Market of the Moment - 4/14/2023

Remember when it was summer on Wednesday and then winter again on Thursday? Welp, our market is just as erratic. Actives jumped up a bit, still well below inventory levels the second half of last year but great to see some new inventory. Pendings and solds are slightly down, which is expected as ...

Profit First for Real Estate Investors

On today's show, I spoke with real estate investor and author of Profit First for Real Estate Investing. David goes over some of the common pitfalls we fall into when it comes to accounting for cash in our business. He offers some free online material at www.simplecfo.com/alanwalker . You can al...

Quarter Over Quarter Q1 2022 vs. 2023

We saw a decline in single family home prices in Salt Lake County of over 7% between 2022 and 2023. What is causing this? Interest rates. Many folks have been priced out of the market because, as we all know, you don't buy a home based on price, you buy a home based on the monthly payment. Intere...

March 2022 vs. March 2023

We saw a decline in median home price for single family homes in Salt Lake County of 9% year over year for March. The last half of last year, we saw a decrease of 11.7%, so we've rebounded from the bottom at $561,000 in December of last year. Maybe in June, when there's no more snow, we'll s...

Market of the Moment - 3/31/2023

Market of the Moment - 3/31/2023: Our inventory continues to plummet. An interesting thing is happening. The sellers and their agents seem to be realizing that prices are down so houses are going under contract a bit faster but at or below list. I recently got a buyer under contract and w...

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Play Your Game: Nic Peterson, author of Bumpers

I've been following Nic Peterson for about a year and a half. In addition to Bumpers, Nic has created some incredible organizations in health, nutrition, Web 3 and entrepreneurship. I first met Nic through an organization called the Wolf Den, since renamed The Guardian Academy. TGA focuses on t...

Market of the Moment - 3/24/2023

Market of the Moment - 3/24/2023: We currently have 463 active homes under 700k in Salt Lake County. The last time we were this low was May of last year. Very different factors are contributing to this inventory shortage. Sellers are deciding to stay in their homes longer due to the dissonan...

Market of the Moment - 3/17/2023

Market of the Moment - 3/17/2023: We are hovering around 500 homes active on the market under 700,000. This has been the norm for the past month. Buyers are buying, as proven by solds increasing week over week. As we creep towards April and spring (which in Utah is most likely late May), w...

Market of the Moment - 3/3/2023

Market of the Moment - 3/3/2023: No change in inventory week over week. We had fewer pendings but more solds so the seller deadlock continues. We also had a big jump in expired/withdrawn. I showed four houses to my clients this morning and 3 of the 4 had been on the market over 45 days. ...

Month Over Month: February 2022 vs. 2023

Median Home Price Drops 5% Month over Month, Feb 2022 vs. Feb 2023 Single family homes in Salt Lake county are down 5% vs. this time last year. Prices are down 14.5% since our peak in June of last year at 650,000. For folks that have been waiting for the market to correct, your wait is over. Ever...