Up-to-Date Industry Facts

According to Utah association of Realtor in the Salt Lake area underwater properties fell from 15% to 12% at the beginning of 2013. An incentive of some of the state recovery we are seeing. That would be nearly 8,000 properties that are now positive equity.

Buyers are also becoming aware of increasing interest rates. Interest rates are still at a great rate allowing mortgage payments to remain affordable. Based on today’s median priced home,  rates would have to nearly double according to Freddie Mac to become unaffordable.

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