The Disconnect Between Interest Rates & Housing Prices Is Breaking Traditional Market Patterns

435 Podcast: Southern Utah

Send us a text

Washington County's real estate market has shifted to a more balanced position with 4.82 months of inventory, representing a 22% increase from last year, though slight downward pressure on pricing has resulted in only a 2% decrease in average sold prices.
• Median sold price of $520,000 shows minimal change from last year at just 1.7% higher
• Current 30-year fixed mortgage rate at 6.75%, down from 7.26% in January
• Original list price to sold price ratio is 95.9%, indicating sellers are typically getting slightly less than asking
• Days on market varies significantly by price point - homes between $400,000-$500,000 sell fastest at 51 days
• Migration data shows buyers from areas with higher home values (California, Colorado) find Washington County prices reasonable
• Housing market correlation with interest rates appears broken since 2022
• Local economy shows greater diversity than pre-2008 recession when construction was 30% of economy
• Current unemployment rate remains stable at around 3%
Guest Branden DuCharme, CMT,
Find Du Charme Wealth Management here:
https://ducharmewealth.com/contact-us/
Looking for a Real Estate expert? Find us here!
https://realestate435.kw.com/
www.wealth435.com
https://linktr.ee/wealth435
Below are our wonderful friends!
Find FS Coffee here:
https://fscoffeecompany.com/
Find Tuacahn Amphitheater here:
https://www.tuacahn.org/
Find Blue Form Media here:
https://www.blueformmedia.com/
#podcast #southernutah #investing #stgeorgeutah #realestate #435podcast #financialmarket #business #affordablehousing #afforadable
[00:00:00] Intro.
[00:00:48] Washington County Real Estate Overview.
[00:08:33] Market Statistics and Current Trends.
[00:18:32] Breaking Down Price Points and Days on Market.
[00:27:46] The Conflict of Interest in Real Estate.
[00:38:35] Home Value Comparisons Across States.
[00:47:33] Employment Data and Economic Diversity.
[00:57:46] Final Thoughts and Episode Wrap-Up.

Chapters

1. The Disconnect Between Interest Rates & Housing Prices Is Breaking Traditional Market Patterns (00:00:00)

2. Washington County Real Estate Overview (00:00:18)

3. Market Statistics and Current Trends (00:08:33)

4. Breaking Down Price Points and Days on Market (00:18:32)

5. The Conflict of Interest in Real Estate (00:27:46)

6. Home Value Comparisons Across States (00:38:35)

7. Employment Data and Economic Diversity (00:47:33)

8. Final Thoughts and Episode Wrap-Up (00:57:46)