A Recession Doesn’t Equal a Housing Crisis
If you're following the news, you might be wondering what could happen to the housing market if there's a recession. Let's connect to discuss why history shows a recession doesn't equal a housing crisis.Buy or Sell with Marty Gale "Its The Experience" Principal Broker...
The Average Homeowner Gained $64K in Equity over the Past Year
The Average Homeowner Gained $64K in Equity over the Past Year If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price...
More Americans Choose Real Estate as the Best Investment Than Ever Before
More Americans Choose Real Estate as the Best Investment Than Ever Before Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth...
Why the Growing Number of Homes for Sale Is Good for Your Move Up
Why the Growing Number of Homes for Sale Is Good for Your Move Up Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know....
June is National Homeownership Month
How Homeownership Impacts You June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community,...
Utah ranks in the Top 10 states when it comes to the highest percent change in house appreciation, according to the House Price Index by the Federal Housing Finance Agency. The report noted that Utah home prices have appreciated 46.03 percent in the past five years. Nevada posted the highest appreciation at 81.84 percent. Connecticut was the lowest at 7.91 percent. The U.S. five-year average was 34.71 percent. Salt Lake City ranked No. 22 of 383 U.S. metropolitan areas in highest appreciation. Over the past five years home prices in the Salt Lake City area have increased 47.24 percent. The HPI is a broad measure of the movement of single-family house prices. It serves as a timely, accurate indicator of house price trends at various geographic levels. Written by Salt Lake Board or Realtors