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January 2019

Found 2 blog entries for January 2019.

ParkCity 2018 Real Estate Report with Rick Klein

January 2018

Let's take a look back at the 2018 housing data for Park City single family homes with Rick Klein. The first graph shows the Demand: Pending Sales shows the seasonality for the Park City Market. 

What's the Best Time To Sell In Park City?

Check out the dip in December. Sellers need to consider that the buyers in the market during the winter are truly motivated purchasers and are looking to buy now! Since many sellers wait until spring to list their home, homes that are on the market during the down season give sellers an advantage to negotiate. The Pending homes sales measures the housing contract activity, and is based on the number of contracts signed for existing single-family

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Where is the Park City Housing Market Headed In 2019?

Interest rates are still low but not for much longer. According to the National Association of Realtors economists, buying a home will be more expensive. Lawrence Yun, the national associations of realtors chief economist, predicts home prices will continue to rise in 2019, but at a slower rate.  Yun expects national home sales to flatten and become more stable in 2019, rising by just 1 percent. Mortgage rates are expected to hit 5.5% by the end of the year. 

Yun commented also commented on the economy stating, "the economy is "good." He noted that we have low unemployment, record high job openings, historically low jobless claims, job additions for eight straight years and wages beginning to

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