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Market Update for Utah County-2026
Friday newsletters skew lighter. We will cover what is open this weekend, the smart way to walk a house you might actually buy, and a quick rate check before Monday.
If you are looking to a list of open houses in the Springville area, just go to this link and it will take you right to a page with all the Open Houses this weekend along with a mortgage calculator.
How to Walk an Open House Like You Mean It —
A 5-minute checklist for buyers
Most people walk open houses like they are touring a museum. If you are seriously shopping, you are not. You are running diligence.
• Look at the floor near the toilets and showers. Soft spots = water damage that is more expensive to fix than the listing photos suggest.
• Open the electrical panel cover (you are allowed to look — not to touch). Federal Pacific or Zinsco brand panels are insurance-claim red flags.
• Run the kitchen sink for 30 seconds. Watch the pressure. Listen for the water heater kicking on.
• Smell the basement. Mustiness = moisture. Moisture in southern Utah means mitigation.
• Ask the listing agent how long it has been on the market and whether the price has moved. The answer tells you everything about your negotiating position.
Have a great weekend. If you walk a house you love, send me the address before you write the offer. Quick second opinion costs you nothing and might save you something.
— Lori
Utah County Lending Update-2026📊
Quick rate check heading into the weekend: 30-year fixed sits around 6.30% (Freddie Mac), 6.38% (Bankrate daily). 15-year near 5.64–5.75%. No Fed meeting this month, so any movement before June will come from inflation data and Treasury yields, not policy.
If you are pre-approved and house-hunting this weekend, lock conversations with your lender are appropriate now, not after you write the offer.
This Week’s Seller’s Tips
The seller mistake costing people $10K+ right now
Refusing the price reduction in week three.
Here is the math. If your home does not draw an offer in the first 21 days at the current price, the data says it is priced 3–5% too high. Reducing immediately re-triggers the listing in buyer searches and resets the "new listing" attention. Waiting another month means you eventually drop further AND you carry an extra month of mortgage, utilities, and showing prep — typically $4K–$6K — for nothing.
The hardest math to do as a seller is the one that says the market does not care what you wanted to net. The fastest path to your real number is usually the early correction.
What is your home really worth?
We will pull a free CMA on your home this week — real comps, real numbers, real net-proceeds estimate. No obligation, no follow-up sales pressure. We do this because the homeowners who want to know early often become clients two years later, and we are patient.
Primary CTA: [Get My Real Home Value]
Buyer’s Corner on the Market
Three questions to ask before you write your offer
1. How long has this home been listed, and has the price moved? (Tells you negotiating leverage.)
2. Why is the seller selling? (Job relocation = motivated. Downsizing = patient. Estate sale = different rules entirely.)
3. Are there any other offers on the table? (You are entitled to ask. The answer, by Utah law, has to be honest.)
The Collins Team at eXp Realty exists because Jeff and I built the kind of environment we wished we'd had. One where agents actually get mentorship from people who've done the work. Where the tools are world-class. Where you're not just a number on a roster.
We're building something here in south Utah County, and we're looking for the right people to build it with us.
Sound like something worth a conversation? Drop a 🏡 below or send me a DM. No pressure. Just a real talk about where you are and where you want to go.
Join a Legacy of Excellence in Real Estate
At eXp Realty LLC/Collins Team, we redefine the real estate industry with innovation, integrity, and unparalleled expertise. Be part of a team that leads the way
#RealEstateCareers #UtahRealEstate #JoinOurTeam #eXpRealty #TheCollinsTeam #RealEstateAgent #UtahCountyRealEstate #AgentLife #RealEstateMentorship #SwitchBrokerages
Myth vs Reality
Myth: "My home is worth what Zillow says."
Reality: Zillow's Zestimate has a published median error rate of about 2.4% on active listings — and significantly higher on off-market homes. On a $500K home that is a $12K swing in either direction. On homes with recent upgrades, custom finishes, or unusual features, the algorithm does not see what your buyer sees. A real CMA built on the last 90 days of comparable closed sales in your specific neighborhood beats Zillow every time.
📣 Call to Action
Not sure what’s true (and what’s not) in today’s market?
Want a real breakdown of your situation—no hype, no guesswork?
Let’s talk through it so you’re making decisions based on facts, not headlines.
Ready to stop waiting and start winning? Let's talk.
📩 DM us or click the link in bio to schedule a free consultation.
#UtahCountyRealEstate #HomeBuyer #MythVsReality #MortgageRates #BuyNow #SpringvilleUT #TheCollinsTeam #eXpRealty #UtahHomes #RealEstateTips
That’s it for today.
Keep showing up, keep cheering each other on — and as always, keep busy.
Lori Collins, Associate Broker #14213653-AB00
Jeff Collins, Salesperson #1421190-SA00
Springville, UT 84663
385-543-5553
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[Phone] 📧 [Email] 🌐 [Website]
The Collins Team/eXp Realty LLC