Shane Calder - Logan Utah Real Estate

Providence Utah Real Estate

Providence Utah Homes

The $6,000 Utah grant money has passed both the Utah Senate and House, and is awaiting the Governor's signature. It is expected that he will sign it without any hesitations when it comes accross his desk.

The money for Senate Bill 260, sponsored by Sen. Scott Jenkins will come from the $10,000,000 that Utah is set to receive for housing assistance from the federal stimulus package. This means the money will be limited, and it is estimated that only 1,600 people will be able to receive the $6,000 grant.

Some important points include:

- Up to $6,000 - which can be applied towards a down payment.
- For new construction only.
- Not limited to first time home buyers, but does allow second, and even third time home buyers the opportunity to receive this money, as long as their home is new construction.
- Income limits are $75,000 for a single person, and $150,000 for married filing jointly.
- Can be combined with the recent federal $8,000 first time homebuyer tax credit.

It is estimated that the job growth and revenue for the state from this program will exceed $27,000,000, so this program will be good for the state all around.

These grants are time sensitive, and will only be available for as long as the money is available, so contact Shane Calder with Cornerstone Real Estate, or e-mail Shane@utahcornerstone.com , for more information on how to obtain this grant money when it becomes available.

Providence Utah real estate has taken a slight hit from the latest downturn in the economy. Looking at the yearly comparisons from 2007 to 2008, it seems that homes for sale in Providence, Utah have increased, and in turn so have the days on the market. From 2007-2008, the Providence Utah home market's average days on market have increased from 61 to 75 days. This means it is taking an average of 2 weeks longer to sale a home in Providence Utah. The total number of homes on the market also increased from 2171 in 2007 to 2230 in 2008.

The Providence Utah real estate market has had a slight drop in homes sold compared to last year. Within a year there have been 84 Providence, Utah homes sold. As Spring sets in we are looking for this number to increase substantially. The outlook for the Providence market is looking to stablize, hopefully return to steady numbers by the end of the summer. Hopefully the rest of Utah will follow.

To see all Providence, Utah homes on the market please go to www.shanecalder.com

Providence Utah Real Estate has shown a increase in active homes on the market from previous months. Currently there are 72 active homes in the Providence Utah home market. Compared to last year at this time, the active listings are actually down. It has changed, but not by much. The Providence home market should increse in listings as we get closer to the Spring. When that happens we should be prepared for the water gates to open up and see the active listings stablize and the sold listings to increase!

The nationwide recession has landed on Utah with a lighter touch than the rest of the country, at least so far. A new report shows Utah cities, especially Logan, are among the best places to find and keep a job.

Many businesses are thriving in Logan because of the job diversity.

Logan and Utah benefit from economic diversity. The broader the base, the sturdier it is, and Utah has many jobs in health care, education and government -- sectors that tend to hold their jobs in a recession.

Many economists say the method of collecting unemployment data fails to count many people who are unemployed or underemployed, and it sometimes gives a misleading picture because it lags behind other economic indicators.

The Logan Utah home market is also rising steadily, as well as the Providence Utah home market.