Pending Home Sales Dip in August

Pending homes sales dipped in August. Ask me if I am surprised? I look at the market statistics for Utah every week, and I knew inventory was down. Homes were selling faster than they were coming back on the market.

This is mainly because the banks have temporarily slowed their forclosure rate. They were sued over the "robo signing" incedent, they can now keep the properties as rentals, and there are several government housing programs to try stop forclosure. When the number of forclosure sales slows like it has it greatly affects the inventory on the market.

So what does this mean? Lower inventory means a "sellers market." Multiple offer bidding situations are very very common now. In fact, if you don't get multiple offers you may be over priced. Now is an excelent time to sell. Prices in Utah are up for the past 4 months.

I feel this situation is temporary. Forclosures will speed up again. Inventory will begin to come back onto the market and this temporary "sellers market" will be over.

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The Best Thing About Civilization!

This weekend I went backpacking. I was gone for four days, did about 32 miles and climbed Utah's highest peak, Kings Peak (13,527). The entire time I was gone I had no cell reception. That means no news and no internet. It was nice being disconnected for a while.

When getting back to civilization I was excited to hear some news. The first thing I found out is that I hadn't gotten a new niece yet. Something unexpected was that Mitt Romney had chosen his running mate! PAUL RYAN!

I remember when Paul Ryan gave the official Republican response to Obama's 2011 State of the Union Address. Right then and there I knew he was an excellent politician. Since I have learned much more about the House Budget Committee Chairman. He also has his own budget plan to get us on track.

Besides his excellent plan to get the country fiscally on track, my favorite thing about Paul Ryan is his ability to articulate conservative values. He understands where our rights come from and how to preserve them. I would rather have him for President, but VP is a good consolation.

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