Salt Lake City Real Estate Podcast with Joshua Stern
32 episodes - English - Latest episode: almost 4 years ago - ★ - 1 ratingIf you are looking to buy or sell a Salt Lake City home, get all the information and the latest updates, tips, and tricks from The Stern Team - your professional Salt Lake City Real Estate Agents.
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Episodes
Is the Real Estate Market Turning Around?
August 04, 2020 13:16 VideoOur housing market is currently healthier than the majority of our nation. According to the Realtor’s Confidence Index, which gathers monthly information about real estate transactions to provide on-the-ground information, there are several indicators that point to a turnaround of the housing market. First, the buyer traffic index has improved to 50 after having dipped to a low of 30 in April. Foot traffic has a strong correlation with future contracts and home sales, so it can be ...
What Happens to Real Estate Values During a Recession is Surprising
July 07, 2020 17:47 VideoThe real estate market is on a much stronger footing which will serve it well in any future recessions. First, we should define what exactly a recession is. Simply put, a recession is a time in which the economy stops growing. Recessions are normal and inevitable and they can make home buyers or sellers understandably weary. The job market becomes less stable, lending standards can tighten, and overall consumer confidence changes. Well, what goes up, must come down…right? Or is that ...
Thinking of Selling Your Home? Join Us on June 10th!
June 02, 2020 12:56 VideoThinking of selling your home? It can be overwhelming during good times, not to mention the uncertain times we’ve experienced lately. It’s surprising how our housing market has reacted to COVID-19 over the last couple months. Join us on June 10th at 6:00 pm. This is a “virtual” webinar you can attend from your phone, computer or tablet. We want to share what we’re doing to help sell our homes in these current conditions. We will be awarding one attendee a Detailed Home Cleaning package f...
Thinking of Selling Your Home? Join Us on July 15th!
June 02, 2020 12:56 VideoThinking of selling your home? It can be overwhelming during good times, not to mention the uncertain times we’ve experienced lately. It’s surprising how our housing market has reacted to COVID-19 over the last couple months. Join us on July 15th at 6:00 pm. This is a “virtual” webinar you can attend from your phone, computer or tablet. We want to share what we’re doing to help sell our homes in these current conditions. We will be awarding one attendee a Detailed Home Cleaning package f...
The (NAR) National Association of Realtors 2019 Profile of Homebuyers
June 01, 2020 18:37 VideoThe National Association of Realtors has released their annual report of Home Buyers and Home Sellers. There’s some interesting information here that we felt was pertinent and worthy of sharing. We’ll cover this in two parts. First will be the Home Buyers. • So The first thing I noticed here was that 78% of non-home owners believe that homeownership is a good financial decision. Not only do I agree, but we can back this up with substantial data. You can google “Homeowners vs Renters ne...
The National Profile of Home Sellers
May 26, 2020 15:15 VideoThe National Association of Realtors has released their annual report of Home Buyers and Home Sellers. This is our second segment, if you missed the Home Buyer report, please visit www.SternTeam.org, there’s a lot of valuable insight. Today we’re going to cover the NAR’s 2019 profile of home sellers. • Remember that the typical home buyer was 47 years old? 2 decades older than when I first started my real estate career. Well the typical home seller was 57 years old? Now I’m starting to...
Love It or Leave It: COVID-19 Buyer Protection Plan
May 18, 2020 18:26 VideoToday we want to introduce to you The Stern Team’s Love it or Leave program, the ultimate buyer protection plan for uncertain times. Buying a home is a big decision, and one that you literally have to live with. We strive to find you the perfect home, a home that you will love for years to come. Our experience and our consumer oriented programs provide you with numerous unique systems that allow us to quickly zero in on exactly what you’re looking for and help you beat out the other bu...
How is COVID-19 Affecting the Mortgage Market?
