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My UT Real Estate Group with All American Realty Blog

Wednesday, July 8, 2020   /   by Elissa Tran

At-Home Family Night Activities

During the past couple of months, families have been asked to stay at home. It can be challenging to keep everyone entertained when we aren’t able to go out of the house except to work in essential jobs, enjoy fresh air, and get groceries. Luckily, there are plenty of fun activities that the entire family can do together at home. Here are a few to inspire your own family to make lasting memories while spending quality time together at home.

1. Movie Night—This is a simple activity that everyone will enjoy. Every time you have a movie night, let a different family member pick their favorite. That way, everyone will have a turn choosing something to watch in the coming weeks. Better yet, consider a movie marathon over the weekend and allow each family member to choose one leg of the marathon. Don’t forget to bring popcorn and treats. In fact, make it part of the activity and make a delicious treat as a family to share during the movie.

2. Homemade Pizza&mdas ...

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Wednesday, July 8, 2020   /   by Elissa Tran

Housing Market & COVID-19 - June 2020

As we have seen the state shut down and ro-open the past few months we are seeing an increase in COVID-19 cases here in Utah. Let's take a look at what we are seeing in the Salt Lake County market and how homes sales are being impacted. 
 
Here is some data to show what we are seeing. The following reports show you where we were last year and where we are this year. 
 

Active


When we review from the beginning of March (start of the pandemic shutdown here in Utah) you see a steady increase in active listings until the middle of April, then you see that number head downward. You can see compared to last year, that downward trend cut our active listings by almost half this same time last year.  


 

Under Contract


You can see in early March we were following the same trend as the previous year with slightly less under contracts but headed toward the same trend. You see when we went into mandatory quarantine under contracts t ...

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  covid-19

Wednesday, July 8, 2020   /   by Elissa Tran

Summer Home Maintenance Checklist

Get your house set for summer with a mix of maintenance musts and breezy room refreshes.



Get a jump-start by prepping your home and garden for warm weather, setting up the perfect drip-dry spot for beach towels, reorganizing the kitchen (hello, smoothie bar), and more. These 15 to-dos cover all the bases, so you can enjoy your month to the fullest.

1. Keep an eye on irrigation systems. A faulty sprinkler or irrigation hose that goes unnoticed can quickly cause big problems for your lawn and garden. Make a habit of checking each component once a week, especially in summer.
2. Install screen doors. If you use them, now is the time to take down the storm doors and put up screen doors to let the summer breezes pour in. Be sure to inspect screens carefully, patching holes as needed – even a tiny hole can be enough to let in a mosquito.

3. Reorganize your kitchen. The change in seasons is a good time to rethink how you have things arranged in the kitchen. I ...

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Monday, July 6, 2020   /   by Elissa Tran

Latest Unemployment Report: Great News…for the Most Part

Latest Unemployment Report: Great News…for the Most Part





The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent news as the unemployment rate fell for the second consecutive month. However, there’s still a long way to go before the economy fully recovers as 17.8 million Americans remain unemployed.


Here are two interesting insights on the report:


What about a supposed misclassification?


The BLS addressed this at length in a blog post last week, and concluded by saying:




“Regardless of the assumptions we might make about misclassification, the trend in the unemployment rate over the period in question is the same; the ra ...

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Monday, June 22, 2020   /   by Elissa Tran

Homebuyers Are in the Mood to Buy Today

Homebuyers Are in the Mood to Buy Today


According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well.
There’s a very positive outlook on interest rates going forward, as the projections from the FreddieMac report indicate continued lows into 2021:

“Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.”

 With mortgage rates hovering at such compelling places, ongoing buyer interest is bound to keep driving the housing market forward. Rates also reached another record low last week, so homebuyers are in what FreddieMac is identifying as the buy ...

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My UT Real Estate Group with All American Realty
Staci Powell
3297 W Provost Cir
South Jordan, UT 84096
801-913-2463

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of July 10, 2020. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2020 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Conspicuous display of the following: Information deemed reliable but not guaranteed accurate. Buyer to verify all information.