Winter Is as Good a Time as Any to Buy or Sell For today’s topic, we’re going to discuss the benefits of buying or selling in the fall or winter. Contrary to what you might think, the passing of the summer season doesn’t necessarily equate to stagnation in the market now. There are great tax […]
Will the Wasatch Front Continue to See Growth in 2015? We have been having a great 2015 so far, and wanted to let you know today what to expect in the coming year, because a lot of our clients have been asking us. First, let’s talk about interest rates. They have been historically low for […]
Today I look at the broader question of “Will Housing Prices Cancel Out Low Mortgage Rates?” I stumbled upon a great Realtor.com article that I’d like to share with you. This article covers the national economy and the real estate economy.
If you’re in the market for a new home, you may have heard whispers of impending doom. With affordability challenges and media hype about an impending recession, it’s no wonder buyers are feeling a bit skittish. But fear not! Despite the doom and gloom predictions, there are many reasons why the housing market is not […]
Why List During the Holidays? Summer is now in the rear-view mirror but despite what some believe, the end of warmer weather does not mean our market has completely cooled off. Selling your home over the holiday season is often a smart move for sellers savvy enough to take advantage. Not only is there less […]
Why Is Homeownership so Affordable in 2015? Today I want to talk to you about the affordability of buying a home in today’s market. As we take a look at the Wasatch Front through the history books, let’s first examine the affordability of a home in 1989. In 1989, the average price of a home […]
Why are We so Excited about Real Estate in 2015? Thanks for joining us once again, as we continue to give you the most up-to-date information about real esate on the Wasatch Front. This time of year, all of our clients have been asking us what to expect in 2015 from a real estate perspective. […]
Where Buyers and Sellers Stand in Our Market What’s been happening the last 60 days across the Wasatch Front market? Single-family homes are entering market much more slowly than buyers would like. Only 1,532 have been listed since January 1st. Compare that to the nearly 25,000 homes that sold in 2016 and you can understand their […]
What’s Happening in the Wasatch Market During COVID-19? Since Governor Herbert declared a State of Emergency for Utah in early March: • 4,195 homes became active. • 5,294 have moved into under contract statuses. • 5,601 have sold. Active listings are down 22.5% year-over-year. • 8,370 beginning January 1st, 2019. • 6,493 beginning January 1st, […]
What’s Happening with Salt Lake County Real Estate? Today, we’ll talk about keeping score. We’re a little over halfway through 2015, and it’s been a record sales year for housing across the Wasatch Front. In Salt Lake County, home sales are up 18% from 2014, and the median sales price for single-family homes has risen […]
What is the Starbucks Effect? I recently came across an interesting article on Zillow that was talking about the strange effect that Starbucks was having on home values across the country. The article basically stated that if you lived within a quarter mile of Starbucks that your home value would’ve appreciated by 96% from 1997 […]
The real estate market is on a much stronger footing which will serve it well in any future recessions.
What Can You Expect in the Coming Months on the Wasatch Front? With summer coming to an end, many buyers who wanted to find a home before school starts have left the market. Because of this, sellers have a tendency to leave the market as well – they feel it’s better to wait until the […]
What Are the Biggest Issues Facing Buyers Today? Purchasing a home for the first time is no easy task. Today, I’d like to share a list of the six biggest obstacles facing first-time homebuyers: 1. Down payment. Unless you’ve won the lottery or are independently wealthy, you’re probably going to need a mortgage. If you happen […]
The Waiting Game: An $80,000 Mistake We saw housing prices gain north of 12% along the Wasatch Front and the state of Utah in 2020. That’s remarkable given the circumstances. We know that Utah currently has the lowest unemployment rate in the country. We’re #2 in terms of in-migration, or families relocating to work in […]
The Tale of 2 Markets A couple of weeks ago, I did a market update for our local radio station KNRS. As I was preparing the data for the show, I realized that we had a tale of two markets on our hands. You see, if we look at the availability of all the housing […]
First and foremost we are taking the COVID-19 pandemic very seriously. We are seeing a lot of communities come together and help for those unable to do so for themselves. We love to thank each of you for pitching in. However, if you are one who is in the high risk category, you are in […]
