Vantage Production‘s Mortgage Market Guide Weekly reports that in the week preceded by the Martin Luther King, Jr. holiday, the activities related to the economic calendar were relatively light. However, the following opportunities still presented themselves despite the seeming quietness that momentarily prevailed. As quoted from the review:
- “home loan rates reached some of their lowest levels in months”
- “Existing Home Sales rose by 1 percent from November to December to an annual rate of 4.87 million units” – National Association of Realtors
- This 1% increase “was the first monthly gain in three months”
- Compared to 2012, the year 2013 contributed a 9.1% increase in existing home sales. “The housing market continues to rebound, though at a modest pace.”
Meanwhile, The Salt Lake Tribune recently published a positive update related to environmental awareness, particularly on a home that “produces only $10 monthly utility bill.” The news clip on Herriman energy-efficient home wins design award reports that the home (designed by KTGY Group, Inc., Architecture + Planning) got a platinum from the 2014 Professional Builder Design Awards competition that was held in California.
What’s noteworthy about this achievement is that it’s the “first attainable or affordable house in Utah that achieves a U.S. Department of Energy HERS (House Energy Rating System) rating of O.”
Located at 5047 W. Ambermont Drive, the home features a generous three stories and five bedrooms. It won its rating fairly through a strategic design led by the winning team. The make or break features are: “double-paned windows, special frames and seals for windows and doors, four types of insulation and solar panels to produce electricity.”