Utah Realtor - Brett & Lisee Ruffner

📈A recession does not equal a housing crisis.📈
Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value.🏠



https://conta.cc/3N75FRj

The One Thing Every Homeowner Needs To Know About a Recession - Bre... A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look

The One Thing Every Homeowner Needs To Know About a Recession - The... A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look

The count is in. A recent Gallup poll just confirmed that Americans choose real estate as the best long-term investment!
With another strong appreciation year forecasted for 2022, now is a great time to build your real estate portfolio. Give us a call today to talk with one of our specialists about available real estate!

https://www.thefieldsteam.com/blog/expert-insights-on-the-2022-housing-market/

Expert Insights on the 2022 Housing Market | Utah Real Estate | The Fields Team As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 202...

Only 9 days until 2022 - can you believe it?!

*Wasatch Front Utah Market Update 12/22/21*

Often this time of year during the holidays and the beginning of each year, it is very common for our past clients and home owners in general to finally have a chance to breath and talk with their spouse/partner, and to discuss goals and plans for the next year. This often includes real estate, equity, home values, refinancing, looking to remove mortgage insurance, opening up a home equity line of credit or considering moving or upgrading or buying an investment property, etc.

Three of the most frequent questions I get asked over the holidays and into a new year are:

1) How's the market?
2) What's the market going to do next year?
3) What do you think my home is worth?

Although the final stats for 2021 aren't out yet, I am going to do my best to answer these questions now.

2021 was a breakout year for Utah which has really put us on the map with a 26% average housing appreciation along the Wasatch Front! Outside of Austin, Texas, the Wasatch Front in Utah (and likely Boise, ID) has arguably the highest appreciation larger market in the US and Utah and Idaho as whole states had the highest appreciation gains in 2021!

This incredible run in 2021 is after 8 years of already impressive Appreciation along the Wasatch Front (Utah, Salt Lake, Davis and Weber Counties):
- 13.2% in 2013
- 4.3% in 2014
- 6.4% in 2015
- 7.7% in 2016
- 7.1% in 2017
- 13.0% in 2018
- 8.5% in 2019
- 14.9% in 2020
- 26.0% in 2021 (so far)

This is 76% average appreciation in just 4 years, since December of 2017! To put this in perspective, if you bought a property for $300,000 in the 4th Quarter of 2017, it is likely worth between $525,000 to $550,000, an incredible gain in equity of $225,000 to $250,000 just in appreciation!

Even crazier is the 135% appreciation since early 2013, and for those who bought a property in early 2013 for $300,000, that property is likely worth $700,000 to $725,000 or so!

So lets now answer those 3 questions:

1) How's the market? We currently have less than .5 months of Active Inventory, most properties listed for a reasonable price and a good Realtor/Team are receiving multiple offers and going under contract within 5-10 days, and most are selling for new all time highs, which is unusual to have happen in December (except for last December, and we know what happened through the rest of 2020...)

2) What's the market going to do next year? We still have a major housing shortage in Utah, the economy is as strong as ever. The trend of high buyer demand and lower inventory/supplies looks like it will continue through 2022. Out-of-state buyers relocating to Utah, few people leaving the state, generational money, tech/stock/crypto, favorable environment for businesses, low cost of living (outside of housing and comparable to other major markets), the political landscape and COVID response are all driving this record high Buyer demand. It is expected that we will see another 8-15% of appreciation in 2022!

3) What do you think my home is worth? I am more than happy to do a custom value estimate for you. Just shoot me a DM or text on here or my cell, or email me at [email protected] with your property address, situation, details on your property that I may not be able to find from the previous listing or county records, any recent work or major changes, etc. and I will have a value estimate back to you within 3-5 business days.

I am here to help so don't hesitate to reach out!

Have a wonderful holiday season and hope to see or hear from you soon!

Realtor.com has named SLC #1 on its list of top housing markets for 2022: https://news.move.com/2021-12-07-Realtor-com-R-Forecasts-the-Top-Housing-Markets-of-2022

If you want to buy a home, don’t let the headlines about affordability discourage you. You might not get the deal your friend got last year, but you will get a better deal than your parents did 20 years ago and your grandparents did 40 years ago.

https://brettandlisee.thefieldsteam.com/blog/are-houses-less-affordable-than-they-were-in-past-decades/

Are Houses Less Affordable Than They Were in Past Decades? | Utah Real Estate | The Fields Team There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago.

