Whether you’re a landlord or a renter, it’s important to understand what’s covered in the order, what steps must be taken and what assistance programs are available if you need financial help.
2020 Convention
September 15, 2020 – Virtual Membership Meeting and Legal Panel 10 a.m.-12:30 p.m. – General Membership Meeting with NAR President Vince Malta, NAR Chief Economist Lawrence Yun, and tax expert Mark J. Kohler 1-3 p.m. – Legal Panel (certified for 2 CORE Utah real estate C.E. credits)Register now to attend this Zoom event. The event is free to all Utah REALTORS®. Registration Link: https://us02web.zoom.us/webinar/register/1615974225662/WN_raH7m25lQUC6U90fvrKqgg
Study says Ogden-Clearfield is best metro in Utah for housing affordability
Shauna Ray, 2020 PresidentNorthern Wasatch Association of REALTORS® With the steady rise in home prices throughout Utah, house-hunters may want to look no further than Northern Utah as they search for homes that are in reach. A new study ranks Ogden-Clearfield as the most affordable metropolitan area for housing in Utah, the fourth best in the West and 97th nationally. That’s according to the National Association of Home Builders Housing Opportunity Index that ranks the largest 234 metro areas in the U.S. on affordability. The Ogden-Clearfield metro area includes Weber, Morgan, Davis and Box Elder counties. The index says 72.4% of homes sold during the second quarter in this geographic area were affordable to families making the median income of …
Why is the housing market so hot?
One of the surprises of the COVID-19 pandemic has been the resiliency of the residential real estate market. Although home sales initially faltered with the spring pandemic shutdowns, the housing market has now bounced back, and sales are beginning to outperform last year’s strong activity. Here are some of the reasons the housing market is heating up this summer: Mortgage rates dip to less than 3% Last week, the interest rate on a 30-year fixed-rate mortgage dropped to an average 2.98%. This is the first time in 50 years that the rate has been this low, according to Freddie Mac. These unprecedented rates are enticing buyers, and many economists expect the trend to continue throughout this year and into next. …