djd09
Elite Member
- Joined
- May 20, 2009
- Professional Status
- Licensed Appraiser
- State
- Ohio
I saw a quote from a mortgage broker that said, "trying to sell a 7 1/4% mortgage to someone with a 3% mortgage is like trying to push a rock uphill." Ya think?
Utah housing prices down from spring peak — but they’re still higher than last year
Utah County is seeing the highest home prices along the Wasatch Front, with a median price of $599,000 in the third quarter. Davis County ranked No. 3, with a median price of $540,000, a 9% rise over this time last year. Tooele County’s median price was $470,000, and Weber County’s was $435,600.As mortgage rates hover around 7%, the median monthly payment for Utah buyers has exceeded $2,600, according to calculations by Dejan Eskic, chief economist for the Salt Lake Board of Realtors. That’s priced out a startling 76% of Utahns from being able to afford the state’s median-priced home

Utah housing prices down from spring peak — but they’re still higher than last year. Here are the latest figures
Mortgage rates over 7% are smothering the U.S. housing market, and Utah isn’t immune — but don’t expect suddenly affordable homes anytime soon.

what is shut no one can open