The numbers are in for the first quarter of 2024, and they look a lot like they did last year at this time, but it’s a year later, so it’s not the same. So let’s get into the 1st quarter 2024 results for residential real estate in Salt Lake County.
The Federal Reserve raised their benchmark interest rate eleven times, from 0.025%-0.05% on March 17, 2022 to 5.25%-5.5% on July 26, 2023, and the rate has remained unchanged since then. Freddie Mac shows that the average 30-year mortgage rate peaked at 7.79% on...
Thursday, October 12, 2023: I've been hearing the term "uncharted territory" for quite a while now, due to the rapid increase of interest rates. The Federal Reserve hasn't increased the Federal Funds Rate this fast since the early 1980's, but the rate is much lower...
Salt Lake City is renowned for its proximity to some of the best ski resorts in the world, making it an ideal base for those who dream of ski-town living. Whether you’re a seasoned skier or a beginner enchanted by the allure of snow-covered mountains, the communities...
It's that time of year again, where I reminisce about the 2024 real estate market. It was an interesting year, and considering how high interest rates have been, the values of homes and condos in our local real estate market have held up pretty well again in 2024,...
As 2025 begins, many of us are setting personal goals for the year ahead. If buying or selling a home is on your list of resolutions, now is the perfect time to get a head start. The real estate market can be competitive, and preparation is key to achieving your...