August 03, 2009

When Will We Hit Bottom?

Posted to Steve Randall

One of the most frequently asked questions is when will Northern Utah Real Estate hit bottom and how quickly will it return? Last week, the Deseret News published an article on the Utah Housing Market showing that with very few exceptions, Utah is still declining but at a slower pace than in months past and we fare much better than many parts of the country. Here is the complete report from the News Article and here is a valuable chart listing how prices have move by zip code compared with this same time last year.

It is evident that the bottom is getting closer but not yet in 2009. So when will it turn around? Stay tuned for tomorrows blogging prognostication!

Posted By: Steve Randall



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