BiggerPockets Daily This State is the Next California
Mar 29, 2025
Discover why one state is emerging as the next big player in U.S. real estate. With remarkable population growth and a consistent increase in job opportunities, this state is primed for property values to soar. Delve into the challenges posed by rising down payments, especially for smaller investors, as home prices climb. Explore how unique factors like a high birthrate and land constraints are positioning this state for long-term economic stability and growth, making it a hotbed for savvy investors!
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Rising Down Payments
- Down payments are rising, reaching a record high of 14.4% in Q4 2024.
- This is due to high home prices, higher mortgage rates, and affluent buyers dominating the market.
Down Payment Strategy for Investors
- For investors, higher down payments reduce monthly costs but tie up capital.
- Consider lower down payments, letting tenants build equity while you retain cash.
Utah's Natural Population Growth
- Utah's population growth is driven by high birth rates, not just migration.
- This natural growth suggests a more stable and predictable market than those reliant on migration.