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Jul 5, 2024
9:55:11pm
MacsKid Contributor
I’ve said this on another post but I think there is a correction coming to
St George. Wages/jobs need to come up or home prices need to come down and it might be happening right now. There’s a LOT of homes for sale right now. Also earlier tonight I was reading on the St George subreddit and there was a comment from someone who has a spouse in construction and said things are slowing down quite a bit (maybe anecdotal but who knows)

Add in interest rates, inflation, the fact that a lot of these homes were purchased to be Airbnb’s, people that moved there during Covid and now being told to return to work, etc etc

If I were to bet, I think there will be an even larger flood of homes for sale and then everyone will be doing price reductions because the demand for those purchasing homes just isn’t there. There really aren’t many industries there

But this might just all be wishful thinking on my end because I want a house there but can’t afford the crazy market ha ha
MacsKid
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MacsKid
Joined
Aug 21, 2019
Last login
Oct 4, 2024
Total posts
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