Weekly Events in Salt Lake City and Beyond...

Weekly Event Update

February 26, 2013

EVENT SPOTLIGHT:

Leftover Salmon  March 1, 2013 Park City Live - Park City  Treat yo urself to a night of "Polyethnic Cajun Slamgrass" when Leftover Salmon bring it to Park City Live! < More Info

FEATURED EVENTS:

The Gondoliers February 28-March 9, 2013 Delores Dore Eccles Fine Arts - Saint George Two just-married Venetian gondoliers are informed by the Grand Inquisitor that one of them has just become the King of Barataria, but only their foster mother, presently at large, knows which one. As Barataria needs a king to put down unrest in the country, they travel there to reign jointly, leaving their wives behind in Venice until the old lady can be interviewed.   < More Info

The Jingoes March 1, 2013 The State Room - Salt Lake City Performed first gig at the Mabuhay Gardens (SF) 1980, exiled from San Francisco early 90's Marc Dorwart - Guitar: Nephew of Tina Weymouth (Talking Heads/Tom Tom Club), first Heads show 1977, exiled from Oklahoma late 80's.  < More Info

Hyde Park on Hudson March 1-3, 2013 Jim Santy Auditorium - Park City   Bill Murray proves himself to be a character actor of unexpected depth and charm in his remarkable portrayal of Franklin Delano Roosevelt. The always reliable Laura Linney portrays a distant cousin, working as a personal assistant, who has an affair with the president. Based on historical records, the story unfolds in June 1939, when the president hosts the King and Queen of England at the Roosevelt home at Hyde Park in upstate New York. < More Info

Top 10 Things to Watch For in 2013

Here is an Excellent Article From
One of my Preferred Lenders:

What will this year bring? What’s happening now…and what does it mean? We’ve got the answers you need!

The bottom line is that the U.S. has been slowing but steadily climbing out of the recession. This looks to be the year when the recovery final takes hold in such a way that more Americans will begin to feel it.

1. Stable energy and commodity prices—Energy and non-food commodity prices appear to be holding fairly steady. There may be small blips of changes, but energy and transportation prices shouldn’t spike in the coming year.

2. Low inflation—Stable energy and commodity prices will help keep inflation in check.   That is good for Bonds, and anything good for Bonds is also good for home loan rates. After all, home loan rates are tied to Mortgage Bonds.

3. Interest rates low for a long time—The Fed is buying $85 Billion a month, which helps keep interest rates low. Even when the Fed starts winding down its holdings, it will do so slowly and transparently—so there isn’t fear of a huge spike.

4. Labor market slowly healing—There are a lot of demographics that look good for employment in the coming year. That doesn’t mean we’ll see a huge growth in jobs or decrease in the unemployment rate, but the trend is moving steadily in the right direction.

5. Corporate sector is rocking and net worth is up—Profits for the Stock market have been spectacular.   These increases and improving home prices have improved household net worth.  Consumers are feeling better and more comfortable making purchases.

6. Europe looks better—The bottom line is that Europe has cauterized its wounds so the big concerns of the past couple years should be under control. That’s good news for the global economy, including the U.S. economy.

7. Auto sales are fantastic—Auto sales have been doing better over the last couple of years…and are in a solid position. In addition, consumers who have been holding on to older cars for years are beginning to purchase. That’s good for jobs and the larger economy.

8. Housing prices on the rise and inventories falling—The average house price has returned to normal, when compared to long-term numbers. That means housing prices have bottomed out and are even starting to rise in many areas. The number of homes sitting on the market has come down dramatically and fewer are coming on the market.

9. Housing starts and sales are up—Decreasing inventories has led to more home building.  There are still a number of people who are working on improving their credit scores or saving up for a down payment. Those people may continue renting in 2013, but may be positioned to enter home ownership in 2014.

10. Lending loosening up—Lending peaked in 2008 and then dropped dramatically as lending restrictions tightened. In recent months, however, lending has begun to loosen as balance sheets are cleaned up, more people have down payments saved, and more people enter the labor force.

Article submitted from Lisa Millham
Mortgage Loan Consultant

Security National Mtg.

Mortgage Success Source, LLC