Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a “slightly hot” market that is “cooling down.” Median days on market is 30.5 days, with inventory moving 6 percent faster than last year and 30.5 days faster than the U.S. overall. Properties in the area receive an average number of views 0.7 times lower than the U.S. average. Courtesy Source Salt Lake Board of Realtors
It’s Not Just About the Price of the Home
It’s Not Just About the Price of the HomeWhen most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the...
Salt Lake Home Sales Climb to Record High in July 2020
Salt Lake Home Sales Climb to Record High in July Salt Lake County home sales reached an all-time high in July at 2,093 homes sold, 15 percent higher than July 2019. It's the first time monthly sales surpassed 2,000 closings since the MLS began keeping records....
Utah Real Estate Tip – there are no “easy” transactions.
Real Estate Legal Tip - there are no "easy" transactions.Some people say that when the market is hot, "I can sell my home myself," or "I don't need an experienced agent because it costs money," or "how hard can it be?"Curtis Bullock From the Salt Lake Board of...
The Cost of Renting Vs. Buying a Home
The Cost of Renting Vs. Buying a HomeSome HighlightsThe percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise.This is making buying a home an increasingly attractive option for many people, especially with...
Forbearance Numbers Are Lower Than Experts Forecasted
Forbearances have stayed well under the rate experts initially forecasted. Let's connect if you have questions about your options.
Top Reasons People Are Moving This Year In 2020
The Top Reasons People Are Moving This YearToday, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate...
Ask a Pro About Buying a Home
Ask a Pro About Buying a Home Some HighlightsAccording to trending data, searches for key real estate topics are skyrocketing online.Clearly, lots of people have questions about buying a home, and other topics related to the process.Working with a trusted real estate...
Home Has a Whole New Meaning Today
Forbearance Numbers Are Lower than Expected
Forbearance Numbers Are Lower than ExpectedOriginally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some...
Are you Thinking About Selling? Sellers Are Returning to the Housing Market
Sellers Are Returning to the Housing MarketGet Your PEAR Report Today! (Professional Equity Assessment Report)In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand....