Why Today’s Housing Market Is Not About To Crash
Why Today’s Housing Market Is Not About To Crash There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to...
Cinco de Mayo -Mexican Independence Day!
Today is Cinco de Mayo May 5th Happy Cinco de Mayo! Cinco de Mayo is a holiday that is celebrated in the United States every year on May 5th. While many people associate the holiday with Mexican Independence Day, which is actually celebrated on September 16th, Cinco...
How Homeowners Win When They Downsize
How Homeowners Win When They Downsize Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer...
What’s in store for the Housing Market for the rest of 2023, and beyond?
What’s in store for the Housing Market for the rest of 2023, and beyond? According to industry experts, the housing market is expected to remain strong in the coming years, with steady demand and limited supply driving up prices. This trend is likely to continue into...
Ways To Overcome Affordability Challenges in Today’s Housing Market
Ways To Overcome Affordability Challenges in Today’s Housing Market Some Highlights With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget. You can also work with a trusted...
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