Browsing Posts From: Research

The real estate market enters Spring of 2017 as a white hot sellers market.  While the number of sales remains at historic highs, the days it takes to sell a home is been at record lows.  This translates into a near record low level of inventory for homes on the market.  The competition among buyers to purchase a home for sale is fierce.  To see how lopsided the market is in favor of sellers, lets take a look at inventory levels in Weber and Davis Counties.         […]

Is Utah’s housing market overheating?  Based on historical charts, it seems that it’s a good question to be asking right now.  In the third quarter of 2016 (ending September) house prices in the Ogden-Clearfield Metro Statistical Area increased 1.86% from the previous quarter.  They are up 7.66% over the past year and a whopping 26.4% from 5 years ago.  Certainly, it has been a great time to own real estate.  But how long can these month-over-month increases in property values continue?     The above chart shows an inflation adjusted […]

House prices have been on an unprecedented tear this past year.  Much of this has to do with the timely convergence of low interest rates, a booming local economy, and in-migration of people from other states. So for fun (and I use that word liberally here) I did some number crunching to see how interest rates have behaved over time and how house prices have responded in kind. Join me as we go on an odyssey back in time (like 8 years ago) to see if we can glean a few […]

The real estate market has been on an unprecedented run this year.  A surging local job market combined with limited inventory has pushed all of the normal market dynamics to extreme territory.  Buyers know this as homes they pursue are snatched up before they can even submit an offer.  Sellers know this because they are smiling all the way to the bank.  The anecdotes are compelling but the charts really tell the story.  Lets take a look at a few: First, lets take a look at what residential real estate values […]

If you live in the Ogden area and feel like house prices are a lot higher than they were a couple years ago, you would be right.  House prices continue to spring upwards as the jobs market is red hot and there are more buyers in the market than there are sellers.  Such conditions put sellers in control of market pricing and this latest run has put home prices in Weber County higher than ever before. To illustrate the price movements, here is a chart of two Ogden neighborhoods. One is […]

  Our brokerage has an excellent track record of screening and placing well qualified tenants in the rental units we manage.  Many of our clients choose us over other property management companies due to this reputation.  However, when we assume management of a property with existing tenants in place, we often have to replace under-qualified tenants as they start to under-perform.  We had such a situation occur this past month. On February 1st we assumed management authority for a rental unit on Harrison Blvd. in Ogden.  We quickly placed a […]

One of the market indicators that helps us track the real estate market cycle is “Days On Market” (aka DOM).  This is a simple measurement that tells us how long a home is marketed for sale before an offer is accepted on the property.  It marks the time between the home being officially put up for sale and the seller signing a purchased contract with a buyer.   As such, it is a measure of demand and tells us how “hot” or “cold” the market is in any given moment. […]

Real Estate is a powerful tool for creating wealth.  It is a relatively stable investment that can be used to reduce tax burdens, improve income,  increase net worth, and preserve wealth through the generations.  So, when it comes to getting in the market and finding the right investments, it is important to know the underlying market trends that are making things happen. Since residential income property is one of the best sources of rent revenues, lets take a look at how the market has behaved over the past several years. […]

Every once in a while, I will take a moment to check in on market statistics to see if what I am experiencing day-to-day in the field matches what is happening across the county.  Once again, my suspicions have been confirmed. The chart you see represents the median price per square foot for homes sold in Weber County.  Using price-per-square-foot as our guide helps us get a better feel for the overall value of homes when stacked side by side.  Using this measure in the overall market shows us trends […]