19 Most Beautiful Places to Visit in Utah

Utah, nicknamed “Beehive State”, offers some of the most beautiful and spectacular sights and places

to visit!

Just browse through these awesome pictures and be amazed by it’s beauty. Fun fact: The name Utah derives from the Native American Ute tribe and means people of the mountains. Bryce Canyon is home to the largest collection of hoodoos in the world. Hoodoos are unique rock formations created by uneven erosion and weathering, giving them a distinctive and unmissable appearance. At Bryce Canyon, you will also find woodland, wildlife and caves, making it a hiker’s paradise. At night, the lack of local light sources create the perfect location for stargazing with unparalleled starry skies. 19 Most Beautiful Places to Visit in Utah

Surprising Tax Credits for Home Owners

Do You Qualify for A Home Energy Tax Credit?

 



Many of your clients may be working on their taxes now, and you can help them make the most of home improvements.
Homeselfe, a home energy assessment app and web service for homeowners,
recently released a list of several significant tax credits available to those who made energy efficiency upgrades to their homes in the 2015 tax year.

“If you upgraded your home in 2015 by adding insulation, one of the most cost-effective upgrades you can make, you already know you are saving on your utility bills every month plus you may be eligible for a tax credit on that investment,” said Ameeta Jain, co-founder and spokesperson of Homeselfe.

The company says homeowners can earn up to $500 on their return by taking into account small upgrades made last year, including:

• Biomass stoves
• Heating, ventilation, and air conditioning
• Advanced main air-circulating fans (tax credit amount of $50)
• Insulation (10 percent of the cost, up to $500)
• Roofs (metal and asphalt)
• Water heaters (non-solar earns a tax credit of $300)
• Windows, doors and skylights (tax credit amount is 10 percent of the cost excluding labor)

Homeselfe includes flowcharts and other information to help homeowners determine whether they qualify for energy-related tax credits. “Not taking advantage of that is throwing away your hard-earned cash. We want to empower families to receive the maximum refund allowed on their tax returns by providing them insight into the energy credits that are available,” says Jain.

Source: "Do You Qualify for A Home Energy Tax Credit?" Homeselfe (Feb. 10, 2016)

Yup, 2016 Is Off to a Good Start in Home Sales

Recent housing and economic reports predict we'll see solid spring home sales, according to Jonathan Smoke, realtor.com®'s chief economist. Here are some signs:

On home sales: Existing-home sales from January 2015 to January 2016 have grown 11 percent. Sales are taking longer close, due to new mortgage rules that took effect last fall, but the pace of sales is growing. New-home sales have also grown solidly year-over-year, and the median price of new homes is declining as more builders offer more affordable homes than catering to just the luxury.

On home prices: Prices are moving up and most of that has been attributed to the limited number of homes for-sale. At the current pace, there is a four-month supply of homes on the market -- much lower than the norms of six to seven months. "This is driving prices higher and encouraging consumers who hope to buy this year to get started as soon as possible," Smoke notes.

On mortgage rates: Low mortgage rates are improving home buyer affordability, for now. The 30-year fixed-rate mortgage averaged under 3.7 percent in the latest week, which offers buyers nearly 5 percent more buying power than they had at the end of 2015, Smoke notes.
But as Smoke notes: "not everything is rainbows and unicorns.

The biggest negative trend impacting potential demand relates to the January and February declines in stock values, which have taken a toll on consumer confidence." Also, the tight supply of homes for-sale could also limit sales in the spring season. That said, for buyers that are able, the low mortgage rates of the season may prove a strong motivator why buyers shouldn't wait. Source:  realtor.com® (Feb. 26, 2016)

"Read more: The 20 Hottest Housing Markets This Month

Heading into Spring Buying Season,

Home Prices and Inventories

Home prices and the limited number of homes for sale are the top concerns. "The spring

buying season is right around the corner and current supply levels aren't even close to what's needed to accommodate the subsequent growth in housing demand," says Yun. "Home prices ascending near or above double-digit appreciation aren't healthy, especially considering the fact that household income and wages are barely rising."  

The median existing-home price for all housing types last month was $213,800, up 8.2 percent from a year ago ($197,600). The price increase in January was the largest since April 2015, when home prices moved 8.5 percent higher compared to a year ago.

Meanwhile, total housing inventory at the end of January rose 3.4 percent to 1.82 million existing homes available for sale. Inventories remain 2.2 percent lower than a year ago. At the current pace, unsold inventory is at a four-month supply, up slightly from 3.9 months in December 2015.
In January, properties typically stayed on the market for 64 days, below the 69 days average from January 2015. Thirty-two percent of homes for sale in January sold last month in less than a month.

So if you’ve been thinking about selling your home, now may be a good time to take advantage of the current seller’s market. There just are not enough good homes on the market right now. I know you may have questions about making a move, what your home might be worth, and what’s involved in putting a home up for sale. I’m happy to walk you through the process and answer any questions you may have. Please give me a call or e-mail me today and we’ll get started. Source: Rosa Pace

More Equity Than Owners May Realize

Home owners are increasingly optimistic about gaining equity in their homes this year, but they’re

still conservative on how much they’ve truly gained.
Forty-six percent of home owners with a mortgage say they believe they’ll see their equity increase in 2016, and the majority expect to see a gain by as much as 10 percent, according to a new study of 1,000 home owners conducted by the lender loanDepot.

Indeed, about a quarter of home owners surveyed say they expect their equity to increase between 6 and 10 percent this year while 58 percent say they expected equity to increase 1 to 5 percent. Economists have largely predicted equity gains to be between 2.3 and 4.7 percent this year.

Despite the equity optimism, 80 percent of home owners underestimate the amount of value their home has gained since the housing recovery, according to the loanDepot survey.
"Home owners who bought during the housing boom are regaining equity many thought was lost forever, yet too many are not aware of the equity they have gained or they are unclear about how to determine changes in their equity," says Bryan Sullivan, chief financial officer of loanDepot, LLC.

"People who bought after the housing boom when prices were low are realizing home ownership can be a great investment and an asset that they can now leverage through equity to realize many dreams. Whether they choose to leverage their home equity now or reserve it for future needs, millions of home owners have choices today not available just a few years ago."

Home owners who purchased their home prior to the housing boom or during it – and who then watched their equity fade during the 2007 to 2009 bust – have different views on the equity picture than home owners who purchased post-2009. For example, the study found that more buyers who purchased after 2009 believe:

• 64% believe their home has gained value since 2013 compared to 58 percent of pre-2009 owners.
• 50% expect to gain more equity this year compared to 43 percent of pre-2009 buyers.
• 65% believe they have adequate equity now to take out a home equity loan compared to slightly over half (52%) of post-2009 buyers.

Spring Season inches Closer

As the Spring season inches closer, the real estate market is beginning to warm up. 
If you’re in the market to sell your home, check out these Six Tips for a Quick Home Sale in 2016.

For both the home buyers and sellers out there, take a look at these 10 Tips for Home Buying and

Selling. I’m happy to speak with you about these and other tips in more detail. 
For the homeowners out there, I think you may enjoy the following home improvement articles:

Your Top Home Improvement Tips, Answered
5 Easy DIY Weekend Projects Under $300

As always, let me know if you have any questions for me! Source Rosa Pace

Why Pets Are the Best in Showings

Are you doing what you can to market yourself as pet-friendly?

65 percent of American households own a pet, and of those, 83 percent consider their pet to be a member of the family. These pet-popularity stats show why it's important for real estate pros to know how to help buyers find a home that fits the needs of their entire family, Fido included.

When it comes to selling, the properties' pet appeal can be a big selling point. Make sure to showcase pet-friendly home features and highlight if the property is near a dog park or businesses that are dog-friendly. Agents can also appeal to a pet-loving crowd by using animals in marketing videos and even in head shots, and by staging listings to include pet accessories.

The rise in pet power recently inspired the National Association of REALTORS® to create an infographic with facts about pet ownership and tips on how owners can make a home pet-friendly. In conjunction with the 140th annual Westminster Kennel Club Dog Show, which aired Monday and ends tonight with the Best in Show judging, NAR's social media accounts are encouraging followers to share photos of their dogs using the hashtag #RealtorDogs. Read more: The Power of Pets