Utah REALTORS® News
Be on the lookout for vacant land scam
Take extra precautions to verify seller owns vacant land
December 7, 2022
Dec. 7, 2022 The Utah Department of Commerce issued a press release today warning about a scam related to vacant lots and land parcels. Fraudsters are using public records to find vacant lots and then posing as sellers to list the property either on …
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Important lead-based paint update for property managers
EPA rule change requires certification for all lead-based paint activities
December 6, 2022
https://utahrealtors.com/legal-library/epas-lead-renovation-repair-and-painting-program/
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Realtors help families displaced by affordable housing fire in Richfield
More than $10,000 donated to fire victims
December 1, 2022
https://utahrealtors.com/uar/newsroom/press-release/realtors-to-help-families-displaced-by-affordable-housing-fire-in-richfield/
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Buyers experience greater negotiating power as home sales fall 25%
October 26, 2022
Oct. 26, 2022 The rapid rise in mortgage rates created a less competitive housing market in September as affordability challenges kept would-be buyers on the sidelines. However, those buyers who remained in the market experienced much-improved housin …
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How have investors impacted Utah’s housing shortage?
June 30, 2022
June 30, 2022 Several recent news stories have talked about the impact of real estate investors on the housing market. Of particular interest are findings from Harvard’s “The State of the Nation’s Housing 2022” report, which show growth in investor p …
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May housing inventory up nearly 60%
June 16, 2022
June 16, 2022 Utah home buyers are beginning to see more housing choices as higher interest rates calm the market from the red-hot levels seen over the past two years. That’s according to the Utah Association of Realtors’ May 2022 Monthly Market Indi …
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Moab REALTORS® help mobile home fire victims
Realtors’ charity gives $4,500 to six families displaced by June 5 fire
June 13, 2022
REALTORS®’ charity gives $4,500 to six families displaced by June 5 fire June 13, 2022 MOAB — Local REALTORS® gave $750 to each of six families who had their homes damaged or destroyed in the June 5 fire at the Pack Creek Mobile Home Park in Moab. Da …
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Salt Lake is 12th highest metro for 10-year housing wealth
June 9, 2022
June 9, 2022 Over the past 10 years, a typical Salt Lake homeowner has gained more than $421,000 in housing wealth through a combination of home price increases and paying down their mortgage. That’s the 12th highest gain in the country with $388,500 …
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Utah home buyers seeing more choices as housing inventory rises
June 2, 2022
June 2, 2022 Utah home buyers had more choices in April as year-over-year housing inventory rose for only the second time since 2019. That’s according to April numbers from the Utah Association of Realtors that show the effect of rising mortgage rate …
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Important changes to the Seller’s Property Condition Disclosure form
Form updated to be more user-friendly
May 13, 2022
For the past eight months, the UAR Forms Committee has been working on the Seller’s Property Condition Disclosure Form. Along with updating the content of the form, the Committee has reformatted the entire form to make it much more user-friendly for …
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How will higher interest rates impact the housing market?
May 12, 2022
May 12, 2022 As the Federal Reserve works to tackle elevated inflation through higher interest rates, would-be homebuyers will likely feel the strain of more expensive borrowing costs. Meanwhile, the housing market is likely to return to more normal …
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Utah home prices hit new record even as rates rise
April 21, 2022
April 21, 2022 Even with sharp increases in mortgage rates, Utah home prices keep going up as properties continue to sell at a rapid pace. In fact, the median price of Utah homes sold set a record in March, hitting a median of $525,000 for the first …
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Study says April is the best time to list a home
April 7, 2022
April 7, 2022 If you’re thinking about selling your home, now may be the perfect time. In fact, a new study says the ideal time to list a home is only a few days away. The week of April 10-16 will be the best time to list a home in 2022, says Realtor …
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Utah median sales price tops $500,000 in February
March 17, 2022
March 17, 2022 Record-low housing inventory has pushed Utah home prices to a new high. That’s according to the latest housing report from the Utah Association of Realtors, which examines market conditions as of February 2022. The statewide median sal …
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New report compares Utah’s housing market to neighboring states
March 16, 2022
March 16, 2022 An economic report studies housing market indicators in Utah and neighboring states including Arizona, Colorado, New Mexico and Wyoming. The Utah Association of Realtors commissioned the report, which was written by Dejan Eskic, senior …
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Updates to the Short-term Lease-back Addendum
See the latest updates to the form
March 15, 2022
The Forms Committee recently updated the following sections of the UAR’s Short-term Lease-back Addendum: SECTION 3: This is the utilities section. We added checkboxes to allow for negotiation of utilities between the Buyer and Seller, but also made i …
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REALTOR Day at the Legislature
Register now for virtual event on Feb. 4
January 21, 2022
Friday, Feb. 4, 2022 8-10 a.m. Virtual 2 core real estate C.E. credits Free Register now
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MLS Policy Changes
Learn about the six changes that provide openness with consumers and consistent service to participants
January 10, 2022
The National Association of REALTORS® Board of Directors approved six recommendations from the Multiple Listing Issues and Policies Committee. Learn about the changes here.
