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
Goldman Sees More Rate Cuts Ahead
Goldman Sachs expects 3 rate cuts in 2025, totaling 0.75%, while the Fed currently projects only two. Tariffs and higher costs are likely driving Goldman’s forecast, predicting slower growth and weaker consumer confidence
Happy Fourth of July
To all great Americans around the world, a very Happy Fourth of July to you all. This day is incredibly significant as the day the United States officially became its own nation. Let’s celebrate America’s birthday with festivals, parades, fireworks and other festive...
Have 3 Remodeling Options? High-Value Ones for 2025
Not all renovations boost home value; strategic improvements matter most for 2025. Energy-efficient upgrades like solar panels and insulation cut utility bills and attract budget-conscious buyers.
Can You Afford a 3-Bed Home in Utah in 2025?
In 2025, buying a home remains out of reach for many Americans as housing prices continue to rise. A recent report shows that in 35 out of 50 states, a 6-figure income is now required to afford a median-priced 3-bed home. In high-cost states like Utah, buyers need a...
Recession Coming? Turn It Into a Wealth Opportunity
Recessions often trigger Real Rstate dips, creating prime opportunities for investors to buy undervalued properties. Short sales and foreclosures surge during downturns, expanding inventory and increasing buyer negotiating power.
Fannie Mae Revises 2025 Growth Down to 3.4%
U.S. home prices are projected to grow 3.4% in 2025 and 3.3% in 2026. These forecasts are slightly lower than previous estimates of 3.8% for 2025 and 3.6% for 2026.
What’s the Cost to Rent 1,000 Sq Ft in Utah?
Utah has an avg rent of $1,612/mo. The avg apartment size is 920 sq ft. Rent per sq ft comes to about $1.75. Utah ranks among the more costly states for rental housing. It’s a competitive market for renters valuing both space and location.
How to Determine Home Value
To determine a home's value, consider various methods including online automated valuation models (AVMs), which use public records and recent sales data. For a more detailed assessment, a comparative market analysis (CMA) from a local agent or a professional...
The Minimum Savings You Need to Retire in Utah
Utah ranks #15 among the most expensive states to retire based on the minimum savings needed Minimum savings needed to retire in the state: $1,083,951 Annual cost of living (total expenditures): $65,795 Annual Social Security income: $22,523.40 Annual expenditures...
Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day...