Browsing Posts From: Research

Change within the real estate market is slow moving. But its impulses can be felt even if the ultimate outcome is in the distance. This month we share the the lastest charts and graphs and some of the interesting dynamics at play.  Some indicators run contrary to what we would expect to see in the current market.  Find out which ones those are and what we can expect in the future.    If you are in the market to sell your home, be sure to give me a call at […]

Broker Jeremy Peterson offers a deep dive into current Northern Utah market dynamics with plenty of charts and analysis to boot. Have questions about the market? Comment below or give Jeremy a call at 801-390-1480  

The bulk of July sales data is in and the trend is looking very interesting this summer in Weber County real estate.  While current price per square foot is significantly higher than July of last year, the month over month figures appear to show a flattening in price increases.  I will have a video update in mid-August after CPI figures are released.  But just a casual first glance at this chart tells us that we are at an inflection point in the market.  Will price per square foot drop?  Is […]

The real estate market is reaching extremes that are unsustainable. Is a price collapse eminent? No. But other discomfort might be. Find out what might be coming.

Here is the latest market update with the best charts and graphs you will find for our market.  A lot of energy in the market right now.  Check it out!

Its been wild watching the market movements happening over the past several months.  This month is no exception!  

The market is doing some strange things with prices soaring and sales slumping.  Meanwhile, homes under contract appear to be going missing.  What’s going on?  Find out!

The past 12 months were like nothing we have seen in Northern Utah in over 25 years.  Here is a video explaining what made 2020’s real estate market so wild and crazy.   If you want to find out what your home is worth in today’s market, give me a call.

House prices have been on a tear for years now along the Wasatch Front.   New construction is in high demand as housing supply has not kept up with population growth.  Since land prices are a component of the cost of new construction, I thought it was time to take a look at the value of lots in Weber County and see how they were trending. Here is today’s chart on this subject:   This chart represents the price per acre of residential lots sold in Weber County from 1995-2020.  The […]

Broker Jeremy Peterson explains the unprecedented surge in house prices in Weber County Utah and reveals what is happening behind the headline housing numbers.

Thanks to Ron Pippin and Taylor Archibald with Cardinal Mortgage for hosting me on their Agent vs. Lender Podcast.  We discuss property management, current real estate market conditions, Ogden history, talk about historic homes, tell war stories, and more.  Check it out.  

Listing inventory of homes for sale has been a persistent problem for buyers over the past several years.  While the pattern of available homes follows a predictable seasonal cycle that troughs in the winter and peaks in the summer, some years are better or worse than others.   Today we want to look at a chart that illustrates the severe drought we are facing in Weber County when it comes to homes on the market for sale.  Let’s take a look.     This information comes from the MLS and […]

Last year the University of Utah’s Kem C. Gardner Policy Institute made some predictions about the direction of the housing market.  Meanwhile, we made our own.   Here is how things turned out:   2019 Predictions: Weber County House Prices KGPI : +10% Vesta:  +3% What Actually Happened: +10.1%   Sales Volume KGPI: +4% Vesta: -5% What Actually Happened:  +1.5%   Last year we thought that increasing interest rates would put a sag into sales and cap prices somewhat.  Our predictions failed as interest rates surprisingly dropped back to historic lows.   This year the housing […]

Watch as we discuss the strange happenings in Northern Utah’s real estate market as mortgage payments are falling faster than house prices are rising. Charts included!    

Weber County home sales growth is a good measure of how the real estate market is performing locally.  For Realtors, this measurement dictates whether being in the business is easy or hard.  During periods of sales growth, agents enjoy a bountiful harvest of sales until word gets out about how easy it is and new agents join the ranks to take their share of the crop.  When sales are shrinking (usually after a period of growth) agents joust with each other for business and work overtime in order to make […]