Tooele Real Estate News and Tips On Home Ownership

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News about Tooele real estate by Berna

We published a lot about Tooele real estate, with news & tips on home ownership recently. Here are some favorites.

  • Are owners using homes as ATMs again?
  • Where are interest rates headed in 2019?
  • 4 reasons to buy a home this winter.
  • Home prices up across the country

Some of the articles got a lot of attention and a few comments, so I thought I would pass them along in case you missed them the first time around.

The article about the danger of borrowing the equity from your house was an interesting one in that while the subject is almost always characterized as being the fault of the market some of the blame should be shared by the owners that borrowed against home equity to purchase other, un-home related things.

However there is something to be said about re-financing where you swap 16% credit card interest for 4.5% mortgages debt.

The interest rate piece is just one of opinion, and there are many of those. The fact is, no one really knows what rates will do. This one has some nice charts & graphs so Tooele UT buyers and sellers can look at the future in “what if” mode.

The 4 reasons to buy this winter blog cautions house buyers in Tooele County about what happens to their selection options if prices continue to go up at the current pace. Add to that the rising mortgage rates and it really is about opportunity loss. Take heed, these homes listed for sale in Tooele County may cost 19% more if you wait.

More charts and graphs show up in the advice about increased housing prices across the country. Notice that Utah ranks up there in % of increase, and we know that Tooele County home prices are near the top of the list in the state of Utah.

Hope you enjoy these!

 

2008 vs. Now: Are Owners Using Their Homes as ATMs Again?

2008 vs. Now: Are Owners Using Their Homes as ATMs Again? | MyKCM

Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at the numbers shows that homeowners are …Read More

Where Are Interest Rates Headed in 2019?

Where Are Interest Rates Headed in 2019? | MyKCM

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. … Read More

4 Reasons to Buy A Home This Winter!

4 Reasons to Buy A Home This Winter! | MyKCM

Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year. … Read More

Home Prices Up 6.34% Across the Country! [INFOGRAPHIC]

Home Prices Up 6.34% Across the Country! [INFOGRAPHIC] | MyKCM

Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!

I hope these tidbits on Tooele real estate news & tips on home ownership have been helpful enough that you will consider following my blog about real estate in Tooele County. I publish a lot of information that will hopefully make the home buying or house selling process less stressful.

Some say it does, others need to talk to an agent to feel absolutely confident. Get eyeball to eyeball advice from a local professional. If that is you, I’d love to take your call.

I’m Berna Sloan 435-840-5029 and over the last 25+ years I have helped hundreds of Tooele families buy or sell real estate. When you are ready, I’d like to help you!

When you call, if my partner Chris answers it’s OK, he knows stuff too.

Tell him you are calling to discuss Tooele real estate news & tips on home ownership.