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)
Pre-Approval Is a Strategic Move When You’re Buying a Home
Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 General Contractor 2000 (in-active) e-pro (advanced digital marketing) 2001 Certified Residential Specialist 2009 Certified Negotiation Expert 2014 Master...
Expert Housing Market Forecasts for the Second Half of the Year
Expert Housing Market Forecasts for the Second Half of the Year The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help...
Happy 4th of July
Happy Independence Day
Real Estate Consistently Voted Best Investment
Real Estate Consistently Voted Best Investment Some Highlights Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row. Owning real estate is more than just a place to call home. It’s also an investment in your...
Why an Agent Is Essential When Pricing Your House
Why an Agent Is Essential When Pricing Your House Some Highlights When it comes to pricing your house, there’s a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional. To find the best price, your agent...
A Recession Doesn’t Equal a Housing Crisis
If you're following the news, you might be wondering what could happen to the housing market if there's a recession. Let's connect to discuss why history shows a recession doesn't equal a housing crisis.Buy or Sell with Marty Gale "Its The Experience" Principal Broker...
The Average Homeowner Gained $64K in Equity over the Past Year
The Average Homeowner Gained $64K in Equity over the Past Year If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price...
More Americans Choose Real Estate as the Best Investment Than Ever Before
More Americans Choose Real Estate as the Best Investment Than Ever Before Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth...
Why the Growing Number of Homes for Sale Is Good for Your Move Up
Why the Growing Number of Homes for Sale Is Good for Your Move Up Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know....
June is National Homeownership Month
How Homeownership Impacts You June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be. When you purchase a house, it becomes more than just a space you occupy. It’s your stake in the community,...