Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a “slightly hot” market that is “cooling down.” Median days on market is 30.5 days, with inventory moving 6 percent faster than last year and 30.5 days faster than the U.S. overall. Properties in the area receive an average number of views 0.7 times lower than the U.S. average. Courtesy Source Salt Lake Board of Realtors

Homebuyers, Don’t Wait for a Miracle Rate

Mortgage rates increased after five weeks of declines, driven by stronger-than-expected economic indicators. Experts forecast minimal rate relief through late 2025 despite Federal Reserve predictions of future cuts. Waiting for rate drops may backfire as housing...

Mortgage Rate Predictionsfor Q3 2025

Long Forecast predicts slight drops: July 6.84%, August 6.79%, September 6.74%. MBA expects 6.7% average in Q3; NAR, Realtor.com see 6.2%–6.4% by year-end. 15-year fixed rates forecasted to drop from 6.01% in July to 5.88% in September. Experts expect gradual rate...

Pin It on Pinterest

Share This