Utah Leads Nation in Price Appreciation (STILL!)

The Office of Federal Housing Enterprise Oversight has issued the report we have all been waiting for...

Utah still leads the nation in home-price appreciation!

Of course, these reports are a little behind the times and I wouldn't expect anyone to believe that homes appreciated at 9.7% for January or February. I'm still sticking to a more modest 2-2.5% (Well below what was predicted!)

(Images from OFHEO's report)

I would suggest that part of the most recent drop in the appreciation rate in Utah is due to the fewer homes selling in the $600,000 + price range due to the increased difficulty and or cost in obtaining mortgages over $417,000.

The good thing is that many people buying homes under $400,000 are still able to get loans with good interest rates. There is also an oversupply of homes on the market right now (in all price ranges) which makes it a better time to buy a home because you have many more choices and a better opportunity to win in negotiations as a Buyer.

If you are thinking about buying a home in the Salt Lake area, make sure you get an agent on YOUR side.

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Areas. We do not list any homes. We never represent Sellers. We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy... 

We're "Real Estate Agents who Represent the Home Buyer" TM

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 30-60 days, call us at (801) 969-8989 or contact us via the link on this page.

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