Video starts at 36:16

Why two housing experts disagree on how much Utah home prices will drop in 2023

Looking ahead to 2023 and what it will bring to the housing market, two of Utah’s leading housing experts are respectfully disagreeing with each other.

While they both agree the market is in the midst of a price correction after two years of runaway demand amid the pandemic housing frenzy, they have differing outlooks for just how deep that price correction will run next year.

The researchers — Jim Wood and Dejan Eskic, both from the University of Utah’s Kem C. Gardner Institute — had a friendly debate Friday during Ivory Homes’ annual private gathering of hundreds of homebuilders and other industry partners from across the state. The discussion between Eskic and Wood was moderated by Clark Ivory, CEO of Ivory Homes, which is Utah’s largest homebuilder.

Air Design Heating & Cooling 
Rhett Marshall & Gene Anderson