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Showing posts with the label Market Insight

What Do the 2026 Election Results Mean for Utah Home Buyers and Sellers?

By Carol Sancho , Utah real estate advisor · Homes Now – Presidio Real Estate · Updated November 4, 2026 Do the November 3, 2026 election results change whether you should buy or sell a home in Utah? Not directly. Elections don't set mortgage rates; inflation, Treasury yields and global events do. What changed this week is mostly policy direction for 2027. What matters for your move right now hasn't changed: rates near 7.2%, fewer Utah homes going under contract, and a Salt Lake County property tax bill due November 30. For prepared buyers, that combination means more room to negotiate this winter. What happened on November 3 In Utah: Voters rejected Amendment B , which would have required 60% voter approval for citizen initiatives that raise taxes. The Associated Press projected the result on election night, with about 62% voting no in early returns. Amendment A , which changes how proposed constitutional amendments are published, appeared headed to pass with ab...

UAD 3.6 Appraisal Change (Nov. 2, 2026): What Utah Home Buyers and Sellers Need to Know, The New URAR Appraisal Form Means for Utah Home Buyers and Sellers: Value, Timelines, Basements and How to Prepare.

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South Jordan, Utah. Photo by Liz Lauren on Pexels (free to use under the Pexels License). By Carol Sancho, Utah Real Estate Agent & Advisor | November 2, 2026 What does the November 2, 2026 appraisal change (UAD 3.6) mean for buyers and sellers in Utah? Short answer: Starting November 2, 2026, new conventional-loan appraisals sent to Fannie Mae and Freddie Mac must use UAD 3.6 and the redesigned Uniform Residential Appraisal Report. It changes how appraisal data is reported, not how value is determined, so it will not automatically raise or lower your Utah home’s value, but accurate property details now matter more than ever. Today, November 2, 2026 , the biggest change to home appraisals in more than a decade becomes mandatory. Every new appraisal submitted to Fannie Mae and Freddie Mac’s Uniform Collateral Data Portal must now follow UAD 3.6 and use the redesigned Uniform Residential Appraisal Report (URAR) . If you are buying or selling a home in Utah w...