real Estate Payson Utah Real Estate
Link Arrow Pleasant Grove Utah Real Estate Pleasant Grove Utah Real Estate
Link Arrow Provo Utah Real Estate Provo Utah Real Estate
Link Arrow Santaquin Utah Real Estate Santaquin Utah Real Estate
Link Arrow Saratoga Springs Utah Real Estate Saratoga Springs Utah Real Estate
Link Arrow Spanish Fork Utah Real Estate Spanish Fork Utah Real Estate
Link Arrow Springville Utah Real Estate Springville Utah Real Estate
Link Arrow Sundance Utah Real Estate Sundance Utah Real Estate
Link Arrow Woodland Hills Utah Real Estate Woodland Hills Utah Real Estate

 

ListingUtah.com knows the importance of education. We have fully integrated our Utah County school directory database with your home search. Each school in our database includes a link to the Utah Performance Assessment System for students (U-PASS). Also, included is a link to the school's website. Search for Utah County schools by City, School District, Charter Schools, Public Schools, Private Schools, Elementary Schools, Middle Schools, High Schools, Special Education and Colleges. Identify the school, then search for all listed homes for sale nearby. Or you can find the perfect home, then search for all nearby schools and check out their performance assessment and visit their website.

Each school guide includes general school information, performance assesment link, a school website link and nearby homes for sale.

Link Arrow Elementary Schools Elementary School Guide
Link Arrow Junior High Middle Schools Junior High Middle School Guide
Link Arrow Senior High Schools Senior High School Guide
Link Arrow Charter Schools Charter School Guide
Link Arrow Schools in the Alpine School District Schools in the Alpine School District
Link Arrow Schools in the Provo School District Schools in the Provo School District
Link Arrow Schools in the Nebo School District Schools in the Nebo School District
Link Arrow Special Education Schools Special Education Schools
Link Arrow Public Schools Public Schools
Link Arrow Private Schools Private Schools
Link Arrow Colleges Utah Colleges

 

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Utah Real Estate News Clips
Browse articles for the latest news and information about Utah Real Estate.

Link Arrow 24-April-2008 Rents on the Rise Rents on the Rise
Link Arrow 7-Sept-2007 Mortgage Market Update Mortgage Market Update
Link Arrow 24-Aug-2007 Utah Foreclosures Drop Utah Foreclosures Drop
Link Arrow 24-Aug-2007 Most Affordable Utah Metro Most Affordable Utah Metro
Link Arrow 17-Aug-2007 Radiant Heating Settlement Radiant Heating Settlement
Link Arrow 09-Aug-2007 HUD Provides Huge Discount HUD Provides Huge Discount
Link Arrow 22-Jun-2007 Utah Real Estate Appreciates Utah Real Estate Appreciates
Link Arrow 22-Jun-2007 Mortgage Calculator Real Estate Mortgage Calculator
Link Arrow 18-May-2007 Real Estate Fraud Alert Real Estate Fraud Alert
Link Arrow 07-May-2007 Utah Rents Expected to Rise Utah Rents Expected to Rise
Link Arrow 07-May-2007 Sales Down, Prices Up Sales Down, Prices Up
Link Arrow 13-Apr-2007 Foreclosure Down in Utah Sales Down, Prices Up
Link Arrow 13-Apr-2007 HUD increases FHA mortgage limits HUD increases FHA mortgage limits
Link Arrow 23-Mar-2007 Utah Appreciates Fastest in Nation Utah Appreciates Fastest in Nation
Link Arrow 23-Mar-2007 Utah Home Ownership Statistics Utah Home Ownership Statistics
Link Arrow 25-Jan-2007 Prices Up, Sales Down for 2006 Prices Up, Sales Down for 2006
Link Arrow 25-Jan-2007 Utah Ranks Ninth in Foreclosure Utah Ranks Ninth in Foreclosure
Link Arrow 28-Dec-2006 Utah Price Appreciation Forecast Utah Price Appreciation Forecast
Link Arrow 28-Dec-2006 ARM Handbook Changes ARM Handbook Changes
Link Arrow 21-Dec-2006 PMI Now Deductable PMI Now Deductable
Link Arrow 21-Dec-2006 Best Home Remodel Project Best Home Remodel Project
Link Arrow 29-Sep-2006 Utah Has Lower Closing Costs Utah Has Lower Closing Costs
Link Arrow 01-Aug-2006 Foreclosure Prevention Hotline Foreclosure Prevention Hotline
Link Arrow 21-Jul-2006 Harvard Looks at Renters Harvard Looks at Renters
Link Arrow 26-Jun-2006 No Bubble, Says Harvard No Bubble, Says Harvard
Link Arrow 12-Jun-2006 Identity Theft Protection Identity Theft Protection
Link Arrow 12-Jun-2006 Residential Title Problems Rise Residential Title Problems Rise
Link Arrow 22-May-2006 Environmental Reports Available Environmental Reports Available
Link Arrow 03-Apr-2006 FHA Loans Less Hassle FHA Loans Less Hassle
Link Arrow 03-Apr-2006 Utah Housing Market Stays Strong Utah Housing Market Stays Strong

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