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        <title>Real Estate Blog</title>
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    <guid>https://www.bhhsutah.com/blog/the-false-housing-crisis-and-big-lies-in-the-media-park-city-real-estate-park-city-housing-market.html</guid>
    <link>https://www.bhhsutah.com/blog/the-false-housing-crisis-and-big-lies-in-the-media-park-city-real-estate-park-city-housing-market.html</link>
        <title>The FALSE Housing Crisis and Big LIES in the Media Park City Real Estate | Park City Housing Market</title>
    <description> <![CDATA[ 








Where are mortgage rates really headed ? What happens if Ukraine becomes a global crisis? How do you combat inflation? STOP listening to the Media and start making educated and DATA driven decisions that are best for you your family and season of life. Are you sick of your offer losing out to the highest and best all cash offer? Are you afraid to buy a home because you feel like your buying a home at the top of a housing bubble? Are you landlocked in your equity meaning you can't buy a new home without selling your old home first? Are you convinced the Market can't go on like this and is going to tank? In this video I bring on an expert guest Jason Drobeck with Neo Home Loans to answer all your burning questions about Utah's Housing Market and the Park City Housing Market. Plus he shares an amazing product that can help you win the bid and be competitive in an all CASH MARKET. Buy your home in all Cash finance it later and live stress free by not having to make a contingent offer or move into a rental. Make sure you watch to the end of this video to learn how. If you love charts graphs and data you will love this video but mostly it's the wisdom behind the data and facts to help you make more informed and educated decisions


 


 
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    <pubDate>Mon, 14 Mar 2022 08:40:00 -0600</pubDate>
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    <guid>https://www.bhhsutah.com/blog/utah-housing-market-predictions-2022-where-are-park-city-home-prices-headed-should-you-buy-now-or-wa.html</guid>
    <link>https://www.bhhsutah.com/blog/utah-housing-market-predictions-2022-where-are-park-city-home-prices-headed-should-you-buy-now-or-wa.html</link>
        <title>Utah Housing Market Predictions 2022? Where are Park City Home Prices Headed?  Should you buy Now or Wait?</title>
    <description> <![CDATA[ 





Should you buy a house now or wait? Are you thinking of moving to Utah in 2022? Are you wondering where prices are headed. Are you nervous you might be priced out for good or are you someone who thinks the housing market will CRASH? In today's Video I am giving you the scoop on the Utah Real Estate Market's Housing Update, as well as where Prices are headed in Park City Utah. What do you need to prepare for if you your a buyer and what do you need to know as a seller?
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    <pubDate>Wed, 02 Mar 2022 07:16:00 -0700</pubDate>
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    <guid>https://www.bhhsutah.com/blog/salt-lake-city-projected-to-have-the-1-housing-market-in-the-us-for-2022.html</guid>
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        <author>joe@bhhsutah.com (Berkshire Hathaway HomeServices Utah Properties)</author>
        <title>Salt Lake City Projected to Have the 1 Housing Market in the US for 2022</title>
    <description> <![CDATA[ 



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. Housing supply is expected to recover from COVID lows. Homebuyers should expect competition, but there is room for hope: the for-sale housing supply is expected to rebound from pandemic lows as more sellers plan to enter the market.  Sellers will face more competition. Homeowners who are ready to sell in 2022 are in a good position. However, as for-sale inventory begins to return, sellers will face more competition. 


 


HOW TO PREPARE


Consider your budget carefully and get pre-approved. To navigate these challenges, buyers will want to carefully consider their budget before embarking on their home search. Getting pre-approved can also help you act quickly when an exciting opportunity presents itself. Well-priced homes in good condition will see the most action. Sellers should strategically consider how to price and showcase their home. A professional REALTOR® can help guide you through this process. Hire a professional. A professional REALTOR® can help you navigate this unprecedented real estate market with confidence and purpose. If you or someone you know is considering buying, selling, relocating or investing– we can help 
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    <pubDate>Thu, 30 Dec 2021 10:59:00 -0700</pubDate>
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    <guid>https://www.bhhsutah.com/blog/is-there-a-real-estate-bubble-and-other-questions-to-consider-when-buying-or-selling-in-2021.html</guid>
    <link>https://www.bhhsutah.com/blog/is-there-a-real-estate-bubble-and-other-questions-to-consider-when-buying-or-selling-in-2021.html</link>
        <title>‘Is There a Real Estate Bubble?’ and Other Questions to Consider When Buying or Selling in 2021</title>
    <description> <![CDATA[ 










 





‘Is There a Real Estate Bubble?’ and Other Questions to Consider When Buying or Selling in 2021






















 


Of all the real estate terms referenced in the media, “bubble” might be the most overused. Over the past few months, the word has seen a resurgence, with prospective buyers and sellers worrying that the white-hot markets of 2020 will lead to a proverbial burst in 2021.


Real estate experts in the U.S. and abroad, however, are cautiously optimistic, and they don’t believe the activity of this past year has inflated a “bubble” to be concerned over.


