Browsing Posts From: Uncategorized

A lot has happened in the market since the last update.  Here is a quick lighthearted update with all the charts and graphs you crave.

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.  […]

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 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 […]

We completed the total turnaround of this fourplex in Layton. The project was not for the faint of heart. Here is our before and after presentation. If you need management services, give us a call at 801-390-1480.  You won’t be disappointed.

We embarked on an ambitious project of creating a historic style garden shed that would honor and compliment the historic homes in our neighborhood. We also wanted it to function for 100 years or more long after we are gone. Needless to say, a plastic shed wasn’t going to make the cut. Here is a video of 10 weeks of sporadic work compressed into less than three minutes.  Other My Old House videos are available on our Youtube channel. Enjoy!

We just listed this large fourplex property located at 545 22nd Street in Ogden. We have managed this building for the owner for the past six years. The building is nearly 2,900 SQFT with three levels. It sits across from the new Stone Hill subdivision. Rent Rolls are as follows: Unit 1 – $635 – Lease Expires August 31st. Rents increasing to $750 2 – $650 – Lease Expires August 31st. Rents increasing to $750 3 – $685 – Tenant vacating July 31st. Rents increasing to $750 4 – $825 […]

It is time for another real estate market update.  In this episode, I conjure the powers of science to provide a graphic representation of what is happening in the market right now.  You won’t be disappointed.   If you are in the market to buy or sell a home, give me a call. 801-390-1480

After a two year hiatus, we just relisted this amazing example of historic Queen Anne Victorian architecture located at 2447 Monroe Blvd. in Ogden, Utah.  The home was built in 1899 by W.G. and Elizabeth Biddle.  Both were handcart pioneers who homesteaded in Utah after relocating from England.  They constructed the home in the later years of their life. The home is currently configured as a duplex and is fully occupied with rents of  $2225 per month.  The home sits on an impressive .20 acres city lot across the street […]

We just closed on the sale of this listing located on Historic 25th Street in Ogden.  Amazing location that you will want to learn more about.  Here is a video walking tour of the home along with the story of its sale. If you or anyone you know is looking to sell their home, give me a call at 801-390-1480.

With 46,000 unhoused households in Utah scouring the market for a place to live, builders have every incentive in the world to construct new housing for the clamoring masses.   Many massive projects have already broken ground and are reshaping Ogden’s cityscape.  More is on the way.  Here are a few projects recently proposed:     LIBERTY COTTAGES This project has been in the background for quite some time.  The lots were mostly assembled in 2019 and the owner recently resubmitted their application for approval.  The project proposes inserting a “tendril” […]

We just closed on the sale of this fixer upper property on the East Bench in Ogden, Utah. The home has good bones but is going to need some work if it’s going to serve as a viable and stable rental property. Check out the walking tour and learn more about the competition to purchase this diamond in the rough.

There are a lot of intriguing developments happening in Ogden. ENCIRCLE OGDEN The Encircle program, a non-profit dedicated to providing an impartial safe space for LGBTQ youth and their families to gather and receive support, has recently purchased the lot located at 2470 Washington Blvd. The lot has acted as a “park” for decades.  The prior owner, also the prior owner of the Windsor Hotel which recently sold, had planned to develop housing on the lot but a sour experience with the Ogden City Council in 2008 regarding the Windsor […]

I had the privilege of presenting to the Northern Utah Real Estate Investor’s Association this week and share the latest market trends and movements.  Our discussion touched on a wide variety of topics.  If you are eager to learn more about the Weber County real estate market and real estate investing, this video will be well worth your time.   f

Yet another blistering housing report for October.  House prices are up an unbelievable 20.7% year over year.  Wow.  Meanwhile, prices increased a heady 1.7% month over month from September.    Sales volume essentially held steady from September  while days on market ties a record low set in summer of 2019 of just 6 days.  We will just look at the numbers in stunned silence for now.