Most Recent Articles About Real Estate Tools
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More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots
Source: Redfin --- An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates cut into buyers’ budgets and homebuying sentiment drops. Price drops are especially common in mid-sized metros in the West–particularly in Utah–many...
Homebuyers on a $2,500 Monthly Budget Have Lost $118,000 in Spending Power This Year Amid Surge in Mortgage Rates
Source: Redfin --- A homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled. That buyer can afford a $399,750 home at today’s mortgage rate of roughly 6%. That’s a staggering...
Additional Reading: Realtor Tools & Insights
How to Avoid Real Estate Agent Burnout
Source: Constant Contact --- COVID-19-related restrictions left many businesses shuttered in its wake, but, surprisingly, the housing market continued its boom throughout 2020. According to the U.S. Census, real estate sales in 2020 went up by almost 19% compared to...
Canada’s Property Bubble Just Hit The Wall For Price Growth As Key Indicator Flips
Source: Better Dwelling --- Canadian real estate may have just peaked, according to official data this morning. Earlier this month we took a look at Toronto and Vancouver, and why the top for growth is here. Data from the Canadian Real Estate Association (CREA)...
How you can compete with cash offers in Utah’s housing market
Source: KUTV --- If you have been beaten out by a cash offer for a house, Homie may have a solution for you to help you get the home of your dreams. Nationwide, 23% of real estate transactions are cash sales (up from 17% last year). In Utah, the number of cash offers...
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