Homes are selling a little bit faster than January with the average Days on the Market down to 38. Believe it or not, this is still a "fast" pace for sales. You just can't compare it to that time period when many homes were selling in 1 or 2 days. That was a VERY unbalanced market.
Sold listings were also up, with 184 more sales in February than January. We attribute some of that to the lower … (3 comments)
utah: Utah Real Estate Market Update - January 2024
- 01/23/24 03:03 PM
A LOT has changed in the last 30 days! Let’s look at what’s going on in the Utah Real Estate Market and where things are heading regarding inventory, home prices, interest rates and affordability. If you have any questions, just message us or visit http://www.hmbyr.com to learn more. If you are thinking about buying a home in the Salt Lake City metro area, call Homebuyer Representation today at 801-999-8889 for the highest level of representation. Homebuyer Representation, Inc. is a licensed Utah Real Estate Brokerage and an Exclusive Buyer Brokerage. We don't list homes or represent sellers! Homebuyer Representation - The Real Estate Brokerage on … (2 comments)
utah: Utah Named "Nation's Happiest State"
- 09/14/23 01:11 PM
Utah is the happiest state in the U.S. according to a yearly study by WalletHub. This is based on 30 different factors like job security, weather, and mental health. Utah ranks high in sports participation, has the lowest divorce rate, is very safe, and people here work fewer hours. Utahns are also the most generous with their time, volunteering the most in the nation. This isn't the first time Utah has been the happiest state, having claimed the title in 2021 as well. Hawaii, Maryland, Minnesota, and New Jersey round out the top five happiest states, while West Virginia is the least … (1 comments)
utah: Interest Rates in Utah are around 7%. Should I buy a home now or wait?
- 07/17/23 03:55 PM
I'm not usually one to suggest that "now is the perfect time to buy" a home. In fact, the perfect time to buy a home is almost always "years, if not decades ago". That's because in spite of crashes and corrections, we are likely never going back to the $80,000 homes of the 1990s or the $3,000 homes of the 1940s. There is no doubt that real estate is a proven LONG-TERM investment. Housing is not getting less expensive Prices do occasionally go down, but not generally over the long term. Ask yourself how long will you need housing? Here is a list of … (1 comments)
utah: Lehi: Utah's Fastest Growing City Last Year
- 06/05/23 11:29 AM
The U.S. Census Bureau cites Lehi, UT as the 14th fastest-growing large city (50,000 residents or more) in the nation. Next door neighbors Saratoga Springs and Eagle Mountain added a combined 9726 new residents since the previous year. (Almost 10,000 residents!) If you or someone you know is moving to the "Silicone Slopes" area, get an Exclusive Buyers Agent to help. Exclusive Buyers Agents do not list homes and will not ask you to limit your level of representation. They will be 100% on your side during the transaction, representing YOU, negotiating on YOUR behalf and protecting YOUR interests. Do you have excellent credit? Do you plan … (0 comments)
utah: Utah is Ranked the #1 Best State In America
- 05/15/23 06:13 PM
Utah has claimed the prestigious No. 1 spot in U.S. News & World Report's Best States rankings. It edges out Washington state which had held the title for the previous two consecutive years. The newly released analysis highlights Utah's outstanding performance across over 70 metrics spanning eight categories, including the economy, healthcare, education, and the natural environment. Utah's rise to the top can be attributed to its #1 rankings in the economy and fiscal stability categories. Utah's consistent rankings within the top 15 in six of the eight measured categories propelled it to the forefront, showcasing its strength as a great state … (3 comments)
utah: 3 Reasons to Use an Exclusive Buyers Agent (EBA) when Buying a Home
- 07/26/19 01:01 PM
Here are 3 reasons you should hire an Exclusive Buyer's Agent when you buy a home: 1. You Become A Client, Not A Customer If you buy a home without hiring an Exclusive Buyers Agent to represent your best interests, you will either become a customer of the Seller and their agent, or, in some states you could end up working with a dual agent. According to NAR (the National Association of Realtors), "As a customer, a buyer is not represented by an agent... the agent cannot negotiate on the buyer's behalf nor reveal to the buyer any confidences of the client, the … (0 comments)
utah: Agent's "Impressive Ninja Negotiation Skills" Save Home Buyer $25,000
