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Here’s Why Glenn Beck Endorses Our Team

Our team is proud of what others have to say about the way we do things. Our latest endorsement, from Glenn Beck, is no different.

We’re excited to announce our team’s latest endorsement. This one comes from nationally syndicated radio host Glenn Beck. He had some great words to say about our team and about our home sale guarantee program. 

In case you haven’t heard of it, here’s how it works. We guarantee to sell your home at a price and deadline that you agree to or we are going to buy it ourselves. We sell a home every two days, and have a large network of buyers that are looking for a home right now. We make this promise because we know we have the systems in place to keep it.

To hear the full radio endorsement, listen to the clip above.

2016 Wasatch Front Market Report

First-time home buyers should buy before a rate increase. 

As the year comes to a close, it’s time to take a look at the 2016 report card for the Wasatch Front home sales.

The Wasatch Front sales volume for single family homes is nearly the same this year as it was in 2015. That’s 29,000 single family homes that have sold, which is very strong. In fact our strongest sales year was in 2006, when 29,300 homes were sold.  

Our average sale price along the Wasatch Front in 2015 was $285,250 and in 2016 it is just over $305,000, which is a 7% increase. If we adjust for inflation, we are actually above pre recession pricing.

Condos and townhomes have been off the charts. There has been about an 18% increase in sales between 2015 and 2016. 2015 was already a record year, so this year has been phenomenal.

First-time home buyers should buy before a rate increase.

If we look at the average price of these properties, the condos and townhomes in the Wasatch Front area was $193,000, a 5% increase year over year.

So what might 2017 look like? Utah’s economy remains one of the strongest in the country, and the number of families that are moving into the state remains one of the highest in the nation. The average age of our residents is 29, which is also the average of a first-time home buyer. Therefore, we anticipate that we are going to continue to see strong sales, but not record breaking sales. However, something is going to happen with interest rates.

Predictions for 2017 are widely varied. They are dependant on world events, the incoming Presidency, and signs of a recovering economy. All of those factors will influence the direction of mortgage rates in the new year.

What we do know, is that rates have been on the rise for the last 30 days, and the FED has been fairly clear about their intention to raise rates even more. So what does this mean for home buyers? A 1% increase in mortgage rates equates to a 10% increase in the cost of a home over a 30-year loan. Even more unfortunate, it’s predicted that if we have a 1% increase in rates, 18% of first-time home buyers will no longer be able to afford a home. If you are looking to purchase a home, now is the time.

If you have any further questions about what’s going on the the market, or if you are looking to buy or sell a home, please give me a call or send me an email. I’m here to help!

Our Client Appreciation Event Was a Huge Success

We had a great time at our client appreciation event.
We hope you did too, as we are already looking forward to the next one.
Get a Wasatch Front Home Value Report Search All Wasatch Front Homes on the MLS

Our recent client appreciation event was a huge success. It was a great opportunity for a mid-week date night with your spouse, or just an escape from the day to day. We were thrilled that so many of you were able to come out and enjoy the movie with us, and we thank you.

Another big thank you to everyone who brought your gently used dolls, toys, and stuffed animals for the Sandy City Fire Department. They take these toys and use them to comfort children who have been in traumatic situations.

Additionally, we raised a bunch of money for them through our split the raffle to purchase things like crayons and books for children experiencing trauma during emergency situations.

We were thrilled that so many
of you were able to come out.

Finally, congratulations to Grant, who won the other half of the raffle. Looks like he will be able to retire at least one day earlier.

Keep an eye out for the upcoming invite to our next client appreciation event. This one will be for the whole family.

So for now, have a grateful and thank-filled holiday season. We are thankful for all of you and your continued support of our team and our mission to help you realize the American dream of homeownership.

If you have any questions for us, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon!