Friday, September 16, 2022 / by Justin Critchfield & Michelle Aspseter
What has housing inventory done? Homes went up from 1700 homes for sale to almost 10,000 this year. We were shocked when things took another unexpected turn in September! Watch here to find out more.
Interest rates took and unexpected dip in August AFTER the fed raised rates by .75%. This caused fast inventory levels to stop increasing overnight. More homes went under contract as a result of the low rates. Ever since then, Utah housing inventory leveled off and has stayed consistently around 9,500 active homes. Now in the middle of September of 2022 interest rates have risen to 6%, their highest level in 14 years and inventory has gone up again now reaching 10,000 homes!
IF interest rates stay this high, expect inventory levels to keep raising. But don't panic, we would need to reach 14,000 homes before it becomes a "neutral" buyer and seller market.
Stay tuned to get more updates as the market evolves. ...
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utah inventory levles, utah housing market 2022, housing bubble, utah real estate predictions 2022, justin critchfield, michelle aspseter
Wednesday, May 20, 2020 / by Justin Critchfield & Michelle Aspseter
6 Reasons Why Selling Your House on Your Own Is a Mistake
There are many benefits to working with a real estate professional when selling your house. During challenging times like the one we face today, it becomes even more important to have an expert help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale By Owner or FSBO, please consider the following:
1. Your Safety Is a Priority
During this pandemic, your family’s safety comes first. When you FSBO, it is incredibly difficult to control entry into your home. A real estate professional will have the proper protocols in place to protect not only your belongings, but your family’s health and well-being too. From regulating the number of people in your home at one time to ensuring proper sanitization during and after a showing, and even facilitating virtual tours for buyers, agents are equipped to follow the latest industry. ...
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Tuesday, April 14, 2020 / by Justin Critchfield & Michelle Aspseter
Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in a position where you need to sell your home – and fast. While you probably feel like timing with the current pandemic isn’t on your side, making a move is still possible. Rest assured, with technology at your side and fewer sellers on the market in most areas, you can list your house and make it happen safely and effectively, especially when following the current COVID-19 guidelines set forth by the National Association of Realtors (NAR) and the Centers for Disease Control and Prevention (CDC).
You may have a new baby, a new employment situation, a parent who moved in with you, you just built a home that’s finally ready to move into, or some other major part of your life that has changed in recent weeks. Buy. ...
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Friday, March 27, 2020 / by Justin Critchfield & Michelle Aspseter
Don’t Let Frightening Headlines Scare You
There’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well.
Amidst all this anxiety, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we will continue to see a rash of horrifying headlines over the next few months. Let’s make sure we aren’t paralyzed by a headline before we get the full story.
When it comes to the health issue, you should look to the Centers for Disease Control and Prevention (CDC) or the World Health Organization (WHO) for the most reliable information.
Finding reliable resources with information on the economic impact of the virus is more difficult. For this reason, it’s important to shed some light on the situation. There are already alarmist headlines starting ...
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Friday, March 6, 2020 / by Justin Critchfield & Michelle Aspseter
Impact of the Coronavirus on the U.S. Housing Market
The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have on lives and families around the world.
With all this uncertainty, how do you make powerful and confident decisions in regard to your real estate plans?
The National Association of Realtors (NAR) anticipates:
“At the very least, the coronavirus could cause some people to put home sales on hold.”
While this is an understandable approach, it is important to balance that with how it may end up costing you in the long run. If you’re considering buying or selling a home, it is key to educate yourself so that you can take thoughtful and intentional next steps for your future.
For example, when there&rsquo ...
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