1. Presentation by James Wood Ivory-Boyer Senior Fellow

2. Recap 2018 and Outlook 2019 Recap of 2018. Outlook for Mortgage Rates.
●Fourth highest year ever, 17,950 units sold.
. ●Single family 13,100; 86% of peak in 2005.
● Multifamily sales record level, 4,852 units.
Outlook for Mortgage Rates.
●Seven forecasts, average of 5.25% in 2019.
Outlook for Utah Economy.
●Slower demographic and economic growth. ●International, national slowdown. Trade disputes, rising interest rates, less fiscal stimulus and high housing prices.

3. Mortgage Payment for Median Priced Home, Salt Lake County and Utah

4. Slight Slowdown in 2019 Forecast for 2019. Sales
●Total sales down four percent, 17,200.
●Single family off 13 percent; 13,100 to 12,000.
●Condos & townhomes up 7 percent, 5,200.
Prices
●Median price of single family up 5%-7% to $375,000.
●Median price of condominium up 10% to $275,000.
Commissions = $390 million.