The ongoing conflict involving Iran is affecting the Utah housing market, particularly in the housing market. Rick Southwick, an associate broker with eXp Realty and a member of the board of directors for the Utah Association of Realtors, said that while Utah's real estate market is generally resilient, there are warning signs tied to the conflict in Iran. Southwick highlighted the impact of increased interest rates on the average homebuyer's affordability, particularly affecting first-time homebuyers. He warned that even a small increase in rates could have a significant impact, potentially leading to 2,500 home sales losses in the Wasatch Front over the next year. As long as the job market remains stable, Utah's housing market should remain steady, but that could change if interest rates continue to rise.