Utah Realty Presents A Tale of Two Markets [INFOGRAPHIC]
![A Tale of Two Markets [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2019/05/29110946/20190510-ENG-STM-1046x1354.jpg)
Some Highlights:
- An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices!
- Inventory continues to rise in the luxury and premium home markets which is causing prices to cool.
- Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis for 85 consecutive months.
Three Reasons Homebuyers Are Ready to Purchase In 2020
Three Reasons Homebuyers Are Ready to Purchase This YearA recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health...
Real Estate Tops Best Investment Poll for 7th Year Running
Real Estate Tops Best Investment Poll for 7th Year RunningEvery year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or...
How Did Covid-19 pandemic affect Salt Lake County home sales
How did the Covid-19 pandemic affect Salt Lake County home sales? In April, sales of all housing types fell to an eight-year low, and were down 28 percent compared to April 2019. The silver lining? Deferred spring home sales are now being realized as the market...
Are You Ready for the Summer Housing Market?
Are You Ready for the Summer Housing Market? As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the...
Is a Recession Here? Yes. Does that Mean a Housing Crash? No.
Is a Recession Here? Yes. Does that Mean a Housing Crash? No. On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way:...
Real Estate Will Lead the Economic Recovery
Real Estate Will Lead the Economic RecoveryWith more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the...
Unemployment Report Blows Away Skeptics
Unemployment Report Blows Away Skeptics Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate...
June is National Homeownership Month
National Homeownership Month Some Highlights National Homeownership Month is a great time to reflect on how we can each promote stronger community growth. Homeownership helps families build financial freedom, find greater happiness and satisfaction, and make a...
The Expert Economic Recovery Forecast
10 Questions to Ask an Elder Law Attorney
10 Questions to Ask an Elder Law Attorney Elder law attorneys cover a wide variety of legal areas, potentially including guardianship, long-term care planning, knowledge of government benefit programs, powers of attorney, estate planning, advance medical directives,...