Researchers are seeing early signs of the housing market cooling down — but don't expect to see prices drop in Utah, a new analysis says.
Why Utah housing market is ‘very low risk’ for price drops — while other parts of the West are ‘high risk’ |
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| | Economists and housing researchers are seeing early signs of the housing market cooling down — but you shouldn't expect to see prices drop in Utah, according to a new analysis from Fortune. The report found: A 0% to 20% chance of price drops in Logan, Ogden-Clearfield, Salt Lake City, Provo-Orem and St. George. A 50% to 70% chance of price drops in Boise, Idaho, and Coeur D’Alene, Idaho. An over 70% chance of drops in Prescott Valley, Arizona; Lake Havasu City-Kingman, Arizona; Bend, Oregon; and Bridgeport, Connecticut. Why it matters: Housing experts say it's hard to imagine a "bubble" burst in Utah's near future as long as the state continues to see a housing shortage and a strong economy. |
Read more about what experts expect to happen to Western housing markets. |
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