Articles Tagged with ''Utah''

Utah senator plans to transform state's affordable housing

SB34 could bring more than $20 million dollars to Utah's affordable housing
A Utah state senator has proposed a bill that could be a “major financial boost” and transform how the state navigates affordable residential construction, according to an article written by Tony Semerad for the Salt Lake Tribune.
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CoreLogic: Home prices increase for seventh consecutive month

Western states see increases in the double digits
Home prices continue to surge, rising for their seventh consecutive month in February. And growth in the Western states was even higher, breaking double-digit increases in home prices. However, CoreLogic’s latest report shows these surges in home prices will soon see a slowdown.
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CalAtlantic Homes continues growth with acquisition of Utah’s Candlelight Homes

CalAtlantic set to merge with Lennar to create nation’s largest homebuilder
CalAtlantic Homes, which is set to be acquired by Lennar in a $9.3 billion deal that will create the nation’s largest homebuilder, is not done acquiring other homebuilders yet. The homebuilder announced that it acquired the homebuilding operations of Utah’s Candlelight Homes.
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Utah real estate tech startup Homie expands into mortgage lending

Claims it can offer “lowest interest rates in the state”
Homie, a real estate tech startup based in Utah, already claims that it can save homebuyers thousands of dollars by automating the buying process and cutting the buyer agent commission out of a real estate deal, and now the company wants to do the same thing in mortgage lending.
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Utah real estate company charged with operating $28 million Ponzi scheme

SEC accuses Marquis Properties of bilking more than 250 investors
A Utah real estate investment company offered investors the promise of a guaranteed return on their investment in “turnkey” houses, but instead bilked more than 250 people out of $28 million by operating a Ponzi scheme, the Securities and Exchange Commission said Thursday.
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Declining oil prices will have a muted impact on housing

It's not a repeat of the 80s
While everyone enjoys low prices at the pump, the impact of it can reverberate throughout the economy and cause some unintended consequence. However, the severity this time around is a lot less than what the country experienced during the last big oil price decline in the 1980s.
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Freddie Mac: Housing growth remains stagnant

...But it's not all bad news
"We remain cautiously optimistic the housing recovery will continue, albeit slowly, until we see more tightening in the labor markets to give personal incomes a much-needed jolt,” Freddie Mac Chief Economist Frank Nothaft said.
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