Skip to Content

HUD Releases Proposed FY2012 Budget

WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today unveiled HUD’s fiscal year 2012 budget proposal. Titled Creating Strong, Sustainable, Inclusive Communities and Quality Affordable Homes the budget seeks to help lead America out of an unprecedented economic crisis and ensure our economy is competitive – growing and working for all Americans. HUD is taking responsibility for our deficit, by investing in what makes America stronger and cutting what doesn’t.

Foreclosure Activity Increases 1 Percent in January

RealtyTrac® released its  U.S. Foreclosure Market Report™ for January 2011, which shows foreclosure  filings — default notices, scheduled auctions and bank repossessions — were reported on 261,333 U.S. properties in January, a one percent increase from the previous month but a 17 percent decrease from January  2010. The report also shows one in every 497 housing units received a foreclosure filing during the month.

Consumers Cautioned to Check Mortgage Broker’s License

Bank of Utah officials are cautioning consumers who may be seeking a mortgage loan to make sure that their mortgage broker is licensed. In mid-December, the Utah Division of Real Estate sent out a final alert to mortgage brokers, that they must meet new federal SAFE Act requirements that include licensing with the federal Nationwide Mortgage Licensing System (NMLS) by the end of the year and completing education and testing requirements.

Daybreak earns top community and smart growth honors

The Daybreak Community received coveted industry honors as the National Association of Home Builders awarded  them with the 2010 Best in American Living Platinum Award for a Suburban Smart Growth Community andCommunity of the Year. The awards recognize developers, builders and architects from around the country who create enduring communities that reduce environmental impacts. 

Smith's Opens Fuel Center with Electric Car Station

Smith’s Food & Drug Stores has opened its 37 Smith’s Express fuel station in Utah, located in the parking lot of the Smith’s store at 876 South 800 East in Salt Lake City.

Henry Walker Homes Named New Business of the Year

Henry Walker Homes was recognized as the New Business of the Year by the Davis Chamber of Commerce at its annual awards banquet on January 21, 2011 in Layton, Utah.

The New Business of the Year award recognizes businesses operating for three years or less and which demonstrate excellence in business, service to the community and chamber involvement. Judges focused on company growth, business vision and outlook for the future.

2011 Marks Move from Fragile Recovery to Firmer Expansion

WASHINGTON, DC — Thanks to strengthening in consumer spending and growing policy clarity at the end of 2010, the economy is finally poised to accelerate and sustain less unstable growth.

According to the January 2011 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group, the economy is expected to grow by 3.6 percent in 2011, compared to an estimated 2.8 percent in 2010.

NAR Economist Presents Economic Forecast for 2011

Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), presented an economic forecast on Tuesday, January 11, 2011 to a group of Realtors at the Little America Hotel.

According to Yun, Salt Lake City is one of the most desirable places to live, along with other mountain states such as Nevada, Idaho and Colorado.

Daybreak receives honors from National Association of Home Builders

South Jordan, UT — The Daybreak Community received coveted industry honors today as the National Association of Home Builders awarded  them with the 2010 Best in American Living Platinum Award for a Suburban Smart Growth Community and Community of the Year. The awards recognize developers, builders and architects from around the country who create enduring communities that reduce environmental impacts. 

Second Home Purchases are Coming Back

 The National Association of Realtors (NAR) stated vacation and second home sales are back on the rise, according to recent survey data.

With the current market conditions of lower prices and mortgage rates, as well as a slowly restoring confidence in the economy, people are considering purchasing a second home for vacation or even retirement.

According to the survey, 79 percent of respondents said they were likely or very likely to buy a second home in the next two years.

Syndicate content