Are Interest Rates Expected to Rise Over the Next Year?
Are Interest Rates Expected to Rise Over the Next Year?So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into...
Single Family Inventory on The Rise for May
It’s a Great Time for Your House to Shine
It's a Great Time for Your House to Shine April 30, 2021 Today's housing market makes it easy to win as a seller. Let's connect if you're ready to make a move this year.
Utah Housing This Isn’t a Bubble. It’s Simply Lack of Supply
This Isn’t a Bubble. It’s Simply Lack of Supply. [INFOGRAPHIC] Some Highlights In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market. When addressing whether or not today’s high...
Endless Utah Real Estate Possibilities
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