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Looking to buy? The time is NOW to make your move!

Written by Laura Wise

Whether you are considering a first home, a larger home for a growing family, moving into your dream home, you have just built at Kolob Ranch or perhaps buying a second home or rental property, land or water.

Two key economic factors – Mortgage rates and Home prices, have lined up in your favor. Take a look at how they are working together to give you extremely potent buying power and why you should take action now before these favorable conditions change.

Irresistible Interest Rates
When you read in the newspapers that rates are at historic lows, this is not an exaggeration. Interest rates on home loans truly are at the lowest they have been in decades. At times of slow or no economic growth, the Federal Reserve will lower the federal funds rate in hopes of making credit cheaper to all people and in turn boosting the economy. This is why home mortgage rates have remained so low. The moment the economy starts to truly grow, the Federal Reserve will start to increase the federal funds rate, and home financing loan rates will follow suit.  Right now, mortgage rates are incredibly attractive at around 4 percent.

Home Prices
In terms of home prices, they have been climbing, note the recent sales within our community.  Inventory might be starting to slip, which could see prices go higher. Using simple supply-and-demand, it’s not hard to see that with declining inventory, today’s low prices could go up in the not-too-distant future. This is just as true for today’s rock-bottom interest rates, so it’s not hard to see why savvy homebuyers are responding to the bargains. All-cash purchases of existing homes are accounting for roughly 30 percent of transactions, and investors are accounting for more than 20 percent of purchases. The investors know a good deal when they see one and today’s lending and real estate environment represents an amazing bargain indeed.

The numbers don’t lie. You will most likely never see a better buying opportunity than now. If you are considering a purchase, call me let me give you all the information to make an informed decision;

Laura Wise, associate broker, Stratum Real Estate Group, Sales manager Kolob Ranch; Member of both the Washington and Iron County MLS Boards.

What Our Customers Are Saying

Went Above and Beyond

I can’t say enough wonderful things about Alecia Jones! She was absolutely fabulous to work with. Moving is such a stressful event but Alecia made it so easy! She is extremely knowledgeable, such a hard worker and...

Brandi Teuscher
Incredibly Knowledgeable

We couldn’t have asked for a better experience when we listed our house with Alecia. She was extremely motivated, proactive, and worked hard for us. She is incredibly knowledgeable and was able to give us suggesti...

Craig & Tina Brown
Loved working with Alecia

Alecia was amazing to work with! She is very personable, efficient and knowledgeable. Alecia was very helpful in explaining the process of selling our home. She is highly responsive, always responding back in a time...

Guy & Lori Neighbors
Seamless Experience

My wife and I are very fortunate to have Alecia as our realtor. She is very knowledgeable of the local area and highly responsive to all our questions which made our home buying seamless from start to end. Not only ...

Eui & Amy Chung
Rockstar Agent!

Thanks Alecia your the best!!! Thanks for putting up with us and our sporadic behavior. No really if you guys are looking for a realtor, look no further. Alecia Jones guided us in the preparation of putting our house on the market. She waited clos...

Doug & Jana Fowler

I had the pleasure of working with Stratum Real Estate Company in Cedar City, Utah. Paige Marsh was an exceptional real estate agent. She worked diligently to work a complicated transaction to fruition, and was readily available to answer all of...


5 stars for Brad Lewis

Brad goes out of his way to find a home that fits your needs. He helps you to see the pros and cons of a home so you can make an informed decision with confidence.


Loved working with Scott Bird

This is the second time we have worked with stratum real estate and we are happy with buying homes with them. Scott bird was very helpful, always there when I texted or called. He answered all of our questions and if he didn't know the answer he f...

Breanna Whittaker
Thank you Joel!

Our experience working with Joel Hilkert was one that required a lot of patience on his end, us being fairly new to the house purchasing process and our parents being on the other side of the country meant we needed a little bit of extra help. He ...

Casey & Brandi Lavoie

Alecia Jones just sold our house for us. She explained the whole process to us very clear and she was so on top of everything. We got what we wanted out of our house plus some. Her assistant Christal is wonderful to work with as well. As a team th...

Tammi Poulos

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