Real Estate - The Salt Lake Tribune http://www.sltrib.com/cat/RealEstate Stories from The Salt Lake Tribune &copy; 2014 The Associated Press, The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our privacy policy: http://www.sltrib.com/pages/privacy. en-us webmaster@sltrib.com (Webmaster) Sales of new U.S. homes plunge 14.5 percent in March http://www.sltrib.com/sltrib/money/57854691-79/homes-percent-sales-month.html.csp Washington • The number of Americans buying new homes plummeted in March to the slowest pace in eight months, a sign that real estate’s spring buying season is off to a weak start. The Commerce Department said Wednesday that sales of new homes declined 14.5 percent last month to a seasonally adjusted annual rate of 384,000. That was the second straight monthly decline and the lowest rate since July 2013. Sales plunged in the Midwest, South and West in March. But they rebounded in the Northeast, ... Washington • The number of Americans buying new homes plummeted in March to the slowest pace in eight months, a sign that real estate’s spring buying season is off to a weak start. The Commerce Department said Wednesday that sales of new homes declined 14.5 percent last month to a seasonally adjusted annual rate of 384,000. That was the second straight monthly decline and the lowest rate since July 2013. Sales plunged in the Midwest, South and West in March. But they rebounded in the Northeast, ... <img src="http://mngislctrib.112.2O7.net/b/ss/mngislctrib/1/H.17--NS/0?&pageName=RSS" height="1" width="1" border="0" alt=""/> 57854691@www.sltrib.com Wed, 23 Apr 2014 10:10:55 MDT Sales of U.S. existing homes slip to a 20-month low http://www.sltrib.com/sltrib/money/57849305-79/sales-percent-homes-million.html.csp Washington • Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers. The National Association of Realtors said Tuesday that sales edged down 0.2 percent to a seasonally adjusted annual rate of 4.59 million. It was the seventh drop in the past eight months. Sales rose in the Northeast and Midwest, suggesting that cold winter weather did not weigh as heavily on sales as in previous ... Washington • Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers. The National Association of Realtors said Tuesday that sales edged down 0.2 percent to a seasonally adjusted annual rate of 4.59 million. It was the seventh drop in the past eight months. Sales rose in the Northeast and Midwest, suggesting that cold winter weather did not weigh as heavily on sales as in previous ... 57849305@www.sltrib.com Tue, 22 Apr 2014 08:18:23 MDT Average U.S. 30-year mortgage rate falls to 4.27 pct http://www.sltrib.com/sltrib/money/57831773-79/average-mortgage-rates-percent.html.csp Washington • Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent. Mortgage rates have risen about a full percentage point since hitting record lows about a year ago. Many analysts have been expecting an improving econo... Washington • Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent. Mortgage rates have risen about a full percentage point since hitting record lows about a year ago. Many analysts have been expecting an improving econo... 57831773@www.sltrib.com Thu, 17 Apr 2014 08:29:02 MDT U.S. home building up in March after frigid winter http://www.sltrib.com/sltrib/money/57826503-79/percent-construction-march-builders.html.csp Washington • U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction. Builders started work on 946,000 homes at a seasonally adjusted annual rate in March, up 2.8 percent from 920,000 in February, the Commerce Department said Wednesday. Construction of single-family homes rose 6 percent, more than offsetting a 3.1 percent drop in the construction of apartments, ... Washington • U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction. Builders started work on 946,000 homes at a seasonally adjusted annual rate in March, up 2.8 percent from 920,000 in February, the Commerce Department said Wednesday. Construction of single-family homes rose 6 percent, more than offsetting a 3.1 percent drop in the construction of apartments, ... 57826503@www.sltrib.com Wed, 16 Apr 2014 08:02:02 MDT Average U.S. 30-year mortgage rate down to 4.34 pct. http://www.sltrib.com/sltrib/money/57801815-79/mortgage-average-percent-rates.html.csp Washington • Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.34 percent from 4.41 percent last week. The average for the 15-year mortgage eased to 3.38 percent from 3.47 percent. Mortgage rates have risen about a full percentage point since hitting record lows about a year ago. Going into the spring buying season... Washington • Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.34 percent from 4.41 percent last week. The average for the 15-year mortgage eased to 3.38 percent from 3.47 percent. Mortgage rates have risen about a full percentage point since hitting record lows about a year ago. Going into the spring buying season... 