Hello real estate fans! Occasionally, (because I am too tired, or busy, or lazy or in this case - because this is a great piece), I will "borrow" content from colleagues in the business who bring a relevant point of view to the table.

This week I hope you will take the time to read a post on the UtahCeoMagazine.com blog written by local Broker and friend, Graig Griffin. He talks about the value that every sale of a foreclosed property brings the local real estate market.

I share his sentiments. The quicker we can "mop up" these homes, get them "off the books" so to speak, the better. The challenge that all of that vacant inventory creates affects every one of our lives whether we own a home, rent one, or simply live in a distressed housing market - which we ALL do.

One of my favorite comments in this piece is about the changes in the 2009 St. George Parade of Homes brought on by the challenges in the housing market:

"Most of the Parade homes are what I would consider “normal” houses, meaning that the odds of prospective purchasers arriving on planes without propellers is pretty low. Any plane, really."

As a related side-note, there is actually a home on tour for $259,900 this year. If that doesn't sound very cheap to you, remember that a few years ago there were almost NO homes on tour under $750k.

Here is the link, enjoy and be sure to comment on that blog site if you like it, don't like it or just want to share your opinion!

http://www.utahceomagazine.com/blog.php