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Monthly Archives: October 2021

    Does Your House Have What Buyers Want?

    By Stephen Kimball | October 29, 2021

    The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today’s buyers are looking for homes with more space to support their work needs. As a seller, if you no longer need the extra room you have in your home, rest assured... Read More

    Sellers: Your House Could Be an Oasis for Buyers Seeking More Options

    By Stephen Kimball | October 22, 2021

    Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category.... Read More

    The Big Question: Should You Renovate or Move?

    By Stephen Kimball | October 15, 2021

    The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space 69% of respondents want a home office (48% wanted multiple offices) 46% of respondents want... Read More

    The Main Key To Understanding the Rise in Mortgage Rates

    By Admin | October 9, 2021

    Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac, explains:... Read More

    October 2021 Market Comparison

    By Stephen Kimball | October 8, 2021

    The start of 2021 brought one of the largest increases in home values in years! Last year realtors – our team included – were amazed as housing prices quickly rose fueled by reduced inventory and increased buyer interest. we could not believe it when Utah ‘s median days on market dropped to 12 then 7... Read More