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    • September 2015 Marker Overview October 9, 2015
      Five Year Count-Unit Sales Collaboratively administrate empowered markets via plug-and-play networks. Dynamically procrastinate B2C users after installed base benefits. Dramatically visualize customer directed convergence without revolutionary ROI. Efficiently unleash cross-media information without cross-media value. Quickly maximize timely deliverables for […]
    • Jake Breen and Michael Pappas walkthrough of Fort Street – Draper, Utah October 9, 2015
      We know you are out there looking for off market deals since inventory is so low on east side SLC.  Well we’ve got one springing out of the ground as we speak. Jake Breen and Michael Pappas from UtahCribs.com did a walkthrough of our Fort Street spec home in the flats ... Read More The post Jake Breen and Michael Pappas walkthrough of Fort Street – Draper, U […]
      Jake Breen
    • Bell Canyon – Historic Granite, Sandy Utah September 30, 2015
      Bell Canyon, located in the Historic Granite area of Sandy, Utah is a beautiful hike with multiple waterfalls and reservoirs along its route, along with stunning views of the Salt Lake Valley. The canyon is located at about 10245 South on Wasatch Blvd above the community of Sandy, and is a 9.5 ... Read More The post Bell Canyon – Historic Granite, Sandy Utah […]
      Jake Breen
    • Are home values rising on the Wasatch Front? September 28, 2015
      In the last few years we’ve seen some massive appreciation in Salt Lake County. In fact, over the summer, our median price reached an all-time high, as well as a record in volume of sales. In June and July of this year, we actually sold over $500 million in real estate ... Read More The post Are home values rising on the Wasatch Front? appeared first on Utah […]
      Jake Breen
    • Making the most of Utah’s fall! September 23, 2015
      Fall is here and the forecast over the weekend looks sunny and warm! Its going to be a great time to get out, hike and see the beautiful leaves in color. Here are some suggested areas around the state you may want to visit: 1: Provo Canyon ( Zip Code ... Read More The post Making the most of Utah’s fall! appeared first on UtahCribs.
      David Desso
    • Selling your home as a For Sale By Owner (FSBO) September 21, 2015
      Selling your home by yourself is not for everyone, but if you do decide to take this path Andrew Fortune from greatcoloradohomes.com has created a nifty flowchart to help you get started. Source: http://www.greatcoloradohomes.com   The post Selling your home as a For Sale By Owner (FSBO) appeared first on UtahCribs.
      Spencer Janke
    • August 2015 Market Overview September 16, 2015
      Summary: Although summer has been hot and unprecedented in certain stats (total volume, days on market) the market is showing signs of slowing and these signs are a bit greater than your average seasonal slow down. This trend is presenting itself across all counties Wasatch Front. August active listings were ... Read More The post August 2015 Market Overview […]
      Jake Breen
    • Zip Code Breakdown: 84106 – Sugar House August 19, 2014
      Utah Cribs Real Estate team would like to welcome you to the area of Sugar House, Salt Lake City, Utah. In this area as of 2014: the population is currently 33,000, median household income is 64,800, the median age is 32, and unemployment rate is 3.5%. This area includes the ... Read More The post Zip Code Breakdown: 84106 – Sugar House appeared first on Uta […]
      Spencer Janke
    • Zip Code Breakdown: 84121 – Cottonwood Heights August 19, 2014
      Utah Cribs Real Estate team would like to welcome you to Cottonwood Heights zip code 84121 in Salt Lake City, Utah. This zip code as of 2014: population is currently 35,000, median household is 68,000, median age is 37, and the unemployment rate is 3.9%. Cottonwood Heights is a great ... Read More The post Zip Code Breakdown: 84121 – Cottonwood Heights appea […]
      Spencer Janke
    • Zip Code Breakdown: 84092 – Dimple Dell August 19, 2014
      The Utah Cribs Real Estate team would like to welcome you to Dimple Dell, Historic Granite, and the Pepperwood areas in the town of Sandy, Utah 84092. In the area of Granite itself; the population is currently two thousand, the median household income is $132,000, unemployment is 3.98%, and the ... Read More The post Zip Code Breakdown: 84092 – Dimple Dell a […]
      Jake Breen
  • Blog Flux Local - Utah
  • Spencer Janke

    Update on Interest Rates! Rates continue to fluctuate

    Posted by spencerjanke on March 4, 2010

    Weekly national mortgage survey

    Interest Rates went down a little again this week. After jumping a little at the end of last week. In the last couple of days we are seeing  a huge surge of Refi applications throughout the United States. As buyers and home owners prepare for higher interest rates in the months ahead.

