It is Flu Season, Be Prepare! With all the media attention on H1N1 there is great anticipation on a possible High level of cases this Flu season due to the number of cases this summer when flu usually is absent. Here in Salt Lake Countythere has been a handful of cases, 2 family members from my office as well.  All survived and are well today, no one in our office became infected and there wasn't a panic. I do think we need to use some common sense and be calm, hand washing and germicide is always a good idea whether Flu season or not. Salt Lake County and Cottonwood Heights. The following is some information I gathered from several sources that I hope will help.  N1H1: Human infections with the new  H1N1 virus are ongoing in the United States. Most people who have become ill with this ... 09/03/2009

 Cottonwood Heights  Salt Lake County Real Estate Rocks!  Voted in the top 100 Best Places to live,  Cottonwood Heights is just that.  I have lived here for over 20 year and I can't imagine living any where else.  If you are a First Time Home Buyer, Cottownwood Heights and Holladay in Salt Lake County, Debbie Aldrich 801-870-0606, have a wide range of prices and inventory that could meet your needs.  There are multitude of reasons to live here from, close to hiking and skiing in the mountains, to access to freeway, downtown,  Health clubs, recreational centers and most of all the very friendly people that live here always greeting you with a smile.  People seem happier here and have a hop in their step in Cottonwood Heights,Salt Lake County, maybe it's all the fresh air streaming down f... 08/25/2009

SALT LAKE COUNTY AND COTTONWOOD HEIGHTS:  FIRST TIME HOME BUYERS THERE IS NO TIME TO WASTE, DEBBIE ALDRICH 801-870-0606.  November 30Th will be here and you will have missed out!   Lenders are getting backed up with the amount of loans to process.  If you are thinking at all of taking advantage of the $8,000. tax credit, Call today Debbie Aldrich 801-870-0606, let me refer you to a reputible Lender in SALT LAKE COUNTY AND COTTONWOOD HEIGHTS.  With time counting down expect at least a month to process a loan, which means you have about a month and a half to start the search for that home in SALT LAKE COUNTY that you've been waiting for. FIRST TIME HOME BUYERS ACT NOW! DEBBIE ALDRICH SALT LAKE COUNTY REAL ESTATE 801-870-0606 Debbie Aldrich CSP                                              ... 08/23/2009

                                                     Pet Adoption, Animal Rescue!! My daughters new puppy from Pet Adoptions, a Blue Healer named Luna. Adopt a pet today, give a home to a loving pet that will bring years of joy!                                        Debbie Aldrich CSP                                                            Keller Williams Realty                                                Your Partner in Real Estate serving Salt Lake county, Cottonwood Heights, Salt lake City, Summit County, Holladay   www.DebbieAldricHomes.com  www.CottonwoodHtsBestHomes.com   www.activerain.com/luv2ski www.twitter.com/debsellsslc    debbie@debbiealdrich.com     debyourslatlakeagent@gmail.com   08/19/2009

This a great time to buy in Salt Lake County with Debbie Aldrich 801-870-0606.  We have wonderful properties available and if you are a first time buyer you might just quailfy for that great gift the government is giving you by the way of $8,000, don't wait if you are thinking about buying, in Salt Lake County and Cottonwood Heights, time is running out! The $8,000 gift runs out the end of November and with the number of buyers in Salt Lake County wanting to beat the clock Lenders are getting slammed.   I would love the opportunity to help you find the home in Salt Lake County that you will build memories in.   Last week my clients closed on their first home on Wednesday and got married on Friday....That's a great week in Real Estate.  The best part of my job, Debbie Aldrich 801-870-060... 08/12/2009

Choosing the right Lender in Salt Lake County and Cottonwood Heights to partner with can make all the difference in our business.  When you first start out you will be bombarded by various vendors trying to get your business.  It would be wise to ask around your office as to who other agents use in Salt Lake County and cottonwood Heights. It may take awhile to try a few and build a relationship but when you find the right fit it will make life so much easier, you know you can count on them to get the job done.  My Preferred Lender in Salt Lake County and Cottonwood Heights is Charlote Odebrecht with Silver Ridge Mortgage. We have been friends and colleagues for a long time.  She is smart , assertive, accessible and will get the job done making you look like a rock star.  She sends me da... 08/11/2009

