‘Hang in there,’ Utah real estate agents told. What does that mean for buyers and sellers?
Yes, home prices are dropping, but mortgage rates keep rising. So while a recession is unlikely, economists say, better times may still be a year off.
(Chris Samuels | The Salt Lake Tribune) A home for sale in Sandy in November. Economists are predicting a slowdown in Utah's housing markets will stretch well into 2023, due largely to rising mortgage rates.