By now you've probably heard that Salt Lake City has topped yet another list, this time as the #1 housing market projected for growth in 2022 by Realtor.com. As we've seen in the past, this projection will likely unfold in a similar manner in many of the other markets throughout Utah, including St. George. So what does this mean? What should we expect?
The Salt Lake City metro area is forecasted to see a 15.2% year-over-year sales growth. This comes after an already record-breaking performance during the pandemic (March 2020 – present).
Mortgage rates are expected to rise to 3.6% by the end of the year. This means it's in your best interest to buy or refinance sooner rather than later if you're banking on low rates to help you save.