2021 Real Estate Forecast for Northern Utah

Northern Wasatch Association of RealtorsUpdate

Shauna Ray, 2021 PresidentNorthern Wasatch Association of REALTORS Expect another year of hot homes sales and rising prices for Northern Utah. That’s according to a new housing forecast from local economist Jim Wood. Wood, who works at the Kem Gardner Policy Institute at the University of Utah, is predicting low interest rates and housing demand will support real estate sales in 2021. That should translate into a 5% increase in single-family sales in Davis County and a 7% gain in Weber County. “All of the elements are there: We’re going to have a good year in job growth; we’re going to have net in-migration and low interest rates,” Wood said during a Jan. 12 presentation. “I just expect there’s going …

Rising to the top

Northern Wasatch Association of RealtorsClass

Link to register: https://nahrep.zoom.us/webinar/register/8516100595734/WN_PdtAMzQPQimbILvWfprmQw 

ECONOMIC FORECAST ZOOM WITH JIM WOOD!

Northern Wasatch Association of RealtorsClass

January 11th at 10:00am. Register in advance for this webinar:https://us02web.zoom.us/webinar/register/WN_c6h3fxNWTKK-bXU93nrvnQAfter registering, you will receive a confirmation email containing information about joining the webinar.

Pandemic is changing home buyer and seller preferences

Northern Wasatch Association of RealtorsAdvice, Update

Shauna Ray, 2020 PresidentNorthern Wasatch Association of REALTORS® As people spend more time at home than ever before — juggling remote work, virtual learning and a plethora of other responsibilities — many are rethinking their housing must-haves and looking for homes that will get them through the pandemic. In fact, a new study from the National Association of Realtors found that the pandemic has changed several home-buying and selling behaviors. In particular, both buyers and sellers say they want more space. “The coronavirus without a doubt led home buyers to reassess their housing situations and even reconsider home sizes and destinations,” said Jessica Lautz, vice president of demographics and behavioral insights at NAR. The 2020 Profile of Home Buyers and …