The short answer is yes. While the housing appreciation growth that we have experienced the last few years is not expected over the next few years, rates are still unbelievably low, there is a large supply/demand imbalance here in Utah, great job opportunities, and a favorable economy. Until interest rates get quite a bit higher, we should continue to see price appreciation and price growth. Part of the ramp up in pricing has been based on expectation of inflation on the costs of raw materials and goods needed to build a home.
Eliot Ward, Principal Broker, Realtor, and real estate investor Harvest Park Group