Mindblown: a blog about philosophy.

The avg homeowner pays $2,936 each month towards their mortgage in Utah. To qualify for this payment, a 20% down payment on a $511,137 home is typical.

After the harsh winter, many homeowners are planning spring maintenance. An expert warns about hidden dangers during this season and shares signs of home damage to watch out for. These include water stains, musty odours, sagging floors, pest activity, foundation issues, gutter problems, and fluctuating utility bills. Continue to full article

Housing market in 2023 faced highs and lows, with affordability challenges due to high mortgage rates and inflation.There is optimism for 2024 as mortgage rates and inflation show signs of easing, sparking hope for a rebound in demand.

AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand.

A Salt Lake City resident with a large backyard is considering buying the neighboring property to create affordable housing units. They aim to build community, address housing issues, and make a profit. The new zoning laws allow up to 4 units per lot, with affordable housing requirements. The resident plans to remodel their house, add…

Understand the full cost of a mortgage including down payment, interest rates, paying points, PMI, and closing costs. Ensure you have enough cash for a down payment and closing costs, considering special mortgage programs or rolling costs into the mortgage.

Mortgage rates have been rising, impacting homebuyers and sellers. The Federal Reserve's tight monetary policy has led to higher borrowing costs. Experts believe the election won't affect rates significantly. Homebuyers should focus on long-term goals and be prepared for potential rate fluctuations. Continue to full article

St. George: – Price change: ↓ 1.7% yearly – Median home price: $541,600

Salt Lake City is allocating a record $17.7 million for 14 new affordable housing projects, creating over 1,500 units, including family-friendly layouts. The projects will have units set aside for low-income individuals and families, with a focus on larger residences. This funding marks a significant commitment to addressing housing affordability in the city. Continue to…

Recent inflation at 3.1%, down from 9% in 2022 but still above target. Experts foresee a modest drop in mortgage rates, around mid-6s for 30-year fixed-rate.