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: Utah Association of realtors
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...
Home sales falling through
posted by: UtLiving
August 29, 2022
By Peter Miller Question: We want to list our home for sale and have spoken with several brokers. Of course, we want the highest price, but one broker warned that offers can fall through if buyers are willing to pay too much and can’t. Is that...
Buyers see benefits from slower market activity in June
posted by: UtLiving
July 27, 2022
Utah Association of Realtors As housing demand moderates because of higher interest rates, buyers are beginning to see some benefits from the slower market activity. That’s according to the latest report from the Utah Association of Realtors that showed housing conditions beginning to normalize after...
Tracking migration into and out of the suburbs
posted by: UtLiving
July 20, 2022
BY Erik J. Martin, CTW Features Big cities have long been a magnet for renters and home buyers alike, often promising closer proximity to jobs greater dining and entertainment attractions, and a lifestyle amenable to go-getters and active Americans. But truth is, many city dwellers...
Home selling mistakes to avoid in a changing market
posted by: UtLiving
July 13, 2022
BY UTAH ASSOCIATION OF REALTORS After two years of a white-hot real estate market, conditions are beginning to change — and that means sellers will also need to make changes. While the market still favors those with houses for sale, it’s important to remember that...
Home prices hit new record even as rates rise
posted by: UtLiving
April 28, 2022
By The Utah Associate of Realtors Even with sharp increases in mortgage rates, Utah home prices keep going up as properties continue to sell at a rapid pace. In fact, the median price of Utah homes sold set a record in March, hitting a median...
Study says April is the best time to list a home
posted by: UtLiving
April 14, 2022
By Utah Association of Realtors If you’re thinking about selling your home, now may be the perfect time. In fact, a new study says the ideal time to list a home is only a few days away. The week of April 10-16 will be the...
How will rising interest rates affect Utah’s housing market?
posted by: UtLiving
March 31, 2022
By Utah Associate of Realtors With mortgage interest rates moving to their highest levels since early 2019, many are wondering how the increase will affect Utah’s housing market. Freddie Mac reported on Thursday that the 30-year fixed-rate mortgage jumped a quarter percent, averaging 4.42% for...
Absolute dream home in East Millcreek
posted by: UtLiving
March 16, 2022
By David Wilfong This mansion in East Millcreek is a home that dreams are made of. It has a total of seven bedrooms and more than 5,800 square feet of living space inside, while sitting on a lot of a quarter acre. It comes with...