May 10, 2020 08:00 VideoToday we want to talk about the mortgage market and how COVID is changing the mortgage landscape Today we want to talk about the mortgage market and how COVID is changing the mortgage landscape. JPMorgan Chase just announced that it has stopped accepted HELOC applications as of April 14th, 2020. Of course, they’re calling this a temporary pause. In addition to that, JPMorgan Chase is requiring 20% down payment and a 700 FICO on most of its loans. But, not all lenders are doing this. ...
What’s Happening in the Wasatch Market During COVID-19?
May 05, 2020 14:31 VideoSince Governor Herbert declared a State of Emergency for Utah in early March: • 4,195 homes became active. • 5,294have moved into under contract statuses. • 5,601 have sold. Active listings are down 22.5% year-over-year. • 8,370 beginning January 1st, 2019. • 6,493 beginning January 1st, 2020. Under contract listings are actually up about 12% over this time period last year. Buyers are more willing to buy now as they are taking advantage of 60-year lows on interest rates. If...
Is COVID -19 Going to Cause Another Housing Crash?
April 29, 2020 15:23 VideoWe hope you and your loved ones continue to stay safe and healthy. COVID-19 continues to be the topic of conversation and the dominating force in our lives. With all the volatility in the stock market and uncertainty about the length of time this may last, a lot of folks are rightfully concerned about another market crash like we had in 2008-2011, otherwise known as the Great Recession. Ali Wold, Director of Economic Research for the real estate consulting firm Meyers Research, addressed...
Learn about our “Virtual Home Buyer Program”
April 24, 2020 16:23 VideoJoin us on April 29th at 4:00 pm on Zoom where we will share the process and walk you through the virtual steps of buying a home! We realize that it’s a different sort of time, but the real estate market continues to be going strong! Serious buyers are out there and taking advantage of this opportunity to find their perfect home! We always strive to offer only the best in client experiences so we designed a program that has made this process safe and easy for our buyers. We’ve had a to...
Fannie Mae Assistance Options for Homeowners Impacted by COVID-19
April 16, 2020 18:11 VideoToday we’re going to talk about Fannie Mae assistance options for homeowners impacted by COVID-19. A recent article put together by PRNewswire stated that Fannie Mae wants to help ensure families are given options in these uncertain times in the case of job loss, a reduction in work hours, illness, or other issues. They wanted to remind those impacted by COVID-19 of available mortgage assistance and relief options. A few highlights under Fannie Mae’s guidelines for single-family mortgages:...
How can we continue to support our local economy
April 10, 2020 16:48 VideoToday we’re going to talk about the back doorway we can help our housing market Today we’re going to talk about the back doorway we can help our housing market. That’s by helping our local economy which in turn keeps our housing market healthy. With the recent COVID-19 pandemic, Salt Lake County and our neighboring counties Health Departments are prohibiting restaurants, bars, and taverns from serving their patrons in a traditional manner. This is having a major impact on the local ...
Sequestered at home? Get moving!
April 06, 2020 18:18 VideoOne of the ways I’m getting through this crazy time is first, keeping a schedule and second making sure that schedule includes an exercise routine. I’ve been working out with my trainer Steve Pizza the owner of SLC Strength and Conditioning for a number of years. I asked him what he could do to put together some great at-home workouts you wouldn’t need equipment for. You guys, he crushed it! Here’s what he’s come up with. All workouts are designed with an overarching program in mind. ...
How Will the Fed’s New Interest Rate Affect Home Mortgage Rates?
March 24, 2020 16:19 VideoWhat does the Federal Reserve cutting its target interest rate to near zero percent mean for mortgages? This is the second emergency rate cut in two weeks and brings the federal funds rate to between 0% and 0.25%. It’s designed to stimulate the economy by making it cheaper for people to borrow money for a mortgage, among other things. Together with the Fed’s move to buy at least $500 billion in US Treasuries and at least $200 billion in mortgage-backed securities, the actions signal that ...
