City Weekly · A And E
New Utah and U.S. housing data—and a realtor gut check—show tough times in the market.
Of course, I read and listen to a variety of news sources. That's what Boomers do.
Of course, I read and listen to a variety of news sources. That's what Boomers do. And about 50% of the articles I've read say our real estate market in Utah is going to crash and a recession is about to happen—big time. The remaining 50% say we'll be just fine with property values going up slightly.
What's my gut feeling? Well, I'm a data person so here's some data around the country and locally: MarketWatch says that many local U.S. housing markets have more sellers than buyers; and that there were nearly 500,000 more sellers than buyers in April, as reported by Redfin.
That is the highest…
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