Not surprising - People that over charged their credit cards, over qualified for their mortgage on a home that they couldn't afford in the first place, with an ARM that they could never face when it came due (my dad would say - bit of more than they could chew) faced defaulting and foreclosure went crying to the government and the government replied with mortgage modifications earlier this year and after a short sigh of relief - guess what? They are defaulting again - Re-defaultingSurprising? Not surprising at all!"The results, I confess, were somewhat surprising, and not in a good way," said John Dugan, head of the U.S. Office of the Comptroller of the Currency, in prepared remarks for a U.S. housing forum."Put simply, it shows that over half of mortgage modifications seemed not to be ... 12/24/2008

We still are having a low percent of new listings being SOLD.  Currently (3.48)% 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       D... 12/16/2008

This Information on Riverton UT Real Estate and Homes for Sale for Oct, 08 is provided by Group1 for clients looking to buy or sell a home in the Salt Lake Valley in the near future.  The information is designed to provide timely and important Real Estate statistics to those looking to evaluate Real Estate trends about homes for sale, prices for Riverton Homes/Condos, Homes listed in Riverton UT. and an overview of distressed properties. IE: Bank Owned, HUD Homes, REOs, Homesteps, & Short Sales. These housing statistics are compiled by the Wasatch Front Regional MLS, and are a composite of all the homes listed for sale by local Realtors. The scope of this report is all of the homes for sale, and condominiums listed for sale in Riverton Utah. Assessments of other cities and towns along t... 11/04/2008

Think the Riverton Ut, Economic director saved money this weekend when 11 decision makers took a one day trip to of All places, Cucamonga, California? ( for those of you old enough to remember the old Jack Benney radio show, that is as in Anaheim, Azusa, and Cucamonga fame). The trip was to give the Mayor, 5 city council members and 5 senior staffers a first hand glimpse at a 150 acre mixed use development that Riverton might mimic for a potential residential-retail development. Since Riverton, at a population of 36,000 is only 20% the size of the California city, and the winters are about 70% cooler, we hope that our representatives understand scale and architecture better than they understand saving money. Heres what I mean...... Our entourage is flying down and coming back the same d... 06/16/2008

Welcome to the beginning of my 2008 monthly real estate market report for Riverton, Utah located in Salt Lake County. This report will be broken down into two different sections, one for Single Family Residence and the second for Condos. Please keep in mind that the real estate market report I have provided is a compilation of a large price range for the entire city of Riverton and should not be confused as being the price in which your home will currently sell for.  Also please take note:  “SOLD” indicates all the properties that sold during the month of January 2008.  “Under Contract” are the properties that have gone through negotiations and are currently awaiting their  closing date as of the date I pulled this report (2/18/2008).  “Active Listings” are all the homes currently liste... 02/23/2008

Depending on which point of view you're looking from, It was a good year for real estate in Riverton. The number of houses sold was down, but Housing prices shot way up over 2006 numbers. According to my unofficial stats there were 441 single family homes sold. The average price of these homes sold was $338,060 and the Median sales price was $301,175. The least expensive house sold for $137,000 while the most expensive Riverton House was 1,067,150. Homes for sale were on the market for an average of just 42 days.The average price of homes sold was up almost 29% over the 2006 average of $241,000The average home for sale in Riverton UT on the market now is listed at more than $412,000, and many of these homes have been on the market for several months.   This is making housing very unaffo... 12/31/2007