The 2009 Utah real estate year begins amidst great uneasiness and real estate uncertainty. The nation, and Utah is in the midst of a recession. home prices have been declining for over a year now, and housing inventory in Utah remains very high.

Utah real estate interest rates are at historic lows. This will have some impact on helping the buyers market return to balanced, but loans are much harder for people to obtain. Financing guidelines have especially effected those who are self employed and who want to buy with nothing down.

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Comments

Dallas MLS

Mon, 09 Feb 2009 21:36:15

Scary times for real estate professionals everywhere. People just are afraid to buy, and don't have money saved up to do it.

 



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