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- Ogden 88-unit Sells for Est 8.5% Gross Yield
Ogden 88-unit Sells for Est 8.5% Gross Yield
Salt Lake Fourplex Sells for $140k/Unit; YTD Multi-Unit Sales Down 1.6% - Single Family Down 5.9%; Goldman Sachs Raises Recession Probability to 35%
David Robinson
April 02, 2025
Featured Listings
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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.
Utah Market Data
> Sold Multi-Unit Listings This Week
> Multi-Unit (2+ Units) Market Update
The number of closed sales for Multi-Unit property is down 1.6% YTD, while the Median Sales Price and Available Listings is up 5.6% and 15.5% respectively.
Quick YTD Facts | ||
|---|---|---|
-1.6% YTD | +5.6% YTD | +15.50% YTD |
Change in Closed Sales | Change in Median Sales Price | Change in Inventory |
> Single Family Homes Market Update
The number of closed sales for Single Family Homes is down 5.9% YTD, while the Median Sales Price and Available Listings is up 1.0% and 18.4% respectively.
Quick Facts | ||
|---|---|---|
-5.9% YTD | +1.0% YTD | +18.4% YTD |
Change in Closed Sales | Change in Median Sales Price | Change in Inventory |
Rates & Financing
> Mortgage Rates as of 4/02/2025
Source: Mortgage News Daily
Rent Report for Bountiful, 84010
Headlines & Insights
Black Desert Resort in St. George Creates Challenges – The city of Ivins, Utah, is grappling with the impact of rapid resort development on housing affordability and community dynamics, as massive projects like Black Desert Resort transform the area.
Priced Out of Utah – A new poll shows one in three Utahns have considered leaving the state due to high housing costs, with the sentiment strongest among young adults and recent transplants. While 56% say they’re staying put despite affordability concerns, housing remains the top issue for voters, with over half listing it among their top three concerns.
Cap Rate Compression Could Spark CRE Investment in 2025 – Despite rising bond yields, CBRE expects cap rate compression to boost commercial real estate investment later this year. Easing monetary policy and policy clarity may stabilize valuations and attract investors, especially in the second half of 2025.
Trump Announces Sweeping New Tariffs on Imports – On April 2, 2025, President Donald Trump declared "Liberation Day" and announced a 25% levy on all foreign-made automobiles and reciprocal tariffs targeting multiple countries, aiming to bolster U.S. manufacturing but raising concerns about potential economic downturns.
What's the Mortgage Interest Rate Forecast for April 2025? – Industry professionals predict that mortgage interest rates in April will likely stay in the 6.5% to 7% range, with potential fluctuations based on economic conditions.
Goldman Sachs Projects Three US Rate Cuts in 2025, Ups Recession Probability to 35% – Goldman Sachs forecasts three Federal Reserve rate cuts in 2025 as a form of economic "insurance," raising the probability of a recession to 35% due to slowing growth and declining business confidence.
What did you think of today's report? |
David Robinson
Principal Broker/Managing Partner
Whenever you’re ready, there are a couple of ways I can help you:
Buy The Best Multi-Unit Properties in Utah:
Work directly with our team to find, finance, buy and manage the best multi-unit properties in Utah (2-50 units) to grow your wealth.Sell Your Multi-Unit Property for Top Dollar:
We’ll strategically position your multi-unit property for full market exposure, extract maximum value, and streamline the sales process.