The National Association of Realtors has released their annual report of Home Buyers and Home Sellers. This is our second segment, if you missed the Home Buyer report, please visit www.SternTeam.org, there’s a lot of valuable insight. Today we’re going to cover the NAR’s 2019 profile of home sellers. • Remember that the typical home buyer […]
The Latest Real Estate Numbers Along the Wasatch Front We’re back with another update on the Wasatch Front real estate market. In the third quarter of 2019, we saw a significant jump in sales. Year to date, we’re up 2.1% with over 37,700 homes sold so far in 2019. The average price for all home types […]
The Latest Q2 Stats From the Wasatch Front What do 2019’s second-quarter statistics say about the Wasatch Front market? Home sales are up 4% compared to last year, with over 13,000 single-family homes, townhomes, and condos being sold. Year to date, sales are down 2.5% with nearly 24,000 total homes being sold. The good news […]
The Latest Developments From Our Wasatch Front Market What do our first quarter statistics tell us about our Wasatch Front market? And how do these numbers stack up against last year’s Q1? We’ll answer both of those questions in today’s market update. Let’s jump right in: By the end of 2019’s first quarter, our market […]
The National Association of Realtors has released their annual report of Home Buyers and Home Sellers. There’s some interesting information here that we felt was pertinent and worthy of sharing. We’ll cover this in two parts. First will be the Home Buyers. • So The first thing I noticed here was that 78% of non-home owners […]
Stand Out in the Salt Lake City Real Estate Market With This Tool Today, Mandi Henriod from Veritas Funding is here to explain a great new tool for homebuyers. As you know, the Salt Lake City real estate market and the Wasatch Front market both favor sellers. Properties are going on the market and getting […]
Should I Buy a Starter Home in Today’s Market? A question about the viability of purchasing a starter home in today’s market was recently posed to us, and it boils down to this: Should you invest now in a starter home or would it be more prudent to wait and save for your forever home? Let’s […]
Salt Lake County Summer Real Estate Update – Why the Next 60 Days are Critical In our latest video, we’re sharing some recent developments in the Wasatch Front housing market, and what they mean for you. Our local market is on par with the nation as a whole, with pending home sales rising only one […]
Salt Lake County Real Estate Market Update Here is a brief update on the Salt Lake County real estate market: In the past year, the median sale price for homes is up to $227,000 from $213,000 at this time last year, an increase of over $14,000. The average final sale price of homes is up […]
Today we’re talking about homeowners who are underwater- they owe more on their home than it’s worth. Zillow recently released a report on the low levels of homes on the market. One of the reasons we have such low inventory is homeowners who feel they are underwater are not putting their homes on the market. […]
Meet the team and listen to how amazing the 2020 real estate market really was! Hi guys! Well, what a whirlwind the 2020 real estate market was!! Here’s a video that our team put together to talk about the market broken down by each country! The bottom line was 2020 was an excellent year for […]
Friends and Clients— U.S. home prices are swelling, and anxious buyers and sellers are worried about a real estate market crash. However, today’s market bears little resemblance to the one that fueled 2008’s crisis. Market watchers are wary because the median sale price in the U.S. in February was $313,000, an increase of almost 16% […]
We look back on the numbers from 2021 and look forward to 2022.
Low supply and rock bottom mortgage rates are keeping the housing market highly competitive even during the ongoing pandemic.
Our housing market is currently healthier than the majority of our nation.
We hope you and your loved ones continue to stay safe and healthy. COVID-19 continues to be the topic of conversation and the dominating force in our lives. With all the volatility in the stock market and uncertainty about the length of time this may last, a lot of folks are rightfully concerned about another […]
How Will the Fed’s New Interest Rate Affect Home Mortgage Rates? What does the Federal Reserve cutting its target interest rate to near zero percent mean for mortgages? This is the second emergency rate cut in two weeks and brings the federal funds rate to between 0% and 0.25%. It’s designed to stimulate the economy […]
How to Sell for Top Dollar on the Wasatch Front There are 4 common strategies that most sellers use to price their homes. It is unwise to assume that a higher asking price will net you a higher selling price. In fact, this equation works in reverse if you’re not paying attention to what the […]
How is COVID-19 Affecting the Mortgage Market? Today we want to talk about the mortgage market and how COVID is changing the mortgage landscape. JPMorgan Chase just announced that it has stopped accepted HELOC applications as of April 14th, 2020. Of course, they’re calling this a temporary pause. In addition to that, JPMorgan Chase is requiring 20% […]
