Market of the Moment - 9/24/2021

[Alan Walker]

The market continues to keep inventory over 500 homes active in Salt Lake County under 700,000. Most price points saw a mild contraction this week compared to last. The Fed announced today that they may start to raise rates sometime next year. In my opinion, that will have a strong effect on our appreciation, but not on our demand. So once that happens, the record 30% YoY appreciation we experienced may be a thing of the past. No doubt, buying and holding real estate is the best way to become wealthy. For many of us that’s not Bikini Babes on a Yacht wealthy. More like, I sleep like a baby at night because I know I have assets wealthy.