- 11/24/13 09:53 PM
It is with complete enthusiasm that my wife and I recommend Benjamin Clark and Homebuyer Representation, Inc. for anyone's home buying effort! With an impending retirement from the US Air Force, but not before one final deployment, Ellen and I had a small window of opportunity to buy a home in Salt Lake. Currently residing in Ohio, we knew the search would be complicated by our distance, and the limited amount of time available "on the ground" to look at all reasonable properties and ultimately close. We needed an ally. Scouring the internet, I learned about "Exclusive Buyer's Agents" and read … (3 comments)
utah: Exclusive Buyer Agency In the News
- 09/04/13 08:02 AM
I came across an old article in Kiplinger's Personal Finance touting the benefits of hiring an Exclusive Buyer's Agent (E.B.A. for short). The point of the article (and it's title) was: Hire your own AGENT Buyers and sellers, have different interests in a real estate transaction. Sure, one wants to sell and the other buy, but both want to get the best deal. Independent representation makes sense. Two competing sports teams both want to play the game, but both want to win. They both have independent coaches to help them achieve their goals. So it should be with real estate. Exclusive Buyers Agents work only for … (1 comments)
utah: Salt Lake City, Utah makes top 10 list for best places to buy investment property
- 04/23/12 10:57 AM
Salt Lake City, Utah pops up at #6 on Marketwatch's Top 10 best places to buy investment property in the U.S. They cite low inventory and rising median home prices as reasons, but fail to mention that rents on single family homes are pretty high compared to the cost of homes right now. My presumption is that families who have lost their homes to short sale or foreclosure aren't too excited about renting a 2 bedroom apartment, so they are looking for single family homes to rent. I've been thinking about keeping my home as a rental for a few years … (4 comments)
utah: Is Buying a Home in 2012 within Your Means?
- 01/19/12 08:29 AM
Homebuyer Representation, Inc. offers a free consultation to home buyers. What does it mean to consult an Exclusive Buyer's Agent? A consultation is a one-time meeting to get any of your real estate questions answered and to find out what it would take to buy a home. The meeting can be in person or over the phone. It doesn't mean that you have to hire the agent to represent you, or even hire an agent at all. You should come away from the consultation with enough information to answer these questions: Does it make sense to buy vs. rent? Is what … (1 comments)
utah: 2012 Salt Lake Housing Forecast Report
- 01/18/12 07:34 AM
I attended the 2012 Salt Lake Housing Forecast Meeting this morning. The two presenters this year were Eric Belsky, Managing Director of the Joint Center for Housing Studies at Harvard University and James Wood, director of the University of Utah’s Bureau of Economic and Business Research. While Mr. Wood's remarks were pointedly local, Mr. Belsky's report covered the state of the housing market nationally, with concluding remarks to show where Utah stacks up among the states. The expectations? Cautiously and realistically optimistic. Realistically meaning that while there were no bold statements of certain recovery, the outlook is that things are … (0 comments)
utah: 2012 Salt Lake Housing Forecast
- 01/06/12 07:18 AM
I'm looking forward to the 2012 Salt Lake Housing Forecast Breakfast on Wednesday, January 18th. Eric Belsky, Director of the Joint Center for Housing Studies at Harvard University will present on the key factors crucial to supporting a housing and economic recovery in Utah and the nation. James Wood, Director of the University of Utah's Bureau of Economic and Business Research will also be presenting the 2012 Salt Lake housing forecast. In addition to being informative, these forecast meetings are really fun to go to. Given that the presentation is given to 500 Realtors, you know the "spin" on the data … (0 comments)
utah: Townhome Buyer Avoids Poor Purchase with Agent on Her Side
- 11/10/11 07:22 AM
My Exclusive Buyer's Agent took me on as a client when he was busy with other personal things and yet he was one of the most professional people I have ever worked with. He went the extra mile to help me find what I was looking for every time. He never pushed me into anything that I was not sure of. Even when I had made an offer on a place and had it accepted he checked further into one troubling aspect and gave me the information and let me make the decision which was to withdraw the offer. … (1 comments)
utah: First Time Buyers - Should You Buy a Home in 2012?
