Mortgage Options in 2018

Northern Wasatch Association of Realtors Advice

Home prices are rising in Northern Utah according to Utah Realtors. In Davis County, the median sales price rose 9 percent to $272,500 during the first 10 months of 2017. The trend was similar in Weber County with an increase of 11 percent to $205,000. Prices in Morgan County, where sales volumes are lower, remained flat at $390,000. While home prices likely won’t rise as quickly next year, they will still be up about 4 percent statewide in 2018, according to CoreLogic. While the gain is good for existing owners, it presents challenges for those who want to buy. With more expensive homes, buyers need to save more cash for down payments and qualify for larger loans. Higher prices also …