Park City Real Estate Update

Get the latest Park City real estate update from renowned realtor, Nancy Tallman. Nancy is a long-time Parkite and real estate agent with Sotheby’s International Realty. She specializes in Park City real estate strategies, focusing on innovative and effective marketing, aggressive negotiating, and creative problem solving.

Nancy’s track record plus her tireless desire to advocate for her clients has prompted her to write this Park City real estate update blog. She hopes the information will make her clients more informed about the unique market that is Park City. Check back often for the latest updates.

Park City Real Estate Updates:

Light At The End of the REO Tunnel?

REO stands for “Real Estate Owned”-jargon for “bank owned property”. I went to a Keller Williams function for top producers in Utah and our guest speakers were two top producing agents from Las Vegas. These guys said that their REO listings are drying up. Banks are reassigning staff from asset management (handling the bank owned
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My Mantra for 2010

Every year my husband, Larry, and I travel to a quiet place and write our goals for the coming year. About a month prior to this “meeting” I start thinking about what I want to focus on for the coming year. This year, 2010, is going to be all about simplifying. We are in Sundance,
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Back To The Basics

IT’S A GREAT TIME TO BE A FIRST TIME HOMEBUYER Let’s get back to basics. Before the crazy days of 20% annual appreciation, people used to buy houses to have a place to live! The average net worth of renters is $4,000; the average net worth of homeowners is $184,000. Historically, homes have appreciated at
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Is the Glass Half Empty or Half Full?

NEW YORK TIMES HAS THEIR DATA RIGHT BUT THEIR ANALYSIS ALL WRONG. “No End Yet for Downturn in Housing, New Data Suggest”-This is the headline of an article published by the New York Times this morning. The article suggests that the twin signals of decreased new construction and increased foreclosures signal further trouble in housing.
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