Why It Makes No Sense to Wait for Spring to Sell
The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As an example, here is what happened to housing inventory at the beginning of 2018:
Putting your home on the market now, rather than waiting for increased competition in the spring, might make a lot of sense.
Bottom Line
Buyers in the market during the winter are truly motivated purchasers and they want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.
Balanced Market Ahead: Median Price Approaches $411K
Home prices are expected to increase modestly in 2025, with a forecasted median of $410,700. Inventory will rise slightly, creating a balanced market with more opportunities for buyers in 2025.
Happy April Fool’s Day
Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!
What’s Shaping the Future of Real Estate?
Rising mortgage rates and economic shifts continue to influence housing affordability and accessibility. Homeowners' insurance costs have surged due to climate risks, prompting state-led policy solutions.
Single & Secure: Financial Planning Tips
Sharing expenses with friends or family, like splitting groceries or carpooling, helps reduce costs. Establishing an emergency fund ensures financial security; aim to save 3-6 months of expenses.
New Year, New Home: Buying & Selling Tips
Start Early: Sellers should begin the process early, evaluating their home and preparing for the market.Home Preparation: Sellers should invest in updates, cleaning, and professional staging to increase appeal.
How Insurance Can Help With Retirement Planning
Long-term care insurance shields retirement funds by covering care costs like home care or assisted living. Cash-value life insurance offers tax-deferred growth, ideal for those maximizing retirement plans and seeking additional savings.
How to Protect Your Belongings With Insurance
Ensure your coverage includes extended or guaranteed replacement cost to cover spikes in repair costs. Don’t skip flood insurance—99% of counties faced flooding between 1996-2019, according to FEMA.
3 buildings in Utah among hundreds of federal properties ‘designated for disposal’
Three federal properties in Utah, including the IRS Service Center in Ogden, the St. George Federal Building, and the Wallace F. Bennett Federal Building in Salt Lake, are among hundreds designated for disposal by the GSA. These buildings are considered “non-core” and...
How Stable Is Utah’s Housing Market?
Utah's housing market has a 20.7% chance of a 5% price drop over the past 25 years, lower than the US 26.4% avg. Since 2000, the median home price ↑ 210%, higher than the national ↑ 196%.
Happy St. Patrick’s Day
St Patrick's Day is the day we all turn a bit Irish. 13 million pints of Guinness are consumed worldwide on St. Patrick's Day. Green is now the traditional color of St. Patrick's Day.
