The summer selling season is coming to a close this year and its time to take a look at what has happened since our last update.   PRICE ACTION Despite the pervasively high interest rate environment, house prices have continued to lurch upwards since their 2022 slump.  This summer saw prices climb to near their peaks from early 2022.   However, when we adjust house prices for inflation, house prices haven’t surged nearly as much.  While modestly climbing, overall values remain about where they were last summer.   So, it […]

There is a massive push by policymakers to find rental housing for folks in precarious economic circumstances.  A lot of taxpayer money is focused on this effort via programs.  We share our recent experience with one of these programs and hope to provoke some discussion. A lot to digest here.  In the meantime, if you are looking for a hardworking property manager to handle your property and tenants, give us a call.  801-390-1480

We just listed this unique commercial property located at 897 N. 2000 W. win Farr West, UT.  We have had this property under management for many years and the owner has decided to make some changes in their portfolio.   The property itself is .86 acres and sits on the southern boundary of Farr West City.   The improvements on the lot include a main building in the front, a long row of garage spaces behind, and a very large shop area in the rear of the property.  These structures enclose […]

The last several years has seen a lot of public debate and policy action to deal with Utah’s ever scarcer water resources.  The summers of 2020-2022 were particularly hot and dry which added to the concern.  Many Ogden homeowners lost their green yards to water restrictions and many of us are still getting our lawns to recover from those restrictions.  The silver lining to this was water consumption was down and so were the water bills.   Yesterday, Ogden entered the next chapter in ongoing water management efforts.  The City […]

Progress continues on the Matson House Project as crews work to get us to a final inspection and get things ready for occupancy. We take you on a tour of the improvements we have made since the last update months ago. More updates to come!

It is time for our Spring market update.  In this episode we talk about house prices and the gap between owning and renting.   If you want to know what you can afford to buy in today’s market, give me a call. 801-390-1480

We just listed this beautiful little cottage for sale at 599 8th St.  It is 1650 SQFT, 3 Beds, 2.5 Bath with a big shaded .17 lot.  You might remember this property from a few years ago when we renovated it.  Listed for $364,900. If you are interested in this property, please contact me at 801-390-1480 (Owner/Agent)

Mortgage lenders lately have been wondering how they are going to survive in a low refinance and purchase transaction environment.  This creative thinking process has spawned a host of ideas.  While 2/1 and 3/1 buydown programs have been promoted for purchases, other lending products are targeting existing equity.  At a recent symposium, lenders gathered to learn about reverse mortgage programs, and rallied to make HELOCs and 2nd mortgages a larger portion of their loan business.   Since I have been around a while, this 2nd mortgage and HELOC talk rang […]

We recently closed on this great starter home opportunity on Ogden’s east bench tucked away behind Fresh Market and 20th Street.  It was quite a journey with these clients as we navigated the HOA’s in this sector of the housing market.  You can hear our story and see the home in the video below: If you need to buy or sell a home, give me a call. 801-390-1480

With building material costs high and labor scarce, the cost to build a home is higher than it has been historically.  This increased cost is hampering construction which in turn limits supply and thus increases the cost of existing housing.  Add to this situation historically high interest rates, 40% higher hazard insurance premiums, and record high property taxes.  Has the market had enough yet?  Well, apparently not.   Just last week, April 25th, the Department of Housing and Urban Development announced that any new construction using HUD backed financing (think […]

We recently closed on this triplex in the historic center of Ogden.  Racoons gave us trouble.  Watch to learn more about how the transaction came together and what kind of trouble racoons can cause if you aren’t careful. If you need an experienced agent to help you with your next real estate transaction, give me a call. 801-390-1480

The real estate market appears to be finding its footing after a disorienting adjustment to the high interest rates prevailing for mortgages.  While everyone has been waiting for interest rates to drop, those who know seem to indicate we aren’t going to see much change in the near future.  We will have to learn to live in a market as it is rather than as we wish it to be.  So, lets take a moment and see what is.   Sales volumes appears to be stabilizing after more than a […]

We recently took over management of a property in Ogden and quickly discovered a wild “shed” constructed behind the building. The shed lacked sewer and power services but was borrowing power from the building. Apparently the guy living here had been doing so under the radar on and off for years. We gave him 30 days to vacate as a courtesy. He delayed and deferred for days after and finally vacated after some stern words were offered. This is what he left. If you have a troublesome rental, give us […]

The relatively recent rise in interest rates created an ice storm over the multi-unit real estate market here in Weber County.  Our latest chart shows just how significant the impact has been on sales volume over the past year. The last time Weber County saw multi-unit sales this low was during the dysfunctional mortgage lender meltdown of the Great Financial Crisis.  But unlike last time, when mortgage companies performed hari-kari and disappeared into the scrapbooks of banking history, the current drought in business is strictly related to pricing.  With interest […]

We recently listed this unique investment opportunity at 718 21st Street in Ogden.  The property consists of a .31 acre lot with a 1250 SQFT home on one half of the lot.  The home has been used as a legal non-conforming triplex since the 1920’s.     Each unit has been rented for about $1000/mo. to Section 8 tenants.  One tenant has been there for years and would like to stay.  Each unit is 1 bedroom.   Given the lot size, it is possible to subdivide the lot in order […]