Experts Project Home Prices Will Increase in 2024
Experts Project Home Prices Will Increase in 2024 Even though home prices are going up nationally, some people are still worried they might come down. In fact, a recent survey from Fannie Mae found that 24% of people think home prices will actually decline over the...
3 Must-Do’s When Selling Your House in 2024
3 Must-Do’s When Selling Your House in 2024 If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. A great way to...
Buying Real Estate With Crypto Currency In Utah
Buying Real Estate With Crypto Currency In Utah As the world continues to evolve, so too does the way we invest and transact. In recent years, cryptocurrencies such as Bitcoin and Ethereum have emerged as prominent investment vehicles for tech-savvy individuals....
Key Terms Every Homebuyer Should Learn
Key Terms Every Homebuyer Should Learn Some Highlights Buying a home is a big deal and can feel especially complicated if you don't know the terms used during the process. If you want to become a homeowner this year, it's a good idea to learn these key housing...
3 Key Factors Affecting Home Affordability
3 Key Factors Affecting Home Affordability Over the past year, a lot of people have been talking about housing affordability and how tight it’s gotten. But just recently, there’s been a little bit of relief on that front. Mortgage rates have gone down since their most...
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