The housing market is changing quite a bit from a year ago. The number of homes up for sale is growing, reversing an inventory shortage trend that has plagued many markets over the last few years.
The higher inventories are also driving greater price cuts, February housing report, released Wednesday.
The median list price rose 7 percent year over year in February to $294,800. But prices are showing signs of cooling. Thirty-nine of the 50 largest housing markets saw an increase in price cuts in February.
As is often the case in real estate, the important trends are going on at the local level. We see large markets continue to cool, but some markets still have some strength. Additionally, we still see fewer homes priced under $200,000 on the market, so entry-level buyers won’t see the same availability of options as high-end buyers.”
Don't forget to Completing a Loan Pre-Qualification you'll be on your way to locking in your interest rate and giving assurance to prospective sellers that you mean business. Pre-qualification is easy and can be done via email or over the phone.
So what are you waiting for? CALL or TEXT Today 801-809-9866 There’s no substitute for the expertise of Carriene Porter @ Precision Realty & Associates LLC.com, that can help you home in. 

#Mortgage #UtahRealEstate #Selling #Buying