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Home sales in Utah hit ten-year low in June

Home sales in Utah hit ten-year low in June

by Third Party | Jul 15, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Utah Business —  Sandy—Higher mortgage interest rates are slowing home sales. Home sales of all housing types fell to 1,344 transactions in June in Salt Lake County, the lowest number of home sales in Utah for a June month in a decade and 27 percent...
Expert Housing Market Forecasts for the Second Half of the Year

Expert Housing Market Forecasts for the Second Half of the Year

by Third Party | Jul 14, 2022 | Industry Updates, Real Estate News

Source: Keeping Current Matters —  The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions,...
Home Supply Is Up For The First Time In Nearly 3 Years

Home Supply Is Up For The First Time In Nearly 3 Years

by Third Party | Jul 14, 2022 | Industry Updates, News/Current Events

Source: Redfin —  High mortgage rates are keeping homebuyers on the sidelines, leading to declining home sales and a build-up of supply. The number of homes for sale nationwide in June rose 2%. That’s the first annual increase since July 2019, before the...
Real Estate’s Hottest Markets Reveal a Seismic Shift in Where Homebuyers Want To Live—and a New No. 1

Real Estate’s Hottest Markets Reveal a Seismic Shift in Where Homebuyers Want To Live—and a New No. 1

by Third Party | Jul 14, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Realtor —  The summer temperatures are sizzling, but America’s once-hot Western real estate markets are on ice. While the warmer months generally see a decline in homebuyers making the move to temperate Western regions, a new report...
Five things to know about the next US housing crisis

Five things to know about the next US housing crisis

by Third Party | Jul 14, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Aljazeera —  As real estate in the United States remains strong despite rising interest rates, market analysts interviewed by Al Jazeera predict that the next housing crisis will centre around Americans locked out of homeownership. “That’s our big...
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