Category: Uncategorized
Park City to Host World Cup Sliding Events
For the first time since the dawn of the COVID-19 pandemic, World Cup events in bobsled, skeleton, and luge are returning to North America. Even better for Utah residents, Park City’s Utah Olympic Park (UOP) is bringing the events home to Summit County in late November and December of this year. The Bobsleigh and Skeleton... Read More
Oakley City Trail Park Has Something for Everyone
Have you checked out the Oakley City Trail Park yet? If not, this is definitely something to put on your summer to-do list! Whether you love to hike, mountain bike, or enjoy a day with your finest equestrian friend, this beautiful trail system truly has something to offer everyone. Located on Pinion Lane and easily... Read More
Mortgage Rates Hit Highest Point Since 2009
As the nation continues to experience one of the more stubborn bouts of inflation in recent memory, the Federal Reserve last week ordered the largest interest rate increase in more than 20 years. The hope is that by making it more expensive to borrow, demand will cool off. The day after the Fed’s announcement, lender... Read More
Housing Market Whirlwind Will Pass, Eventually
We are in the middle of an unprecedented stretch of the highest home prices in the nation’s history. The 18.8% increase in home prices over the past 12 months is significantly higher than the 14% increase leading up to the housing bubble in 2008. But housing economists continue to stress that simple laws of economics... Read More
Top 4 Reasons Homebuyers Love Utah
Anyone lucky enough to call Utah home already knows the Beehive State is a great place to live. But it’s not just current Utahans driving the demand for housing in communities on either side of the Wasatch Mountains. More and more homebuyers are rushing in from out of state to try to claim their own... Read More
Utah Leads Nation in Housing Heat Index
Well before the coronavirus transformed American life, Utah’s housing market was hot. With the onset of a global pandemic, the market turned into an inferno, as residents from California and Seattle began streaming into Utah looking for more space and affordable homes. With just two words, former president of the Utah Association of REALTORS® David... Read More
Family-Friendly Amenities Help Properties Sell Faster
Families make up a significant portion of today’s home-buying population. According to a recent Zillow analysis, family-friendly features not only help sell homes faster, but also bring in a premium sale price. According to the Zillow analysis, homes with a backyard sold an average of 5.2 days faster than expected, indicating that families are looking... Read More
Pending Home Sales Down, West Outpacing Rest of Country
According to the National Board of Realtors (NAR), the United States housing market is dealing with its lowest inventory supply in history. Nationwide, pending home sales slipped by 10.6% in January 2021 to February 2021, with national sales 0.5% lower year over year. According to NAR’s chief economist Lawrence Yun, the current slump in sales... Read More
Housing Market 2021: Two Questions with Expert Answers
There is no doubt that 2020 was a challenging year for the economy, but the housing market was a notable exception. As more Americans transitioned to remote work and schools embarked on virtual learning, the demand for single-family homes skyrocketed. At the same time, with record job losses throughout the country, many homeowners took advantage... Read More
Lack of Inventory Driving Busy Fall Real Estate Season
In most years, the first days of fall bring an annual slowdown in the real estate market, as the summer frenzy fizzles out and families begin another school year. But 2020 has other plans. According to realtor.com®’s September Monthly Housing Trends report, this year fall is bringing intense competition among buyers who are paying $20,000,... Read More
Slowdown in Pending Home Sales While Prices Still on the Rise
As we enter the final month of summer, pending home sales are slowing down. According to Zillow’s Weekly Market Report for the week ending July 25, this is most likely because the market is following seasonal trends. Generally speaking, as children get ready to go back to school, pending home sales tend to drop after... Read More
May Housing Data Indicates Return to Normalcy
According to realtor.comⓇ’s May Monthly Housing Trends Report, the United States housing market is strengthening as states begin to reopen after quarantine and lockdown measures related to the COVID-19 pandemic. The data shows that for the top 50 metropolitan areas included in the data, home prices are remaining firm and more listings are coming on... Read More