October 8, 2013

Cover Story

Goal!

Bringing a second major league sports team into Utah always seemed like an...Read More

Featured Articles

Unexpected Neighbors

Healthcare Heroes

Sections

Focus
(Not) In the Club

Business Trends
The Home Stretch

Economic Insight
A Real Impact

Living Well
A Work of Art

Legal Briefs
Utah’s New LLC Act

Lessons Learned
Take the Wheel

Spotlight
Nan Seymour: Strong Willed and Fiercely Independent

Spotlight
Shane Robison: A Visionary with His Head in the Cloud

Special Report
If You Build It

Money Talk
Price Check

TechKnowledge
The Future is Now

Industry Outlook
Industry Outlook: Human Resources

Players
Players

Around Utah
Around Utah

Article

The Home Stretch

Homebuyers and Investors are Competing for a Dwindling Housing Supply

By Gaylen Webb

October 8, 2013

He says that people are simply more optimistic about the housing market, making them more willing to get in
the game.

“A National Association of Realtors survey found that Americans are less fearful of falling home prices. Fear was holding people back. Now, only a quarter of respondents fear falling home prices compared to 40 percent two years ago,” he says. “When that fear factor gets down to 25 percent, we think that’s healthy. It shows Americans are confident overall—and perception becomes reality.”

In the current market, buyers need to be on the ball.

“I have been telling friends and family members, ‘If you are going to buy you’ve got to buy now,’” says Kirkham. “I don’t believe that market conditions as a whole will get any better. I don’t see how they could.” 

June home sales statewide were the best they’ve been in six years, with 3,916 homes sold— a 16 percent increase year over year.

Median home values have increased 17% year over year,  up from an average value of $181,550 in 2012 to $211,800 in 2013.

 

 

 

Page 12
Utah Business Social
UB Events View All
Utah PR Spring ConferenceUtah Business Event
May 7, 2015
Join your colleagues from Utah Business along with PRSA & IABC for this important, 1-day event th...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business Magazine along with Snell & Wilmer are proud to announce the 16th annual 30 Women T...
CXO of the Year 2015Utah Business Event
Jun 25, 2015
Utah Business Magazine along with Stoel Rives - are proud to present the 2015 CXO of the Year Awa...
Community Events View All
Walk a Mile in Her Shoes
Apr 18, 2015
Come join us for the family friendly community march to end sexual assault and violence in our co...
Creating a Strategic Thinking Paradigm
Apr 20, 2015
In today's competitive economic environment, organizations need strategic thinkers. Strategic thi...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel