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Housing Will Not Fall Victim to Next Economic Storm

By Tara Paras | July 19, 2018

Housing Will Not Fall Victim to Next Economic Storm | Simplifying The MarketSome experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question is, what impact will a recession have on the housing market? Here are the opinions of several experts on the subject: Ivy Zelman in her […]

Demand for Homes to Buy Continues to Climb

By Tara Paras | July 18, 2018

Demand for Homes to Buy Continues to Climb | Simplifying The MarketAcross the United States, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a highly competitive summer real estate market. According to the National Association of Realtors (NAR), the inventory of homes for […]

4 REAL Reasons Why We Buy A Home!

By Tara Paras | July 17, 2018

4 REAL Reasons Why We Buy A Home! | Simplifying The MarketWe often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones. No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain […]

First-Time Home Buyers Continue to Put Down Less Than 6%!

By Tara Paras | July 16, 2018

First-Time Home Buyers Continue to Put Down Less Than 6%! | Simplifying The MarketAccording to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers […]

Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]

By Tara Paras | July 13, 2018

Some Highlights:

The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging.
62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market.
50% o…

House-Buying Power at Near-Historic Levels

By Tara Paras | July 12, 2018

House-Buying Power at Near-Historic Levels | Simplifying The MarketWe keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying power” is at “near-historic levels.” Their […]

House-Buying Power at Near-Historic Levels

By Tara Paras | July 12, 2018

House-Buying Power at Near-Historic Levels | Simplifying The MarketWe keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying power” is at “near-historic levels.” Their […]

Rising Interest Rates Have Not Dampened Demand

By Tara Paras | July 11, 2018

Rising Interest Rates Have Not Dampened Demand | Simplifying The MarketSince the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), […]

Latest Salt Lake County Real Estate Market Stats

By Tara Paras | July 10, 2018

How Long Do Most Families Live in a House?

By Tara Paras | July 10, 2018

How Long Do Most Families Live in a House? | Simplifying The MarketThe National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last twenty years (1985-2008), the median tenure […]