Guidance and Support Are Key When Buying Your First Home
Guidance and Support Are Key When Buying Your First HomeIn June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR):“The...
Is It a Good Time to Buy or Sell a Home?
A Real Estate Pro Is More Helpful Now than Ever
A Real Estate Pro Is More Helpful Now than Ever Some HighlightsA recent study shared by NAR notes that both buyers and sellers think an agent is more helpful than ever during the current health crisis.Expertise and professionalism are highly valued and can save buyers...
Two Reasons We Won’t See a Rush of Foreclosures This Fall
Two Reasons We Won’t See a Rush of Foreclosures This FallThe health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result,...
Thinking of Selling Your House? Now May be the Right Time. Utah Realty Can Help
Thinking of Selling Your House? Now May be the Right Time. Experienced Realtors at Utah Realty Can Help! Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there...
Utah ranks in the Top 10 states when it comes to the highest percent change in house appreciation, according to the House Price Index by the Federal Housing Finance Agency. The report noted that Utah home prices have appreciated 46.03 percent in the past five years. Nevada posted the highest appreciation at 81.84 percent. Connecticut was the lowest at 7.91 percent. The U.S. five-year average was 34.71 percent. Salt Lake City ranked No. 22 of 383 U.S. metropolitan areas in highest appreciation. Over the past five years home prices in the Salt Lake City area have increased 47.24 percent. The HPI is a broad measure of the movement of single-family house prices. It serves as a timely, accurate indicator of house price trends at various geographic levels. Written by Salt Lake Board or Realtors