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Flaming Gorge Real Estate is a new and upcoming office to the Flaming Gorge and the Wasatch Front Regions. We are very excited to become part of your team, and look forward to assisting you in all your real estate needs. With years of award winning service, Linda Petersen and Flaming Gorge Real Estate offer a fresh experience and all the tools you need to feel comfortable.

Press Release - Provided by the Salt Lake Board of Realtors Web site

- 30 November 2009 -
HOME SALES CLIMB 24% IN OCTOBER,
ACCORDING TO THE SALT LAKE BOARD OF REALTORS®

30 November 2009 (Sandy) – The Salt Lake Board of REALTORS® today reported that sales of existing homes and condominiums climbed 24 percent in October. There were 1,061 homes/condos sold in October compared to 855 sales in October 2008. The 24 percent increase in sales in October represented the biggest year-over-year percent increase in an October month since electronic records started in 1995. The second biggest percentage increase for an October month was in October 2005 when home sales rose 22 percent year-over-year. “Clearly the federal home buyer tax credit played a significant role in boosting home sales,” said Ryan Kirkham, president of the Salt Lake Board of REALTORS®. “Of course, mortgage interest rates remain at record lows and home prices in the Salt Lake area have again reached affordable levels.” The median price of homes/condos sold in October was $205,000, down 9.5 percent compared to the median price of $226,500 in October 2008.

About the Salt Lake Board of REALTORS® The Salt Lake Board of REALTORS® is the Wasatch Front's voice of real estate and the No. 1 source for housing market trends. Established in 1917, the Salt Lake Board of REALTORS® is a leader in protecting private property rights and assisting its members to better serve the public through training, advocacy and a professional code of ethics. With more than 7,500 members, the Salt Lake Board of REALTORS® is Utah’s largest real estate trade association among 14 real estate associations across the state.

- Executive Committee Message -
Fewer Homeowners Underwater

In Utah, fewer homeowners are underwater when it comes to the value of their homes, according to a new report by American First CoreLogic. At the end of this year's third quarter, 18 percent of Utah residential properties (40,801) with a mortgage were in negative equity -- meaning borrowers owed more on their mortgage than their home was worth.

Utah's negative equity rate is well below the national rate of 23 percent. And it remains far below those of neighboring states. In Nevada, 65 percent of residential properties with a mortgage were in negative equity, the report said. In Arizona, 48 percent of residential properties were in negative equity. Idaho was at 20 percent and Colorado was at 19 percent.

The report confirms that the rampant housing speculation that was so prevalent in many states was not as severe here in Utah. It also means Utah's foreclosure rate will not rise as dramatically in the coming year.

For further information and news releases please visit their web site at http://www.slrealtors.com or: