Real Estate Blog

Typically, between 50-70 athletes who live or train in Utah qualify for the Winter Olympics. Since the 2002 Salt Lake City Olympics, Utah has been a dominant force in winter sports and recreation. In total, 16 athletes whose home state is in Utah are competing in this year's Winter Olympics, another 34 with Utah ties are joining them.

ANOTHER BIG SHOWING FOR UTAH

By Monday, January 24, the U.S. Olympic roster was finalized. Park City-based U.S. Ski & Snowboard late nominations for their Olympic Freestyle and Alpine teams included Cole McDonald and Nick Page, both of Park City. McDonald is the youngest American man ever named to an Olympic moguls team. Isabella “Bella” Wright of Salt Lake City was also nominated for a spot on the women’s alpine

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Buyers Want To Know: Why Is Housing Supply Still So Low? | MyKCM

 

One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real estate is ultra-competitive for buyers right now. The number of buyers searching for a home greatly outweighs how many homes are available for sale.

While low inventory in the housing market isn’t new, it’s a challenge that continues to grow over time. Here’s a look at two reasons why today’s housing supply is low and what that means for you.

1. New Home Construction Fell Behind for Several Years

The graph below shows new home construction for single-family homes over the past five decades, including the long-term average for housing units completed. Builders exceeded

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PARK CITY, UTAH – Locally owned and operated since 1976 as Berkshire Hathaway HomeServices Utah Properties and its predecessor companies, Utah Properties has been a leading force in the development of Park City’s real estate market with $5.13 billion in sales in 2021. Promontory is an award-winning 7,200-acre recreational second home and private mountain community in Park City, Utah. Promontory’s expansive mountain setting offers diverse year-round amenities and activities for the multi-generational family. Beginning this year, Promontory Real Estate will be backed by Berkshire Hathaway HomeServices as the office’s listing broker.

Steve Roney, Owner & CEO of Berkshire Hathaway HomeServices Utah Properties, provided some perspective on the

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Moab, Utah (January 6, 2022)—Berkshire Hathaway HomeServices Utah Properties announces Nikole Andersen as the the Branch Broker of their Moab office.

“It is my pleasure to announce that Nikole Andersen is now the Branch Broker of our Moab office. Nikole has an impressive management reputation and sales background in Utah and will contribute significantly to the continued success and growth of our firm,” commented Steve Roney, CEO and Owner of Berkshire Hathaway HomeServices Utah Properties.


About Nikole Andersen
Originally from Utah, Nikole has been a licensed REALTOR® in the state for over 20 years. She’s known for building and maintaining long lasting relationships with her clients. Nikole has sold properties from Weber County to Washington

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5 Tips for Making Your Best Offer on a Home

5 Tips for Making Your Best Offer on a Home | MyKCM

As a buyer in a sellers’ market, sometimes it can feel like you’re stuck between a rock and a hard place. When you’re ready to make an offer on a home, remember these five easy tips to help you rise above the competition.

1. Know Your Budget

Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it:

“This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.”

Showing sellers you’re serious can give you a competitive edge, and it helps you act quickly when

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How Much Do You Need for Your Down Payment?

How Much Do You Need for Your Down Payment? | MyKCM

As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment?

If you think you have to put 20% down, you may have set your goal based on a common misconception. Freddie Mac says:

“The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.”

Unless specified by your loan type or lender, it’s typically not required to put 20% down. According to the Profile of Home Buyers and Sellers from the National Association of Realtors (NAR), the median down payment hasn’t been over 20% since 2005. It may

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Why It Just Became Much Easier To Buy a Home

Why It Just Became Much Easier To Buy a Home | MyKCM

Since the pandemic began, Americans have reevaluated the meaning of the word home. That’s led some renters to realize the many benefits of homeownership, including the feelings of security and stability and the financial benefits that come with rising home equity. At the same time, many current homeowners have decided their house no longer meets their needs, so they moved into homes with more space inside and out, including a home office for remote work.

However, not every purchaser has been able to fulfill their desire for a new home. Here are two obstacles some homebuyers are facing:

  • The ability to save for a down payment
  • The ability to qualify for a mortgage at the current lending
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By now you've probably heard that Salt Lake City has topped yet another list, this time as the #1 housing market projected for growth in 2022 by Realtor.com. As we've seen in the past, this projection will likely unfold in a similar manner in many of the other markets throughout Utah, including St. George. So what does this mean? What should we expect?

PROJECTIONS

The Salt Lake City metro area is forecasted to see a 15.2% year-over-year sales growth. This comes after an already record-breaking performance during the pandemic (March 2020 – present).
 
Mortgage rates are expected to rise to 3.6% by the end of the year. This means it's in your best interest to buy or refinance sooner rather than later if you're banking on low rates to help you save.
 

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Cooler temperatures means a cooler housing market right? Sort of, but not quite. According to new data, home sales have slowed down ever so slightly. Multiple-offer situations aren't as frequent and we are finally starting to see housing supply tick upward. Inventory is on the rise but compared to previous years, the overall supply is still very low. So what does this mean? Here are our key takeaways:

  • 2021 is still on pace to be the second best year for home sales in state history.
  • Home prices are still high, but with less competition, buyers will have more room for opportunity and negotiation. 
  • Because the market is still competitive, sellers can still anticipate getting top dollar for their homes.

If you have any questions about

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Tickets and passes will be available for purchase January 7

The 2021 Sundance Film Festival, taking place January 28 to February 3, 2021, is expanding to screens everywhere—catch a movie right from your computer screen or visit an in-person showing at their newly coined 'satelite screenings', taking place at multiple venues across the country.

Online Experience

This year there will be 72 feature films and numerous shorts all available to you with a ticket or pass at scheduled virtual showings. In a normal year, an attendee might be able to squeeze in two movies on day one if they're feeling ambitious, but in this new format you could see up to three. See the full Sundance Film Festival program here. 

The New Frontier

In addition to the

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