Market Updates

As the snow melts away and April brings warmer temperatures, our focus shifts from winter process improvements to preparing for the spring leasing and renewal season. In this update, we'll delve into recent trends in job growth, inflation, and examine the implications of the Corporate Transparency Act (CTA) on property owners. But first, let...

In the rental business, we always look forward to March because it marks the end of the leasing “slow season” and rental demand starts to pick up. This year will be interesting as it’s the first time we’ve seen year-over-year declines in rental rates for most Utah submarkets. We know seasonal demand will pick up, as it alway...

February brings an exciting shift in the property management business. Beginning next month, we officially bid farewell to the "slow season," and begin preparations for the upcoming summer leasing season. In this update, we're excited to explore all the latest economic news, along with some updates from the ongoing legislative session...

Welcome to January! As we bid farewell to the challenges and victories of the past year, we eagerly embrace the possibilities that lie ahead in 2024. Our optimism centers around the hope for easing inflation, a robust job market, and the anticipation of potential for interest rate cuts. In this month’s update, we will spotlight changes in the...

December is the perfect time of year to reflect on the year that was and look ahead at what the future might bring. 2023 has certainly been challenging as investors grappled with runaway inflation, declining home values, falling rents, high interest rates, and general economic uncertainty. However, we did not experience the crash many economists fe...

The economic and real estate landscapes are changing just as rapidly as the weather with big news regarding both in just the past couple of weeks. In this update, we will highlight big change in the labor market, discuss the Fed’s outlook on interest rates, and explore the groundbreaking verdict challenging real estate commission structures a...

With October nearly half way through, we find ourselves focused on sprinkler winterization and finalizing our offseason to do list. We have multiple exciting new features to launch in coming updates, but this month, we will discuss persistent inflation, examine the rent control debate, and highlight a changing rental landscape.  Headlines Augu...

As we step into September, we begin the slow annual transition from facilitating move outs and filling vacancies to preparing the portfolio for winter and adding new features and processes to better serve our customers. We have a lot of exciting features planned and will be announcing those in the weeks and months ahead. In this month’s updat...

Entering August, we find even more of what we’ve seen the past few months with unwavering strength in the job market, cooling inflation and even more interest rate hikes. In this month’s update we will discuss weakness in the Utah real estate market, more cooling in rental rates, and several legislative hurdles facing rental property op...

As we step into the month of July, the real estate landscape continues to captivate our attention. Contrary to predictions of a housing market crash, the Utah real estate market has exhibited remarkable resilience this spring, despite near 7% mortgage rates. In this month’s update we will highlight weakening in the jobs market, falling inflat...