Market Updates

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...

With June already underway, we stand at an economic crossroads. A recession seems like a foregone conclusion. Rent growth has flattened and home values are off their recent highs. The Fed is looking for clear signals to determine future interest rate decisions but is getting anything but clarity in the data. Inflation is cooling but the job market ...

Springtime is always a busy time for rental operators. Annual lease renewals are in high gear, exterior maintenance for yards and sprinkler systems begins, and the hustle and bustle of the summer leasing season is beginning to take shape. In this month’s update, we will discuss those items as well as update you on the local real estate and re...

As a snowy March gives way to warmer April temperatures, our focus has rapidly changed from snow removal and frozen pipes to de-winterizing sprinkler systems and servicing AC units and swamp coolers. Never a dull moment in the rental management business. In this month’s update, we will discuss cooling inflation data, warmer temperatures causi...

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. ...