Updates + Love Notes

As with any market, the ebb and flow of changing particulars yields uncertainty, but also opportunity! Right now myriad facets are influencing our Utah real estate. You’ve seen the hyperbole - interest rates climbing (still historically LOW though) cost of living is getting those bigger city vibes; ya know, all that fun stuff! With every below, there is an above however. Job growth in Utah, one of the best in the nation, has remained defiantly strong.

And, with the exception of last week’s meteor shower, the sky is NOT falling. 

I understand the anxious feels when I talk to clients about the idea of buying or selling a home. My response: Everything is gonna be jussssssssst fine! "Be cool, hunny bunny", to get a little pulpy on ya. Here's the thing about a market where people are throwing contingencies out the window and overbidding by double-digits - it's unsustainable. There’s an axiom that states a healthy real estate market boasts a six month supply of inventory. If that’s canon, then these last two years have been quite unhealthy. And, to a large degree, our entire economy as well. A 9% inflation rate? You shittin’ me?

If anything, this current adjustment is a welcome and necessary balancing for longevity. As Utah continues to grow and develop, it’s better for EVERYONE - steady increases in equity for sellers and for buyers, the benefit of time to fully calculate perhaps the biggest decision in their lives. 

So here we are, peeps - real estate is historically one of the most resilient investments and should continue to serve you very well, as we wind on down the road toward that pot of gold at the end of the aging rainbow. Growth, like any weed on steroids, begets weak roots. Balance is always what the doctor ordered. If you have a home to sell, rest assured you are still well positioned to make a killing; and for those looking to buy, that sweet scent of opportunity in the air should have you rubbing your hands together Mr. Burns-like.

Either way, everybody wins.

Similar Posts

We like to share new stories, and it seems you like to read 'em. Here are some more we think you'll like:
Return to all Stories
Kerri Fukui
Updates + Love Notes
Collective Clergy | Rachel Morgan
9/13/2022 | Rachel Morgan
Rachel Morgan's design ethos centers around creating spaces that are supportive by function and inspiring by form, the latter of which she personally pulls from the arid landscape of the American southwest. With a BA in Interior Design, this Michigan State University grad has plenty of design exp...
Read More
Kerri Fukui
Updates + Love Notes
Collective Clergy | Samuel
8/18/2022 | Samuel Johnson
Samuel Johnson is all heart where “home” is concerned. A transplant from our bordering state of potatoes and Pocatello, Samuel knew early in life that he would pursue a career in real estate. Ever aware of the importance of finding the space that best suits you and creating that which you crave (...
Read More
Kerri Fukui
Updates + Love Notes
Collective Clergy | Rachael
7/28/2022 | Rachael LePrey
Rachael LePrey possesses a keen eye and a deep affinity for people. Abundantly curious by nature, this well-traveled gal called big cities, small towns, and everything in between “home” before settling in SLC to open up a clothing store.
Read More

Newsletter

Success! We'll get you on the list in short order! You can expect all future Friday mornings to be something of a dream...
a fresh dose of city culture, new listings, and top-shelf design will land squarely on your virtual doorstep.

We need to talk.

It'll be fun. You've got questions, and we can't wait to answer them. Don't hold back--getting down to brass tacks is kind of our thing...


Done. That was probably an excellent question, and we're ready to help. Hang tight...someone at cityhomeCOLLECTIVE will get back to you in a flash.