Join Ben Larsen and Paden Anderson as they bring you our latest Utah Real Estate Market Update!
Over the past month, the real estate market has demonstrated stability, with real estate numbers staying fairly consistent. However, discussions surrounding the potential decrease in interest rates slated for 2024 have captured the attention of both buyers and sellers. If these rates indeed drop, it is anticipated that the buyer pool will become larger. While this could bring heightened competition for available homes, it may also lead to a reduction in negotiation room for prospective buyers as demand intensifies, as well as higher home purchase prices.