57801815@www.sltrib.com Thu, 10 Apr 2014 10:07:44 MDT Growing demand for U.S. apartments pushing up rents http://www.sltrib.com/sltrib/money/57770287-79/rents-apartment-percent-buildings.html.csp These are good times for U.S. landlords. For many tenants, not so much. With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon. That bodes well for building owners and their investors. Yet the landlord-friendly trends will likely further strain the finances of many renters. That’s especially true for the 50 percent of them who already spend more than one-third of their pay ... These are good times for U.S. landlords. For many tenants, not so much. With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon. That bodes well for building owners and their investors. Yet the landlord-friendly trends will likely further strain the finances of many renters. That’s especially true for the 50 percent of them who already spend more than one-third of their pay ... 57770287@www.sltrib.com Thu, 03 Apr 2014 12:44:02 MDT Average U.S. 30-year mortgage rate rises to 4.41 pct http://www.sltrib.com/sltrib/money/57769313-79/average-mortgage-percent-rate.html.csp Washington • Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan ticked up to 4.41 percent from 4.40 percent last week. The average for the 15-year mortgage increased to 3.47 percent from 3.42 percent. Mortgage rates have risen about a full percentage point since hitting record lows about a year ago. A report released Tuesday by real estate data provider CoreLogic s... Washington • Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan ticked up to 4.41 percent from 4.40 percent last week. The average for the 15-year mortgage increased to 3.47 percent from 3.42 percent. Mortgage rates have risen about a full percentage point since hitting record lows about a year ago. A report released Tuesday by real estate data provider CoreLogic s... 57769313@www.sltrib.com Thu, 03 Apr 2014 08:50:01 MDT U.S. home prices rose in Feb. despite weaker sales http://www.sltrib.com/sltrib/money/57758292-79/prices-sales-percent-february.html.csp Washington • U.S. home prices rose in February from a year earlier at a solid pace, suggesting that a tight supply of available homes is boosting prices despite slowing sales. Real estate data provider CoreLogic said Tuesday that prices for existing homes rose 12.2 percent in February from a year ago. That was up slightly from January’s year-over-year pace of 12 percent. On a month-to-month basis, prices in February rose 0.8 percent from January. But CoreLogic’s month-to-month prices aren’t adju... Washington • U.S. home prices rose in February from a year earlier at a solid pace, suggesting that a tight supply of available homes is boosting prices despite slowing sales. Real estate data provider CoreLogic said Tuesday that prices for existing homes rose 12.2 percent in February from a year ago. That was up slightly from January’s year-over-year pace of 12 percent. On a month-to-month basis, prices in February rose 0.8 percent from January. But CoreLogic’s month-to-month prices aren’t adju... 57758292@www.sltrib.com Tue, 01 Apr 2014 08:18:01 MDT Modern office space rising in Cottonwood Heights http://www.sltrib.com/sltrib/money/57709388-79/cottonwood-office-space-buildings.html.csp Cottonwood Heights • A major piece of commercial development is falling into place for Salt Lake County’s youngest city. Construction began in late February on the first of two high-end office buildings called Cornerstone I and II in Cottonwood Corporate Center, the business park in Cottonwood Heights just south of the intersection of 6200 South and Interstate 215 near Old Mill Golf Course. The $80 million project by Cottonwood Partners, a real estate-development company with primary offices i... Cottonwood Heights • A major piece of commercial development is falling into place for Salt Lake County’s youngest city. Construction began in late February on the first of two high-end office buildings called Cornerstone I and II in Cottonwood Corporate Center, the business park in Cottonwood Heights just south of the intersection of 6200 South and Interstate 215 near Old Mill Golf Course. The $80 million project by Cottonwood Partners, a real estate-development company with primary offices i... 57709388@www.sltrib.com Mon, 31 Mar 2014 08:14:46 MDT Confidence, home markets on the rise in Utah http://www.sltrib.com/sltrib/money/57728932-79/bank-confidence-points-zions.html.csp The moving boxes in Kelly Lear’s new living room on Salt Lake City’s east bench contain a healthy share of optimism. She and husband Jonathan lived in his parents’ house in The Avenues for nearly three years as the extended family waited for real estate markets to firm up enough for that home to sell. Now the couple and three kids are unpacking in their latest dream: a 6,000-plus square foot ground-up remodel of a home in southeast Salt Lake’s Country Club neighborhood. “This just kind of fit,”... The moving boxes in Kelly Lear’s new living room on Salt Lake City’s east bench contain a healthy share of optimism. She and husband Jonathan lived in his parents’ house in The Avenues for nearly three years as the extended family waited for real estate markets to firm up enough for that home to sell. Now the couple and three kids are unpacking in their latest dream: a 6,000-plus square foot ground-up remodel of a home in southeast Salt Lake’s Country Club neighborhood. “This just kind of fit,”... 57728932@www.sltrib.com Wed, 26 Mar 2014 10:06:33 MDT