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)
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...
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...
California wildfires could have ‘domino effect’ on Utah’s home insurance market
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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...