By the STATS Monday's

Real Estate by the STATS
County	Available Homes	Homes sold	Expired listings	Month's Supply
Utah	4977	234	801	21.26
Salt Lake	8635	536	1657	16.11
Davis	2601	182	418	14.29
Weber	2659	154	367	17.26

Update on FHA

The President signed H.R. 5140 February 13th, 2008. This is the $168 billion Economic Stimulus Plan which was rushed through Congress. The mortgage conforming loan limits have been adjusted as part of the bill. The conforming loan limits have been raised to 125% of the median home price, the limit is not to exceed $729,750. This bill also increases the loan limit on FHA guaranteed mortgage loans.

The calls and email are already coming in asking what the new loan limits along the Wasatch front, as well as other areas. I don't know. The reason is the HUD has 30 days from February 13 to provide their official loan limits for every area. They will be computing the median home price for each area and then publish an official conforming loam limit list.

Check out our new site

We are constantly looking for cutting edge products to offer to the Utah Real Estate market. Check out our new site at http://www.allfor299.com and let us know what you think. We are excited about the launch of these exciting product. Leave us some comments and let me know what you think.

BZ