You are probably already aware that mortgage rates have been ascending for most of this year and are now above 5%, on average, for a 30-year loan.

This is a situation we have been tracking in our email communications with you for some time and now we are seeing …

Rising mortgage rates haven't changed the fantastic home sales trends we continue to enjoy in the Iron County area.

As the above statistics for March demonstrate, we are still seeing very positive key pointers.

Median sale price was up by over 29% on the same period last year, reflecting …

Earlier this year we saw rates for a 30-year home loan in the mid 3% range. Today they are almost 5% and climbing!

As we always advise, the future is never a certainty, but many industry experts feel that we could be headed for rates breaking the 5% threshold.

While …

This year we've already seen quite significant rises in mortgage rates.

It's not the first time that it's happened before, only for something to come along that suddenly halts the upward climb.

We saw this a couple of years ago as the pandemic took hold and rates …

This has, inevitably, led to us often being asked two important questions:

Is this price growth sustainable?

Although it now seems a long time ago, the reality is that prices were very out of synch due to the market collapse years and we are, in fact, still seeing a correction …

This week's news headlines have been dominated by the somewhat bizarre circumstances that have led to stock market volatility.

While this doesn't have an immediate effect on real estate, it is perhaps a timely reminder that nothing stays the same for ever.

Bringing things more close to home …

We'd like to share some recent information issued by Redfin that reflects what we are seeing here in Iron County, in terms of a really strong comeback for real estate.

Redfin says that home buying demand is actually 22% up from pre-pandemic levels, after seven straight weeks of gains …

Despite all the difficulties of the past couple of months, we are currently seeing some of the most motivated buyers in all our years in real estate!

A good deal of the incredible degree of positive sentiment can be attributed to mortgage rates which are currently at the lowest levels …

First of all we hope that you are well and staying safe.

Today we wanted to share some information with you that demonstrates how well our local Iron County real estate market is adjusting to the new situation we all find ourselves in.

• Over the last week 33 properties closed …

We are all negotiating uncharted waters with the current national emergency and we have naturally been asked several times in the past few days how this affects our Iron County real estate market.

There are a number of key factors in our marketplace that have not changed at all as …