I would like to post about the current market in an attempt to calm peoples fears, currently the market for homes over $300,000.00 dollars is slowing down considerably, and this does not mean the market is crashing or anything even close to it.   Homes under $250,000.00 are still extremely hot!  Many have speculated as to why this may be but the answer is simple.   If you live and work in Cedar City most likely this is all you are able to afford.   

With interest rates inching up and California’s market cooling, we need to realize that we will not see the incredible gains that we have seen over the last few years.  This is actually a healthy and good thing.   We also need to remember that we are still growing and we will still see normal gains in the average price homes in the valley.  

I hope this helps people in Cedar Cities Real Estate market to realize that there is no reason to fear and your home is still your biggest and best investment. 

This entry was posted on Wednesday, May 31st, 2006 at 9:35 am and is filed under Cedar City Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.