Grant Money you don’t have to pay back? WOW!

We will have several 5K grants that may be applied to the down payment. Grant money will be available in mid-January, so start lining up your clients. There will be a limited number and will be awarded first-come first-served.

This is part of our community reinvestment and DOES NOT affect the interest rate on a mortgage.

Works anywhere, not tied to city, county or state.

Simple:

-No home ownership in the last three years.

-Household income at or below 80% of median county income.

If buyer remains in home for five years:

-No grant repayment.

-No interest.

-If they sell with profit prior to 5 years they repay only a prorated portion.

Single Family Homes/Condos/Town Homes/Mfg. Homes are qualified.

Easy Prequalification

Limited number of grants: First-Come First-Served.

Call Marty or Laurie to find out more.

801-205-3500 or 801-205-1600

Price of Salt Lake Homes Hits New High

The price of a single-family home has increased to its highest point ever before, according to the Salt Lake Board of Realtors®. In the July-August-September quarter, the median price of a Salt Lake County single-family home increased to nearly $330,000, a 10 percent rise year-over-year and a 67 percent climb (nominal dollars) compared to the third quarter of 2011 when home prices bottomed at $197,000. Adjusted for inflation, home prices today are 54 percent higher than in 2011. The top 10 most expensive Wasatch Front ZIP codes in the third quarter were:

1. The Avenues (84103) $608,000, up 22%
2. Emigration Canyon (84108) $550,000, up 16%
3. Alpine (84004) $497,000, up 5.9%
4. Draper (84020) $465,000, up 5.0%
5. Holladay (84117) $465,000, up 21%
6. Eden (84310) $460,900, up 7%
7. Holladay (84124) $456,000, up 11%
8. Sandy (84092) $449,000, up 12%
9. South Jordan (84095) $441,592, up 8%
10. Canyon Rim (84109) $428,850, up 6%

Sales of single-family homes in Salt Lake County fell to 3,442 units sold in the third quarter, a 9 percent drop compared to sales a year ago during the same period. Home sales were down 1 percent in Davis County, down 2 percent in Tooele County, down 4 percent in Utah County, and up 0.4 percent in Weber County. (Source Salt Lake Board of Realtors)