Market Updates

March could be a very influential month in determining the rest of 2023’s outlook for home prices. After a shocker of a jobs report and CPI data trending in the wrong direction last month, March’s data will likely serve as a tipping point toward a soft landing or demonstrate that further rate hikes are needed. Also in this month’s...

February is always an interesting time in the property management business. It marks the final month of our “slow season” and starts the clock on finalizing the implementation for any 2023 process changes ahead of the summer leasing season. In this month’s update, we will provide an update on the 2023 legislative session and outli...

Happy 2023! Entering the new year means that we here at Wolfnest are officially entering our second decade of existence. It’s been an amazing ride and much has changed since we first opened our doors in 2012. We are equal parts proud of how much we have accomplished in the last 10 years and humbled by how much more we have to learn and improv...

Happy Holidays from all of us at Wolfnest! It’s truly amazing how quickly a year goes by and just how much change we can see in that relatively short period of time. Last December, home values and rental rates were soaring along with the job market and homebuilder sentiment while everyone was concerned about the Omicron variant of COVID-19. ...

It’s not just the beginning of the holiday season and it’s many long standing traditions that has us feeling deja vu. Month after month, the economic data stubbornly sticks to a well established script. The job market remains strong, inflation is still high (but read on for good news), and the Fed is increasing interest rates at a unpre...

We seem to be stuck in a predictable pattern, pricing and job report data fail to show the expected declines in inflation, the fed reacts with an aggressive rate hike, and recession fears (which impact rental and housing markets) climb. Rinse and repeat. In this months report, we will discuss both reports, recent action by the Fed, and share a few ...

The fall is always a welcome time of year for property managers. The busy summer leasing season is winding down, cooler temperatures are mercifully in the forecast, and we are finally afforded time to accurately assess our successes and failures. In this month’s update, we will discuss how Utah is responding to a changing real estate market a...

Maybe it’s just the rapid pace of new economic and real estate news, but it feels like the summer has flown by. In this month’s update we will discuss a stunning jobs report, the first good news about inflation in months, the current status of a changing Utah real estate market, and the impacts of the Inflation Reduction Act on housing....

July has officially arrived and has brought with it the high temperatures we have been lucky enough to avoid so far this year. Appropriately enough, we will be discussing a red hot rental market, a still warm but cooling real estate market, sizzling inflation, and other heat themed items in this month’s update. But first, the headlines. Headl...

Last month, we said it’s finally starting to feel like summer, and if we weren’t 100% certain, facing a week straight of 90+ degree weather now has us convinced. In this month’s update, we will discuss the the state of the U.S. economy, highlight the impact of record rent growth, get into the specifics of what modern tenant’...