Curious about what selling your home could look like for you? Check out our blog post linked below⬇️

https://www.thefieldsteam.com/blog/sellers-have-incredible-leverage-in-todays-market/?fbclid=IwAR2I3ygNtUdHP4znIYjpGc_k12UQ4nRbVNyonfy1TDpHmahxH5daoFKhPMI

Sellers Have Incredible Leverage in Today’s Market | Utah Real Estate | The Fields Team With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying: “Housing demand remains strong as buy...

Home Sales About To Surge? We May See a Winter Like Never Before. | Utah Real Estate | The Fields Team Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year.

We are so excited to announce Brett and Lisee Ruffner as The Fields Team's newest realtors!

Utah Realtor - Brett & Lisee Ruffner updated their website address.

I just wanted to remind everybody how valuable your home is. If you are not a homeowner yet, lets find you a house so you can start growing your wealth. For those who are homeowners, how long have you owned your house? How many homes have you owned? Do you know how much the value of your house has gone up over the years?

Great lot in premier subdivision in Salem. CC&R's with architectural committee to protect your investment. Custom house plans are engineered and ready to be submitted to the city for a permit. Plans designed to take advantage of the mountain and valley views. Because of the slight downward slope to the North there will be no window wells and you will have a daylight/walkout basement with amazing views of the valley and lake. Bring your own builder or use ours. Design your own plans our use ours. Engineered plans are included in the price of the lot.

$284,900 | 522 E Harvest Ridge Dr Salem UT 84653 Great lot in the best subdivision in Salem. CC&R's with architectural committee to protect your investment. Custom house plans are engineered and ready to be submitted to the city for a permit. Plans designed to take advantage of the mountain and valley views. Because of the slight downward slope to...

Hey, landlords – Want to stop managing 📃leases📃 and start maximizing 💲profits💲?

With average offer prices at an all-time high, you may find that selling your property now is worth more than your monthly revenue in the long run!

Send me a DM if you’d like to learn more about the trends in your area.

❗ Calling all empty nesters and active retirees ❗
It’s time to turn that extra square footage 📏 into extra income 💰! Downsizing during a market like this could be an opportunity to maximize the sale of your property.

Shoot me a DM if you’re interested in a FREE estimate!

Keys to Winning a Bidding War:

🔑 Narrow your search
🔑 Know your highest offer
🔑 Be patient, persistent, AND prepared
🔑 Stay optimistic
🔑 Find a battle-tested agent

Send me a DM if you’re looking for a real estate expert who knows how to put your offer on top.

Today’s mortgage rates are so small, you might need a 🔎 magnifying glass 🔍 to see them.
Whether you’re looking to buy or refinance, current mortgage rates are saving buyers and homeowners thousands of dollars! And, through my exclusive Keller Mortgage access, I can help you see how much money you can save.

Send me a DM if you’re interested in seeing how low your mortgage can go!

Oh look, it’s your dream home! 🏡
Oh no, 💨 it’s gone!
Oh darn. 😥
If that story sounds familiar, send me a DM and I’ll work day 🌞 and night 🌛 to make sure promising properties stop passing you by.

December 2020 Market Statistics:

Utah home prices increased 10.66 percent in the third quarter compared with the same period in 2019, according to a new federal report. Utah’s increase is the fourth highest among all states. Idaho, Arizona, and Washington were the top three states. Nationally, home prices increased 7.81 percent in the third quarter. Over the past five years, Utah home prices have climbed 56.53 percent.

For those waiting for the next downturn to buy a new house 🏠 don't wait any longer. There is no downturn in sight! The graph below shows the number of homes sold (black) vs. homes listed for sale (green) in Utah county from 2005 to 2020. It also shows the median sales price (blue). Look at how many more homes were listed for sale than sold homes in 2007 before the crash 😬. There was way too much inventory. Now look at the data from 2020. We don't have enough inventory. The sold vs. listed are almost identical to each other and the median sale price keeps climbing. If your home is priced right 💵 you will receive multiple offers within days of listing your property because of the high demand in homes for sale. Call us today for a free consultation.

