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  • KW Park City Keller Williams Real Estate Blog

    Thursday, January 16, 2020   /   by Nikki Keye

    The Waning Popularity Of Two-Story Foyers

    Like anything else, residential architecture is influenced by popular trends. Builders, designers, and architects want to build homes people want to buy, after all. But trends come and go. So what's popular at one time is undesirable the next. Take two-story foyers as an example. A recent analysis done by the National Association of Home Builders looked at data from the US Census Bureau's Survey of Construction and found that the share of new homes built with a two-story entranceway has been falling in recent years. This isn't entirely surprising, as NAHB surveys since 2012 have shown builders and buyers both considered them an unwanted feature. The data confirms it, however. Two-story foyers aren't as popular as they once were. In fact, according to the analysis, the number of new homes built with a grand entranceway fell 3 percent in 2018 from the year before. Additionally, the share of two-story foyers fell in seven of nine regional divisions, with the feature found in as few as 12 ) ...

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    Monday, January 13, 2020   /   by Nikki Keye

    Americans Optimistic About Housing Market

    Whether or not you feel like it's a good time to buy or sell a house depends a lot on your perception of the housing market. That's why Fannie Mae conducts a monthly survey to gauge Americans' feelings about current conditions, their financial situation, mortgage rates, home prices, etc. After all, if people have a positive view of the market, they're more likely to make a move. And, according to the most recent Home Purchase Sentiment Index, Americans are feeling optimistic right now. Fannie Mae's chief economist, Doug Duncan, says the index remains near its all-time high. “The HPSI hit and remained near an all-time high in 2019, driven by the 16-percentage point year-over-year increase in the share of consumers believing it is a good time to buy,” Duncan said. In December, 59 percent of participants said they think now is a good time to buy a house. Additionally, 65 percent said it's a good time to sell. In other words, a majority of survey participants have a positive vie ...

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    Saturday, January 4, 2020   /   by Nikki Keye

    Midway Bakery on Main

    Midway Bakery's humble exterior belies the exquisitely made pastries and breads you'll find inside. Their cozy dining area with its country farm-style decor gives it a rustic-chic ambiance that is a perfect match for the heavenly, made-from-scratch treats. And all the cute kitchen decor in the dining area is for sale,  including the mug your coffee comes in! 

    Owner Debbie Small creates her baked goods using recipes from her childhood that she's perfected over time--and she's done a splendid job. Her sweet rolls are to die for!  They come in an assortment of flavors, like orange-glaze, mixed berry, strawberry cream cheese, and maple pecan. They are also the size of your face, so bring a friend!

    Midway Bakery's savory treats are just as tantalizing. Their sandwiches on freshly baked bread and their biscuit breakfast sandwiches are local favorites. When the temps start to drop, warm yourself up with a bowl of their homemade soup. 

    From brownies to baguettes, M ...

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      local business

    Friday, January 3, 2020   /   by Nikki Keye

    Home Prices Up 3.3% From Last Year

    The S&P CoreLogic Case-Shiller Indices have tracked U.S. home prices for more than 27 years. Considered among the leading measures of home price trends, the Case-Shiller index is a closely watched gauge of where home prices are headed. According to the most recent results, home values continue to increase. In fact, they are up 3.3 percent year-over-year. But, though they're still rising, the rate of increase is actually slower than the historical average. For example, home prices between 1968 and 2004 saw an average yearly increase of 6.4 percent. Still, the Case-Shiller index found price increases have accelerated slightly in recent months. “As was the case last month, after a long period of decelerating price increases, the national, 10-city, and 20-city composites all rose at a modestly faster rate in October compared to September,” Craig J. Lazzara, managing director and global head of index investment strategy at S&P Dow Jones, said. “This stability was b! ...

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    Thursday, January 2, 2020   /   by Nikki Keye

    Favorable Conditions Push Signed Contracts Higher

    The number of Americans who signed contracts to buy homes in November was higher than the month before, according to new numbers from the National Association of Realtors. In fact, the NAR's Pending Home Sales Index – which measures contract signings not closings – saw a 1.2 percent improvement over the previous month. Contract activity is now 7.4 percent higher than it was last year at the same time. Lawrence Yun, NAR's chief economist, says buying conditions are favorable but low inventory remains a challenge. “Despite the insufficient level of inventory, pending home contracts still increased in November,” Yun said. “The favorable conditions are expected throughout 2020 as well, but supply is not yet meeting the healthy demand.” Regionally, pending sales saw the greatest improvement in the West, rising 5.5 percent month-over-month. The Northeast, Midwest, and South were all relatively flat, though they remain elevated over last year's numbers. Mor. ...

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