5 Reasons to Sell Your House This Summer with Utah Realty

Rapid price hikes in Salt Lake City and Provo raise serious affordability concerns. Many buyers priced out, causing declining demand and potential home value drops.

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The US faces a shortage of 4.4M homes, including 1.3M single-family homes for lower-income buyers. New tariffs on Canadian and Mexican imports could raise home construction costs by ↑ 5%, worsening accessibility.

The home improvement market is set to grow from $974.57B in 2025 to $1.46T by 2032, driven by innovation. The Leading Indicator of Remodeling Activity projects a 1.2% increase in year-over-year home renovation spending for 2025.

Winter is slow, but 2025 will see more sellers returning, possibly leading to a more balanced market. Buyers should start credit repair now, as spring sees the biggest jump in available homes from February to March.

Spring and Early Summer Are Ideal: These seasons often see increased buyer activity and higher sale pricesLocal Market Variations Matter: Optimal selling times can differ based on regional demand and climate.

Health insurance covers essential medical expenses like doctor visits, hospital stays, and preventive care. It protects you from high out-of-pocket costs during unexpected medical emergencies.

Capital gains on investment properties must be reported in the year of sale unless deferred. Use IRS Code Section 1031 to defer capital gains taxes by exchanging for a similar property.

Home prices are expected to increase modestly in 2025, with a forecasted median of $410,700. Inventory will rise slightly, creating a balanced market with more opportunities for buyers in 2025.

Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!

Rising mortgage rates and economic shifts continue to influence housing affordability and accessibility. Homeowners' insurance costs have surged due to climate risks, prompting state-led policy solutions.

Sharing expenses with friends or family, like splitting groceries or carpooling, helps reduce costs. Establishing an emergency fund ensures financial security; aim to save 3-6 months of expenses.

Start Early: Sellers should begin the process early, evaluating their home and preparing for the market.Home Preparation: Sellers should invest in updates, cleaning, and professional staging to increase appeal.

Long-term care insurance shields retirement funds by covering care costs like home care or assisted living. Cash-value life insurance offers tax-deferred growth, ideal for those maximizing retirement plans and seeking additional savings.

Ensure your coverage includes extended or guaranteed replacement cost to cover spikes in repair costs. Don’t skip flood insurance—99% of counties faced flooding between 1996-2019, according to FEMA.

Utah's housing market has a 20.7% chance of a 5% price drop over the past 25 years, lower than the US 26.4% avg. Since 2000, the median home price ↑ 210%, higher than the national ↑ 196%.

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Positive sentiment is growing, with lower interest rates fostering liquidity and selective investment opportunities.Investors must focus on active management and asset selection as the market evolves post-2024.

The Federal Reserve held key interest rates at 4.25%-4.5% despite Trump’s calls for immediate cuts.Inflation remains at 2.9%, with steady job growth and strong consumer spending supporting the economy.The Fed’s next policy meeting is scheduled for March 18-19, 2025.

A first-time home buyer hasn’t owned a primary residence in the past three years. Renters, even those with no prior homeownership, qualify for first-time buyer assistance programs.

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Mortgage rates may stay elevated at 6-7% due to inflation and monetary policy. Proposed tax changes could boost homeownership through mortgage deductions and capital gains adjustments.

Start preparing finances early: Ensure credit is good, calculate affordability, and get ready to make a competitive offer.Current market improvements: 2025 offers better opportunities for buyers after high prices and limited options in 2024.

Maintain a Good Credit Rating: Strong credit scores often lead to lower premiums for auto and homeowner insurance.Drive Safely: A clean driving record and good grades for students can significantly reduce insurance costs.

Start house hunting in January to benefit from lower prices and reduced buyer competition. Hire a local Real Estate agent with expertise in undervalued properties and market trends.

Consult a REALTOR®: A local agent helps price your home correctly and attract potential buyers. Complete Repairs: Fix any outstanding issues, like leaky faucets or worn-out flooring, for a polished look.

Specify mortgage details, interest rates, and loan types to avoid issues with earnest money deposits. Want seller assistance with closing costs? You must ask for it in your offer!

Dwelling and personal property coverage repair your home and replace belongings, subject to policy limits and deductibles. Hurricane deductibles differ: Typically 1–5% of dwelling coverage, significantly impacting your out-of-pocket costs.

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Mortgage rates remain above 6%, with slight home price growth and low supply continuing to pressure affordability. Existing home sales expected to recover slightly from multi-decade lows due to limited inventory and affordability barriers.