- 11/09/11 06:32 AM
Low interest rates and still falling home prices make it tempting to buy a house now, but before purchasing, wise buyers are looking at their big picture.Most of those who will buy homes in 2012 will buy because it makes sense for them to do so. Security (at their current employer and in their current field) has a strong impact on the decision to purchase or not, even more than low interest rates.Interest Rates and Mortgage Insurance Low interest rates sound good, and are good, but what isn't talked about much is that the cost of mortgage insurance has almost doubled … (0 comments)
utah: The Highest Level of Representation for Buyers
- 11/03/11 09:40 AM
My last blog entry was a testimonial from me about my new dentist. What does that have to do with buying a home? Lots. Everybody should know about biomimetic dentistry and doctors like Dr. Noot. I really connected with him and his practice because: 1. He really cares about what is best for his patients. 2. He takes the time to educate his patients about what is going on. 3. He lets the patient make the important decisions regarding their care. 4. He has gone the extra mile in his personal training and education in order to provide his patients with … (0 comments)
utah: Utah Housing and Mortgage Trends Compared to Other States
- 10/26/11 07:26 AM
U.S. Housing and Mortgage Trends (Source: October 2011 report by CoreLogic) The homeownership rate is down... almost 10% compared to the homeownership rate in 1980. The median household income is down... (lowest level since 1996) Both renters and owners are spending a greater percentage of their income on housing costs (over 1/3 of their income for both groups. Renters are generally paying 5.2% more of their household income toward housing expenditures than homeowners. 66% of foreclosed properties became REO, i.e. Real Estate Owned ("bank owned") More investors are skipping the foreclosure auction in favor of buying the REO homes directly from the bank. Sales … (0 comments)
utah: Military Buyer Chooses an Exclusive Buyer Agent (EBA) with Great Results!
- 10/03/11 01:28 PM
I’ve done extensive research in home buying over the past few years. I knew the only way to go was an EBA (Exclusive Buyer’s Agent), but I didn't know of any in Utah. Fortunately, a random internet search brought up Benjamin Clark with Homebuyer Representation. I called him, and then met him in person. He was easy to work with and has extensive knowledge of the home buying process. He was always willing to take time to answer my questions and explain anything I didn’t understand. I was purchasing a second home and Ben kept me on the right track … (0 comments)
utah: Salt Lake City "Super" Accredited Buyer Representative
- 09/30/11 08:10 AM
Well, I did it again! I decided to get the ABR designation for the second time. Yes, this means I took the entire curriculum over again, so you could say I'm twice as knowledgeable as those who have only earned the Accredited Buyer Representative designation once! Okay, so maybe I didn't learn twice as much, but taking it from different instructors each time and a few years apart, I do have to say the course was a great reminder of how to property serve the real estate buyer and gave me some ideas on how I can make my buyer representation … (0 comments)
utah: FHA MIP on the Rise - FHA Loans Becoming Less Attractive, Costing More
- 02/16/11 08:05 AM
FHA Annual Mortgage Insurance Premium just went up another .25% On a $300,000 loan, this means the monthly payment just went up $62.50 per month! This goes into effect on loans insured by FHA on or after April 18, 2011. I hope our new construction buyers with FHA loans have homes to close on before then! There is surprisingly little coverage on this. Here is one of the few links I could find other than bloggers: Fox News If you will be buying a home with FHA Financing this spring ANYWAY, you may want to consider beginning your home search a … (3 comments)
Active listings for Salt Lake County single family homes are up 223 since last year, but down 195 compared to last month. Things are still tight.
;)
;)
;)
