What Impact Might COVID-19 Have on Home Values?A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy.The...

Uncertainty Abounds in the Search for Economic Recovery TimetableEarlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic...

Will This Economic Crisis Have a V, U, or L-Shaped Recovery?Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big...

The Pain of Unemployment: It Will Be Deep, But Not for LongThere are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million...

How Technology is Helping Buyers Navigate the Home Search Process Some Highlights:A recent realtor.com survey revealed that buyers are still considering moving forward with the homebuying process, even if they can’t see the home in-person.While they still prefer to...

Today’s Homebuyers Want Lower Prices. Sellers Disagree.Utah Single Family Inventory has  risen from 5775 to 5940 from April 5th to April 16th.Utah County Single Family Inventory April 5th was 1401,  April  16th up a little to 1466Salt Lake County Single Family Home...

Think This Is a Housing Crisis? Think Again.With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it's logical to...

What If I Need to Sell My Home Now? What Can I Do?Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in...

Why Home Office Space Is More Desirable Than EverFor years, we’ve all heard about the most desirable home features buyers are looking for, from upgraded kitchens to remodeled bathrooms, master suites, and more. The latest on the hotlist, however, might surprise...

The Housing Market Is Positioned to Help the Economy RecoverSome HighlightsExpert insights are painting a bright future for housing when the economy bounces back – and it will.We may be facing challenging economic times today, but the housing market is poised to help...

Looking to the Future: What the Experts Are SayingAs our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human...

According to CISA (Cybersecurity and Infrastructure Security Agency)This list is advisory in nature. It is not, nor should it be considered, a federal directive or standard. Additionally, this advisory list is not intended to be the exclusive list of critical...

Don’t Let Frightening Headlines Scare YouThere’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well.Amidst all this anxiety, anyone with a...

According to the Salt Lake Board of Realtors®Salt Lake home sales year-to-date are roughly the same as they were last year at this time. While everyday life has changed, the current economic quarantine could be short-lived, according to Lawrence Yun, chief economist...

A Recession Does Not Equal a Housing Crisis Some HighlightsThe COVID-19 pandemic is causing an economic slowdown.The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.All things considered, an...

Why the Stock Market Correction Probably Won’t Impact Home ValuesWith the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking...

View the the interactive map https://google.org/crisisresponse/covid19-map

Notice the On Set Dates Below 

Three Reasons Why This Is Not a Housing Crisis In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks...

Two Big Myths in the Homebuying Process The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: “The majority of millennials not only want to own a home, but 84% of...

5 Simple Graphs Proving This Is NOT Like the Last Time With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The...

Yes, You Can Still Afford a Home The residential real estate market has come roaring out of the gates in 2020. Compared to this time last year, the number of buyers looking for a home is up 20%, and the number of home sales is up almost 10%. The increase in purchasing...

Equity Gain Growing in Nearly Every State Rising home prices have been in the news a lot lately, and much of the focus is on whether they’re accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising...

Mortgage rates fell to their lowest level on record Thursday, pulled down by fears that the spread of coronavirus could weigh on the U.S. economy. The average rate on a 30-year fixed-rate mortgage fell to 3.29 percent from 3.45 percent last week and down from 4.41...