Conditions That Make or Break Your Home Contract
Specify mortgage details, interest rates, and loan types to avoid issues with earnest money deposits. Want seller assistance with closing costs? You must ask for it in your offer!
Does Home Insurance Shield Hurricane Damage?
Dwelling and personal property coverage repair your home and replace belongings, subject to policy limits and deductibles. Hurricane deductibles differ: Typically 1–5% of dwelling coverage, significantly impacting your out-of-pocket costs.
Utah rent increase proposal fails for third year in a row
A bill in Utah aimed at requiring landlords to provide 60 days' notice for rent increases was rejected for the third consecutive year, with a tied vote in the House Business, Labor, and Commerce Committee. Supporters argued it would benefit renters, but the...
Happy Presidents’ Day
Presidents' Day celebrates all past and present U.S. presidents. It reflects on the nation's founding principles and values, including the Constitution and union. Reading of Washington's Farewell Address by a U.S. senator remains an annual event for...
Utahns agree housing is a problem. What they don’t agree on is why
A recent survey by Envision Utah reveals that over two-thirds of Utah residents believe the state faces serious housing issues, yet many are unclear about the causes. Key factors identified include rising interest rates, construction costs, and an influx of new...
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