Category: Market Condition

Q1 Market Update

Utah Housing Market Update: How did the housing market perform in the first quarter of 2022? 1. Home Sales Home sales have remained competitive in the U.S housing market, though…

Misconceptions of Rising Interest Rates in the Real Estate Market

How do rising interest rates affect the real estate market? Here are a few things you should know about what to expect from rising mortgage rates.

The Impact of Rising Inflation to the Housing Market

Rising interest and mortgage rates Meanwhile, mortgage rates are expected to rise with rising interest rates. This is where the housing market is expected to slowly cool down as buyer’s purchasing power is affected. As of March 31, the average 30-year fixed mortgage rate stood at 4.67%—up from 3.11% at the end of December.

Equity Gains: A Hedge Against Inflation

The real estate industry has proven its strength to fare against the seemingly ripple effect initially caused by the pandemic. The crisis has influenced the rise of Inflation rates and is now evidently creeping up to every household.

Last Year, Homes Earned More for Homeowners Than Their Jobs

Last Year Homes Earned More for Homeowners Than Their Jobs. The typical U.S. home, rose 19.6% in 2021 to $321,634, an increase of $52,667 from 2020. According to Census Bureau data cited by Zillow That figure was slightly higher than what the median U.S. full-time worker earned, which was about $50,000 last year before taxes.

Why Now is A Great Time to Buy & Sell

It is that time of the year again, Holiday season! So what does that mean for real estate? Typically, November through January people want to feel settled in their home and…

What to Expect for the 2022 Housing Market

As we head into the fourth quarter of this year we start to wonder what is in store for the upcoming year? For any homebuyer, saying the 2021 housing market…

Utah Housing Market Starting to ‘Normalize’ but Remains Competitive

FILE – Rows of homes, are shown in suburban Salt Lake City, on April 13, 2019. Utah is one of two Western states known for rugged landscapes and wide-open spaces…

Average Rental Prices Rising Sharply

When you weigh your options of whether to buy a home or continue renting, how much you’ll pay each month is likely top of mind. Especially if you are a…

Future Vision For Utah’s Real Estate Market

Utah Central Association of Realtor's had their Economic Housing Summit last week and provided insight on their real estate market predictions for the future. If their predictions hold true we are in for a wild ride.