Tuesday, November 22, 2011

Little America, Lion House cooks share Thanksgiving recipes

By Richard Piatt

SALT LAKE CITY — Get ready cooks! Thanksgiving is right around the corner. And if you're looking for ways to pep up or improve your standby recipes, we've enlisted the help of the head chef from The Little America and the head baker from the Lion House.

The turkey

Executive Chef Bernhard Gotz will oversee 2,500 pounds of turkey, 2,000 pounds of yams, and dozens of pans of stuffing this Thanksgiving. He says the key is to plan ahead: Buy your bird, defrost it, and get the seasonings ready to use.

Turkey tip No. 1: Gotz says the secret to a flavorful, juicy bird is slow cooking: 240 degrees for five to six hours.

"The whole turkey breast will be perfectly cooked and evenly cooked," he said.

Turkey tip No. 2: Stuff the bird, not with bread, but things that add flavor from the inside.

"What I do at home is I stuff it with apples and celery and onions," Gotz explained. "I put that right inside the turkey, that way I get moisture and flavor from the inside out."

Yams

While the turkey goes in the oven, Gotz starts on the yams. His recipe, he says, creates a dish even the kids will eat.

First the yams are peeled, quartered and steamed. Then Gotz adds a unique blend of flavors: "Pecans, raisins, brown sugar, chopped pineapple, pineapple juice, maple syrup, seasoning, cinnamon, allspice, nutmeg, (and) melted butter," he explained.

A few marshmallows on top, and into a 325 degree oven the pan goes.

Stuffing

Now it's onto the stuffing. Gotz suggests sautéing onion, celery, smoked sausage and thyme. Then combine those ingredients with Granny Smith apples, poultry seasoning, a pinch of nutmeg, ground ginger, orange juice chicken base and honey. Finally, add day-old rolls in chucks and unsalted turkey stock.

Then, as it's all mixed together, another seasoning tip: add salt at the end of your cooking.

Rolls

While we were waiting for our basics to cook, we headed over to the Lion House for rolls and pie. Head baker Brenda Hopkin and her crew are baking up a storm this week.

To make those famous Lion House rolls, Brenda mixes in a blend of bread flour and regular flour — the mix makes better rolls, she says. She lets the dough rise for about 45 minutes before she starts to work with it again.

Hopkin said it's normal for the dough to kind of 'bounce back' on the table. Her secret weapon: a quick flip.

"One great secret is to flip your dough and let it relax before you cut it," Hopkin said. "Then they won't shrink after you've cut them."

Next, she cuts the dough into strips. Then, she flips the strips into a roll. It's all in the wrist, she says.

Pie

Now, it's onto the pie, and the secret is a good crust. To get that perfect crust, Hopkin blends four different fats — butter, margarine, shorting and lard — creating a tender flakiness.

Mix it with your hand until it "sort of like cornmeal with some large chunks in it," Hopkin explained. To that, she adds ½ cup of water and folds the mixture together with her fingers.

Unlike most pie dough, this recipe is more forgiving to handle — not so crumbly, more like a sugar cookie dough.

To fit the dough in the pan better, a little nudge will do, Hopkin says. "Instead of trying to get it to go in, we drop it a couple times and it goes right in."

Hopkin has a secret for a finishing touch. "For a beautiful, brown, sparkly crust, lightly brush cream on the top (and) add sugar," she said. The raw pie goes into a 375-degree oven for a half hour or so.

The meal comes together

Now it's time for the rest of our meal to come together. The turkey's been resting — slow roasting means the juice stays in the meat. With the addition of the mashed potatoes, the yams, and the stuffing, our meal is complete.

"It's God's gift, what else can I say?" Gotz said. "Food is love."

"I would like to have everyone feel success in whatever they're baking," Hopkin said. "Everyone has their thing, mine is baking."

In the end, it's about having fun. Don't feel overwhelmed, Gotz and Hopkin say, just do what you can.

Email: rpiatt@ksl.com



Monday, November 21, 2011

Housing Is So Affordable, All You Have To Do Is Pick One...

Ultra-low interest rates mixed with stabilizing home prices continued to push housing affordability in the third quarter near its highest levels in more than two decades, according to the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index.

For the third quarter, 72.9 percent of all homes sold were affordable to families earning the national median income of $64,200, according to the index. This marks the 11th consecutive quarter that the affordability measure was above 70 percent; prior to this it rarely was above 60 percent.

