Comments about ‘Utah housing sector expected to improve over the next two years’

the thing that blows me away is I read out our way we now have a housing shortage.... how in the world could the world have changed so much in such a few months..... go figure. I am not looking, nor am I selling though, so doesn't make much difference to me either way.

According to area and state economists, Saint George, Utah is in the midst of an amazing rebound.
All aspects of the economy here on the upswing. Real estate selling very quickly once again, among other positives.

Utah traditionally follows certain trends in Las Vegas and Phoenix so this isn't that much of a surprise. The shortage is due to owners not wanting to list their home during the holidays. That in addition to NO homes being foreclosed on in the months leading up to the election (higher power at work there?) causing fewer short sales has this being one of the best times to sell AND buy. Sales increased for 18 months but its only been the past few that "Sold Price" is also beginning to rebound. A perfect storm..

Beware of Utah Housing Corp. They will work hard to get you a loan AND KEEP YOU IN IT. Utah Housing is the only lender that will not let you subordinate a second mortgage. They also will not refinance your mortgage. This mean after 5 years of never missing or being late on a payment, I am stuck with a high interest rate. No other lender will touch me because Utah Housing will not subordinate the second mortgage!