Salt Lake Real Estate Market Musings - 1st Quarter 2008

By
Real Estate Agent with Homebuyer Representation, Inc. DRE# 5467433

It will be interesting to see if the slowdown during the Fall (which causes numbers in the Winter to be lower) was as dramatic as it seemed.

I'm curious if Spring and Summer might actually do very well due to many hesitant and fence-sitting Buyers who are now confidently purchasing homes again.

If this is true, it could lead to inflated numbers over the Spring and Summer and as the pool of Buyers slows again to what would be a more "normal" rate in the Fall and Winter, those numbers could look bad next year, where in reality they would only appear to be bad due to the higher than average number of Buyers who are now ready to buy because they didn't purchase over the Fall and Winter...

Only time will tell!

If you are thinking about moving to the Salt Lake City area, make sure you get an Agent on YOUR side! 

Homebuyer Representation, Inc. is the only Real Estate Brokerage representing Buyers ONLY in Salt Lake City and the Surrounding Area. We do not list any homes. We never represent Sellers.

We work for BUYERS ONLY on the Buyer's side of the transaction.

We work to get BUYERS the Best Price and Terms when they Buy...

We're "The Real Estate Agents on the Buyer's Side" TMreal estate agents on the buyers side

If you have excellent credit and are thinking about buying a $250,000-$500,000 home in the Salt Lake area in the next 60-90 days, call us at (801) 969-8989 or contact us via the link on this page.

©2008 Homebuyer Representation, Inc. All Rights Reserved

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Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
I hope the buyers who did not buy in the fall will come out and buy.
Mar 29, 2008 01:01 AM #1
Anonymous
Potential Home Buyer
WE did not buy in the fall for a reason, Home values in Utah are ridiculously overpriced.  They are still overpriced now and until sellers lower their prices by 20 to 30 percent, we will not buy.  Anyone who can afford a $300,000 home is not stupid.  That is why we will not buy, and we will not believe the lying Realtors telling us "it is a great time to buy".  Buyer out there like myself are very inteligent and will not buy in an inflated market.  Maybe you Realtors should spend more time telling sellers the truth instead of trying to convince people to buy in this market.
Apr 20, 2008 10:33 AM #2
Rainmaker
252,743
Benjamin Clark
Homebuyer Representation, Inc. - Salt Lake City, UT
Buyer's Agent - Certified Negotiation Expert
If you don't want to buy in Utah, I understand that there are areas of California where homes are selling at half-price compared to their prime. Now might be a good time to buy there.
Apr 23, 2008 04:02 PM #3
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Rainmaker
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Benjamin Clark

Buyer's Agent - Certified Negotiation Expert
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