A report by Investors.com reveals that while this year might be a great time to buy a house, certain market conditions, particularly rising home prices and tight competition with cash investors, are making things more difficult for new home buyers to get into the game. Moreover, other groups with money to spare and better credits to show, including real estate investors, move-up buyers, and retirees, are as eager to get their hands on a good home purchase. Continue reading “First Time Home Buyer in Utah? Quick Tips for Scoring Your Dream Home”
Freddie Mac recently reported that the average rate on a fixed-term 30-year mortgage has dropped from its record two-year high of 4.51 per cent to settle on 4.37 per cent. The dip came following the Fed’s announcement last week that it will delay the tapering of aggressive bond buying, news that eased market fears for the first time in the last two months. And as fears subsided, so did the current mortgage rates. Continue reading “A Window of Opportunity for Your Dream Home: Finding Suitable Mortgage Rates in Utah Through Reputable Mortgage Lenders”
Recent reports say that the number of first-time home buyers have been on a decline lately. In May, the National Association of Realtors (NAR) reports that first-time home buyers only accounted for 28 percent of existing-home deals, down from 34 percent in 2012. For the real estate market, this is a pressing issue for as Meg Handley of U.S. News puts it, first-time home buyers “keep the real estate cycle moving.” Continue reading “The Utah First Time Home Buyer: The Niche That Keeps Real Estate Alive”
Salt Lake City, Utah was listed in Forbes as one of the best cities in which to buy a home. The city’s real estate price drop from its peak is reportedly 19.4%. The unemployment rate is only 5.9% as well. If you’re thinking of investing in real estate, you need to find experienced mortgage companies in Utah.