This week we wanted to share some great information about the Utah Market provided by Berkshire Hathaway HomeServices Utah Properties.
WE ARE IN THE BEST STATE FOR BUSINESS
The perennial winner of Forbes' annual Best State for Business award, Utah remains competitively positioned to support continued real estate growth. With an abundance of technology, health care, and creative businesses planting roots in Utah, our state unemployment rate is among the lowest in the country at just 4%. Due to the state's unprecedented economic evolution, real estate sales are likely to remain robust in northern Utah.
JOB GROWTH MEANS HOUSING GROWTH
Utah’s job growth rate is 3 to 4 times higher than the domestic average due to the relocation and expansion of companies who favor a highly-educated work force and economic incentives. In real estate, this continues to produce a steady stream of qualified buyers enticed by Utah’s affordable home pricing and unparalleled lifestyle. With favorable business conditions, the trends of relocation and increased housing demand should continue.
PRICES AND DEMAND ARE GRADUALLY RISING
Since 2011, we've seen a 48% increase in median single family home prices. The market has completely recovered from the recession and shows no signs of slowing. While median and average prices continue to climb, courtesy of new development and property renovation, there are still market pockets ideal for entry-level buyers.
DEMAND IS AT AN ALL TIME HIGH
With most homes selling within two weeks in Salt Lake County, there's clear evidence of healthy homeowner demand. Historically low inventory has produced a market where buyers outnumber properties. Pre-qualified buyers, who can move quickly into the market, have an advantage. Those guided by Utah Properties experts are alerted to properties as soon as they hit the market.
KEY TAKEAWAYS
Overall, the real estate sector looks bullish. Utah's strong economic performance and job growth coupled with moderately rising interest rates have created a climate of urgency. To get a more detailed profile of your local market, reach out.
I like the helpful info you provide in your articles. I will bookmark your weblog and check again here regularly. I'm quite certain I will learn a lot of new stuff right here! Best of luck for the next! cheap nhl jerseys
You really make it seem so easy with your presentation but I find this matter to be actually something which I think I would never understand. It seems too complex and very broad for me.
I'm looking forward for your next post, I'll try to get the hang of it!
Greetings! Very helpful advice within this article! It is the little changes which will make the most significant changes. Thanks a lot for sharing!
Hello there I am so thrilled I found your blog page, I really found you by mistake, while I was researching on Askjeeve for something else, Regardless I am here now and would just like to say many thanks for a remarkable post and a all round entertaining blog (I also love the theme/design), I don't have time to read it all at the moment but I have book-marked it and also added your RSS feeds, so when I have time I will be back to read much more, Please do keep up the fantastic work.
Superb, what a website it is! This weblog gives useful facts to us, keep it up. wholesale nhl jerseys
Remarkable! Its really amazing piece of writing, I have got much clear idea on the topic of from this paragraph.
You should be a part of a contest for one of the best blogs on the web. I'm going to recommend this web site!
wholesale nhl jerseys
Everything is very open with a clear explanation of the issues. It was definitely informative. Your site is extremely helpful. Thank you for sharing!
Hi there! This post couldn't be written any better! Reading through this post reminds me of my old room mate! He always kept chatting about this. I will forward this write-up to him. Pretty sure he will have a good read. Many thanks for sharing!
Excellent post. I was checking constantly this blog and I am inspired! Very useful info particularly the last section :) I care for such information much. I used to be seeking this particular info for a very long time. Thank you and good luck.