Rate Drops Coming Soon...

Are prices about to drop... or is the market heating up again? Here’s what Utah sellers and buyers need to know after today’s Fed bombshell.

Author

Dustyn Haug
August 22, 2025

As summer winds down, fresh data brings new momentum in the housing world—for both buyers and sellers. Here’s what you need to know this week:

Table of Contents

Zillow Home Price Forecast Updated

Zillow just updated their outlook for 400 metro markets, and for the first time in months, they raised their 12-month price forecast to a slight increase (+0.4%). This signals renewed confidence in the stability of home values—a reassuring development whether you’re considering selling or are still on the hunt to buy.

Here in Utah, we have seen some downward pressure on prices as more homes have continued to come on the market. This is evident in Zillow’s forecast of only .1% price growth in the Provo, UT Metropolitan area.

However, many of the fundamentals remain strong, and a real estate crash is not expected.

Federal Reserve: Jackson Hole Recap

The financial world zeroed in on the Federal Reserve’s meeting in Jackson Hole today, where Chairman Jerome Powell signaled a likely interest rate cut as soon as September. This comes amid signs of a cooling job market and receding inflation fears, hopefully leading to some relief for mortgage rates.

  • The odds of a September rate cut are currently at 84%, which could give buyers more affordability and boost activity for sellers this fall depending on how much this affects mortgage rates.

What This Means for You

  • Buyers: A more stable market and possible dip in mortgage rates could open the door to better opportunities.

  • Sellers: Buyer confidence returns as affordability improves, creating a window to attract motivated purchasers.

If you’re interested in exploring your options, getting a complimentary valuation, or staying ahead of what’s next, Let’s connect—just reply to this email or book a call anytime!

Here to serve,

Dustyn Haug
REALTOR®
Personal:(801) 830-2175
Other:(385) 412-7310
Email:[email protected]
Site:www.atm.homes

P.S. Market conditions can change quickly. If you've been waiting for the "right time" to make a move, let's talk about whether that time might be now.