"With interest rates at historically low levels and markets across the country beginning to improve, home ownership is within reach of more households than it has been for nearly two decades," Bob Nielsen, chairman of the National Association of Home Builders, said in a statement. "However, tough economic conditions — particularly in markets that experienced major changes in house prices and production — as well as extremely tight credit conditions confronting home buyers and builders continue to remain significant obstacles to many potential home sales."

The most affordable major housing market nationwide? Lakeland-Winter Haven, Fla., in which 92.5 percent of all homes sold were found to be affordable to households earning the median family income of $53,800 for the area. Other affordable major markets included Toledo, Ohio; Youngstown-Warren-Boardman, Ohio-Pa.; Indianapolis-Carmel, Ind.; and Ogden-Clearfield, Utah. For smaller housing markets, Fairbanks, Alaska, ranked the highest, in which 97.8 percent of homes sold during the third quarter were found to be affordable to families earning the median income of $91,700.

Meanwhile, the least affordable major housing market continues to be New York-White Plains-Wayne, N.Y.-N.J., in which 23.3 percent of all homes sold were affordable to those earning the area’s median income of $67,400.

Source: National Association of Home Builders

Friday, November 18, 2011

Housing Picture Expected to Brighten in 2012

Better times are ahead for the real estate market in the new year, according to several forecasts and recent surveys.

Fiserv, a financial information services firm, predicts that 95 percent of the 384 metro areas it tracks will see prices rise in 2012.

Many surveys and economists are forecasting a very modest increase for the housing market in the new year, but after several years of dropping prices and rising foreclosures, even the slightest increase would signal a glimmer of hope for the market. In a survey by MacroMarkets of 100 economists and real estate professionals, respondents reported home values will likely rise slightly at 0.25 percent in the new year.

The real estate market still faces a large backlog of foreclosures that it must work through in many markets. As such, price gains through 2015 will likely just be around 1.1 percent, according to the survey. However, this is a reversal after a forecast of 2.8 percent decline in median home values for this year.

Foreclosures continue to weigh on many markets and are preventing home values from stabilizing, economists say.

"The water is very deep in the living room, but it's no longer getting deeper and is starting to recede,” says Mark Fleming, CoreLogic's chief economist.

Low interest rates on mortgages mixed with more affordable housing for families in the median income range are expected help the market in its rebound in 2012, economists say.

Source: “A Smaller House Will Make a Big Difference,” Money Magazine (Nov. 14, 2011)

Housing Picture Expected to Brighten in 2012


Better times are ahead for the real estate market in the new year, according to several forecasts and recent surveys.

Fiserv, a financial information services firm, predicts that 95 percent of the 384 metro areas it tracks will see prices rise in 2012.

Many surveys and economists are forecasting a very modest increase for the housing market in the new year, but after several years of dropping prices and rising foreclosures, even the slightest increase would signal a glimmer of hope for the market. In a survey by MacroMarkets of 100 economists and real estate professionals, respondents reported home values will likely rise slightly at 0.25 percent in the new year.

The real estate market still faces a large backlog of foreclosures that it must work through in many markets. As such, price gains through 2015 will likely just be around 1.1 percent, according to the survey. However, this is a reversal after a forecast of 2.8 percent decline in median home values for this year.

Foreclosures continue to weigh on many markets and are preventing home values from stabilizing, economists say.

"The water is very deep in the living room, but it's no longer getting deeper and is starting to recede,” says Mark Fleming, CoreLogic's chief economist.

Low interest rates on mortgages mixed with more affordable housing for families in the median income range are expected help the market in its rebound in 2012, economists say.

Source: “A Smaller House Will Make a Big Difference,” Money Magazine (Nov. 14, 2011)

Monday, November 14, 2011

Boosting job growth, more businesses relocating to Utah

By Scott Haws

SALT LAKE CITY -- Approximately 102,000 Utahns are still looking for jobs.

Despite the discouraging number, Utah has one of the lowest unemployment rates in the country. Still, the state is in dire need of an employment infusion. As jobs are slowly returning to Utah, the governor's office has set a goal to meet the need that might seem ambitious: 100,000 new jobs in 1000 days.

This goal is not exactly uncalculated, however. Utah has one of the lowest corporate tax rates in the country, energy costs are 35 percent below the national average and 90 percent of Utah residents hold a high school diploma. These factors have not only helped businesses expand in Utah, they have also helped companies keep jobs local, instead of exporting them to other countries.

According to Lifetime Products President Richard Hendrickson, the company prides itself on keeping jobs in Utah. And with core technology that allows them to mold a ribbon of plastic into a kayak in 90 seconds locally -- instead of the 90 minutes it takes in China -- they are looking to expand their Utah employee base, which is currently made up of 1700 employees.

