Kanab Real Estate Roundup for the week of October 24th 2022!

Welcome to your Kanab Real Estate Roundup for the week of October 24, 2022!

Watch the quick video update → HERE ←

New listings: 1 single family home, 1 manufactured home, 1 single family lot
Sold listings: 4 single family homes, 1 manufactured home, 1 single family lot
Price reductions: Total of 6 - 3 townhomes, 1 manufactured home, 1 single family lot, 1 vacant land

The average 30 year fixed rate mortgage is climbing towards 7%.

National sources expect home prices to depreciate a little or stay flat in 2023, and then appreciate again in 2024. NOT like the 5 years of home value depreciation after the 2006 mortgage crisis. Remember, appreciation = the increase in value over time.

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