Home Affordability Factors

Despite Fed rate cuts, 2025’s housing market remains a “stuck pig,” trapped by affordability and structural issues. Median home prices remain 4.2x median income; price gains forecast between 0.6% and 6.1% for 2025.

Salt Lake City prices likely to flatten or dip as post-pandemic migration slows. New builds and resale listings ease supply crunch seen in boom years.

Buying a home is a significant milestone that requires careful financial preparation. Before starting the process, assess your financial situation, pay down high-interest debt, and establish an emergency fund. Check your credit score and get pre-approved for a...

U.S. homeowners have about $300,000 in tappable home equity, offering borrowing options at around 8% interest, much lower than credit card rates above 21%. Smart uses for $100,000 in equity include paying off high-rate debt, strategic home renovations, investing in...

Provide a comprehensive disclosure package before listing: Include seller disclosures, inspections, HOA documents, and a FAQ to inform buyers upfront.Promote open house opportunities: Utilize MLS tools to list open house dates and times, making it easier for buyers to...

Listing in late spring, especially Mid-Q2, yields the highest sale premiums for home sellers. The holiday season is the weakest period — December 24, 26, and 31 show the lowest returns.

To maintain your standard of living in Provo-Orem, you'll need a household income of $71,851. - Home Price: $604K - Apartment Rent: $1,531 - Total Energy: $164

Buying a second home involves stricter mortgage rules and higher rates. Refinancing can optimize cash flow and change terms, rates, or release equity on rental properties. Conventional loans are required for cash-out refinancing on investment properties. Leveraging...

Salt Lake County's certified property tax rate decreased from 0.1297% to 0.1253% to adjust for inflation, keeping revenue stable without raising taxes. New growth added $3.76 million in revenue, though slightly below projections. Some residents will see different...

Apartment construction slowing down could lead landlords to raise rents due to limited supply. U.S. asking rents have stabilized, but tariffs may disrupt the rental market and drive prices up.