The Stern Team Responds to COVID-19 - A message for our clients
March 19, 2020 19:52 VideoFirst and foremost we are taking the COVID-19 pandemic very seriously. We are seeing a lot of communities come together and help for those unable to do so for themselves. We love to thank each of you for pitching in. However, if you are one who is in the high risk category, you are in need of something and don’t have the support, we are here. PLEASE REACH OUT!!! We are hyper focused on finding ways to continue to deliver our services while keeping our clients safe. We are still able to...
Home Improvements You May Want to Avoid
March 12, 2020 20:39 VideoAre you thinking of putting your home on the market? Making some upgrades is a great way to boost its value and make it more sellable, but not all upgrades are created equal. In fact, some improvements won’t increase your home’s value, and today I have an article from The Balance to share with you that details six such “improvements.” You can check out the article from The Balance in its entirety here. If you have any real estate questions in the meantime, don’t hesitate to reach out to me....
An Important Message on Buying New Construction
February 27, 2020 17:12 - 10 Bytes VideoHave you thought about buying a new construction home? If so, there are five points you need to be aware of: New construction homes aren’t always listed on the MLS. Quite often, home builders have agents working as on-site salespeople in order to increase their control of the transaction while reducing total costs. New construction homes are often sold before they’re built. Builders will generally line up financing and the construction and sales process before a property is even built...
2019: A Market Year in Review
February 13, 2020 17:12 - 10 Bytes VideoHere are the numbers from the Wasatch Front in 2019: - Single-family home sales: 38,024 - Condo and townhome sales: 10,305 - Average home price: $376,000 (a 7% year-over-year increase) - Average days on market: 51 (a 16% year-over-year increase) - Absorption rate: 4 months (a 20% year-over-year increase) The law of supply and demand, which drives all economies, says that if the supply is down and the demand is up, then prices go up. We’ve had a pretty good ride in terms of home pr...
6 Things Sellers Should Always Remember to Do
February 06, 2020 17:12 - 10 Bytes VideoSelling a home can be a complicated process. As such, there are a few things that many home sellers simply forget about as they prepare their home for sale. Here are six things to keep in mind when selling your home: Focus on staging. You may already like the way your furniture is arranged, but does it appeal to buyers? Your home should be set up in a way that shows off your living areas and opens up the space. Improve your curb appeal. The outside may just be as important as what’s insid...
3 Tips to Keep Your Home Decluttered Forever
January 07, 2020 17:12 - 10 Bytes VideoWhen it comes to decluttering, Marie Kondo is all the rage right now. She’s the Japanese lifestyle celebrity who has the miraculous ability to help people declutter their homes for good. What’s her trick? Only keep the things that spark joy or keep you happy. Here are three tips based on that principle that you should follow when decluttering: First, collect all of the same things around the house (e.g. all the books), touch each object once, and ask yourself whether it sparks joy. If it...
This Is How Long a Pre-Approval Usually Lasts
November 26, 2019 00:00 VideoIf you’re hoping to buy a home, it’s smart to ponder the question, “How long does a pre-approval last?” Even after you’ve received a lender’s stamp of approval for your financing, weeks or even months could pass before you actually buy a house. Will that pre-approval you receive still be valid by then? Since lenders realize that buying a house does take time, pre-approval dates have a shelf life, but not a definite one. While the length of time varies, in general, a pre-approval is good fo...
What Sellers Must Disclose About Their Listing
November 11, 2019 00:00 VideoWhether you’ve lived in your home for a few years or a few decades, you know all about its quirks, its best features, and its flaws. When you decide to sell your home, some of this information might be necessary for you to share with buyers in the form of a seller disclosure. Including certain flaws in this document can feel uncomfortable; however, it’s best to be open and honest during the process. Failing to disclose certain issues could land you in legal trouble or, at the very least, ...
Winter Is as Good a Time as Any to Buy or Sell
November 07, 2019 17:12 - 10 Bytes VideoFor today’s topic, we’re going to discuss the benefits of buying or selling in the fall or winter. Contrary to what you might think, the passing of the summer season doesn’t necessarily equate to stagnation in the market now. There are great tax advantages to buying or selling late in the year. Buyers who close escrow before year’s end will enjoy tax write-offs that they otherwise wouldn’t receive in the new year. This can result in highly significant savings for you when tax season roll...
