Looking to Sell a Home in 2025? Take These 5 Steps
Start by researching and interviewing realtors knowledgeable about your local market before selling.A fresh home makeover, including new paint and flooring, boosts appeal and first impressions.
Homeowner Tax Breaks: All the Ways Your House Can Boost Your Tax Refund
Owning a house in the US is expensive, with rapidly rising home prices and hidden expenses. However, tax credits and deductions for homeowners can lead to a bigger tax refund. Homeowners can take advantage of tax deductions by itemizing their deductions using Form 1040 Schedule A. Mortgage interest, mortgage points, and property taxes are some of the deductions available. Additionally, homeowners can claim tax credits for energy-efficient improvements and electric vehicle charging stations.
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How 2025 Trends Fuel Homeownership Potential
Home sales may rise 1.5%, prices climb 3.7%, and mortgage rates stay above 6% despite slight cuts.
A historic 11.7% home inventory jump and 13.8% new construction surge mark supply resurgence in 2025.
Buying a Home in 2025? Do 3 Things ASAP!
Mortgage rates are expected to fall in 2025, easing the path to homeownership.
As rates drop, more homeowners may sell, boosting real estate inventory and market opportunities.
What is ‘missing middle’ housing, and could it solve Utah’s housing crisis?
Since 2015, 87% of building permits in Utah have been for single-family homes, but experts suggest focusing on "missing middle housing" like duplexes and triplexes to address affordability. Daniel Parolek, who coined the term, emphasizes that these smaller, multi-unit buildings can provide more affordable options. He highlights zoning barriers and the need for policy changes to facilitate this housing type. Effective planning can enhance walkability and support transit-oriented development, making communities more livable and affordable.
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5 Reasons to Buy in 2025
Reduced demand could lead to stagnant or declining prices, creating better deals for new buyers.
Buyers prepared with savings and good credit can benefit from hesitant competition.
What’s The Most Expensive Zip Code In Southern Utah?
A unique perspective on the current housing market highlights the challenges of home buying, especially in Utah, where prices have surged. A recent analysis of 184 ZIP codes revealed Park City (84060) as the most expensive, with a median home value of over $2.047 million, reflecting a significant increase since 2019. Other top ZIP codes include Kimball Junction (84098) at $1,376,707, Alpine (84004) at $1,048,233, Kamas (84063) at $925,841, and Midway (84049) at $905,351. In southern Utah, New Harmony (84757) tops the list with a median price of $770,730.
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Capital Economics 2025 Home Price Forecast
Capital Economics forecasts U.S. home prices will ↑ 4.0% in both 2025 and 2026, signaling a stable housing market.Limited inventory will likely prevent price declines, supporting steady growth despite constrained buyer demand.
Will 2025 Finally Be a Normal Housing Market?
New listings ↑ 8% weekly, signaling more seller activity as the market heads into 2025.
Pending home sales ↑ 10% yearly, reflecting slight optimism in the housing market.
Happy Lunar New Year
恭喜發財. Wishing you prosperity.
Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good.
Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and doing some religious practices.
May the New Year bring many good things and rich blessings to you and all those you love!