Investing globally in Real Estate requires understanding market dynamics, including rent growth and job creation trends.Tap into local expertise, including brokers, property managers, and market analysts, to gain on-the-ground insights.

Start by researching and interviewing realtors knowledgeable about your local market before selling.A fresh home makeover, including new paint and flooring, boosts appeal and first impressions.

Home sales may rise 1.5%, prices climb 3.7%, and mortgage rates stay above 6% despite slight cuts. A historic 11.7% home inventory jump and 13.8% new construction surge mark supply resurgence in 2025.

Mortgage rates are expected to fall in 2025, easing the path to homeownership. As rates drop, more homeowners may sell, boosting real estate inventory and market opportunities.

Reduced demand could lead to stagnant or declining prices, creating better deals for new buyers. Buyers prepared with savings and good credit can benefit from hesitant competition.

Capital Economics forecasts U.S. home prices will ↑ 4.0% in both 2025 and 2026, signaling a stable housing market.Limited inventory will likely prevent price declines, supporting steady growth despite constrained buyer demand.

New listings ↑ 8% weekly, signaling more seller activity as the market heads into 2025. Pending home sales ↑ 10% yearly, reflecting slight optimism in the housing market.

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Rates to drop from 4.5% (Q1) to 3.9% (Q4), following gradual rate cuts across four quarters. Rate cuts aim to boost borrowing and economic activity while addressing inflation concerns.

Home values are expected to rise 2.6% in 2025, matching 2024's growth pace. Sales of existing homes will climb to 4.3 million in 2025, up from 4 million this year.

The Fed influences mortgage rates indirectly through its policy on inflation and labor market data. Mortgage rates generally drop with Fed rate cuts, making borrowing cheaper for consumers.

Feeling trapped by high interest rates? Take charge with these effective strategies to secure better mortgage rates. Review and improve your credit report and score to enhance lender confidence and secure favorable rates.

Quarterly taxes are due four times per year to avoid IRS penalties. The first quarterly payment for 2025 is due on April 15, for income earned in Q1.

Your spouse’s debt can impact your joint mortgage application, potentially limiting loan options and eligibility. Mortgage lenders prioritize a front-end ratio of 28% and back-end ratio of 36% or less.

In the journey towards home ownership, one's credit score emerges as a pivotal factor, influencing opportunities and shaping choices. This article delves into the intricate role that credit scores play in the home buying process, providing a comprehensive overview of...

Check if you meet the typical requirements: 620+ credit score, stable income, and consistent employment history. Look for lenders or mortgage brokers who work with non-QM wholesale lenders; they can connect you with options.

The average annual homeowners insurance premium for a $200K home in Utah is $1,063. Utah’s insurance rates are influenced by low weather risks, local crime, and construction material costs.

Salt Lake City: A Top Pick for Millennial Homeowners   Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM) PSA  (Pricing Strategy Advisor) General Contractor...

Federal funds rate projected to fall from 3.7% (Q1) to 3.1% (Q4), marking consistent quarterly reductions. Rate adjustments aim to stabilize the economy, setting the stage for long-term equilibrium.

2025 housing market: moderate rise in home sales, stabilized mortgage rates, and slower price increases. All-cash buyers make up 26% of sales, driven by increased homeowner equity.

In October, the combination of rising mortgage rates and high home prices has slowed home sales to a 14-year low.New single-family home sales ↑ 4.1% MoM, signaling potential market recovery.

Create a budget by listing income sources, tracking spending, and identifying non-essential expenses to reduce. Set financial goals by researching housing markets, breaking down savings into monthly or yearly targets.

Homeowners may owe taxes if their profit exceeds the exclusion limits when selling their home. Single filers can exclude up to $250K in profits; couples filing jointly can exclude up to $500K.

Fed Funds Rate Trends Forecast: - 2025 rate: drop to 4.0% - 2026 rate: to hold ~3.8% Economic Outlook for 2025: - GDP growth: taper from 1.8% to 2.5% by year-end - Rate cuts respond to slower economic growth

Track your spending this winter to identify areas for cost-cutting before buying a home in 2025. Winter-proof your home to reduce energy bills and save money during the colder months.

Pricing slightly below market value attracts multiple offers and encourages faster sales across regions. Well-maintained exteriors and appealing landscapes boost property attractiveness in any climate.

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Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM) PSA  (Pricing Strategy Advisor) General Contractor 2000 (in-active) e-pro (advanced digital marketing)...