Utah has unusual demand due to high birthrates 25-35 years ago and valleys that

Jun 12, 2021
8:42:20am

novacoug1 Truly Addicted User

Limit building growth and homegrown industry that has curtailed outmigration (especially for top earners)

Rents and homeprices would be going up without investor involvement of any sort.

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novacoug1

Bio page: novacoug1
Joined: Jan 31, 2012
Last login: Apr 29, 2024
Total posts: 9,661 (28 FO)

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Messages

Author

Time

Is this the start of the Real Estate pullback?

grosven

6/12/21 7:57am

Maybe regionally? Doesn't look like a slow down in Utah County.

RSL

6/12/21 7:59am

I dunno. No one in my neighborhood can sell their house anymore. We had a few

Chefcurry

6/12/21 8:07am

I don't understand this. If they sell for outrageous prices

zerigke

6/12/21 8:48am

Might be moving to a different state or region where the relative scale

kos

6/12/21 8:52am

Probably asking way too much.

Shore10

6/12/21 8:51am

The fastest cure for high home prices is high home prices.

Corn

6/12/21 8:56am

My neighbor in Orem just sold his in 3 days for $815,000. Paid in the

O Gaucho

6/12/21 8:16am

Wow! Which area and how many sqft?

NihonCougar

6/12/21 8:50am

<< Deleted >>

O Gaucho

6/12/21 9:00am

Over the past 30 or so days I have seen a change. I think many are starting to

ordinary tri guy

6/12/21 8:01am

It’s not the selling that’s scaring people off but the replacement prospects. Gotta live some place.

Soupie

6/12/21 9:00am

Yep, ppl say can't sell if I can't buy. I spoke to someone yesterday who said..

ordinary tri guy

6/12/21 1:26pm

And in Utah, builders will only build spec b/c there's no telling how much costs will go up during the process.

Soupie

6/12/21 1:34pm

Yep. Homes are still selling but lots aren't winning to get on a bidding war.

Shore10

6/12/21 9:03am

Not if pension funds keep buying residential homes and renting them out in their

WDaddy

6/12/21 8:01am

If the price of housing goes up and the price of renting goes down

novacoug1

6/12/21 8:23am

I just raised my UT Co house rent by 25% and found out I was a sucker as other

panacablue

6/12/21 8:35am

Utah has unusual demand due to high birthrates 25-35 years ago and valleys that

novacoug1

6/12/21 8:42am

That's not how rent works. Rent never seems to go down.

Shore10

6/12/21 9:05am

I think more are hesitant to move/sell because they have no where to go

cougfanz

6/12/21 8:03am

It seems some who sold at ATH are now renting and waiting for a dip

USMCdad

6/12/21 8:16am

Lumber futures are down as well - looks like the demand is slowing some but I imagine will settle in and be moderately

molodyets

6/12/21 8:34am

Trying to time the market is hard and very few are able to do it

UVCoug

6/12/21 9:53am

I probably would have done this but my wife didn't want to move twice and

BrotherOfTheYear

6/12/21 12:40pm

Many people moved as they thought they could WFH indefinitely

novacoug1

6/12/21 8:55am

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