What To Do If You Can’t Pay Your Rent

Northern Wasatch Association of Realtors Advice

Shauna Ray2020 President, Northern Wasatch Association of Realtors Earlier this month, the Centers for Disease Control and Prevention issued a temporary eviction ban for areas of the country experiencing a rapid spread of COVID-19. If you or someone you know is having trouble paying your rent because of the pandemic, here’s what you need to know about the new moratorium. How it works             To stay in your rental, you must first fill out the CDC declaration form and submit it to your landlord. This declaration will help you determine whether the moratorium applies to your situation. It also outlines your responsibilities. To qualify, your income cannot exceed a certain threshold and you must have a substantial loss in income …

What’s in store for housing by the end of the year?

Northern Wasatch Association of Realtors Advice

Shauna Ray, 2021 PresidentNorthern Wasatch Association of REALTORS Homebuyers who currently face an ultra-competitive housing market may be able to get at least a little relief near the end of the year when several factors are likely to combine to create more housing supply. Lawrence Yun, chief economist of the National Association of Realtors, told Realtors at a national conference this month that he expects more housing inventory by the end of the year. “We’re going to get more supply, more inventory,” he said. “The good news is home construction is ramping up. It’s going to take several months to actually show up as an inventory because it takes time to complete the home.” In fact, Yun expects new home …

10 Tips to Make Your Real Estate Offer Stand Out

Northern Wasatch Association of Realtors Advice

Shauna Ray, 2020 PresidentNorthern Wasatch Association of Realtors Northern Utah’s hot real estate market continues. With inventory cut by two-thirds compared to last year, buyers are facing tough competition. In Weber County, for example, there were only 298 homes listed at the end of January. That’s down 64% from last year. In Davis and Morgan counties, inventories were cut 65% and 81% respectively. Competition was fiercest in Box Elder County where the number of for-sale homes fell 76%. This equates to less than half a month of supply and means Box Elder has the strongest seller’s market in the state. For buyers who are frustrated by the situation, there are some things you can do to increase the likelihood the …

Pandemic is changing home buyer and seller preferences

Northern Wasatch Association of Realtors Advice, 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 …