Welcome to the AllUtahHomes.com Blog

2012-06-05 15:58:26
Looking for a Utah Home? Prices on the Rise
Professional Real Estate Broker Joel Carson
Joel Carson 

Home contractThe number of pending home sales throughout the nation is up, the National Association of Realtors announced in a May 30 news release. If you’re looking for a Salt Lake City home to buy, now is a great time. As demand rises, so will prices.

America’s pending home sales did take a shallow dip in April, but that was after three consecutive months of gain. I’ll remain cautiously optimistic. Just keep the good news coming my way.

The Pending Home Sales Index looks forward at indicators based on contract signings. Pending home sales rated 101.1 in March this year and then fell slightly to 95.5 in April. Despite the dip, the index is 14.4 percent higher than it was in April 2011 (then it was 83.5). This data represents homes under contract, but not home closings.

“Home contract activity has been above year-ago levels now for 12 consecutive months. The housing recovery momentum continues,” Lawrence Yun, NAR chief economist said. Yun is optimistic this year will represent the best housing market performance since 2007.

“All of the major housing market indicators are expected to trend gradually up, but a new federal budget must be passed before the end of the year for the economy to continue to move forward,” Yun added in the report.

Here in the West the index is 5.1 percent above that of a year ago. The average median price of homes will gradually rise as the news gets better. That’s great news for the Utah housing market, but it is an indication to those on the fence about buying a home that prices will rise in the not-so-distant future.

Browse our online Salt Lake City home and Utah home listings online anytime. When you find something you like, give me a call at 801-673-3333. I can’t wait to help you with your next Utah home transaction.

Blog Archive
2018-12-27 15:44:45
Long-Term Mortgage Rates Reduced

2018-08-07 21:24:05
Do I Need Professional Photos to Sell My Historic Home?

2018-08-07 21:20:16
How Can I Emphasize the Architecture in My Home?

2018-05-25 21:13:45
Are There Assistance Programs to Help My Historic Home Buyer?

2018-05-25 18:39:36
Questions Your Historic Home Buyer Could Ask

2018-05-01 19:27:43
Should I Remodel My Historic Home before I Sell It?

2018-04-25 15:48:58
Why Would Anyone Buy an Old Home?

2018-04-13 20:38:48
How Can I help Market My Historic Home?

2018-04-10 17:38:40
Is my home historic? Or, is it just plain old?

2018-03-27 15:27:36
Who Buys Historic Utah Homes?

2018-02-15 20:58:28
2018 Tech Commercialization Grant Recipients Named

2018-01-26 16:17:52
Healthy, Steady and Growing

2018-01-23 16:23:06
Silicon Slopes: IT Pathways Program Powers Up

2018-01-12 17:28:42
Your Employer Can Now Contribute to Your Down Payment

2018-01-09 19:25:47
Utah 2016 & 2017 Sales Comparison

2017-12-12 11:42:09
Utah's Silicon Housing Market Holds Steady

2017-12-07 18:30:25
Mind-Blowing Utah Housing Market Mellows

2017-08-17 16:56:53
Steady Market Growth in Park City

2017-07-27 18:43:53
Tooele Open House, July 29

2017-07-26 18:17:39
New Residential Construction Activity

2017-07-19 14:52:13
All Utah Homes Receives 2017 Best of Salt Lake City Award

2017-07-11 14:59:28
A Stream Winds through the Back Yard

2017-07-07 15:02:17
HUD Awards $50 Million in Housing Counseling Grants

2017-07-03 16:48:07
Market Watch

2017-06-21 17:17:20
Today's Housing Market

Click here to see ALL articles.

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.