Utah Association of Realtors Last year’s rapid rise in mortgage rates has continued to add balance to the housing market. Buyers are seeing lower prices, more concessions, greater negotiating power, increased selection and more time to make decisions. However, competition remains for homes that are...
Tag: uar
Utah home buyers see greater negotiating power, decreased affordability
posted by: UtLiving
November 2, 2022
By Utah Association of Realtors The rapid rise in mortgage rates created a less competitive housing market in September as affordability challenges kept would-be buyers on the sidelines. However, those buyers who remained in the market experienced much-improved housing selection and the most negotiating power...
March Sets Records For Most Home Sales, Highest Median Price, Lowest Inventory
posted by: UtLiving
April 28, 2021
The temperature of an already hot housing market has gone up, even more, this spring as home sales increase, prices rise and buyers compete for a limited number of properties for sale. March data from the Utah Association of Realtors (UAR) shows the median sales...
Staged Homes Sell Faster And For More
posted by: Camille Durtschi
April 14, 2021
Even though it’s a hot market, it still pays for sellers to adequately prepare their homes before placing a for-sale sign in the yard. That’s according to a new study that finds that home staging — the process of cleaning and decluttering a home to...
Each April, the country commemorates the passage and signing of the 1968 federal Fair Housing Act, which makes it illegal to discriminate in the sale, lease or rental of housing. Lyndon B. Johnson signed the act to ensure all Americans have equal access to the...
Inventory Of Homes For Sale Falls 64% In February
posted by: Camille Durtschi
March 31, 2021
Utah’s spring home-buying season is off to an early start as bidding wars and intense buyer competition continue to define real estate markets in the state. With significant demand for homes right now, there are simply not enough for-sale properties to go around. In fact,...
Multi-Generational Homes Becoming More Popular
posted by: Camille Durtschi
March 24, 2021
After months of being cooped up, the pandemic has emphasized the need for space at home and the desire to be close to family. That’s why it’s not surprising that a new report finds that buyers are buying bigger homes to house multiple generations. This...
SLC Listed As Top 10 Market For Commercial Real Estate
posted by: Camille Durtschi
March 17, 2021
After a year of staying home, it’s no surprise that commercial real estate markets have felt the impact. This year’s outlook, however, depends on the type of real estate and the location. That’s according to the National Association of Realtors (NAR), which hosted a Commercial...
Appraisals In A Hot Market
posted by: Camille Durtschi
March 10, 2021
The Utah housing market started the year at a strong pace, but exceptionally low inventory levels are holding back many prospective buyers who would have purchased homes had more choices been available. Few homes for sale combined with high demand for housing has created a...
Housing Inventory Drops Sharply In January
posted by: Camille Durtschi
March 3, 2021
The Utah housing market started the year at a strong pace, but exceptionally low inventory levels are holding back many prospective buyers who would have purchased homes had more choices been available. The Utah Association of Realtors reported that January sales were even with the...