  The Best Breakfast in Cottonwood Heights in Salt Lake County The Cottonwood Heights Cafe  in nestled in the foothills of the Wasatch Mountains in Salt Lake County has become a local favorite for breakfast for many years now, especially on weekends.  You will probably run into friends and neighbors there as well as many outdoor enthusiast that load up on an amazing breakfast before spending hours burning the carbs on the mountain.  The local Favorite dish is the gyro feta omlete a 5 star, sure to please any palate along with there lemony potatoes.  Come hungry because everything is super sized.  You can dine outside as well with the great views of the mountains.  Cottonwood Cafe has an extensive menu with A STRONG GREEK INFLUENCE, they are open for lunch as well, so next time you are l... 08/08/2009

                      A Day in the Life of Living in Cottonwood Heights in Salt Lake County!                                 I have lived in Cottonwood Heights, Utah  in Salt Lake County some 20 years now having raise 2 great kids in this wonderful community ideal for families and recreation.  With all Cottonwood Heights has to offer it proved to be a safe and healthy environment for kids and adults that like to enjoy life. Over the years I have witnessed a gradual transformation as Cottonwood Heights has grown with the times and incorporating into its own city. The Cottonwood Heights Parks and Recreation Center in Salt Lake County is the center of family activities and my own children benefited from that facility over the years with swim lessons, skating lessons, pool parties and even ... 08/05/2009

When the first pioneers saw The Great Salt Lake they make a mistake and mistook it for the Pacific Ocean. The Great Salt Lake is immense, beautiful, and very beneficial to Salt Lake City and all of Salt Lake County and beyond. The winds, the climate, the Lake effect, and more are what makes Salt Lake City real estate and homes in Cottonwood heights so pleasant all year round. The mountains work in harmony with the Great Salt Lake to create ideal weather conditions for many difference reasons.   The Great Salt Lake is the largest salt lake in the western hemisphere, the fourth-largest terminal lake in the world, and the 37th-largest lake on Earth.In an average year the lake covers an area of around 1,700 square miles, but the lake's size fluctuates substantially due to its shallowness. F... 07/28/2009

Cottonwood Heights sold less than half as many homes, dropping almost 57%.  Out of the major cities in the valley, Cottonwood Heights homes were one of the lowest sellers.  Sold price also dropped in the double digits.  Median price was down 12.6% and average price was down 16.3%. Inventory is over one year and current prices of homes are pretty high when comparing with what they have sold for recently.  07/07/2009

We need Positive Price Action to confirm market bottom.  One month of price improve isn't sufficient to confirm the market bottom.  We need to see appreciation month over month for three months. PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market), lower new listings and higher percent of new listings being SOLD.    SUMMARY Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom.  This is NOT a good time for those with low and/or no risk tolerance to purchase.  High and medium risk tolerant investors are making buying decisions and are doing some bottom fishing.  Some are trying to time the market and market timing is risky.  Trying to time the bottom is not for the inexperien... 05/14/2009

Cottonwood Heights came out positive by one home when comparing homes sold the first quarter of this year to the first quarter of last year.  Median sold price decreased 4% but average sold price increased by 1%. Homes in Cottonwood Heights are currently 21-28% more expensive than what they sold for last quarter and the inventory is at 9.58 months.   04/20/2009

There was one more home sold in 2008 than there was in 2007 in Cottonwood Heights. Comparing to the other cities in Utah, it is a rare thing this year to see a city where homes sold actually increased.  The price of homes decreased by about 3% and there are currently 7.81 months of active inventory. With 175 active listings, there are still plenty of homes to choose from in Cottonwood Heights.  If the trend continues, homes will continue to sale at a decreased price from what they are currently shown at.    These numbers are not official. 01/19/2009

