Utah’s 2024 economy broke records, but can 2025 growth keep up?
In 2024, Utah's home prices reached near-record highs despite a slight drop in 2023, while high mortgage rates hindered new buyers. The state's economy grew, with a population increase of 1.5% and job growth at 1.7%. However, unemployment rose to 3.1%. Over...
Staged Property: The Hidden Risks
Staged Property: The Hidden Risks - Buyer Beware In the dynamic realm of real estate, the allure of staged properties often captivates potential buyers, presenting spaces in their most attractive light and promising a dreamlike living scenario. However, beneath the...
Buying a House With Tenants? Know Your Rights
If a lease exists, it remains valid, preventing rent hikes or evictions until its term expires. Want tenants to move out? You must negotiate, buy them out, or ensure vacancy before purchase.
Smart Timeline Strategies for Selling Your Home
Selling a home takes 8-12 weeks, including 1-2 weeks for prep, 3-4 weeks for listing, and 4-6 weeks for closing. Preparation is crucial; allocate 3-5 days for decluttering, staging, and 1-2 days for professional photography.
SCAM ALERT: Fraudulent Tax Collection Letters Targeting Utah Taxpayers
The Utah State Tax Commission warns taxpayers about a fraudulent letter circulating in Utah, falsely claiming unpaid state taxes. The letter resembles an official notice and threatens legal action if payment is not made. Taxpayers are advised to verify the...
Utah’s Housing Growth at Risk?
Rapid price hikes in Salt Lake City and Provo raise serious affordability concerns. Many buyers priced out, causing declining demand and potential home value drops.
Happy Easter
Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival of Christianity.It is believed that Easter is named after the Anglo-Saxon goddess of the...
Tariffs Could Add 5% to Home Prices
The US faces a shortage of 4.4M homes, including 1.3M single-family homes for lower-income buyers. New tariffs on Canadian and Mexican imports could raise home construction costs by ↑ 5%, worsening accessibility.
Home Upgrades Booming by 2032 With 6% CAGR Predicted!
The home improvement market is set to grow from $974.57B in 2025 to $1.46T by 2032, driven by innovation. The Leading Indicator of Remodeling Activity projects a 1.2% increase in year-over-year home renovation spending for 2025.
Cities With the Most Expensive Homes in Utah
Typical home values in various Utah metro areas show significant increases over the past year and five years. Provo-Orem has a typical home value of $658,066 with a 1-year change of +2.9% and a 5-year change of +49.7%. Salt Lake City’s typical home value is $662,640,...