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New and updated forms
UAR has created two new forms and updated two others
December 9, 2021
Dec. 9, 2021 The Forms Committee has made the following updates to the UAR’s forms library: NEW: Blank Addendum to the New Construction REPC: This form is a blank addendum that allows the parties to the New Construction REPC to make contractual modif …
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SLC listed as No. 1 housing market
Realtor.com forecasts SLC will have 8.5% price growth
December 7, 2021
Dec. 7, 2021 The hot housing market in Salt Lake City is expected to continue next year. That’s according to the Realtor.com 2022 Housing Forecast that ranks SLC as the nation’s top housing market for 2022. Realtor.com expects SLC to lead the nation …
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New Utah home loan limits
See the new limits for each county for conventional and FHA loans
December 2, 2021
Dec. 2, 2021 A change to 2022 home loan limits will go a long way in helping home buyers who are dealing with the price increases of the past year. The Federal Housing Finance Agency (FHFA) announced Tuesday that the cap for conventional loans will i …
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Realtor.com Apples to Oranges Webinar
Register for July 27 "Apples to Oranges" webinar
July 21, 2021
Join us for a special Realtor.com webinar hosted specifically for Utah REALTORS®. Tune in on Tuesday, July 27 at 11 a.m. to learn how Realtor.com is working to keep REALTORS® at the heart of the homebuyer and seller journey. Learn how you can become …
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March sets records for sales, prices, inventory
Utah median sales price hits record of $405,000
April 23, 2021
April 22, 2021 The temperature of an already hot housing market has gone up even more this spring as home sales increase, prices rise and buyers compete for a limited number of properties for sale. March data from the Utah Association of Realtors (UA …
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SLC listed as top 10 market for commercial real estate
Report credits job growth and low unemployment
March 11, 2021
Thursday, March 11, 2021 After a year of staying home, it’s no surprise that commercial real estate markets have felt the impact. This year’s outlook, however, depends on the type of real estate and the location. That’s according to the National Asso …
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Home builders release new priced out study
Nearly 1,500 Utah buyers priced out for every $1,000 increase in price
March 4, 2021
Even small increases in the cost of a home can prevent hundreds of people from achieving homeownership. That’s according to a new study from the National Association of Home Builders (NAHB). In Utah, for example, a $1,000 increase in the statewide me …
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Register for Women in Politics event
Virtual event to be held March 3 from 4-5 p.m.
March 4, 2021
The Utah Association of REALTORS® and Utah Women’s Council of REALTORS® are thrilled to invite you to join us in celebrating all the amazing Utah women in real estate and politics for International Women’s Day. Join us for a virtual happy hour to hea …
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UAR releases four new forms
Forms to help with appraisals, commissions, referrals and FSBOs
March 4, 2021
Appraisal Addendum to the REPC – This widely requested new form allows a buyer to pay a specified dollar amount above the appraised value of the property without modifying the REPC purchase price. This is a great way for buyers to strengthen their of …
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Division of Real Estate reminds agents to avoid late fees
Avoid renewal late fees by making sure CE is banked by the 15th
January 6, 2021
The Utah Division of Real Estate wants to encourage agents to avoid late fees with license renewals. To avoid late fees, make sure your continuing education credit is complete and banked by the education provider by the 15th of the month. Also make s …
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Home builder is matching real estate industry donations to the Utah Food Bank
Real estate industry challenged to help fight hunger
January 6, 2021
The real estate industry has been challenged to help fight hunger this holiday season. Thanks to the generosity of a local home builder, donations to the Utah Food Bank from the real estate industry will be matched up to $200,000. With this match, th …
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