Underwater means you owe more than the house is worth. That depends on what you put down and how many payments you've made, not just on where prices went. Two people who bought the same house the same week can be in completely different positions 5 years later because one of them put more down. Which matters, because the real cost of buying at a peak usually isn't a permanent loss. It's that you can't move when you want to. You're not ruined, you're stuck — and being stuck is what actually hurts, because life doesn't check the market before it changes on you. So the useful question isn't whether prices go up. It's whether you can stay put for a while if they don't. That's a question about your job, your space and your payment, and it's the one worth answering before you write an offer. For context on the market itself: the Kem C. Gardner Policy Institute's September 2026 report ranks Utah as the 10th most expensive housing market in the country for single-family homes. Next one: what a lender is actually looking at when they tell you what you qualify for. ⭐ Kelsey Earl, 801-419-8917, [email protected], Keller Williams South Valley, your lifelong friend in real estate. #utahrealestate #utahhousing #homebuyingtips #firsttimehomebuyer #utahrealtor
I am Kelsey Earl, a Realtor with Keller Williams South Valley serving Herriman and the south Salt Lake Valley — and Washington County when it is time. Every video starts as a question someone sent me.
Passion for the work.
Peace for you.
Serving Herriman and the south Salt Lake Valley — South Jordan, Daybreak, Riverton, Bluffdale, Draper and Salt Lake City. And Washington County — St. George, Washington City, Hurricane, Ivins and Santa Clara.