Salt Lake home prices have increased nearly 47 percent over the past five years, and more than 371 percent since 1991, according to a recent report by the Federal Housing Finance Agency. Nationwide, home prices have increased 32.81 percent over the same five-year period. Over the past year, home prices across Utah increased 9.80 percent, the third highest house-price appreciation of all states, the report said The FHFA House Price Index (HPI) is a broad measure of the movement of single-family house prices. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. (Courtesy of Salt Lake Board of Realtors)
Unpacking the Long-Term Benefits of Homeownership
Unpacking the Long-Term Benefits of Homeownership If you’re thinking about buying a home soon, higher mortgage rates, rising home prices, and ongoing affordability concerns may make you wonder if it still makes sense to buy a home right now. While those market factors...
Fitness Tips For Seniors
Fitness Tips Prevent Falls For Seniors As we age, maintaining our balance and stability becomes increasingly important to prevent the risk of falls. Falls can have serious consequences for seniors, leading to injuries and a loss of independence. But fear not,...
The Return of Normal Seasonality for Home Price Appreciation
The Return of Normal Seasonality for Home Price Appreciation If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices...
Beginning with Pre-Approval
Beginning with Pre-Approval If you’re looking to buy a home this fall, there are a few things you need to know. Affordability is tight with today’s mortgage rates and rising home prices. At the same time, there’s a limited number of homes on the market right now and...
The Many Non-Financial Benefits of Homeownership
The Many Non-Financial Benefits of Homeownership Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, it's essential to think about the non-financial benefits that make a home more than just a...
Remote Work Is Changing How Some Buyers Search for Their Dream Homes
Remote Work Is Changing How Some Buyers Search for Their Dream Homes The way Americans work has changed in recent years, and remote work is at the forefront of this shift. Experts say it’ll continue to be popular for years to come and project that 36.2 million...
What is Housing going to do this fall in Salt Lake County?
Housing is always a hot topic in Utah and the anticipated Fall housing market in Salt Lake County. As seasons change, so do the dynamics of real estate, and we are here to provide you with an insightful glimpse into what can be expected in this vibrant and dynamic...
Plenty of Buyers Are Still Active Today
Plenty of Buyers Are Still Active Today Some Highlights Holding off on selling your house because you believe there aren’t any buyers out there? Data shows buyers are still active, even with higher mortgage rates. This goes to show, people still want to buy homes, and...
Should Baby Boomers Buy or Rent After Selling Their Houses?
Should Baby Boomers Buy or Rent After Selling Their Houses? Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change? If you’re thinking about selling your house, you have a lot to consider. Will you move to a different...
Today’s Housing Market Has Only Half the Usual Inventory
Today’s Housing Market Has Only Half the Usual Inventory Some Highlights There are only about half the number of homes for sale compared to the last normal years in the market. That means buyers don’t have enough options right now. So, if you work with an agent to...