Mass Layoffs Surge in October

SLC Fourplex Listed for $850k; Realtor Association Forecasts Big Rebound in 2026; December Fed Cut Odds Split 50/50

Author

David Robinson
November 19, 2025

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The fourplex offers strong rental history, excellent tenant retention, and steady cash flow. Each unit features modern finishes and open floorplans. Conveniently located near Mountain View Corridor, schools, shopping, and new commercial development-this property attracts quality long-term tenants. With low vacancy rates and high rental demand in Herriman, this turnkey asset is ideal for investors seeking immediate income and long-term appreciation potential. There are two 2-story units and two 3-story units. Each unit has 3 bedrooms and 2.5 bathrooms.

Beautifully maintained, all brick 4-plex in the heart of Spanish Fork. Close to all amenities which aids in a low vacancy rate. The owners have enjoyed the benefits of this investment for the past 20 years. Property is in good physical condition including the roof, plumbing, and electrical.

Discover rare Salt Lake City investment opportunity, 4-unit building in one of downtown's fastest-developing neighborhoods. Fantastic location-walking distance to the Fairgrounds, grocery, schools, and the future Salt Lake Entertainment District. Steps from bus lines, Frontrunner, and TRAX. Three units are occupied by long-term tenants. The fourth has been run as a 30+ day rental and generates nearly double the rent of the long-term units. This unit is fully furnished and turnkey. Each 900 sq ft unit offers 2 bedrooms, 1 bath, in-unit laundry, and multiple storage closets. Shared parking lot plus ample street parking. Mini-split A/C in the 30-day rental; swamp cooler in other upstairs unit. Low maintenance cost, solid income, strong upside, and prime positioning in a high-growth area.

Move-in ready! Two renovated homes on one lot. The main home offers 2 bed/1.75 bath upstairs + finished basement office, 1/2 bath & laundry. 1096 sqft. The separate, backyard ADU offers: 2 bed/1 bath w/full kitchen, living & laundry 800 sqft. The ADU is perfect for rental income, multigenerational living or a private guest space. Both homes are newly renovated with new flooring, paint, windows, cabinetry, countertops, appliances & central air/heat. Fully fenced yard with automatic sprinklers in the front yard, mature trees, and 5 car driveway. Located within walking distance to Tooele High School & Pratt Aquatic Swimming Pool. Enjoy beautiful Stansbury Mountain views from your front porch. All renovations completed with city permits & inspections. Total square footage for both homes is 1896 square feet. This property combines a complete remodel, modern upgrades, and excellent investment potential. Don't miss your chance to make it yours!

Canovo Group may not be the listing brokerage for the above properties. The information provided is not guaranteed and should not be relied upon to make investment decisions. Buyers should complete their own analysis and due diligence before making any investment.

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> Utah Market Data

Median Sold Price Per Quarter - Residential (1-4 Units)

Q3 Home Prices Climb Back Up

In Q3 2025, the median home price rose to $520,071, up from $518,000 in Q2 2025. That’s a 0.4% increase quarter over quarter.

Compared to Q3 2024, when the median price was about $515,000, this year’s Q3 price is higher by roughly $5,000, a 1% increase year over year.

What this means for investors:
Home prices are still rising, even if slowly. A 1% annual gain shows that values in Utah remain stable and continue to trend upward—good news for long-term investors looking for steady appreciation.

> Rates & Financing

Mortgage Rates as of 11/18/2025

> Headlines & Insights

NAR Forecasts Housing Rebound in 2026

The National Association of Realtors predicts that the U.S. housing market will finally rebound in 2026, with existing home sales jumping 14% and prices rising 4%, marking the first major recovery after three sluggish years.

Main takeaways:

  • Sales surge ahead: NAR Chief Economist Lawrence Yun expects existing-home sales to climb 14% and new-home sales to grow 5% next year, reversing a three-year slump that left sales at their lowest levels since 1995.

  • Prices remain resilient: Tight inventory and continued job growth—projected at 1.3 million new jobs in 2026—should push home prices up about 4% nationwide.

  • Rates ease modestly: Mortgage rates are expected to average around 6%, down from roughly 6.7% this year, improving affordability and allowing more applications to close.

What this means for Utah investors:
After several stagnant years, 2026 could usher in renewed momentum across Utah’s housing market. If rates drift closer to 6%, buyer activity should rise, especially in Salt Lake and Utah counties where job growth and in-migration remain strong. Investors holding property may benefit from moderate appreciation and faster turnover, while those seeking new acquisitions should anticipate more competition for quality multi-unit assets.

National Headlines

Mass layoffs surge across U.S. – Notices of large-scale job cuts jumped to 39,000 in October, one of the highest monthly totals since 2009, according to the Cleveland Fed. The spike adds to signs of a cooling labor market—fueling debate over whether the Federal Reserve will continue cutting rates amid growing economic strain.

50-Year Mortgage Falls Short – A 50-year loan may cut monthly payments by roughly $200–$250, but buyers would pay dramatically more interest and build equity far more slowly. Economists warn it could even push home prices higher, arguing real affordability will only come from increasing housing supply—not stretching debt.

Fed Leans Toward December Cut – Fed Governor Chris Waller backed another rate cut next month, saying the labor market is weakening and inflation isn’t a threat. He argued current policy is too restrictive on lower- and middle-income consumers and said a December cut would help prevent a deeper slowdown.

Where You Live Drives Value – Home values vary widely by geography, with big-metro houses priced 60% higher than similar homes in non-metro areas, and each step up in neighborhood quality adding roughly 2% to value — while nearby blight like abandoned buildings can slash values by double digits.

Big Discounts for Home Buyers in October - The U.S. housing market has flattened, with sales, listings, and prices showing little movement as high costs and economic uncertainty keep both buyers and sellers on the sidelines. With roughly 500,000 more sellers than buyers, homes are taking longer to sell and buyers are negotiating the biggest October discounts since 2019.

Fed Cut Odds Split Down the Middle – Markets are essentially 50/50 on whether the Fed will cut rates at the December 10 meeting, with a 48.9% chance of a cut to 350–375 bps and a 51.1% chance they hold steady at 375–400 bps. This reflects deep uncertainty as investors wait for final labor-market and inflation data heading into the meeting.

Massive Housing Bill Aims to Boost Supply – The Road to Housing Act combines zoning reform, streamlined permitting, new financing tools, and expanded HUD programs to accelerate homebuilding and preserve affordable units nationwide.

David Robinson

Principal Broker/Owner

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