"The fact that we are able to add 140 jobs over the next 10 years is a big deal," Hendrickson said. "[As well as] the fact that we've been able to keep our jobs here over the last 10 years"

Lifetime Products, like other companies, has considered expanding overseas but found Utah had a better business environment.

One of the things that makes Lifetime Products so unique is vertical integration. Train loads of steel and plastic are all ending up in products like their tables, chairs and other products are available in Utah.

Jeff Edwards is President of EDC Utah --a private and public partnership that helps local businesses grow and works to attract new companies. According to Edwards, Utah is now among the top spots businesses look to expand and relocate.

"Utah has the advantage of a very stable economy right now and it's a place where businesses can find certainty," Edwards said. "It's become a preferred destination of a company."

Whether looking for certainty or something else these companies feel Utah has, Procter & Gamble, ITT, Home Depot, Adobe, Ebay, and Boeing all announced expansions in Utah this year; Litehouse Foods looked at locations all over the west before deciding on Hurricane for its new facility, which will eventually add 162 new full-time positions in the rural community.

"One of the reasons, in fact, probably the number one reason that people select Utah is because of our workforce," Edwards said.

Hendrickson agrees and offers further explanation.

"We've got the most capable, dedicated, honest workforce," he said. "There were reasons to look all over the world for places to expand. But at the end of the day, with the governor's help, we are right back here in Utah, which is where we want to be."

But Utah does have some hitches that may discourage particular types of businesses from expanding and relocating to the state. For the outdoor industry, air quality hinders that decision. For others, it may be demographic. Utah's workforce is strong now, but one of the challenges business leaders say Utah faces in the future is maintaining an educated and skilled workforce.

Friday, November 11, 2011

Tips for Selling a Home in the Winter

Traditionally, the time from Thanksgiving to New Year's Day can be some of the slowest time of the year for home buying due to the holidays and the often less-than-perfect weather. But that doesn’t mean sellers can’t sell during the winter months. In fact, with decreased inventories, sellers may have a better chance to standout and face a buyer pool with more urgency to settle down.


Experts offer some of the following tips for selling a home in the winter:

Stage it: Stagers can arrange furniture so that selling-points in a home don’t get overlooked, paint rooms inviting colors, and have the know-how to give a home a cozy winter feel. Display photos of the home that also show it in warmer summer months. And don’t forget to turn up the thermostat in the home so buyers are comfortable from the moment they step through the door."If you have a vacant house in winter with the heat turned down to 50, chances are someone will make a very low offer," Loren Keim, a real estate broker, told the Associated Press.

Price it right: "If it's priced properly, it will sell any day of the year," Katie Severance, a broker for RE/MAX in Upper Montclair, N.J., told the Associated Press.

Show the way: Keep sidewalks and driveways clear of snow, ice, and leaves--giving potential buyers a clear path to your listing’s front door.

Light it up: There’s less daylight in the winter months so it’s even more important to keep all the lights on as well as open blinds and drapes for natural light. Keep the home well-lit even when you’re not there so the home still looks inviting to passersby who drive by in the evenings after work.

Source: “Selling Your Home? Some Tips for the Off-season,” The Associated Press (Nov. 9, 2011)

Friday, November 4, 2011

Mortgage Rates Drop Sharply This Week

The 30-year fixed-rate mortgage, the most popular choice among home buyers, dropped to its second lowest reading on record this week, Freddie Mac reports in its weekly mortgage market survey.

"Market concerns over the European debt market drew investors to U.S. Treasury securities, lowering bond yields and mortgage rates,” says Frank Nothaft, chief economist at Freddie Mac.

Here are how rates fared for the week:

  • 30-year fixed-rate mortgages: averaged 4 percent, with an average 0.7 point, down from last week’s 4.10 percent average. The 30-year fixed-rate mortgage is the second lowest on record, just behind the 3.94 percent record reached on Oct. 6. A year ago at this time, 30-year rates averaged 4.24 percent.
  • 15-year fixed-rate mortgages: averaged 3.31 percent, with an average 0.7 point, falling from last week’s 3.38 percent average. Last year at this time, 15-year mortgages averaged 3.63 percent.
  • 5-year adjustable-rate mortgages: averaged 2.96 percent this week, with an average 0.6 point, dropping from last week’s 3.08 percent. At this time last year, 5-year ARMs averaged 3.39 percent.
  • 1-year ARMs: averaged 2.88 percent this week, with an average 0.6 point, dropping from last week’s 2.90 percent average. A year ago at this time, the 1-year ARM averaged 3.26 percent.

Source: Freddie Mac