Market of the Moment 2/18/2022:

[Alan Walker]

Just when you think we can’t go lower……. SFRs in Salt Lake County under 700k is at 124 homes. Even with interest rates bumping up, I’m pretty sure there are more than 124 buyers in the entire county that want to buy a home. The Fed announced 4-5 price hikes this year and it is already having an effect on primary home mortgage rates. We are soon approaching <gay gasp> 4%!

The market dynamics right now aren’t being driven by interest rates, its straight up supply and demand.

Why do you think people aren’t selling?