Housing prices appear strong on the surface

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  • Let's be reasonable Baghdad, 00
    April 2, 2013 10:38 a.m.

    To My 2 cents:

    I disagree. There is currently a huge influene on why housing prices are going up. It may not be a permenent thing, but it is driving prices up and it is real. Supply. Right now home-owners are scared and when they are scared they sit tight. Go right now and look at Realtor dot com, zillow or utah homes and you will see there is an extreme derth of affordable housing. No one is selling. Of the ones that are being sold, many are short sales and FCs. Many people who want to buy a house are not interested in waiting and working and possibly being frustrated totally and not getting the house.

    So. The house that is a good one and is on the market right now is bought up in a short time. No warts, no stories, no needed explainations? SOLD. So with supply low and demand pent up housing prices go up. It can be remedied by pent up demand to sell - people finally want to sell and move, or move up or whatever, when that starts to happen then prices may slow their increase. But as for now they are up.

  • My2Cents Taylorsville, UT
    April 2, 2013 3:31 a.m.

    Not much of a justification given for the increased housing costs in many states and communities across america. And most reasons given are not true, the local government and county taxation departments are inflating the value and price of homes, not the market demand as the story implies. Demand is still on the decline as wages and inflation by taxation are in opposing trends upsetting the facts and reality in real-estate markets.

    In Utah the county and city government tax increases have raised property values to offset losses by financial bankruptcies still lingering in the housing market. Inflating home values is last legal means of inflating the economy for governmemt expansion. The market values are inflated for tax revenues, falsifying this accusation of recovery.

    For every job lost in private sectors, means the market will have 7 times the economic loss plus tax revenues on incomes. Poverty jobs and welfare paid illegals cannot buy homes, and Utah job income is below poverty level while welfare income is tax free upper middle class.