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Impower Real Estate Blog

Tuesday, June 25, 2019   /   by Jessica Salazar 801.416.3344

Utah Division of Real Estate announces statewide campaign to warn of growing email scam

Utah Division of Real Estate announces statewide campaign to warn of growing email scam

by Jennifer Weaver

Monday, June 24th 2019

(KUTV) — The Utah Division of Real Estate launched a new public outreach campaign to warn the public of an email scam that targets property transactions.

Francine A. Giani, executive director of the Utah Department of Commerce, announced Monday that a rapidly growing scam coerces respondents into wiring payments and other high dollar real estate proceeds to con artists’ accounts.

Giani said in a prepared statement:

Utah’s real estate market is red hot and scammers are looking to profit millions off the backs of our hard-working citizens. Be smart and question any email message that looks different from what your real estate agent or title company instructed you to do. If something seems off, call your agent or title company over previously estab ...

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Monday, June 24, 2019   /   by Jessica Salazar 801.416.3344

Knowledge is power

Knowledge is power, ever heard that saying? 
By knowing what things are selling for and average statistics you can 
-make a strong offer 
-negotiate intelligently 
And know where to buy!

Each area is different. 
Every Tuesday at 7 I’ll be doing a Facebook live to answer questions and look up areas so make sure to tune in! 
Today’s report is based on Weber county
June 24 2019 
296 homes sold 
Median price was $270k 
Median sales price vs original list 100% 
Median days on market 13

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Tuesday, May 28, 2019   /   by Jessica Salazar 801.416.3344

Young homebuyers scramble as prices rise faster than incomes By JOSH BOAK and LARRY FENN May 25, 2019

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In this April 27, 2019, photo, Andy and Stacie Proctor stand in front of their new home in Vineyard, Utah. For some millennials looking to buy their first home, the hunt feels like a race against the clock. The Proctors ultimately made a successful offer on a three-bedroom house for $438,000 in Vineyard. (AP Photo/Rick Bowmer)

SALT LAKE CITY (AP) — For millennials looking to buy their first home, the hunt feels like a race against the clock.
In the seven years since the housing crash ended, home values in more than three-quarters of U.S. metro areas have climbed faster than incomes, according to an Associated Press analysis of real estate industry data provided by CoreLogic.
That gap is driving some first-timers out of the most expensive cities as well as pressuring them to buy something before they are completely priced out of the market.
The high cost of home ownership is also putting extreme pressure on 20- and 30-somethings as they try to balance mortgage ...

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Saturday, May 04, 2019   /   by Jouleen Cowgill 385.213.2542

Interest Rates were 4.12 last week!

Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!
This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say,

“Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.”

To put the low rates in perspective, the average for 2018 was 4.6%! The chart below shows the recent drop, and also shows where the experts at Freddie Mac believe rates will be by the end of 2019.

If you plan on buying a home this year, meet with a local real estate professional who can help you start your home sear ...

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Impower Real Estate
Steven & Jessica Salazar
9071 1300 W #205
West Jordan, UT 84088

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of July 17, 2019. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2019 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Conspicuous display of the following: Information deemed reliable but not guaranteed accurate. Buyer to verify all information.