Utah home prices increased 9.80 percent in the fourth quarter year-over-year, giving the state the third fastest growing home prices nationally, according to the Federal Housing Finance Agency. Idaho was No. 1, with prices there rising 11.93 percent. North Dakota was in last place with a 0.02 percent increase.
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...
California wildfires could have ‘domino effect’ on Utah’s home insurance market
Insurance companies like State Farm and Allstate have halted new home-insurance policies in California due to rising wildfire risks, with the state experiencing eight of the ten costliest wildfires in the U.S. Insurers are now using advanced wildfire mapping tools to...
2025 Interest Rate Forecast: Economic Balancing Act
Rates to drop from 4.5% (Q1) to 3.9% (Q4), following gradual rate cuts across four quarters. Rate cuts aim to boost borrowing and economic activity while addressing inflation concerns.
Salt Lake County, central Utah receive federal funding to make homes safer
Salt Lake County and six central Utah counties will receive nearly 50% of the $6.8 million allocated for home safety improvements in the Mountain West region. The funds, awarded by the U.S. Department of Housing and Urban Development, aim to address health hazards in...
Homebuyers: 2025’s Ride Will Be Bumpy!
Home values are expected to rise 2.6% in 2025, matching 2024's growth pace. Sales of existing homes will climb to 4.3 million in 2025, up from 4 million this year.
How Rate Cuts Could Fuel Homebuying Competition
The Fed influences mortgage rates indirectly through its policy on inflation and labor market data. Mortgage rates generally drop with Fed rate cuts, making borrowing cheaper for consumers.
Top Tips for Avoiding High Mortgage Rates
Feeling trapped by high interest rates? Take charge with these effective strategies to secure better mortgage rates. Review and improve your credit report and score to enhance lender confidence and secure favorable rates.
Utah’s Housing Landscape Reveals Significant Demographic Shifts
A comprehensive analysis of housing permits in Utah shows significant changes in residential development over the past 30 years. Approximately 416,000 new residential units have been built, with two-thirds located in Salt Lake, Davis, Utah, and Weber Counties....
When Are Quarterly Taxes Due in 2025?
Quarterly taxes are due four times per year to avoid IRS penalties. The first quarterly payment for 2025 is due on April 15, for income earned in Q1.
How to buy a multifamily property with low income
Investing in real estate can be lucrative, even for those with limited funds. Buying a multifamily property with no money down offers income potential, lower risk, and potential for appreciation. Benefits include cash flow, building equity, tax advantages, and...