Tariffs Could Add 5% to Home Prices
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.
Home Upgrades Booming by 2032 With 6% CAGR Predicted!
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.
Cities With the Most Expensive Homes in Utah
Typical home values in various Utah metro areas show significant increases over the past year and five years. Provo-Orem has a typical home value of $658,066 with a 1-year change of +2.9% and a 5-year change of +49.7%. Salt Lake City’s typical home value is $662,640, reflecting a 1-year increase of +3.2% and +62.1% over five years. Heber's typical home value is $713,289, with a 1-year change of +1.4% and +64.7% over five years. Overall, home values across these areas have shown strong growth.
Continue to full article
Act Now: Prep for Spring Home Buying
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.
When’s the Best Time of Year to Sell Your Home?
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.
Is your homeowners association overstepping? Here are 6 unenforceable HOA rules — and how to protect your rights
An estimated 30% of the U.S. population lives in homeowners associations (HOAs), which can impose rules that may be overly restrictive. However, certain rules are unenforceable, including those that violate state and federal laws, infringe on political speech, prohibit displaying the American flag, ban satellite dishes, inhibit religious freedom, and restrict the use of clotheslines. Residents can protect their rights by reviewing HOA rules, attending meetings, and potentially seeking legal advice if necessary.
Continue to full article