We still are having a low percent of new listings being SOLD.  Currently .13 % on a year over year, YTD comparison and we need positive % of listings sold, with positive price action to confirm market bottom. Please see data below.                                                                                  PRICE ACTION   Other good signs in addition to positive price action is lower DOM (days of the market) and lower new listings.             SUMMARY  Currently we are not seeing the needed positive price action to confirm a market bottom.  This is NOT a good time for conservative buyers to purchase.  High risk tolerant investors and speculators are doing some bottom fishing. For more details or just to chat about market conditions please feel free to contact me. Thank you   12/09/2008

The year is halfway over and real estate is still rolling along in Cottonwood Heights Utah. After six months there are 220 active home and condo listings in Cottonwood Heights Utah. The median price of these listings is 375,000 while the active price is substantially more at $509,798. Homes are selling at fairly near the median price as the median sold price of homes in Cottonwood Heights in the first half of 2008 went for $310,000. 132 homes were sold in the first half of the year and at Q2's sales pace there is currently 8.1 months of real estate for sale in Cottonwood Heights. 07/08/2008

Republic Mortgage Insurance Company released in their notes yesterday, that they will not insure any loan with a greater than a 97% loan to value/ combined loan to value ratios (LTV/CLTV) regardless of any automated underwriting decisions. Also any declining markets they are going to add a 5% margin so they will only insure loans in declining markets that have a 92% LTV/CLTV. Usually when one player makes an announcement like that the rest follow suit. So you can expect this to be the new standard across the board. Essentially there are no more 100% loans. So if a buyer does not have three percent of their own money then the only other option is a Down Payment Assistant (DPA) Program and an FHA loan. This will not put pressure on the prices but it will have an affect on the bottom line... 03/14/2008

Notice he said Co-Conspirator 03/03/2008

Is This A Good Time To Buy A Home? Let's Take a Look at the Facts Interest Rates Are 5.75% (depending on credit score) Inventory is Ripe Unemployment is Low There Are Deals To Be Made Stop listening to the media. Dave Fox of KUTV News was involved in a loan fraud scheme. He made no money and was responsible for all the payments on a house. Are you going to listen to the media now? Now I am aware there are some parts of the market that are still going to correct itself and prices are going to slide back. Back that is less than half the available homes and are way above the reach of the average buyer. If you think prices are going to drop in 362,000 and under range (FHA Loan Limit) good luck. Search over 15,000 Homes for sale along the Wasatch Front 01/06/2008

Banging On My FHA Drum Again There have been a couple of changes recently in the lending arena, Fannie Mae and Freddie Mac have added a new risk assessment fee and they are adding "delivery fees" First let's look at the risk assessment fee for those buying with a higher than a 70% loan to value ratio. Credit scores will determine the amount of the rate adjustment. Credit scores between 660-679: 0.750% of loan size in fees Credit scores between 640-659: 1.250% of loan size in fees Credit scores between 620-639: 1.750% of loan size in fees Credit scores below 620: 2.000% of loan size in fees This can have an impact on home prices, because when qualifying for a loan, the borrower is based on a monthly debt to income ratio. The same amount of monthly income is now able to borrow less money... 12/15/2007

Rates have gone up a little in the last week, or should I say last rates dipped a little below six. There are deals out there.Conforming mortgage rates mentioned below are considered with loan amounts up to $417,000 for a single family residence and is owner occupied.  It is with proving your income and a "full document borrower".The rates quoted are based on a purchase price of $200,000 on a 30-day lock.  On these conforming loans, there are no prepayment penalties involved.ProgramRateAPR95%6.257.43100% With Mort Insurance6.387.78100% No Mort Insurance7.007.19My Community 100%6.887.80VA 100%6.006.81FHA 97%6.006.17If you would like any additional scenarios done, please call for that information at 801-747-1233 and ask for Cindee or email to Cindee@CindeeStone.com 12/15/2007