The current rental market is pricing people out who are ending up on the streets. Downtown Salt Lake City homeless camp at 700 West 200 South: Kevin and Brooke are trying to stay hydrated and cool despite the 105-degree record-breaking heat. Both were gainfully employed when they found themselves priced out of the housing market, unable to get into affordable … [Read more...]
Inside the Mind of One of Utah’s Most Successful Real Estate Investors
Those TV shows make it look so easy. Buy an old house, make some renovations, and sell it for a pile of money! But in the real world, investing in real estate is a speculative venture that requires a thorough knowledge of the housing market, access to capital (known as hard money), and a willingness to take a calculated risk. Real estate investors, known in the industry as … [Read more...]
The Big House Flip: Buying Low and Selling High in Salt Lake
Everyone knows that Salt Lake’s housing market is hotter than a two-dollar pistol. Home values have gone up 24.7% over the past year, with median home prices hovering around $485,000. Even so, buyers are lined up to purchase homes while interest rates are low — even if it means overpaying for a home — which many people are willing to do. In fact, more than 55% of … [Read more...]