[quote=EconProf]Good question Coronita, and a simple answer: condos have no yard maintenance for me, are easily rented, appreciate at the same rate as houses, and are less likely to have families with kids.
sdr: not sure where you are getting a 10% appreciation rate here–mine have gone up 21.5% since July, and I’ve heard 20% is the norm. This will probably be a lot less from now on due to rising interest rates.
We are still getting an influx of Californians and the builders cannot keep up with the demand. Utah has an unemployment rate of 2%, so they are coming for the jobs, as well as low taxes, good schools (which largely did not close), clean government, and cheap housing.
But before you remind me–yes, I miss the San Diego weather.[/quote]

As mentioned above it was per Redfin. So 20% lags SD which has been 30%. Id expect you to lag even more as your market should be more interest rate sensitive without the type of employment we enjoy here. Keeping up with demand is tough everywhere with supply chain issues so no surprise there. Unemplyment back under 5% in CA and 3.4% in SD as of March so same story here.I did find it interesting that UT has a high percentage of government workers than CA. Who wouldve thought that!

New state motto should be.

Come to Utah! Good clean government and more of it!

There always have been those leaving CA who couldnt make it here. No shame in failing, at least they tried