We were able to go to the Utah HomeBuilders Association Economic Forecast with Elliot Eisenberg & watch the Salt Lake Board of Realtors Economic Forecast with Jessica Lautz & James Wood (unfortunately these were on the same day, so we could only attend one in person)
I did think there was some valuable information about what to expect in the Utah real estate market this year. Of course, no one has a crystal ball, but I wanted to share this info! 🙂
Key Takeaways from the UHBA Economic Forecast:
• 2 rate cuts in 2026
• Home price appreciation slowing due to rise in inventory
• Utah is solid economy wise, people want to live here
• Inflation should decline
• 2026 will be a good year
Key Takeaways from the SLBR Economic Forecast
-Home prices plateauing which is not a bad thing
-More opportunities for buyers
-Mortgage rates anticipated to hover about 6%
-SLC is a top hot spot for 2026- we have a young, growing population
-Utah is a desirable place to live, we will continue to grow
-New homes are big competition for existing homes, currently more affordable- due to incentives, rate buydowns & concessions builders are offering
-New homes may be a good option for first time buyers to get into the market
If you are wanting to make a move this year, we would love to help you. Message me & let’s chat about your situation!
Utah County Homes, The Bennetts 