Browsing Posts From: Research

DIZZY:  Market Charts Show Real Estate’s Extreme Altitude

July 11, 2016 Posted by: Jeremy Peterson

The real estate market has been on an unprecedented run this year.  A surging local job market combined with limited inventory has pushed all of the normal market dynamics to extreme territory.  Buyers know this as homes they pursue are snatched up before they can even submit an offer.  Sellers know this because they are smiling all the way to the bank.  The anecdotes are compelling but the charts really tell the story.  Lets take a look at a few: First, lets take a look at what residential real estate values […]

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Posted In: Research

April 14, 2016 Posted by: Jeremy Peterson

If you live in the Ogden area and feel like house prices are a lot higher than they were a couple years ago, you would be right.  House prices continue to spring upwards as the jobs market is red hot and there are more buyers in the market than there are sellers.  Such conditions put sellers in control of market pricing and this latest run has put home prices in Weber County higher than ever before. To illustrate the price movements, here is a chart of two Ogden neighborhoods. One is […]

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Posted In: Research

April 6, 2016 Posted by: Jeremy Peterson

  Our brokerage has an excellent track record of screening and placing well qualified tenants in the rental units we manage.  Many of our clients choose us over other property management companies due to this reputation.  However, when we assume management of a property with existing tenants in place, we often have to replace under-qualified tenants as they start to under-perform.  We had such a situation occur this past month. On February 1st we assumed management authority for a rental unit on Harrison Blvd. in Ogden.  We quickly placed a […]

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CHART:  Hottest Seller’s Market…But For How Long?

December 2, 2015 Posted by: Jeremy Peterson

One of the market indicators that helps us track the real estate market cycle is “Days On Market” (aka DOM).  This is a simple measurement that tells us how long a home is marketed for sale before an offer is accepted on the property.  It marks the time between the home being officially put up for sale and the seller signing a purchased contract with a buyer.   As such, it is a measure of demand and tells us how “hot” or “cold” the market is in any given moment. […]

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REAL ESTATE INVESTMENT:  A Look At Current Market Trends

September 23, 2015 Posted by: Jeremy Peterson

Real Estate is a powerful tool for creating wealth.  It is a relatively stable investment that can be used to reduce tax burdens, improve income,  increase net worth, and preserve wealth through the generations.  So, when it comes to getting in the market and finding the right investments, it is important to know the underlying market trends that are making things happen. Since residential income property is one of the best sources of rent revenues, lets take a look at how the market has behaved over the past several years. […]

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Posted In: Research

HOUSE PRICES:  UP, UP, UP, UP, UP!

September 21, 2015 Posted by: Jeremy Peterson

Every once in a while, I will take a moment to check in on market statistics to see if what I am experiencing day-to-day in the field matches what is happening across the county.  Once again, my suspicions have been confirmed. The chart you see represents the median price per square foot for homes sold in Weber County.  Using price-per-square-foot as our guide helps us get a better feel for the overall value of homes when stacked side by side.  Using this measure in the overall market shows us trends […]

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