How to Determine Your Home’s Value
Robert and Kim are experts in personal finance at Newsweek. Determining your home value is crucial for selling your property. Methods include online tools, comparative market analysis, and professional appraisal. Factors like location, size, condition, comparable...
Real Estate Fortune: Why 2025 Is the Golden Year
2025 may present a unique opportunity for Real Estate agents despite ongoing industry challenges. An increase in inventory could lead to lower prices and more successful deals for agents.
New report reveals how one fast-growing expense is impacting homeowners: ‘Many may feel like they can never own a home’
Home insurance premiums in Utah have surged by 59% in three years, the highest increase nationwide, driven largely by climate change-related extreme weather. Rising costs are worsening the housing crisis, making homeownership harder, especially for first-time buyers....
US Homes: Will Growth Return in 2025?
U.S. home sales peaked in 2021, declined through 2024, and are expected to see mild growth in 2025-2026.Mortgage interest rates will continue influencing market trends, impacting prices and buyer demand.
Property Tax Trends Across the US
Rising property values have led to higher tax burdens, though some states cap assessments to limit drastic increases. Northeastern and Midwestern states generally impose higher property taxes, while Southern and Western states tend to have lower rates.
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