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)
Happy Valentine’s Day
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to...
Fannie Mae’s 2025 Housing Forecast
Mortgage rates remain above 6%, with slight home price growth and low supply continuing to pressure affordability. Existing home sales expected to recover slightly from multi-decade lows due to limited inventory and affordability barriers.
How to Invest Globally in Real Estate
Investing globally in Real Estate requires understanding market dynamics, including rent growth and job creation trends.Tap into local expertise, including brokers, property managers, and market analysts, to gain on-the-ground insights.
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...
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,...
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...