Utah Market Updates!
State Wide Active Listings have trended up 10% since last month.
- Salt Lake County Active Listings rose from 1909 active homes for sale in Salt Lake County to 2157 active homes for sale.
- Utah County Homes for sale – 1777 homes for sale in Utah County. As of May 30th inventory numbers have risen 11% from April. April was up 7% from March. Active inventories of homes for sale in Utah County are averaging 1777 homes for sale in Utah County
- Davis County Homes for sale – 548 Active for sale homes. As of June one inventories ares up 18% from the previous month of only 5%
- Wasatch County Home for Sale – As of June is 323 homes for sale. Up 14% from Last month.
Home Prices Stay High, Buyers Wait for Relief
In October, the combination of rising mortgage rates and high home prices has slowed home sales to a 14-year low.New single-family home sales ↑ 4.1% MoM, signaling potential market recovery.
How To Use the 28/36 Rule To Determine How Much House You Can Afford
The 28/36 rule is a guideline for determining how much house you can afford. It states that your total housing costs should not exceed 28% of your gross income, and your total debt should not exceed 36%. This rule helps ensure that you don't take on too much...
Governors of Western states consider public lands for developing affordable housing
Colorado Gov. Jared Polis and other Western governors are exploring the use of federal lands to address the affordable housing crisis in the region. In Nevada, officials are leveraging a federal law to acquire land for development at reduced prices, while...
