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        <title>Park City Utah Real Estate Blog</title>
        <link>http://www.parkcity4u.com/blog/</link>
        <description>Park City Real Estate News - Blog</description>
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            <guid>http://www.parkcity4u.com/blog/californias-notice-of-defaults-go-down-what-does-that-mean-for-utah.html</guid>
            <link>http://www.parkcity4u.com/blog/californias-notice-of-defaults-go-down-what-does-that-mean-for-utah.html</link>
            <author>cindywallace@kw.com (Cindy Wallace)</author>
            <title>California's Notice of Defaults go down, What does that mean for Utah?</title>
            <description> <![CDATA[ 
I recently read an article on Notice of defaults declining in CA and that the shift on foreclosures may be turning. Here in Park City we tend to follow Southern CA by a year or year and 1/2 years. If so, NOW&nbsp;might be a great time to start considering some of the distressed properties of bank owned foreclosures and short sales. Here is a section from the article by Alejandro Lazo of RISMEDIA, dated June 5, 2010 

California Home Default Cases Plunge

The California foreclosure crisis appears to be abating, new data shows, as the federal government and big lenders step up efforts to keep troubled borrowers in their homes. 

Mortgage default notices&mdash;the first step toward foreclosure&mdash;plunged by 40.2% statewide in the first three months of the year compared with the same period in 2009, according to San Diego research firm MDA DataQuick. Foreclosure sales dropped 1.7% from a year earlier and 16.1% from the last three months of 2009, DataQuick said recently.

The numbers suggest that the housing market wont be flooded by a fresh wave of bank repossessions, which had been seen as a major threat to the markets recovery.

&ldquo;It is surprisingly good news,&rdquo; said Gerd-Ulf Krueger, principal economist at Housingecon.com. &ldquo;There is still a lot of supply lurking out there, but at this point, it looks like it is pretty much under control.&rdquo;

Stuart A. Gabriel, director of UCLAs Ziman Center for Real Estate, said the declining foreclosure numbers are &ldquo;consistent with a broad range of indicators that are suggestive of not only a healing economy but the beginning of healing in the housing market.&rdquo;

Southern California home prices jumped 14% in March 2010 from the same month a year ago, to a median $285,000. Even so, economists note that further gains statewide are jeopardized by continued high unemployment, particularly in the Inland Empire and the Central Valley.
 ]]> </description>
            <pubDate>Sat, 12 Jun 2010 13:53:55 -0500</pubDate>
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            <guid>http://www.parkcity4u.com/blog/astoria-hotel-at-the-canyons.html</guid>
            <link>http://www.parkcity4u.com/blog/astoria-hotel-at-the-canyons.html</link>
            <author>cindywallace@kw.com (Cindy Wallace)</author>
            <title>Astoria Hotel at The Canyons</title>
            <description> <![CDATA[ The following Press Release came out last week: 
March 28, 2010 

TALISKER EXPANDS WITH PURCHASE OF THE WALDORF ASTORIA HOTEL AT THE CANYONS 

Toronto  Talisker announced today its purchase of Park City s newest luxury hotel, The Waldorf Astoria, Park City , located at The Canyons. 

The Waldorf Astoria, Park City , opened last summer at the foot of Taliskers ski resort, The Canyons. The hotel includes 170 rooms and condominium units, dining at Spruce, as well as the Golden Door Spa which offers an exquisite menu of services available to hotel guests and the community alike. 

&quot;We are proud to add this wonderful and complementary asset to the Talisker and Canyons properties in Park City&quot;, said Jack Bistricer Chairman and CEO of Talisker. &quot;The Waldorf Astoria, integrated into The Canyons Resort, will expand The Canyons offerings and Taliskers Definitive Alpine Living experience.&quot; 

Talisker is developing real estate in several Park City area communities, including The Canyons ski resort, Empire Pass at Deer Valley Resort, Tuhaye golf course community, and others comprising more than 13,000 acres throughout the area. As the creator of the remarkable Talisker Club, Talisker has been recognized by the Robb Report as the Best of the Best of Mountain Resorts, and by Travel + Leisure Golfs America s Top 100 Golf Communities
 ]]> </description>
            <pubDate>Mon, 12 Apr 2010 20:20:56 -0500</pubDate>
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