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    Mortgage Rates Continue to Drop

    By Tim Whetsel | May 5, 2020

    According to the newest Bankrate data, average mortgage rates continue to drop, making this a great time to lock in a rate if you are thinking of refinancing your property or if you are in the market for a new home. While mortgage rates fluctuate almost every day, they are incredibly low by historical standards.... Read More

    Best Improvements to Sell Your Home

    By Tim Whetsel | April 7, 2020

    Home renovations can be a great way to boost the value of your home and make it more enticing to potential buyers, but sellers should be careful what improvements they take on. According to the experts, some renovations can actually hurt the value or appeal of your home. If you are thinking of updating your... Read More

    Mortgage Rates Hit Record Low, Refinancing Sky Rockets

    By Tim Whetsel | March 5, 2020

    The first week of March saw a surprise move by the Federal Reserve as the United States braces for potential economic effects from the global spread of the coronavirus. Mortgage rates nationwide fell to the lowest levels recorded since 1971, according to the most recent survey from Freddie Mac. Mortgage rates for a 30-year fixed-rate... Read More

    Existing Homes Sales Track up 3.6 Percent to Welcome 2020

    By Tim Whetsel | February 5, 2020

    According to the National Association of Realtors ® December 2019 report, existing home sales tracked up significantly in the final weeks of the decade, with the adjusted annualized rate of sales totaling 5.54 million, a 3.6 percent month-over-month and 10.8 percent year-over-year improvement. Median home prices nationwide also increased across the board for all housing... Read More

    Housing Trend Predictions for 2020

    By Tim Whetsel | January 2, 2020

    According to’s 2020 Economic Forecast, the new year will bring some important changes to national real estate trends. Millennials will lead the way, taking on more mortgages than Baby Boomers or Gen Xers as they compete to secure affordable housing. Buyers across the country will enjoy more opportunities for home ownership, but will also... Read More

    Park City Board of REALTORSⓇ 3rd Quarter Statistics

    By Tim Whetsel | December 2, 2019

    According to the recent press release, single-family homes continue to lead the market in the greater Park City area, with homes outside of Park City proper posting the strongest price gains. Both Heber City and the Jordanelle areas enjoyed strong, double-digit median prices increased over this time last year. After a summer slump, condominium median... Read More

    Federal Reserve Cuts Interest Rates

    By Tim Whetsel | November 5, 2019

    The Federal Reserve recently lowered interest rates by a quarter of a percent, the third time this year, placing the target range for federal funds rates to 1.5-1.75 percent. In doing so, the Fed cited “global developments for the economic outlook as well as muted inflation pressures” as their reasoning. While cuts in interest rates... Read More

    National Report: Homeowners Warming Up to Selling

    By Tim Whetsel | October 7, 2019

    According to the latest National Association of REALTORS® quarterly report, the percentage of current home owners who are optimistic about selling their property rose to 46 percent, a nice increase from 37 percent in the first quart of 2019. Why are homeowners warming up to the idea of selling? One reason is that home price... Read More

    Park City Board of REALTORSⓇ Release 2019 2nd Quarter Statistics

    By Tim Whetsel | September 7, 2019

    According to a recent press release, both Summit and Wasatch counties continue to post increases in average and median home sale prices. The greater Park City real estate market remains stable and homes listed at or below the media price are likely to sell three to six times more quickly. This creates a competitive market... Read More

    Widespread Economic Expansion Supports Healthy Housing Market

    By Tim Whetsel | August 5, 2019

    As of June 2019, the United States logged the longest economic expansion period in its history with 121 months of positive growth. This unprecedented economic development has translated to the housing market, boosting all aspects of the industry including home equity rates, home prices and rents, and successful house flipping. Frank Nothaft, chief economist at... Read More

    Upper Weber River Open for Public Recreation

    By Tim Whetsel | July 9, 2019

    In a recent public meeting in Coalville, Summit County Attorney Margaret Olson- backed by the Summit County Sheriff’s Office, the Department of Natural Resources, and the State Attorney General’s Office- announced that the Upper Weber River is open for public, water-based recreation. A one-mile stretch of the Weber River in Oakley has been the topic... Read More

    Best Home Renovations to Maximize Resale Value

    By Tim Whetsel | June 4, 2019

    It’s no secret that sellers want to get the most value out of their existing homes or that sellers often turn to home improvement projects to increase the value of their properties. Not every renovation yields a high return when it comes down to accepting an offer. For sellers to get the best return on... Read More