Unpacking the Long-Term Benefits of Homeownership
Unpacking the Long-Term Benefits of Homeownership If you’re thinking about buying a home soon, higher mortgage rates, rising home prices, and ongoing affordability concerns may make you wonder if it still makes sense to buy a home right now. While those market factors...
Fitness Tips For Seniors
Fitness Tips Prevent Falls For Seniors As we age, maintaining our balance and stability becomes increasingly important to prevent the risk of falls. Falls can have serious consequences for seniors, leading to injuries and a loss of independence. But fear not,...
The Return of Normal Seasonality for Home Price Appreciation
The Return of Normal Seasonality for Home Price Appreciation If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices...
Beginning with Pre-Approval
Beginning with Pre-Approval If you’re looking to buy a home this fall, there are a few things you need to know. Affordability is tight with today’s mortgage rates and rising home prices. At the same time, there’s a limited number of homes on the market right now and...
The Many Non-Financial Benefits of Homeownership
The Many Non-Financial Benefits of Homeownership Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, it's essential to think about the non-financial benefits that make a home more than just a...
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