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Home Has a Whole New Meaning Today
Forbearance Numbers Are Lower than Expected
Forbearance Numbers Are Lower than ExpectedOriginally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some...
Are you Thinking About Selling? Sellers Are Returning to the Housing Market
Sellers Are Returning to the Housing MarketGet Your PEAR Report Today! (Professional Equity Assessment Report)In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand....
The Beginning of an Economic Recovery In Utah
The Beginning of an Economic RecoveryThe news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand...
Mortgage Rates and Payments by Each Decade
Mortgage Rates & Payments by DecadeSome HighlightsSometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low.Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of your...
Housing by the Numbers by Utah Realty
Homes Are More Affordable Right Now Than They Have Been in Years
Homes Are More Affordable Right Now Than They Have Been in YearsToday, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low...
Why Foreclosures Won’t Crush the Housing Market Next Year
Why Foreclosures Won’t Crush the Housing Market Next YearWith the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well...
The Latest Unemployment Report: Slow and Steady Improvement
The Latest Unemployment Report: Slow and Steady ImprovementLast Friday, the Bureau of Labor Statistics (BLS) released its latest Employment Situation Summary. Going into the release, the expert consensus was for 1.58 million jobs to be added in July, and for the...
2020 Homebuyer Preferences
2020 Homebuyer PreferencesSome HighlightsA recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers.Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save...
Expert Reactions to the 2020 Housing Market Recovery
America Has a Surprising New Favorite Room in the House
Photo Copyright Marty Gale The family room has long been the favorite room in the house—it’s where homeowners get to spend quality time with other family members. However, as the significant increase in time spent at home during the pandemic has changed preferences,...
How Is Remote Work Changing Homebuyer Needs?
How Is Remote Work Changing Homebuyer Needs?With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their...
Why Homeowners Have Great Selling Power Today
Why Homeowners Have Great Selling Power TodayWe’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their...
Today’s Buyers Are Serious about Purchasing a Home
Today’s Buyers Are Serious about Purchasing a HomeToday’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB)...
Home Sales Surging This Summer
Experts Weigh-In on the Remarkable Strength of the Housing Market
Experts Weigh-In on the Remarkable Strength of the Housing MarketAmerica has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of...
Homeownership Rate Continues to Rise in 2020
Homeownership Rate Continues to Rise in 2020So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the second quarter of 2020 has had...
Moving America Forward
Kids Go Back to School and Life goes on Says a group of Prominent Physicians
Guidance and Support Are Key When Buying Your First Home
Guidance and Support Are Key When Buying Your First HomeIn June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR):“The...
Is It a Good Time to Buy or Sell a Home?
A Real Estate Pro Is More Helpful Now than Ever
A Real Estate Pro Is More Helpful Now than Ever Some HighlightsA recent study shared by NAR notes that both buyers and sellers think an agent is more helpful than ever during the current health crisis.Expertise and professionalism are highly valued and can save buyers...
Two Reasons We Won’t See a Rush of Foreclosures This Fall
Two Reasons We Won’t See a Rush of Foreclosures This FallThe health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result,...
Thinking of Selling Your House? Now May be the Right Time. Utah Realty Can Help
Thinking of Selling Your House? Now May be the Right Time. Experienced Realtors at Utah Realty Can Help! Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there...
Mortgage Rates Fall to 50 year low
Mortgage Rates Fall Below 3% Some Highlights Mortgage rates hit another all-time low, falling below 3% this week. If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment. Let’s connect today to determine your best...
Real Estate is a Top Investment
Mortgage Rates Hit Record Lows for Three Consecutive Weeks
Mortgage Rates Hit Record Lows for Three Consecutive WeeksOver the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the...
Buyers: Are You Ready for a Bidding War?
Utah Buyers: Are You Ready for a Bidding War?Hiring an Expert with 34 Years of experience might just be what you need to rise to the top! With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated...
Americans Rank Real Estate Best Investment for 7 Years Running
Americans Rank Real Estate Best Investment for 7 Years Running Some Highlights Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years. The belief in the stability of housing as a long-term...
Best Time to Sell? When Competition Is at an All-Time Low
Best Time to Sell? When Competition Is at an All-Time Low In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are...
Taking Advantage of Homebuying Affordability in Today’s Market
Taking Advantage of Homebuying Affordability in Today’s MarketEveryone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may...
A Historic Rebound for the Housing Market
A Historic Rebound for the Housing Market Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are...
INDEPENDENCE DAY JULY 4TH
When Will Our Economy Turn Around?
America Is Another Name for Opportunity
America Is Another Name for Opportunity
Is the Health Crisis Driving Buyers Out of Urban Areas?
Is the Health Crisis Driving Buyers Out of Urban Areas? The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city...
A Historic Rebound for the Housing Market
A Historic Rebound for the Housing Market Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are...
Pricing you House to Sell this Summer In Utah
Buy Owner In Utah, Think You Should For Sale By Owner? Think Again
Think You Should For Sale By Owner? Think Again Some Highlights For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent. According to the National Association of Realtors’ Profile of Home...
New Index Reveals Impact of COVID-19 on Real Estate
New Index Reveals Impact of COVID-19 on Real Estate Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted...
