Tuesday, March 20, 2007

St George Ut Real Estate

St George Ut real estate values may be affected in the upcoming future by the recent 'subprime meltdown', a certain type of home loan that is experiencing heavy rates of default and foreclosure. Although subprime represents a very small portion on home loans overall, the media has hyped it up and investors have become worried reflecting increased volitility in both Stocks and Bonds. While the stock market is taking a beating, causing money to flow into Bonds and Mortgage Backed Securities, which benefit home loan rates- the longer term picture may spell higher interest rates ahead. All this could help to quell any pick up felt in our St George Ut real estate market, leading to longer sell times on the market and perhaps a stagnation on any price appreciation.

Monday, March 05, 2007

2007 Sales Likely to Be Down, But Prices Should Be Slightly Up

Local St George Real Estate Market - 2007
Here in St George, there has been a tangable pick-up, but it is not the huge pick up we, as realtors would have liked. But often momentum builds slowly. Feel free to browse the St George Utah Real Estate Market.

National Market - 2007
Nationally, NAR says it expects existing-home sales to rise gradually in 2007 with annual totals comparable to 2006, but new-home sales will continue to slide.

Strength in the service industry will help to keep the job market healthy. Economists expect year-to-year inflation to decline. They guess that the Fed will shift its focus from fighting inflation to helping the economy grow, lowering short term interest rates.