Sales of North Ogden City existing homes has beat expectations in November. An even bigger surprise was a huge gain in activity among higher-end homes. An increase in the median price in North Ogden City has a direct effect on the economy and economic growth. The shift in the mix is due to more owner-occupants buying up North Ogden City homes and fewer investor investors buying distressed properties. Analysts claim that wealthier buyers are selling fast now so they don’t get hit with capital gains. With the uncertainty if the “fiscal cliff” negotiations the likely driver of these home sale is simple: Improvement in the North Ogden and Pleasant View City housing market, the local economy and consumer sentient.
Sales of distressed properties will continue to decline in the North Ogden and Pleasant View areas in 2013, due to a lack of supply and investors taking advantage of the still-lucrative rental market. The supply of homes nationally is at a seven year low with only 4.8 months of supply. Home-buyer affordability in North Ogden City Real Estate combined with decent job growth and Utah’s ultra low unemployment at 5% point to the degree of improvement to come. North Ogden and Pleasant View City homes can be found at www.SellUtah.com
Robert Bolar with Coldwell Banker can be reached at 801-737-3333 to help you with your North Ogden home buying experience. Robert Bolar is a trained, highly educated top producing real estate agent residing in the North Ogden market. He understand the city well and the complexity’s that come with a home for sale in North Ogden.