Monday, June 18, 2018



From: Paula Higman
Engel & Völkers
890 Main Street 5-101
Park City, UT 84060

Friday, June 8, 2018

Market Expert

From: Paula Higman
Engel & Völkers
890 Main Street 5-101

·        Silver Star was sold in August of 2017 and I believe that market conditions have deteriorated in Park City since August of 2017.
·        Furthermore, the PC market is very seasonal, and with the following changes in the economy, I believe PC will have a very slow 2018 Summer/Fall/Winter carrying right through till Spring of 2019

·        Ending of quantitative easing
·        Massive selling of US Bonds, taking liquidity out of the market
·        Short and Long Term Yields Increasing
·        Flattening of the debt yield curve
·        Consumer Debt at Historic High
·        Consumer Confidence at 18 Year High
·        Unemployment Rate at 49 Year Low

·    Long Term Yields are up nearly 0.70% in the last 10 months, since Silver Star #501 sold, and mortgage rates are up an average of 1.22%
·        Short Term Debt Yields are rising quickly compressing the Yield Curve. This has a huge strain on Short Term Corporate Debt and Consumer Debt
·        Consumer Debt hit a new high of $13 trillion last year, surpassing the previous record set in 2008 by $280 billion.
·        2 year Treasury ended the week at 2.47%.
·        2 year Treasury was at 1.33% when Silver Star sold on 8/31/2017
·        30 Day LIBOR just hit 2.00%, the first reset at 2.00% since November 4, 2008.
·        The next Fed meeting is June 13th and markets have a 100% probability of a hike. 
·        LIBOR should be roughly 2.10% - 2.15% by mid-June.
·        A hike in September would put it around 2.35%.
·        A hike in December would put it around 2.60%.
·        Consumer confidence hit 18 year high in February of 2018. Since 1966 when the US Consumer Confidence hits a new multi-year high, we have seen down turn in the real estate market. (1968, 1978, 1989, 1999, 2007, and now February of 2018)
·        The Unemployment Rate ‘UR’ hit an 18 year low at 3.8%.  In fact, the precise print was 3.755%.  The last time the UR was at 3.7% - 1969.

Wednesday, May 30, 2018

Credit Myths and Misconceptions

Make sure you’re on track with Credit Monitoring.

Credit myths and credit misconceptions are plentiful.
Don't let incorrect information influence your 
credit behavior.
1. One widespread credit misconception fools a lot of people, but viewing your own report and score is counted as a "soft inquiry" and doesn’t change the score one way or another. “Hard inquiries" by a lender or creditor, such as those resulting from your applying for credit, can slightly lower your credit score. If you’re shopping for a loan and concerned about harm to your score, know that multiple loan inquiries within a period of a few weeks are usually treated as a single inquiry to minimize impact.

2.  Credit myth advocates closing old and inactive accounts to hike up your score. However, this might inadvertently have the opposite affect and lower your credit score because now the credit history appears shorter. If you don’t trust yourself to put a card away in a safe place and not use it, then consider canceling newer accounts.

3.  Negative records, such as collection accounts and late payments, will remain on your credit reports for up to seven years from the date of first delinquency. Paying off the account sooner doesn't mean it’s deleted from your credit report; instead it’s listed as “paid.” Of course, it’s smart to pay your debts, both to reduce the total amount of debt you owe and to show your willingness to repay your obligations, but expect the negative record to have some effect until it is purged from your report.

4. If you open an account jointly or co-sign a loan, you will be held legally responsible for the account. Activity on the joint account is displayed on the credit reports of both account holders. If you co-sign for a friend's auto loan and that person doesn’t make the payments, your credit profile will be hurt and vice versa. The only way to end the dual liability is to have one party refinance the loan, or persuade the creditor to formally take you off the account.

5. Credit reporting agencies companies determine your credit score via a complex algorithm that uses hundreds of factors and values to calculate it. It’s almost impossible to calculate the difference in points changing one factor might make. It’s wise to pay your bills on time, work to lower your debts and ask that any inaccuracies be corrected. A proven record of sound financial behavior and time will have the most significant impact on your score.

Monday, May 28, 2018

The spring market is in full swing

 The Higman  are ready to work on fast pre-approvals, answer any questions, thoughtfully consider all options and communicate every step of the way to the closing table.

Do you have any friends or family in need of real estate to buy or sell their home?  If so most of my business comes from referrals. I would be grateful for a referral from you.

In today’s competitive buyer’s market, standing out from the crowd with a home offer letter may be the difference when it comes to my customers purchasing the home of their dreams. While the best possible offer for the home is crucial, writing a personal letter to accompany that offer is an excellent idea. shot me an email or give me a call and I will be happy to give you some great tips about writing a personal letter to accompany your home offer.

My team is ready to help you become homeowners today. Text or call me at (435) 602.8228 with your referrals, and I will call them promptly! Have a fantastic June!

Thank you
Paula Higman- Lead agent
Engel & Völkers