Headlines have been made recently regarding changes in mortgage interest rate pricing implemented by the Federal Housing Finance Administration.  It was proposed, and is now implemented, that interest rate pricing changes be made to accommodate first time home buyers and those who have less access to loans and capital to purchase a home.   While this policy on its face sounds like a kind and generous effort to improve the standards of living of many disadvantaged people, the means by which the policy works to accomplish this are less benevolent.  […]

Four years ago we began work on the Ambrose P. Hibbs home located at 2223 Adams Ave. in Ogden.  What began as a basic lipstick job turned into a major renovation and restoration of the building. But the work wasn’t complete.  The exterior of the building and some important interior details were left untouched. Last year we began work on the exterior to improve a basement apartment space and we also began work on fixing up the sad and depressing back porch.  We had enough video material to create some […]

Utah’s housing market is broken up into different segments.  One of the major divisions in housing stock is the difference between parcels designed for one occupant (i.e. townhomes, homes, condos) and those designed for  multiple occupants (i.e. duplexes, triplexes, fourplexes, etc.).  With Utah’s housing shortage now entering its 9th year, it seemed appropriate to take a look at the multi unit market and see how it has performed during this market cycle.   While demand for housing has put pressure on all available housing stock, the multi-unit universe operates by […]

The Ogden City Council met recently to vote on proposed zoning changes to downtown Ogden and portions of the East Central Historic District (Trolley District) neighborhood.  The Council voted in favor of the changes. Here is a map of the new zones:   In the downtown core, new zones allow for buildings up to 20 stories tall.  That has the potential to impact the cityscape significantly. Meanwhile, a couple of the more fascinating aspects of the proposal regard residential zoning changes in the East Central Historic District (aka Trolley District) […]

We want to congratulate our sellers on the closing of the sale of their home in Layton.  This was a very unique property given its location and build date.  The dynamic market conditions also made the sale an interesting experience.  Here is the story:   If you or anyone you know is in the market to buy or sell a home, give Jeremy Peterson a call at 801-390-1480

We just closed on the sale of this listing in Ogden.  It was a wild ride dealing with the changing market and trying to adapt to buyer’s needs.  Here is the story: If you or anyone you know is thinking of buying or selling a home, we are ready to help.  Give Jeremy Peterson a call at 801-390-1480.

Recently we received a lead through our online portal purporting to be a land owner in Eden wanting to sell his lot.  We will call him George.  He expressed urgency and wanted us to find out the market value of his land.  As with all of our leads, we were excited at the prospect of helping someone in need of our services.   Looking at his property’s title history, we saw that he had purchased the lot in 2021 and that he lived in Canada.  He also had a Croatian […]

In the property management business, no good deed goes unpunished.  In this case, a government program asked us to make exceptions on our screening criteria to house a tenant that was highly disadvantaged and working their way out of poverty.  We secured a deposit equal to almost two months rent and the program guaranteed the first several months of rent.  The plan was for the tenant to be on their feet and self sustaining after the first few months. As fate would have it, the tenant did become self sufficient […]

We just closed on the purchase of this Roy, Utah home for some buyers. Check out the scoop on the interior features and the story behind the purchase.

Check out the sad and tragic story of this once proud Ogden home as it transitioned from Victorian landmark to voluminous landfill material.

Check out the latest charts and graphs as the real estate market continues its dynamic adjustment to mortgage rates and other economic forces.

The 2023 General Session of the Utah Legislature has come to a close and now that the dust is settling, we get to see what happened.  On the rental property front there were several bills proposed that would have disrupted business as usual.  Happily, these bad ideas were squashed and some common sense legislation emerged from melee. HB314 Remedies for Victims of Domestic Violence This bill deals with releasing tenants who have been victims of domestic violence from their lease obligations.  In the event that a tenant experiences domestic violence […]

The Ogden Planning Commission has been busy hearing about proposed developments in Ogden City.  Two big projects stand out.   THE MARSHALL WHITE CENTER In what has become one of the biggest political footballs in Ogden City since the pool failed at the existing MWC, it appears we will finally be nearing some closure on this contentious issue.  A developer has made a proposal to the commission to construct a massive modern structure to replace the ailing facility at 28th and Lincoln Ave.   The proposed facility will host a […]

Property Managers and income property owners were given a shock this week as news from the White House indicates a major push by the Federal Government to intervene in the rental housing market. Recent announcements suggest that the balance of power in the rental housing market will be tilted more in favor of tenants under the new initiative. While the stated intentions seem noble (we haven’t seen a government proposal that isn’t wrapped in noble intentions), there is the lurking trouble of details and unintended consequences. The initiative calls itself […]

The market continues to shift. Here is the latest charts, graphs, and stats.     If you need help with buying, selling, or property management, give me a call at 801-390-1480