The housing market must be big news in the State of Utah, either that or nothing else is going on.  Two days in a row has seen news articles on the housing market in the State.  Of course the State to most people, means the Wasatch Front, which is roughly the Ogden to Provo corridor which includes Davis and Salt Lake Counties.  Often Cache Valley (Logan), Park City, Heber City and Tooele get lumped in, it depends who is talking.  I grew up on the Wasatch Front, it is a great place!

However interesting the article, I am reminded that all real estate is local!  I found one part of this article especially interesting that is where Mr. Perry of Perry homes is stating that home and lot sizes will be "morphing" to smaller sizes.  The days of large sizing and financing every upgrade imaginable may be coming to an end in the housing market.  Any way, I did find it to be an interesting article, even if I believe that we have a different market than the Wasatch Front does. 

Here is the link:

http://www.deseretnews.com/article/700025632/Utah-housing-market-challenges-builders-favors-buyers.html?pg=1

If you're looking to buy or sell real estate in South Davis County, Utah; please give us a call.  We would love to earn your business!

 
This post has been included in Utah Real Estate News Iron County, UT Real Estate News Cedar City, UT Real Estate News
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12 Comments on Another Interesting News Article from the Deseret News

APR
19
2010
312,871 Points 3 Featured Posts

Thank you for posting and sharing your very informative article.

Wishing you continued success.
4:24pm • #1
1,063,951 Points 12 Featured Posts Outside Blog

Constantine, thank you!  We appreciate it that you took the time to stop and comment!
6:05pm • #2
921,446 Points 81 Featured Posts Localism Sponsor Called Shot Master

Tony, I must agree agree with your point-of-view! Southern Utah is seldom mentioned or included in the news 'up there', it's almost like we are a state of our own.
9:17pm • #3
1,063,951 Points 12 Featured Posts Outside Blog

Wanda, well said!
9:40pm • #4
APR
20
2010
1 Featured Post

I haven't taken the opportunity in this busy real estate market for awhile to read your blog!  My loss!  I enjoyed your news articles!  Many believe Utah only goes as far south as Provo!  I appreciate you two!  You're the best!
12:22am • #5
607,308 Points 46 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Funny how humans operate. We are so predicatable, cyclical and rythmic in fashion diet and housing. Small houses on small lots..in fashion...out of fashion a few years later. We just roll with it on our end don't we?
8:32am • #6
1,063,951 Points 12 Featured Posts Outside Blog

Janet, thanks, that is high praise!

Steve & Jan, it is funny how cyclical we really are!
10:59am • #7
230,320 Points 4 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Tony and Darcy-

I love the term "morphing".  Here in Texas our Buyers call that "shrinking".  Best of luck to Mr. Perry!

Sara in San Antonio
12:48pm • #8
1,063,951 Points 12 Featured Posts Outside Blog

Sara, I liked it too, I wish that I could take the credit for it.  I would have also called it shrinking, I guess everyone spins things!
7:27pm • #9
1,057,134 Points 27 Featured Posts Outside Blog Called Shot Master

I would love to see people start being more realistic with the size of houses. It's hard to believe that my parents, with two children, found 1,308 square feet to be perfectly fine. A family of four nowadays seems to need 3,000 square feet and a four-car garage.
11:29pm • #10
APR
21
2010
1,063,951 Points 12 Featured Posts Outside Blog

Jim, I know that we certainly have more stuff than our parents did.  I know that I grew up in a house that was a 3 bed 1 bath, the rooms were big, but I know the stuff that Iconsider essential would never fit into that house!  I do think that people are being more sensible with their money.  I really do think that we will see the large houses come back into vogue as well.  History does repeat.
12:35am • #11
APR
22
2010
584,438 Points 1 Featured Post Outside Blog Attended Rain Camp Called Shot Master

The article in the Des News was very interesting.

 

The downsizing of houses in the future is going to be only a part of decreased expectations....and decreased levels of consumption by Americans.  It is inevitable.  It is the natural result of our crazy recent past.

When I was a teenager, Americans consumed 57% of all the goods and services consumed in a year on the planet.  That was with about 6% of the world's population.  It was a function of our greater productivity and abundan resources.

Now with about 5% of pop, we consume something around 30%.  Our relative productivity has declined as we told our children they were too good to work in factories.

The world is catching up.  We are slowing down.  Our offspring are a generation away from consuming only a proportion of world assets equivalent to their percentage of world population.

It is not a plot.  It is just economics.
5:50am • #12

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Tony & Darcy Cannon

Tony & Darcy Cannon - The C Team

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