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  • KW Park City Keller Williams Real Estate Blog

    Friday, January 24, 2020   /   by Nikki Keye

    Homes Stay On The Market For 41 Days In December

    Deciding which home to buy is a big decision. The home you choose will likely be the one you live in for the next several years. So naturally, when you find one that fits your needs and lifestyle, you should take your time and weigh out all the pros and cons before making an offer. Right? Well, not exactly. These days, good homes sell quickly. In fact, according to the latest data from the National Association of Realtors, the typical home was on the market for just 41 days in December and 43 percent of homes sold in less than a month. That means, you have to act fast when you find a house you like, or you'll risk the home being purchased by another buyer before you've even made an offer. This is why it's important to be prepared, pre-approved, and aware of what your must haves and dealbreakers are. You're less likely to make a decision you'll regret if you've got everything in order and have thoroughly thought out what you want, what you don't want, and how much you'd like to spend. &) ...

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    Wednesday, January 22, 2020   /   by Nikki Keye

    Will 2020 Be A Good Year For The Housing Market?

    The housing market has up years and down years. And the list of factors that influence it is long. Everything from geopolitical tension to student loan debt has a role in determining how many Americans decide it's time to buy a house. So what do conditions look like for the housing market in 2020? Well, according to Fannie Mae's Economic and Strategic Research Group, things are looking good. Their latest forecast cites factors like rising wages, a strong labor market, and improved household finances as reasons to be encouraged. Doug Duncan, Fannie Mae's senior vice president and chief economist, says Americans are doing well and market factors are positioned for them to take advantage. “Strong consumer demand and low mortgage rates – as well as moderate improvements to supply – have housing well-positioned for a comeback year in 2020,” Duncan said. “While we expect housing to regain its place as an economic growth driver after a period of relative sluggish) ...

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    Friday, January 17, 2020   /   by Nikki Keye

    Sundance Guide 2020
























    Excitement is building for this year's Sundance Film Festival! The 2020 festival received a record-breaking 15,100 submissions, which included nearly 4,000 feature-length films. See below to learn more about some of the films that have generated early buzz, and get some insider tips for enjoying the festival!
     

























    Looking for Tickets to Sundance? There are lots of options for enjoying the festival. Purchase a pass, a ticket package, or individual tickets in advance or catch a last-minute screening through the eWaitlist. 

    INDIVIDUAL TICKET SALES
    Locals:&> ...

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    Thursday, January 16, 2020   /   by Nikki Keye

    Is It More Affordable To Rent Or Buy?

    It's often assumed that renting is cheaper than buying. After all, there are fewer upfront costs and less of a financial commitment. But is it really more affordable? Well, according to ATTOM Data Solutions, it depends. Their 2020 Rental Affordability Report looked at 855 U.S. counties to determine whether it's more affordable to buy a median-priced, three-bedroom home or to rent a three-bedroom property. What they found was that, in 53 percent of analyzed counties, buying was the better deal. “Homeownership is a better deal than renting for the average wage earner in a slim majority of U.S. housing markets,” Todd Teta, ATTOM's chief product officer, said. “However, there are distinct difference between different places, depending on the size and location from core metro areas.” In short, the more populated an area, the more likely it is that buying a home will be financially challenging. The good news for potential home buyers, though, is that falling mortgage e ...

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    Thursday, January 16, 2020   /   by Nikki Keye

    Why Americans Are Staying In Their Homes Longer

    The length of time the average homeowner lives in their house has been increasing over the past decade. In fact, one recent analysis found that the average length of homeownership has reached 13 years, which is five years longer than it was in 2010. So why are Americans staying in their homes longer than they used to? Well, one theory is that buyers who locked in a low mortgage rate are now reluctant to sell. But rates are still historically low. Not to mention, last year's refinance boom is a good indication that homeowners understand that the rate they lock in when they buy their home isn't necessarily going to be theirs forever. According to a new article from Housing Wire, there may be another reason. Logan Mohtashami writes that the reason people aren't moving as often as they used to may have more to do with their needs. “If it is generally true that people move when they need to, then it is also true that people don't move when they don't need to,” Mohtashami writes.e ...

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