Real Estate Blog - The Kennedy Group News And Events



We are proud to celebrate a major achievement within our team. Dan, Sally, and Tana have been recognized as Top 250 REALTORS® for 2025 at UCAR’s Annual Celebration of Awesomeness, an honor that highlights some of the top-performing and most respected real estate professionals in Utah.

This recognition reflects more than strong sales numbers. Being named among the Top of UCAR represents consistent performance, deep market knowledge, and a continued commitment to serving clients with integrity and care. It is a testament to the relationships they build, the guidance they provide, and the extra effort they bring to every transaction.

Their work has made a meaningful impact across Utah County and Salt Lake County, helping buyers and sellers…

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Mortgage rates might feel intimidating, but waiting for the “perfect” drop could end up costing you more later.

Here’s why:
Once rates dip into the 5-point-something “sweet spot,” thousands of buyers will jump back in—driving prices higher and reducing your buying power. And the difference between today’s average rate (around 6.2%) and 5.99% on a $400,000 loan is only about $50 a month—less than many people spend on coffee or takeout.

The upside:
Right now, you have more homes to choose from, stronger negotiation power, and less competition. Acting before the next buyer surge could help you secure a better deal overall.

If today’s rates make you pause, remember—waiting could cost you. Once rates fall below 6%, more buyers and higher prices…

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Two reasons this spring might finally be your time to buy:

1. More Homes, More Options

The number of homes for sale last month reached its highest level in five years—27.5% higher than last year. Experts expect this trend to continue, making it easier to find a home that fits your needs.

 

2. Sellers Are Cutting Prices

With more competition, some homes are staying on the market longer, pushing sellers to lower their prices. The number of price reductions is rising, bringing pricing closer to pre-pandemic levels.

This shift gives you stronger negotiating power—whether on price, closing costs, or repairs. While not every seller will adjust their price, many are more open to negotiations, giving you more control in the buying…

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Over the past five years, home values have steadily grown—some areas seeing much higher gains than usual. 


Nationally, prices are up nearly 60% since 2019. ​And if selling has been on your mind, you can use that bigger-than-expected return to power your next move. 

Whether you’re looking to upgrade, downsize, or relocate, the equity in your home could give you more options than you thought.

 

✔️ Get an instant estimate using our Comparative Market Analysis (CMA) tool
✔️ See how your home compares to recent local sales
✔️ Understand the potential value of your home in today’s market


                               Scan the QR code to access our free CMA tool instantly!

 

But while a CMA is a great starting point,

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The spring selling season is the 
busiest time in real estate,
and now is the time to prepare! 

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Check Your Credit: Credit repair can take as little as three months. Paying down credit card balances under 30% utilization (10% is even better!) and keeping accounts open can improve your score.
Build Credit Wisely: If you don’t have credit yet, consider opening a card with a major bank – but avoid retail or gas cards, which lenders may not view as favorably.
Know Your Leverage: Higher mortgage rates mean more negotiating power for buyers. Price cuts are happening, and motivated sellers are making deals! 

 

 

 

Price Strategically: With buyers gaining more negotiating power, setting the right…

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Larson Farms

Beautifully maintained home in a convenient Lehi location! Quick access to I-15, Pioneer Crossing and Redwood Road. Incredibly light, with ample space and storage. You'll love the gathering areas, clean neutral design, and the family bonus room over the garage! Current garage workshop is a salon, with a separate entrance. Excluded items listed above, and ALL salon equipment including salon sink, chair, hair dryer and window mounted air conditioning unit.

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**OPEN HOUSE**

This gorgeous home has been completely remodeled. Tons of square footage for the price in beautiful maintenance free Somerset Village. Tastefully appointed, this home is sure to please buyers. Fantastic location within the community close to the park. Priced just right for a quick sale. Call listing agent today to arrange a showing.

 

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OPEN HOUSE EVERYDAY, Text for available times.

(Due to Covid-19, precautions in place to ensure social distancing) 

Fully updated home in the heart of Draper. Meticulously cared for home and yard. New flooring throughout and brand new Anderson windows with lifetime warranty. New air conditioner and furnace and all new appliances. Updated electrical. Fully fenced yard with RV parking and power to the shed. Perfect deck and yard for entertaining! Close to shopping and trails. Text Ty, 801.420.0401 for open house times. Click HERE for more info and to view ALL listings on the MLS.

*12556 S Clover Dr Draper, UT*

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 A lot of people are wondering how the coronavirus situation is impacting the real estate market and their home values. Utah and Salt Lake counties saw a 26% decrease in homes sold this past week over the previous week. This is likely due the fact that all the shutdowns associated with Covid-19 happened 35 days ago in the 2nd week of March. The world was in a panic and very few deals got put together during that period. New listings are steady and so are the number of deals going under contract, although both these figures are well below where they should be.

What does all this mean? It means that if you're a buyer, the timing couldn't be any better to get out there and snag a deal. The pendulum is shifting away from white hot seller's market. Now…

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JUST LISTED BY THE KENNEDY GROUP

This gorgeous home is fully remodeled. New electrical, plumbing, HVAC, new roof. It's beautifully done and so hard to find a nice house in great condition in this price range. The home sits on nearly a half acre with a ton of space in the back yard. The detached garage/shop area is a nice bonus. Priced just right for a quick sale. Square footage is an estimate. Buyer advised to get their own measurement. Call listing today for a showing of this home. 801-358-0745. CLICK HERE to view more listings in the area.

247 N 100 W Nephi, UT

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