Don’t Let the Latest Home Price Headlines Confuse You

Don’t Let the Latest Home Price Headlines Confuse You

Don’t Let the Latest Home Price Headlines Confuse You Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture. If you look at the national data for...

Maximizing The Benefits Of Home Equity When Downsizing

Maximizing The Benefits Of Home Equity When Downsizing

Maximizing The Benefits Of Home Equity When Downsizing When it comes to downsizing, homeowners often view it as a way to simplify their lives, reduce maintenance costs, or even relocate to a more desirable location. But what many don't realize is that downsizing can...

Why Pre-Approval Is Even More Important This Year

Why Pre-Approval Is Even More Important This Year

Why Pre-Approval Is Even More Important This Year On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024. What Pre-Approval Is...

There’s No Foreclosure Wave in Sight

There’s No Foreclosure Wave in Sight

There’s No Foreclosure Wave in Sight Some Highlights Headlines saying foreclosures are rising might make you feel uneasy. But the truth is, there’s no need to worry. If you look at the latest numbers, they’re still below pre-pandemic norms and way below what happened...

Don’t Wait Until Spring To Sell Your House

Don’t Wait Until Spring To Sell Your House

Don’t Wait Until Spring To Sell Your House As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell....

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

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