May Homeward bound Newsletter
THE GIVING IT BACK AND PAYING IT FORWARD REAL ESTATE NEWSLETTER | MAY 2020
Just about every May I sit down to write Homeward Bound; I write about Mom’s Day. And why not… it is a very special day for very special people.
My Mom used to tell me, seemingly repeatedly, to do this and do that, not to do this and not to do that. ALL, I recall, very valuable advice. Looking back on it all these many years later, I can say she was, and still is, a very wise woman.
Time reveals, in fact, just about every caring Mother is a Wise Woman. I can see why we carve out a special day each year to acknowledge Moms. So here is a shout out to all Mom’s – Happy Mother’s Day!!
My Mother’s Birthday is February 2nd which somehow seems far from Mother’s Day each year. So, she gets double the accolades every May from my Sister, brother and me.
Buying and selling a home in a Corona Virus Market
Market Watch: COVID-19 And Utah Real Estate
Strange times indeed. But still, Life goes on. For homeowners, or buyers looking to enter the market, questions loom large in the wake of the COVID-19 pandemic and no one knows for sure what is going to happen next. Despite all this, the prognosis for Utah Real Estate is still positive, with Real Estate poised to help fuel the recovery.
WHAT WE KNOW ABOUT THE SALT LAKE COUNTY MARKET
Since 1996, home prices in Utah have more than doubled. While Salt Lake County home prices dropped nearly 20% during the Great Recession (2008–2011), economic recovery outpaced other comparable cities, and prices rose to pre-recession levels by the end of 2014.
Over the last two years, home inventory levels have dropped to historic lows, driving prices higher in all Salt Lake County Cities. The booming population along the Wasatch Front is projected to grow even more rapidly over the next thirty years to exceed 5 million by 2050. The fundamental drivers of Utah’s demographic growth remain, even with the imminent short-run disruptions of Covid-19.
HOME PRICES DURING THE PANDEMIC
Once the pandemic hit, we immediately saw a 60 percent drop in scheduled showings on homes. Right now, we are 1,000 active listings below where we were last year.” Prices took a short term hit immediately after the pandemic broke out, however, prices are NOT expected to drop significantly. Due to massive pent up demand, more inventory is expected to hit the market over the summer. The more pressing threat for buyers looking for a home, is that interest rates will begin to climb from the all-time lows that we have been seeing.
LONG-TERM GROWTH IS UNDETERRED—Expect Salt Lake real estate to be a sound and solid investment for the long term. Any setbacks over the next weeks and months will be temporary. If real estate prices grew 200% over the last 24 years, imagine what the next 24 years will bring with the predicted steep growth curve along the Wasatch Front.
My advice to Salt Lake County sellers is to stay positive. If you have owned your home for more than two years, you are still in an advantageous position. Longtime Salt Lake homeowners should congratulate themselves on their sound investment. For buyers, the next few months offer an excellent value with interest rates near zero and some potential price reductions.
Primary Children’s Hospital is Making a Difference Today and for Tomorrow
They also lead the way in helping kids come back from spinal cord injuries as well as early diagnosis of autism. Last year alone Children’s helped over 10,000 kids right here in Salt Lake. BUT Children’s relies on Sponsorships and Donations to provide their elite level care and keep families expenses to a minimum. So, YOUR REFERRALS REALLY DO HELP THE KIDS…
Who do you know considering buying or selling a home you could refer to my real estate sales team?
Not only will they benefit from our award-winning service, you can rest assured we are also donating to a very worthy cause.
MAKING A DIFFERENCE -
In order to provide their lifesaving work and keep family medical bills to a minimum, Primary Children’s Hospital depends on Sponsorships and Donations.
So When you hear me say “YOUR REFERRALS HELP THE KIDS…” they really do!
REFER YOUR FAMILY & FRIENDS:
I want to make it easy to refer your friends, neighbors, associates or family members considering making a move, so here are your options:
1. You can go to www.HuntingtonTeamReferrals.com and enter their contact info on line or forward the link to who you know considering a move.
2. Of course you can always call me direct as well at 801-554-3743.
Over the last two decades of helping hundreds of families sell their home and/or buy another, we have met some wonderful, loving, caring people. People like you! So your referrals, those you know considering a move, that we help – you can rest assured that not only will they get the award winning service we are known for and the guarantee to back it up, but that a solid portion of the income we receive from the transaction will go toward a very worthy cause.
A real estate company with experience, proven results and a give-back philosophy!
Over the last two decades of helping hundreds of families sell their home and/or buy another, we have met some wonderful, loving, caring people.
People like you! So your referrals can rest assured that not only will they get the award-winning service we are known for and the guarantee to back it up, but that a solid portion of the income we receive will go toward a very worthy cause.
Refer your friends, neighbors, associates or family members considering making a move:
1.) You can fill out the enclosed response card with someone you know considering a move and mail back to me.
2.) You can pass along our business card to them. I have enclosed a couple here for that purpose.
3.) You can go to www.HuntingtonTeamReferrals.com and enter their contact info online or forward the link to someone you know considering a move.
4.) Of course you can always call me direct as well at 801-554-3743
Why I Support Primary Children’s
Primary Children’s Hospital does great work in helping kids fight through and survive nasty life threatening diseases like cancer, Non-Hodgkin’s lymphoma, leukemia and others.
Kids under their care are far more likely to enter remission IF they can get into Primary Children’s Hospital. BUT, the Primary Children’s Hospital survives on Sponsorships and Donations.
Your REFERRALS REALLY DO HELP THE KIDS… 801-554-3743