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Utah ‘guru’ preached keys to wealth, then went bust

Archived in the category: Real Estate News
Posted by Sarah Weedon on 10 Apr 11 - 0 Comments

For those who attended Mike Watson’s seminars on investing in real estate over a four-year period beginning in late 2004, the Mapleton man was a contradictory mixture of a spell-binding, inspirational speaker and a salesman of pure hokum. His time on stage at seminars around the country ran from messianic zeal to mockery, to bullying, [...]

AVB Drops Out of the Race and Becomes a “B” Company?

Archived in the category: Real Estate News
Posted by Sarah Weedon on 08 Apr 11 - 0 Comments

There have been a number of reports highlighting Avalon Bay’s newest strategy of seeking to grow through acquisition of B class assets. There is a good likelihood the strategy will be misunderstood, especially given their “mysterious new research effort.” The reality is AVB may be abandoning their previously successful core strategy in an effort to [...]

At property auctions, deals aplenty, some risks, too

Archived in the category: Real Estate News
Posted by Sarah Weedon on 04 Apr 11 - 0 Comments

During the boom years for Utah real estate, the 9.3-acre parcel near Cunninghill and Desert Canyon drives in Eagle Mountain probably would have sold for more than $1 million. The right builder could have made a lot of money building homes on it. But timing is everything in real estate, and after the housing market [...]

Utah law gives owners some protections in foreclosure

Archived in the category: Real Estate News
Posted by Sarah Weedon on 01 Apr 11 - 0 Comments

Gov. Gary Herbert has signed into law the only bill to emerge from the Legislature that attempts to deal with the thousands of home foreclosures expected in Utah this year. One in every 273 homes in Utah had a foreclosure filing in February, the fourth-highest rate in the nation, according to RealtyTrac, a California company [...]

Real estate: U.S. pending home sales rise in February

Archived in the category: Real Estate News
Posted by Sarah Weedon on 27 Mar 11 - 0 Comments

WASHINGTON — More Americans signed contracts to buy homes in February, but sales were uneven across the country and not enough to signal a rebound in the housing market. Sales agreements for homes rose 2.1 percent last month to a reading of 90.8, according to the National Association of Realtors’ pending home sales index released [...]

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