Could a Rate Cut Free Housing’s ‘Stuck Pig’?
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.
Utah 2025: Boomtowns Adjust to New Normal
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.
Essential Steps to Take for Financial Success Before Buying a Home
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...
5 smart ways to use $100,000 in home equity right now
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...
How Can You Set the Stage for Winning Offers?
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...
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