Salt Lake City ranked in top 10 cities t...

Here’s some good news for the Salt Lake real estate market as reported by KSL.com SALT LAKE CITY — Utah’s capitol city was ranked among the top 10 U.S. cities in which to buy a home in the current housing market. The list, compiled by The National Association of Realtors was made using data from the February housing and jobs data, the U.S. home price index from Fiserv Case-Shiller...

Current Market Conditions

Based on recent information, the average U.S. residential home prices have increased approximately 8.1 percent over the past 12 months. Driven by a combination of persistently low mortgage rates, moderately improved unemployment rates, and a reported scarcity of supply, the increased demand for the average residential home is pushing prices upward. Additionally, family formation rates...

Housing prices improve in third quarter ...

While storms are literally raging in the eastern coast of our great country, housing prices saw a gain during the third quarter in the Wasatch Front area of Utah. During July-September, the median single family house price in Salt Lake County was $218,000 (an increase of 11%). “Salt Lake City ranks among the top 25 major U.S. cities showing the biggest home-price increases,”...

Benefits of a Realtor When Selling

Homes Sold Through a Realtor are Sold For More In a recent study, homes sold through a Realtor sale for 15% more. So if you are looking to save yourself 6%, consider that you are actually on average netting 9% less than if you were to go through a Realtor. Home prices are always slightly higher when going through a Realtor for a few reasons – 1) They get paid more if they home...

Realtor Benefits When Purchasing a Home

Here some of the benefits that your Realtor may offer you when searching for a home. Realtors Understand The Area Whether you are moving close to work, need a good school for your children, or want to be close to the local gym, or all apply to you, a Realtor can help you out. Realtors are a local encyclopedia of knowledge about the area, take advantage of the resources that are their...

Significant Increase in Utah Home Prices

Several states show large improvements with housing costs, and among the leaders of the pack is Utah. Of course, the largest leader was Arizona, showing an 18% increase in home prices compared to this time last year. That is to be expected, as housing had fallen so sharply there that a quick rise was inevitable. But in Utah, where the housing market suffered a smaller loss, large...