Trump eyes 50-year mortgage plan

Layton fourplex sells for $194k per unit; Upcoming economic data could shake mortgage markets

Author

David Robinson
November 12, 2025

> Featured Listings

TRI-PLEX Superb rental history! ALL Big-Ticket, Expensive items NEWER...Roof, Water Heaters, -Furnaces. UNITS Well kept, updated, well maintained- If FHA, FannieM or FreddyM approved, favored to buyer who occupy one of three Units. 'Own-In-Ogden' program gives $5k- $20k to qual. buyer downpayment or closing! 2 of 3 units occupied. APT 2 Vacancy congruent with sale (1of 3 full then)-may pivot to accommodate buyer. Main Level APT2- New Carpet can be part of deal if so inclined.

Great 4-Plex Investment Opportunity in Tremonton! Each unit features 2 bedrooms, 1 bathroom, a comfortable family room, kitchen, and in-unit laundry. The property has been very well maintained and shows pride of ownership. There is ample uncovered parking located to the east of the building. This 4-plex boasts a strong rental history with consistent occupancy and no difficulty finding tenants. Inspections are available to qualified buyers and may be completed prior to, or as part of, due diligence.

Rare 4 unit multifamily property in a prime location for a long-term investment. No HOA! Plenty of off street parking with 8 covered carport spaces and efficient 2 bedroom 1 bath floor plans with separate meters make this an ideal investment with low expenses. 2 of the units have been fully remodeled in the last few years and the roof was replaced with a metal roof this year.

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

Sold Listings and Price Per Sq Ft


Utah’s housing market remains steady with modest price growth and stable sales overall. The average price per square foot rose 2.25% year-over-year to $266, while the median price per square foot increased 1.04% to $234.

Sales volume is slightly ahead of last year, with 34,243 homes sold year-to-date, up about 2%. Overall, home prices are holding firm even as transaction activity levels off heading into winter.

Active Listings and Price Per Sq Ft


Active listings in Utah continue to rise year-over-year, up nearly 20% from last November to around 13,400 homes statewide. Inventory has leveled off slightly month-to-month, suggesting the seasonal slowdown is beginning.

Prices remain steady despite the higher supply. The average price per square foot is roughly $296, holding flat from a month ago, while the median price per square foot is $244, up about 0.7% from a year earlier. Overall, the market is balancing—buyers have more options, but prices remain firm.

> Rates & Financing

Mortgage Rates as of 11/12/2025

> Headlines & Insights

Utah Headlines

Lehi apartment project destroyed by fire – A massive blaze leveled the 304-unit Alta Vista complex under construction in Lehi, Utah. Developer Wood Partners confirmed no injuries, but several buildings and cranes were damaged as investigators search for the cause. The project had been slated to open in 2027 within the growing Salt Lake–Provo corridor.

Utah is failing in housing affordability – Realtor.com’s latest report card gives Utah a middling grade as home prices soar and new construction trails population growth. Despite Gov. Cox’s goal to build 35,000 starter homes and push for statewide zoning reforms, affordability across the Wasatch Front continues to erode under rising land and material costs.

National Headlines

Trump eyes 50-year mortgage plan – President Trump floated the idea of a 50-year mortgage to lower monthly payments, but experts say savings would be minimal and equity growth far slower. Analysts warn the loans could carry higher rates and complicate efforts to privatize Fannie Mae and Freddie Mac.

Remodeling reshapes U.S. housing market – With aging homes and high prices sidelining buyers, remodeling now drives over half of all residential construction firms and nearly half of industry jobs. NAHB data shows renovation has become a long-term growth engine as builders pivot from new construction to renovation work.

Upcoming data could shake mortgage markets – With the government shutdown ending, a wave of delayed economic reports may cause mortgage-rate volatility as investors reassess the odds of future Fed cuts. Redfin economists say jobs and inflation data due before December could heavily influence rate movements.

Rents set to rebound in 2026 – After a year of softening, U.S. apartment rents are projected to rise 2.3% in 2026, according to RealPage. Markets like Miami, Seattle, and Los Angeles are expected to lead the recovery—signaling renewed renter demand and a stronger multifamily outlook heading into the new year.

David Robinson

Principal Broker/Owner

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