If you watch the news lately, or worse, social media, it would be easy to think that the home process is so simple that you don’t need to hire a pro. Or my favorite, “there’s a YouTube video…” For some folks, they can navigate this process without help. But for the 99% of you that […]
Waiting to save money may be costing you money!
We hear it every day, “I’m waiting for rates to come down before I buy, it’ll be cheaper”. Maybe it will, but maybe it won’t! Why? A couple things come to mind. Let’s tackle the obvious one here. While interest rates have been coming down, if you’re waiting for the days of 4% rates, I […]
Sore from sitting on the fence? Time to jump in!
Jumping into the home buying game has been tough the last couple of years. If it’s not price, it’s rates…or it’s inventory. While it’s my belief that the days of the 3% mortgage are behind us (which is a good thing in the big picture in my opinion) we are starting to see rates back […]
Do falling interest rates translate into lower home prices?
What does a Fed rate cut actually mean?
I hear it every day…”I’m not buying until the Fed cuts the mortgage rates…”. Well, the Fed rate doesn’t actually set mortgage rates, but it DOES have an effect on them In addition, economic trends like inflation , political unrest & elections etc can mess with them too. Here’s how our friends at KCM explain […]
Don’t believe everything you hear…
There are many great things about living in Tooele. For one thing, it’s easy to find people you know. Walk into any grocery store…or Walmart! You’ll run into lots of folks. They ask about your family, your car, the latest football score…and the real estate market! I can’t tell you how many times I’ve heard […]
Everyone talks about “The Fed” dropping rates…What’s it mean?
We’ve been cussing the Fed for several years now, mostly because they took such an aggressive approach to interest rates in order to slow inflation. While I agree with the need, I’ve hated the method! A more graduated approach might have left the housing market much more healthy and allowed us to fix some of […]
The right agent is more important than ever!
There have been big changes in the real estate industry that took effect in the last couple of days. Actually, they aren’t as big as you may be hearing in the media, social or traditional. Within the industry itself, there is borderline panic! I wasn’t sure why at first, but I may have a better […]
Pricing is more vital than ever!
We’ve been dealing with this forever, but never more than recently. Many sellers are sure they know what their home is worth, based on really poor information. Utah is a “non-disclosure” state, buy custom, not by statute, although that may change. That means the only place you can really get comparable for your home is […]
Does an election make a difference?
There’s a school of thought that says that a Presidential election has an effect of the housing market, specifically interest rates. One reason might be that with housing being such an economic driver in our country, in behooves the incumbent to have a great economy to help them get reelected. Or, in the words of […]