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Today, February 2nd, the Priority Reservation Program moves into high gear for the Pendry Residences Park City. Pendry is pleased to announce that residence specific pricing and all floor plans are now live on their website. Fully furnished and designed for entertaining and family gatherings, Pendry Residences feature expansive windows and open living spaces that connect residents to the outdoors and to one another. With a variety of residence sizes in three distinct buildings, pricing for studio to four bedroom residences range from $395,000 to $3.65M

 LAUNCH TIMELINE

Accepting Residence Specific Reservations Now through February 25, 2019  

Residence Selection Day February 28, 2019 

Firm Contracts Written April 2019 

Private VIP Ski Days Now – March 13

Construction Start Summer 2019

Construction Completion Winter 2021

Visit the Pendry website to be the first to view residence specific floor plans and final pricing.

For questions and further inquiries, please contact Mary at mary.leader@sothebysrealty.com.

There are so many opinions out there regarding the future of real estate not only locally but nationally. According to an article by Jeff Andrews on January 10, 2019 on Curbed, these questions have gotten louder in recent months as rising interest rates and tariffs have wreaked havoc on the stock market, which had been hitting new all-time highs on a regular basis. One of the most reliable tells of an impending recession—the dreaded Treasury bond yield curve inversion—occurred earlier this month between 2-year and 5-year Treasury bonds, leading some economists to sound their alarms.
The United States has enjoyed one of the largest economic expansions in its history since the 2008 housing bust brought the global economy to its knees. But with each passing year, the recovery gets a little longer in the tooth, prompting questions about if or when a cyclical recession might take place.   ATTOM Data Solutions, a leading real estate data provider, looked at home prices during the five recessions since 1980 and found that only twice—in 1990 and 2008—did home prices come down during the recession, and in 1990 it was by less than a percent. During the other three, prices actually went up. See chart below.
https://cdn.vox-cdn.com/thumbor/SoKZC4sjyItJMzvpBpa4Pi1aOH0=/0x0:3000x3700/1720x0/filters:focal(0x0:3000x3700):no_upscale()/cdn.vox-cdn.com/uploads/chorus_asset/file/13626483/HomePricesInfoGraphic_12.13.jpg
Link to complete article click here.

Below is a very helpful newsletter from our friend Lisa Lundquist with info about Mortgage Rates and other information. Please check it out and contact us with any questions you might have!

Below is a very helpful newsletter from our friend Lisa Lundquist with info about Mortgage Rates and other information. Please check it out and contact us with any questions you might have!

Below is a very helpful newsletter from our friend Lisa Lundquist with info about Mortgage Rates and other information. Please check it out and contact us with any questions you might have!

Below is a very helpful newsletter from our friend Lisa Lundquist with info about Mortgage Rates and other information. Please check it out and contact us with any questions you might have!

Below is a very helpful newsletter from our friend Lisa Lundquist about Mortgage Rates and other information about the economy. Please check it out and contact us with any questions you might have.

Below is a very helful newsletter from our friend Lisa Lundquist with info about  Mortgage Rates and other information. Please check it out and contact us with any questions you might have!

Our friends at Intercap Lending have created a helpful guide regarding some Common Misconceptions, The Reality, and The Breakeven Point for Renters considering buying property.

Below is a very helful newsletter from our friend Lisa Lundquist with info about the latest Mortgage Rates and other information. Please check it out and contact us with any questions you might have!