    Apparently everyone is heeding my warnings, and have finally realized these rates are a very short term situation. Consumers are preparing for rates to jump back up to what they need to be. It is going to be intersting to see how this shakes out in the economy. I keep having this discussion with many other professionals, and it shocks me to hear the many different opinions. I mean, really? How can you not see that rates can not stay as low as they are currently? With inflation looming over our heads, if we don’t do something things could get a lot worse really fast. Lets just cross our fingers and pray at this point :)..

    And if you are in the market and want to take advantage of a great deal, and an incredible interest Rate In UTAH, check out the new Bank Foreclosure site for UTAH

    Bank Foreclosures in UTAH

    Posted in interest rates | Tagged: , | 1 Comment »

    Bank Foreclosures, REO Properties in your area…

    Posted by spencerjanke on March 1, 2010

    Bank Foreclosures! That is what the magic word in this economy. Everyone want a Bank Foreclosed home. Spencer, I want a deal on a Bank REPO.. Wow me too…

    We will most likely see a spike in Foreclosures in 2010, we still need to weed out some of tha bad toxic assets that some banks have been holding onto. It will be a relief when we can actually get rid of some of the inventory. Now, in the meantime it is going to be a little painful to get through it all. So many people have questions about the process of finding bank deals, REO properties.. The best thing to do is get in touch with a local Real Estate Broker, who has proven experience in that area, and they will be able to provide you with all of the lists of Bank Foreclosures in your state and local areas..

    If you are looking for a bank foreclosed home in UTAH check out the REO’s in UTAH..


    Top Foreclosure Cities

    1. Las Vegas, NV (30,387)
    2. Chicago, IL (21,799)
    3. Phoenix, AZ (15,843)
    4. Los Angeles, CA (10,993)
    5. Miami, FL (8,299)
    6. Sacramento, CA (7,197)
    7. Houston, TX (7,076)
    8. North Las Vegas, NV (7,076)
    9. Orlando, FL (6,714)
    10. San Diego, CA (6,431)
    11. Philadelphia, PA (6,344)
    12. Jacksonville, FL (6,280)
    13. Atlanta, GA (6,261)
    14. Indianapolis, IN (6,186)
    15. Bakersfield, CA (5,929)
    Weak Data Moves Mortgage Rates Lower
    Highlights Average 30 yr fixed rate Stocks (Weekly)
    Weekly Jobless Claims unexpectedly jumped to a three-month high
    January New Home Sales dropped 11% from December to a record low
    Bernanke said he doesn’t anticipate any MBS sales by the Fed in the near term
    The Fed purchased $11 billion in agency MBS, with about $44 billion more to go
    This week: -0.10% Dow: 10,350 -50
    Last week: +0.10% NASDAQ: 2,240 -10
    After several weeks of focus on Fed actions and events in foreign markets, domestic economic data was the primary influence on mortgage markets this week. Weaker than expected results from the data helped mortgage rates, which ended the week lower.

    While it is rarely a big market mover, this week’s Consumer Confidence report shocked investors. The index declined to 46.0, far below the consensus forecast of 55.0, and the lowest level in nine months. Consumers are clearly worried about the labor market, and an increase in Jobless Claims in recent weeks has amplified the issue. The decline in confidence has potentially negative consequences for the economy. Consumer spending accounts for about 70% of economic activity, and this data raises concerns about the level of future spending. Also, home sales suffer during periods of low consumer confidence, and the housing data released this week reflected consumer insecurity. Of course, slower economic growth is favorable for mortgage rates, which fell after the report came out.

    In contrast to the weakness seen in many of the consumer-driven economic reports, the manufacturing sector has been demonstrating strong performance in recent months. Fourth quarter Gross Domestic Product (GDP), the broadest measure of economic activity, rose at a brisk 5.9% annual rate, largely due to a pickup in manufacturing. The added boost from manufacturing may be temporary, however. During the financial crisis, companies drew down inventories as much as possible to conserve capital. As the economy has shown improvement, companies have been increasing inventories closer to pre-crisis levels. When the inventory rebuilding is complete, manufacturing is expected to return to more normal levels.

