Homes for Sale in Utah — Where is Pricing and Where is it Going?
What Utahns that are looking to purchase a new home in the near future should consider when it comes to pricing and how far you can stretch your dollar now versus later down the road.
SALT LAKE CITY, Utah – Ivory Homes continues to be optimistic about the direction of the economy and the housing market. Their positive energy is paying off too, with their home sales increasing. They know that homes for sale in Utah are still priced low, making it an opportune time for buyers to act. But this window of opportunity won’t last forever.
Larry Mitchell, one of Ivory’s top Sales Consultants, says, “I have been in this business over 16 years and NEVER have I seen a better time to invest in a brand new Ivory Home! The current buying power prospective home buyers have before them is unprecedented and should be taken advantage of. With interest rates still at historic lows (with nowhere to go but up), prices that are also great but rising, inventory down 60% from last year and sales up 20%, it begs the question: "just what are people waiting for?”
Every day Mitchell reminds buyers of the huge impact increasing interest rates will have on the kind of house they can afford. He says, “For every 1% increase in interest rates, you’ll lose about 10% of the current purchase price in lost buying power. Couple this with the projected 5% price increase for 2013 and you have a real ‘no brainer’. Those who continue to delay their decision to buy will soon be looking in the rearview mirror saying ‘I could’ve, I should’ve.’”
Ivory Homes has been Utah’s number one home builder for 25 consecutive years. For more information, contact Ivory Homes’ corporate office at 978 Woodoak Lane, Salt Lake City, UT 84117, call 801-747-7000, visit the website at www.ivoryhomes.com or check out the YouTube channel at www.youtube.com/ivoryhomes.
- Contact Information
- Jim Dunford
- Marketing Director
- Ivory Homes
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