Salt Lake City, the burst housing bubble of yesteryear is looking more and more like a distant memory.
That’s good news for people looking to sell; it means home values should rise in 2014 as demand swells. Among other things, they also predicts home values will rise across the Nation and Mortgage rates will hit 5 percent by the end of 2014.
If that happens, it would be the first time rates went that high since 2010.
The good news for home buyers is that mortgages should be easier to get, though overall homeownership rates will sink to their lowest point in nearly two decades.The news of Salt Lake City’s booming market comes after earlier reports indicated a strong real estate recovery in the region. See more predictions for 2014 and median home prices for Salt Lake County.
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