WebQ3. Because of these higher interest rates, you can expect buyers to be fierce in their determination to score the best deal they can in an over-stressed market. With rates hitting record lows of 2%, things are about to change in 2022 as recent trends on 30-year fixed mortgages have already come very close to 3%. But it also was the first time in seven months that home prices had climbed up month over month. But for a second time this year, the median existing-home price saw a month-over-month uptick, up 2%, from $367,500 in February. While you might think that would mean a better shot at securing United States Home Prices & Home Values | Zillow WebIn the #1 position, we have Salt Lake City, Utah. All rights reserved. Now that homes are worth more than ever, Utah can expect more sellers to enter the market in 2022. Were very happy we dont have to guard her, at least in games. 2 bath. The city also has 50% more career musicians per capita compared to the average U.S. metro area. As home prices still rise, why hasn't spring housing market bloomed? Utah 7 Day Forecast; Utah Weather Radar; Utah Weather Cameras; Current Weather Conditions; announced earlier this year that he will seek a fourth term, giving the party a real chance in one of the two reddest states on the map. Utah's growth is far outpacing the supply, and the market will continue to be in the seller's favor for the time being, predicts the State of the State report. Although it's a little difficult to find brunch cocktails in this city, there are plenty of charming cafes serving up all your favorite mid-morning classics. Demand for homes is very high, and inventory is limited both of which are causing prices to increase. See all recently sold homes in Utah County. The Wildcats beat West Virginia in the NCAAs and since added Isis Beh from the Mountaineers, with Lauren Fields transferring the other direction. Utah has witnessed major increases in home value and real estate development over the last year due to the factors above. minutes. In a recent article by Realtor.com, Salt Lake City, Utah topped the list for the projected hottest housing markets in 2022.