    Posted in Uncategorized | Tagged: , | 1 Comment »

    Mortgage Rates Climb this week! Interest rates went up this week…

    Posted by spencerjanke on February 25, 2010

    Ok, so I hate to say I told you so. But, I TOLD YOU SO!!! Interest rates climbed 4 basis points this week. Making the average on a 30 year fixed mortgage 5.15% . So all of you who have been saying, “no, interest rates won’t rise.” You were wrong. Last week, I took a lot of flack for saying when the fed raised the bank rate, that interest rates would immediately follow. I was schooled by a few professionals who informed me the bank rate has nothing to do with consumer rates? Duh, I know exactly what the bank rate is. And I also am a fan of history. So if you look back consumer interest rates always go up after the bank rate goes up.

    Interest Rates are on the RISE

    So, I am now writing this post to say I told you so.. We all knew interest rates wouldn’t stay as low as they have been forever right? I mean the whole inflation aspect which I don’t even want to get into is another issue. But, people need to realize at some point we are going to start having to pay for all the spending we are doing as a country. One of those ways is by raising rates. Companies will make more money, they can pay more taxes. It is a gigantic cyle, what goes up must go down. Now the thing the media doesn’t want to tell you , because they love to instill fear the society. What goes down, must go up! So, once again I am going to take the standpoint of we are in for a pretty rock road for the next 6 months. But then, I am going to go out on a limb and say we will see an uptick.. Just my opinion.

    Now, really fast we need to express the interest rate situation.

    1. Interest Rate went up this week
    2. Interest Rate’s are going to keep going up.. How much? I would say a full point. I wouldn’t be surprised to see interest Rates in the 6% range this summer
    3. Tax incentives are up in April…
    4. Home values for affordable housing are at their low in majority of locations.
    5. Act now, or you will be upset in 6 months, and I will be telling you I told you so again..

    I would love to hear your opinion about Interest Rates, so comment email or whatever..

    Also if you are looking for a great deal in Utah.. Check out the free list of Bank foreclosures in UTAH

    Bank Foreclosure in UTAH

    Posted in Economy Update., interest rates | Tagged: , | Leave a Comment »

    Fed Raises Bank rate.. Will interest rates follow? INTEREST RATES ON THE RISE?

    Posted by UtahCribs, Real Estate, Homes on February 19, 2010

    So I am sure many of you have heard the news. The fed announced this morning they are raising the Bank Rate. IF you would like more info on what does that mean, check out this site

    What is the Bank Rate?

    Do I agree with this article compeltely? No, I don’t. I think just the opposite, I think this means we can expect the Consumer Rate, or interest Rates to follow in the footsteps of the bank rate. The fed also announced they are going to discontinue the purchase of mortgage backed securities. What do you think that is going to do to the market? Don’t you think that will effect the bond market? In turn interest rates will go up..

    Interest Rate are on the Rise!

    So many people are trying to interpret what this means? Well I am obviously a part of that crowd, but I think in more realistic terms. It is reality they will go up, its just a matter of time.

    So for you first time home buyers, take advantage of it now, get a low interest rate, get a tax credit, take advantage of the gluttony of homes on the market…

    Utah Bank Foreclosures

    Posted in Economy Update. | Tagged: , | 1 Comment »

    Your Credit Score effects your Interest Rate.. News on Current Interest Rates

    Posted by UtahCribs, Real Estate, Homes on February 17, 2010

    When it comes to interest rates, one of the biggest questions I get from buyers (First Time Home Buyers), is what effects the interest rate a bank will give me? Great questions, banks look at several different factors when determining someone’s elegibility to receive a loan.

    One of the biggest factors is your Credit Score.

    Credit score and interest rates..

    If you have a credit score under 620, good luck getting a loan. And if you get a loan, your interest rate will be a lot higher than the average..Your DTI will be the next factor in getting a loan. DTI? Debt to Income Ratio. This means, how much debt do you have and are obligated to pay on in relation to how much money you make.

    Another factor is job history, if you are someone who changes jobs often and has not been with one employer for a significant amount of time. Most banks will look at you as a risky buyer. There are many other factors effecting the loan approval process, if you would like more information please let me know..

    Posted in Real Estate Deals | Tagged: , | 1 Comment »

    Funny Economic Cartoon for your Friday, Enjoy

    Posted by UtahCribs, Real Estate, Homes on February 12, 2010

    A good laugh for you on your Friday, have a good weekend..



    Posted in Uncategorized | Leave a Comment »

    Timeline for the Homebuyer Tax Credit, clock is ticking on the New home tax credit..

    Posted by spencerjanke on February 12, 2010

    The clock is ticking on the Homebuyer Tax credit. A lot of buyers want to take advantage of the tax credit, however time is not on your side.. There are a few things every buyer should be aware of..

