SCOTT IN THE NEWS

Interviews and Press


Utah home values remain high as inventory increases, market cools

 

"Now is a good time and opportunity for buyers where they can actually look at a house, think about it, process it and make a good, honest and wise decision about it."

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Mortgage rates rise above 4% for the first time since 2019

 

(CNN) — Mortgage rates climbed past 4% for the first time since May 2019. The 30-year fixed-rate mortgage averaged 4.16% in the week ending March 17, up from 3.85% the week before, according to Freddie Mac.

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‘Buyers are pulling back’ — Homes sales drop in early 2019 along the Wasatch Front as prices continue to climb

 

“I’m not scared at all,” said Robbins, who is a real estate agent with Summit Sotheby’s International Realty. "The bubble is not bursting. If you have a good listing, it is gone within a week, still with multiple offers"

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Utah’s homes prices have spiked and sales have slowed along the Wasatch Front. Check out the real estate market in your ZIP code.

 

“While new listings are on the rise, overall inventory levels are not keeping up with homebuyer demand,” Scott Robbins, president of the Salt Lake Board of Realtors and a Draper-based agent with Sotheby’s International Realty, said in a statement.

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Why $1 million-plus Utah cribs are selling like hotcakes

 

“Wealthy transplants from California and New York are fueling million-dollar home sales,” Robbins said in a statement. “Nearly 3 of every 4 homes sold above $1 million were priced from $1 million to $1.5 million.”

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Home prices in Salt Lake County reach an all-time high.

 

Board of Realtors President Scott Robbins said Monday that the five-county region’s housing markets continue to face pressure due to a relatively low number of homes available for sale even as demand remains high.

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Michael Jordan is selling his Park City home for $7.5 million

 

However, Robbins noted, that "It remains somewhat of a challenge to sell a home above $1.5 million, even in today’s strong economy.”

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So you’re ready to go house hunting? Here’s your guide (hint: It won’t be easy).

 

"I tell buyers the truth: It's pretty brutal out there...". Robbins and others say buyers need to prequalify for a mortgage before they even start looking.

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Salt Lake Board of Realtors Podcast

 

Providing member agents with news, tips, interviews and other content to help them improve their profession.

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Salt Lake Realtor - November 2019

 

Rising Home Prices and Climbing Incomes Fuel Our Market

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Salt Lake Realtor - February 2022

 

Exceptional Sales Associates

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Salt Lake's real estate market predictions

 

Sellers will get most active in the busy springtime market, predicts Scott Robbins, associate broker at Summit Sotheby's International Realty. "We are still in an inventory crunch and typically in the spring we have more inventory come on," Robbins tells Axios.

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