Provo City Update
Just a quick note to let all of you know that the Provo City "ethics reform" proposal was defeated. Thanks to all of you that got involved. I talked with my repairman Tom at Barber Brother's in Spanish Fork who is a Provo City resident. He was extremely excited to see his city chastised for yet another attempt of an overreaching city council proposal. I think this proves that when people get involoved on the city level, they can make a difference. I believe you have the best chance to have your voice heard more on a city level than on a state or national level.
Now for a quick market update. I recently read some statistics from the National Association of Realtors that shows that home prices nationally are back to levels not seen since 2005. No doubt this will be a short lived trend. Many areas like Salt Lake City and surrounding areas are still seeing modest home appreciations. From my view it appears that we are returning to a normal market. Home inventories are still a bit high but vary from city to city. The biggest key I see to getting a home sold is correct pricing. Too many sellers are trying to set their price on what sold last year. It is not last year. I suggest using the best available comparables and pricing slightly lower in order to produce the traffic needed to generate an offer.