    1. In order to actually qualify to recieve the tax credit, you need to be under contract on the property before April 30,2010
    2. The obvious, buyer need to be pre-qualified with a lender, can you get a loan?
    3. Remember FHA premiums are going up April 2.. If you do not know what this means talk to a professional. It will effect the majority of you.

    Great article explainging the Timeline

    NOw, you need to make sure you get out there and find the house you all are looking for.. If you are in the market for a deal as most of you are.. Take a look at your local Bank Foreclosures, they have some great buys right now.. Contact a professional in your area to help find that list..

    Bank Foreclsoures in UTAH

    Posted in Economy Update., Utah News | Tagged: , , | Leave a Comment »

    5 questions for the First time home buyer in UTAH

    Posted by spencerjanke on February 10, 2010

    5 questions for the First Time Home Buyer

    1. How much can I afford? – You need to get a loan officer and figure out the financing before you even think about what type of a house you want.
    2. What are my other housing costs outside the loan? – Often times buyer don’t realize there are other costs associated with actually buying a home.
    3. What do I need in a house or home?- Fundamentals that will fit your situation.
    4. Will this house fit my long term goals?
    5. Am I truely prepared to be a home owner?- What does it really mean to be a home owner?

    These are just a few questions every First Time Home Buyer should be asking themselves. You need to get a professional in your area that can help you with answering these questions..

    I am constantly getting asked about the market, and where do I find the best deals.. So if you are a first time home buyer in Salt Lake City Utah, here are a few resources for you ..

    Best Deals in Salt Lake City Utah

    Free Bank Foreclosures in UTAH

    Posted in Real Estate Deals, Utah News | Tagged: , , , | Leave a Comment »

    What will happen to Real Estate in 2010? Interest Rates 2010? Incentives, tax credits?

    Posted by spencerjanke on February 8, 2010

    What a crazy time we live in right now.. Every sigle day I am having these conversations with different people about what is going to happen. I will be the first one to admit, “I don’t Know.” How can I possibly predict what is going to happen in the Real Estate Market in UTAH? I am a market expert in My local Salt Lake City, UTAH area! But does that mean I can predict what is going to happen? Can I determine what will happen when Interest Rates go up this Year? Can I predict how the markets will react when the tax incentives expire on April 30th? NO, I can’t.. I can tell you what I am going to bet will happen. But it is just the opinion of a local Real Estate Broker in Salt Lake City, UTAH.

    I think we are in for another up and down year, and I will tell you why?

    Market Update, interest rates, and tax incentives

    Bottom line people, is that as a society we can not afford to keep giving money to people to buy things. IE…. Tax incentives are not going to be around after this spring. The rule says, be under contract in a new home by April 30, 2010 and close by June 30, 2010. Or you will not qualify for the tax credit… If you have questions about it, call me or email me and I will help you out.

    Now Interest Rates? You would be blown away at how many people are interested in this subject, the affordablity of a home is tied to your interest rate. Do I think they are going to go up? Yes, Interest Rates are going to go up, I don’t care what you think or why, bottom line interest rates will have to go up in 2010

    Ok, now the last thing. Bank Foreclosures in Utah. Do I know where a list of Free Bank Foreclosures in Utah is? Yes I do, all you need to do is go to this website and sign up, they will simply email you a list once a week of the new Bank owned homes in Utah, Check it out easy..

    FREE Bank Foreclosures in UTAH

    Posted in Economy Update., Real Estate Deals, Utah News | Tagged: , , , , , | Leave a Comment »

    Mortgage Interest Rates climb.. Interest Rates rose today..

    Posted by UtahCribs, Real Estate, Homes on February 4, 2010

    If you are contemplating buying a home in 2010 you have a lot more to worry about than just rising interest rates. Yes interes rates are going up, however there are all sorts of other reasons to act now.

    Buy a home in 2010 before interest rate go up

    There are 4 main reason’s to get out and buy a home today.

    1-Fed Deadline -Fed says it is going to stop buying mortgage backed securities by march..
    2-FHA Premium Increase – FHA premiums are going up to 2.25 % of the purchase price of your loan.
    3-Home Buyer Tax Credits – In may the Tax credit incentives are going to expire
    4- Interest Rates.- Interest rates have been consistently going up.

    Interest Rate Updates

    Posted in Economy Update., Utah News | Tagged: , , , , | Leave a Comment »


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