Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Real Estate News & Current Events
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

50
Posts
35
Votes
Jordan Atkin
  • Developer
  • SLC, UT
35
Votes |
50
Posts

SLC Market Change

Jordan Atkin
  • Developer
  • SLC, UT
Posted

The market is changing. Are you? 

Here in Salt Lake Lake City the market is slowing significantly.

Is this the same slowing down that we experienced last year at this time or is it something bigger?

SLC hit its peak in June of this year and has been on a steady downward slide since. 

The Fed is said to be raising interest rates a 1/4 of a point in early 2016, will this have an effect? No one knows for sure and with the upcoming election most think we aren't on track for a "correction." 

But its been significant enough in my business that I wanted to bring it to your attention.

If your in Utah and have a home on the market, reduce the price and get ahead of whats coming up.

Start working your system more effectively so that your not caught with your pants down if something bigger is on the horizon.  

Most Popular Reply

User Stats

222
Posts
102
Votes
Skyler Smith
  • Real Estate Agent
  • Logan, UT
102
Votes |
222
Posts
Skyler Smith
  • Real Estate Agent
  • Logan, UT
Replied

the Fed who cried "rate change"

Loading replies...