Looking for an opportunity to give this Christmas season? Click on the link to learn about “Christmas Box House" and to donate to help these kids get new beds and other needed items.

https://kwwcares.org/the-children-were-nestled-all-snug-in-their-beds-a-christmas-charity-opportunity/?fbclid=IwAR0ey6SJykxXxfby92JN7WTuJBt4aIhUsYPJic_z8PXlnZlrvWrYHt2krL8

“The Children Were Nestled All Snug In Their Beds!” – A Christmas Charity Opportunity! – KW Westfield Cares This Christmas KW Westfield Keller Williams has partnered with “Christmas Box House.” Christmas Box House is a home that children live in when waiting to be placed in a foster family. These children have been taken from their parents due to abuse, unstable environments, parents being incarcerate...

This is a cautionary post on why not to use discount brokerages when selling your house. This house in Springville was listed 3 days ago and caught my eye because It is listed over $100K more than its worth 😱. This brokerage is doing a huge disservice to the seller for many reasons. 1st reason is they will most likely not get any offers. 2nd reason is the house will not appraise and lenders will not lend on more than appraised value. When listing a home it is wise to list at or slightly below market value. This will create a multiple offer situation and your house will sell well above asking price to net you the most money and you will have plenty of backup offers. Give me a call and I call tell you more and we can figure out what your house is worth 😀.
https://www.utahrealestate.com/1713116

$549,900 | 763 W 600 S Springville UT 84664 Custom built home in a great location in Springville. The outside walls are 2x6 boards, which means thicker insulation. Custom built cabinets in kitchen, bathrooms and large laundry room. Water softener. Extra large pantry. Plantation shutters throughout home. Gas fireplace located in family room. I...

Tis the season of giving back! 🤝🧡❤️

This Fall, we have partnered with “For the Kids Foundation” to provide Thanksgiving Dinner for 600 families in Utah with food insecurities by committing to provide each family a turkey. This year has been devastating for so many, and these families were in need of help prior to the COVID pandemic and have now been left in even more stressful situations to make ends meet and to feed their families. 💪

Please DM me directly or comment below if you'd like to contribute! Every monetary amount or turkey donation can go a long way.

Ready to build your dream home in American Fork? Check out my new listing. Use our plans or customize your plans with our award winning architect. My good friend and custom home builder Benjamin Isom who built an amazing home in Alpine for the 2020 home show can build you an amazing house.
https://ruffnerhomesutah.kw.com/property/LST-6730252107352313860-0

Can someone tell me what's wrong with this model home that just sold in American Fork? It is a beautiful house but something about it looks so funny. 😂

While I am doing my daily market analysis and home searches I love it when I see new listings that are fun and unique and that I can't afford😀. Its good to dream because it gives me motivation to work hard. Check out this house near Sundance ski resort ⛷ for 11 Million 💰 with a cool model train built in. For those who do have a lot of money, let me help you buy this home.
Click on the link to see all of the pictures.
👉 https://ruffnerhomesutah.kw.com/property/LST-6719425657342222338-7

If you liked the house I posted about yesterday for 48 Million 💵 then you will love this one in Hobble Creek Canyon for less than half the price. Only 22 Million 💵 for 49,000 square feet. Check out the indoor pool 🏊‍♀️ and basketball court 🏀. It also has a bowling alley 🎳. Click the Link to see more pictures

https://ruffnerhomesutah.kw.com/property/LST-6666447247403048963-7

Does anybody have💰 48 million 💵 to spend? While doing my daily real estate searches to check out new listings I came across this property in Hobble Creek Canyon. Over 17,000 square feet with an elevator and 3387 acres.

https://www.utahrealestate.com/1705040

$48,000,000 | 533 N Left Fork Hobble Creek Cyn Springville UT 84663 Hobble Creek Ranch is one of the most magnificent properties in the American West. It offers a truly unique proposition-a stunning estate home with a backyard playground extending over 3,387 acres (over 4.5 miles wide) of spectacular recreational lands. The property has substantial water rights with...