#2 reason for this Hot Market
Robert Embley
Robert Embley is the Principal Broker of Salt Lake Realty Group, serving buyers and sellers throughout the Wasatch Front. Founder and Principal ...
Robert Embley is the Principal Broker of Salt Lake Realty Group, serving buyers and sellers throughout the Wasatch Front. Founder and Principal ...
Without a doubt, the #1 reason is the low inventory/ high demand environment. More specifically, low inventory. #2 is the primary driver for high demand...... boosted affordability.
Most of us acquire our homes using a loan. This loan's interest rate has a huge impact on how much home you can afford. Historically low interest rates (sub 3%) make it so that you can afford 10% more home than they could a year ago.
When I tell homeowners and potential buyers that affordability is unusually high I often encounter pushback. I created a slide deck to more effectively illustrate housing affordability:
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