“A real estate ‘bubble’ is characterized and fueled by speculation, and that is not what we are experiencing now,” says Scott Bradley, President, Berkshire Hathaway HomeServices Hawai’i Realty. “The unprecedented market strength we are seeing today is driven by simple economic fundamentals: supply, demand, and the cost and availability of money. Current historically low interest rates are a prime catalyst driving sales. An imbalance of supply and demand is further fueling a hot market. There are 50 fewer homes on the market right now than there were a year ago, but demand for homes is strong.”


That demand means even tougher competition for the buyer pool, but with more and more projected sellers deciding to list this year, emerging inventory could lead to market shifts. “I would encourage everyone to recognize that this might be a very hot year in terms of real estate,” says Chris Stuart, CEO of Berkshire Hathaway HomeServices. “But I’d hate for anyone to be on the sidelines and miss out on an opportunity either on the buying or selling side of the transaction.”


To better understand those opportunities across the globe, we spoke with real estate insiders about their forecasts for the upcoming year. Their insights serve as proof points of real estate’s continued resilience and reliability—even during uncertain times.


Q: The headlines last year screamed that people were fleeing cities. Is there any evidence that urban areas are regaining strength now that vaccine rollouts are underway and COVID-19 restrictions are being lifted?


Diane Glass, CEO, Berkshire Hathaway HomeServices Chicago: January 2021 was an exceptionally strong month for property sales in center city Chicago. There was a 15.2 increase in sales compared with January 2020, which had been a very strong month. The median sales price increased 15.9, even as the inventory of homes for sale was below last year. New construction is in demand, but supply is limited by the cost of materials and availability of buildable lots. We are seeing a resurgence of interest across the board in the city—from luxury downtown high-rises to starter condos in residential neighborhoods.


Q: Low interest rates are tempting those looking to purchase investment properties. What factors should they consider to get the best deal and return on investment?


Vince Leisey, CEO and Network Agent, Berkshire Hathaway HomeServices Ambassador Real Estate: I would recommend investors look at houses that have been on the market for a week versus those that have been on the market for a day and have 30-40 offers. Look at something that maybe needs a little work done, which investors are more willing to do. You’ll have less competition from first-time home buyers—who are often searching in the same price range but are less willing to do that sort of renovation work. In Omaha, Nebraska, rents have gone up pretty much every year. The problem is, rents aren’t going up as fast as purchase prices. That being said, in markets like Omaha, because there are low interest rates right now, I still believe there are plenty of houses out there that investors can buy and achieve positive cash flow on.


Q: What about those looking to invest in short-term holiday rentals abroad? Is now a good time to buy?


Dounia Fadi, CEO, Berkshire Hathaway HomeServices Gulf Properties: In Dubai, the trend is purchasing homes for short-term rentals more so than long-term ones, because the returns are much higher. The demand was very low for these types of rentals because of the pandemic, but recently, from November through January, there has been an uptick in demand. Ultimately, there will always be demand for holiday rentals here because you have sun 365 days a year. The one thing investors of this type of property need to remember is just to be patient—there will be demand in the holiday home sector that will increase even more as travel restrictions are lifted. However, buying right now is still a good idea, because prices are at their best. I’m seeing a recovery in prices every month. They are increasing.


Q: What is the biggest concern you have for the market as you look ahead in 2021?


Carsten Heinrich, CEO, Berkshire Hathaway HomeServices Rubina Real Estate: My biggest concern this year is that supply will not be able to keep up with the changes in the market. For example, in Berlin, prior to the pandemic, our most popular listings were micro-apartments in the city center. That changed a lot as people decided they’d like bigger apartments or houses to accommodate our changed lifestyle. Berlin is a city of singles and young couples who are now looking to buy, whereas before they were renting. For those buyers, I would recommend they pay attention to rising interest rates, which will impact their monthly charges. I’d also advise that they really take a look at the purchase and the long term. Is this a place they’ll want to be in a few years, and, if not, does it make financial sense to buy right now?


Free Brochure Click Responding to Today- Real Estate Bubble Report










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    <pubDate>Wed, 07 Apr 2021 10:10:00 -0600</pubDate>
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    <guid>https://www.bhhsutah.com/blog/first-snow-in-utah-and-a-utah-market-update-quickie.html</guid>
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        <title>First Snow in Utah and a Utah Market update Quickie</title>
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    <pubDate>Wed, 28 Oct 2020 12:14:00 -0600</pubDate>
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    <guid>https://www.bhhsutah.com/blog/how-long-will-it-take-for-my-home-to-sell.html</guid>
    <link>https://www.bhhsutah.com/blog/how-long-will-it-take-for-my-home-to-sell.html</link>
        <title>How long will it take for my home to sell?</title>
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    <pubDate>Wed, 28 Oct 2020 12:10:00 -0600</pubDate>
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    <guid>https://www.bhhsutah.com/blog/why-going-to-paul-mitchell-the-school-helped-in-sell-over-1000000-in-real-estate-my-first-year-as-an.html</guid>
    <link>https://www.bhhsutah.com/blog/why-going-to-paul-mitchell-the-school-helped-in-sell-over-1000000-in-real-estate-my-first-year-as-an.html</link>
        <title>Why going to Paul Mitchell the School Helped me sell over $1,000,000 in Real Estate my first year as an agent</title>
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    <pubDate>Wed, 30 Sep 2020 10:49:00 -0600</pubDate>
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