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Monthly Archives: June 2021

    Pre-Approval Makes All the Difference

    By Stephen Kimball | June 27, 2021

    You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a... Read More

    Homeowner Wealth Increases Through Growing Equity This Year

    By Stephen Kimball | June 23, 2021

    Building financial wealth and stability remains one of the top reasons Americans choose to own a home, and as a homeowner, your wealth often grows without you even realizing it. In a recent paper published by the Urban Institute, Home Ownership is Affordable Housing, author Mike Loftin illustrates how homeowners increase their equity and their wealth simply by making... Read More

    5 Things Homebuyers Need To Know When Making an Offer

    By Stephen Kimball | June 21, 2021

    When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when you’re... Read More

    Why Waiting to Buy a Home Could Cost You a Small Fortune

    By Stephen Kimball | June 18, 2021

    Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs. To... Read More

    Hope Is on the Horizon for Today’s Housing Shortage

    By Stephen Kimball | June 16, 2021

    The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below... Read More

    The Right Expert Will Guide You Through This Unprecedented Market

    By Stephen Kimball | June 15, 2021

    In a normal market, it’s good to have an experienced guide coaching you through the process of buying or selling a home. That person can advise you on important things like pricing your home correctly or the first steps to take when you’re ready to buy. However, the market we’re in today is far from normal. As a result,... Read More

    How Misunderstandings about Affordability Could Cost You

    By Stephen Kimball | June 15, 2021

    There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly affordable to buy a home right now. When addressing... Read More

    Why This Is Not Like 2008 Again

    By Stephen Kimball | June 10, 2021

    During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small... Read More

    Home Price Appreciation Is as Simple as Supply and Demand

    By Stephen Kimball | June 10, 2021

    Utah home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand... Read More

    6 Reasons to Celebrate National Homeownership Month

    By Stephen Kimball | June 7, 2021

    Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8... Read More