Why List During the Holidays?
November 04, 2019 00:00 - 10 Bytes VideoSummer is now in the rear-view mirror but despite what some believe, the end of warmer weather does not mean our market has completely cooled off. Selling your home over the holiday season is often a smart move for sellers savvy enough to take advantage. Not only is there less competition during these later months, but the buyers who are out looking also tend to be much more serious about finding the right home. And these are just a couple of benefits sellers can enjoy when listing at this ...
What All Homebuyers Must Know About New Construction Properties
November 01, 2019 00:00 VideoHave you thought about buying a new construction home? If so, there are five points you need to be aware of: 1. New construction homes aren’t always listed on the MLS. Quite often, home builders have agents working as on-site salespeople in order to increase their control of the transaction while reducing total costs. 2. New construction homes are often sold before they’re built. Builders will generally line up financing and line up the construction and sales process before a property is...
The Latest Real Estate Numbers Along the Wasatch Front
October 25, 2019 00:00 - 10 Bytes VideoWe’re back with another update on the Wasatch Front real estate market. In the third quarter of 2019, we saw a significant jump in sales. Year to date, we’re up 2.1% with over 37,700 homes sold so far in 2019. The average price for all home types is over $383,000. At the same time last year, our average price was just over $354,000. That’s an 8.2% year-over-year increase, which is great news if you’re a homeowner looking to capitalize on your equity by selling. Our average days on market ...
5 Tips for Becoming More Financially Responsible
September 30, 2019 00:00 - 10 Bytes VideoDo you want to improve your finances? Many do, but maybe you don’t know where to start. Well, promoting your own financial health all starts with measuring some basic skills. First, learn how to budget. Budgets can be boring, but they are the cornerstone of financial responsibility. They can help you no matter what the situation is, be it paying the bills, chipping away debt, saving for retirement, or buying a home. Budgeting can help you answer the dreaded question, “Where did all my mo...
3 Things to Remember When Building a New Home
September 20, 2019 00:00 - 10 Bytes VideoInventory has been shrinking recently, which has a large number of buyers building new homes, instead. When buyers do this, though, they need to ensure that they’re being well-represented. There are three reasons this is so important: 1. The on-site agent is working for the builder. The person you meet when you visit a model home may be perfectly pleasant and knowledgeable, but they aren’t there with your best interests in mind. Rather, they’re there to protect and advocate for the builde...
Should You Buy a New Home or Sell Your Old Home First?
September 09, 2019 00:00 - 10 Bytes VideoMost home sellers are also homebuyers. Because of this, the inevitable dilemma of which transaction to complete first comes up. Buying first is ideal because it allows you to take your time and there are much fewer hoops to jump through. Most people can’t afford two mortgages at once, however, so selling first is a reality for many. In either case, there are plenty of different options that will lead to a smooth process.
Who’s Responsible for Keeping a Property Show-Ready?
August 06, 2019 00:00 VideoHome sellers and their agents want their properties to remain show-ready at all times while they’re on the market; but ensuring that this is the case can be a chore—especially if said sellers have already moved out. Whose job is it to pick up the newspaper, shovel the driveway, and keep the grass trimmed? Unfortunately, it usually isn’t feasible for a seller who has already moved away to take care of these daily or weekly tasks. So whose shoulders does this home maintenance fall on? “Unt...
The Latest Q2 Stats From the Wasatch Front
July 25, 2019 00:00 VideoWhat do 2019’s second-quarter statistics say about the Wasatch Front market? Home sales are up 4% compared to last year, with over 13,000 single-family homes, townhomes, and condos being sold. Year to date, sales are down 2.5% with nearly 24,000 total homes being sold. The good news is, the average sale price for all home types has risen to $375,000. Last year during this time, it was $355,000. If you’re a homeowner looking to capitalize on your equity, you’re in fantastic shape. Year o...