Don't get too excited about the poor housing news that is out there. Utah (and especially Cache Valley) is on the cusp (yes cusp!) of turning things around. Prices have not slipped here as they have nationwide. Believe me, I know. I have a rental home in Arizona that is worth $40,000 less than when I bought it a few years ago.
Cache Valley is still seeing sales, more so in the below $200K range. Interest rates are low, and soon to go lower, if the Fed does what is expected today. Great deals are to be had in the above $200K range. It is time to buy. If your credit is decent and you are ready to pack a few boxes, now is your chance to have an interest rate below 5% on a 30-year fixed.
Do not believe that Cache Valley is going to depreciate. The prices here have been lower than the national average for years. We are slow to move up and also slow to move down.
Call me if you have any real estate questions, or just want to chat.
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