A recent Gallup / Healthways survey of over 355,000 Americans compared "well being" rankings between all 50 states. As provided by the Gallup website (links below), "the Well-Being Index score ... for each state is an average of six sub-indexes, which examine life evaluation, healthy behaviors, work environment, physical health, emotional health, and access to basic necessities".
Utah was ranked first in this survey, followed by Hawaii and Wyoming.
For the subcategory "Work Environment", Utah also ranked #1.
WEBSITE: http://www.gallup.com/poll/116497/Rankings-Reveal-State-Strengths-Weaknesses.aspx
MARCH 19, 2009 UPDATE: Please refer to the link to Utah Housing for more information
http://b2b.utahhousingcorp.org/HomeRun.htm
Following are highlights of a new housing stimulus package, to be administered by the Utah Housing Authority, for homes purchased in the state of Utah. This law was passed just yesterday, March 12, 2009:
- $6000 Grant for new construction (to qualify, the home must have never been lived in)
- Income guidelines are the same as the federal tax credit program
- Any type of loan can be used to purchase the home, not limited to FHA or Utah Housing
- Applications are to be obtained through Utah Housing, and must be submitted to them once completed
- Once an application has been approved, applicants have 90 days to close on a NEW home
- ALL Homebuyers are eligible for this program, not just first time homebuyers!
- $10,000 Million is Available for this program - First Come, First Serve
- First time homebuyers can combine the $8000 first time federal tax credit with this program for a total $14,000 in federal and state credits.
Please feel free to contact me for additional details on this great new program
Email: John@RockyMountainHomes.net
801-745-2619
John Allaire, Prudential Utah Real Estate
Good News! The new stimulus bill signed by the President last week makes some positive, immediate changes to the first time homebuyer tax credit. As you may recall, the tax credit was previously $7500, plus it had to be repaid over 15 years or whenever you sold the home. Last week, this changed to an $8000 CREDIT or 10% of the home's value, whichever is less. The Credit does NOT need to be repaid as long as you stay in the home for at least 3 years. Another big plus - if you purchase a home in 2009, the IRS will allow you to get the credit when you file your 2008 tax return. If you have already filed for 2008, you can still get the credit in the form of a check if you file an amended return. In other words, if you buy a home before April 15th, you are eligible to receive $8000 or 10% of the value of the home you purchase (whichever is less) by May or June, once the IRS processes your return.
Below is a chart showing statistics for all homes sold in the Ogden Valley in 2008. Homes in areas outside of the Ogden Valley proper (homes and cabins in recreational / seasonal communities in eastern Weber County such as Evergreen, Causey Estates, Sunridge and Monte Cristo) have been excluded to avoid skewing the data, since these are considered a different market. All homes represented below are in the "core" Ogden Valley area, providing year around access.
Please feel free to contact me for additional market information on condos, land and recreational properties in Northern Utah.
I would like to know what real estate agents, mortgage loan underwriters and appraisers feel the impact of builder/developer-owned closeouts, marketed and sold as pocket listings (non-MLS) have, by artificially inflating values in deteriorating markets, especially in non-disclosure states like Utah. In my opinion, these non-MLS closeouts DO represent part of the true market (just as short sales and REO properties), and should be incorporated into sales comps that are included as comps by appraisers, but... are may not be. If buyer's agents are not made aware of these "firesale" programs, the last line of defense is the appraiser, who may not have access to this non-MLS information.
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Northern UT residential & recreational specialist. Eden,Huntsville,Liberty,Powder Mountain,Snowbasin,Pineview,Monte Cristo,Causey. Residential,camping & hunting property, cabins, 2nd / vacation homes.
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