Did you know that The State of Utah has made available an interest-free, forgivable grant, up to $25,000 to Utah Law Enforcement and Correctional Officers for the purpose of purchasing a home in Utah!

Generally only available to qualifying first-time buyers, this is a first-come, first-served opportunity to …

We are grateful to Inwest Title for the above and below graphs showing how the Iron County real estate market performed last year, compared with recent years, setting the scene of where we are at, as the market really gets underway in 2025.

We'll analyse each graph individually:

Median Sales …

First of all can we take this belated opportunity to wish you and your family a very happy, healthy and successful New Year.

There are plenty of reasons to be optimistic about the prospects for real estate in our area in 2025.

One key aspect is that inventory of …

There are currently some really good reasons for optimism among home buyers and sellers.

The recent drop in Federal Reserve interest rates makes the general cost of borrowing cheaper and is part of a downward trend in Fed rates that can only help to boost buyer sentiment.

…

We all tend to accumulate too much stuff.

A simple life-laundry audit of things you feel you can part with certainly helps, but what if there are things you must keep that would make your home an easier place to live in if they were safely kept elsewhere?

Self-storage facilitates …

The recent announcement of the first Federal Reserve interest rate cut since before Covid is incredibly significant.

It won't just be leaves that are dropping this fall - this great news is very likely to lead to lower mortgage interest rates.

Rates have, of course, been falling …

Here's some good news for buyers and sellers alike!

The average 30-year fixed mortgage rate has ticked down this week to the lowest level for 15 months - since May 2023!

And with the widespread expectation of a fall in Federal Reserve interest rates next month, the …

The above and below graphs, kindly provided by our friends at Inwest Title, provide an ample demonstration of some of the key real estate trends we've seen in Iron County during the first half of 2024.

While they took a small dip in June, there's been an upward …

The conventional wisdom in real estate is that a bigger inventory of available homes for sale means more competition between sellers, with potentially lower returns as a direct result.

The above graph shows that more homes have been coming onto the Iron County market for some months. However, …

Congratulations if you bought your home when mortgage rates were 5% or below. What's happened to rates since that time has only served to prove what a shrewd move that was.

Some would-be home sellers are still sitting on the fence, waiting for those times to return. The …