Hot CPI Report May Tamper Fed Cuts

+5.46% - Multi-Unit Values Stay Elevated; Springville 8-unit listed for $2M; Ogden 15-unit sells for $138k per unit

New Lease Rules for Fannie & Freddie

24-unit 8% CAP sells in South Salt Lake; Logan Fourplex sells for $137/unit; FED rate cut imminent

Rate Cuts Ahead!

Utah Multi-unit Surge Continues - 32 New Listings; Millcreek Duplex Sells for $387/Unit; Homie Sues NAR and Other Utah Brokerages

Asking Price for Multi-Unit Slashed 3.66% YOY

Salt Lake County Rents Rebound to $1745/m; Pleasant Grove 13-unit sells for $2.4M

Utah Multi-Unit Surge: 6+ Month Supply Trends

Ogden 21-unit Listed for $181k/Unit; SLC Duplex Sells for ~8.27% CAP.

Emergency Fed rate cut coming?

Riverton 8-unit hits market - potential 6.5% CAP; Ogden duplex sells for $325k;

12 Most Affordable Cities in Utah

🗞️ Canovo Report: 12 Most Affordable Cities in Utah; PG 8-Unit Listed for 2.59M; Fed Rate Meeting Today

Utah Multi-unit listings are up 24% YTD

🗞️ Canovo Report: Multi-unit listings are up 24% YTD; Holliday duplex sells for $1.75M; Rent growth expected to improve in 2025 (report)

Ogden Triplex Sells at ~9+ Cap Rate; 2 Quality Fourplexes Listed In Midvale

Utah Multi-Unit Prices Surge 12.2% YTD; Bountiful 16-unit Listed for 3.2M;

The Canovo Report - June 26, 2024

Layton Fourplex Listed for $775k; Investment Firm Makes 2.1B Bet on Multifamily; Vineyard 18 Unit Sells for $322k Per Unit

The Canovo Report - June 12, 2024

Fed Holds Rates - Only 1 Cut Expected; Logan 5- unit listed for only $450k;