We recently attended an Economic Forecast with Elliot Eisenberg.
Some notes & key takeaways I had from it:
Unemployment rates are lagging indicators of recession
Expect 2 to 3 fed rate cuts this year.
Housing Inventory low but slowly growing.
House price appreciation slowing. Expect 2-3%
Death, divorce, debt and job transfers family growth will spur home sales.
Pent up demand will bring more sales. Life does go on, you can only wait for so long.
Single family starts will be strong, while multi family will struggle due to large supply.
Construction costs due to inflation are still high.
Utah population growth is HIGH, 4th fastest growing state.
2025 will be a decent home sales year.
Fed will cut rates.
Job growth slows.
Inflation deceleration.
Keep an eye on Inflation and unemployment.
Long story short, Utah is a desirable place to live, and we will continue to truck along 🙂
Utah County Homes, The Bennetts 