UTAH HOUSING MARKET
Praise Given for The Burgeoning Utah Housing Market
The Housing Market in Utah has been going strong all year and after reading this great article in 'The Deseret News', written by Herb Schribner, we understand why people are flocking to our state to live, work, and play! Construction of new homes is definitely on the rise!
Utah Housing Market
Utah Has a Burgeoning Housing Market- Real estate news website Realtor.com recently said Utah and Idaho both joined the ranks for hot markets for homebuyers, standing alongside long-time hotbeds like Seattle, Denver and Oregon.
Annual prices surged throughout many cities in the U.S. Seattle prices rose the most (12.7 percent), while Utah placed second at 10.7 percent and Colorado at 9.2 percent, according to a report from CoreLogic.
Year-over-year prices also surged in Utah and Idaho. Salt Lake City saw an 8.8 percent growth in June, while Boise had an 11 percent increase.
Prices rose 6.7 percent overall nationwide, according to the report.
Danielle Hale, the chief economist of Realtor.com, said she isn’t surprised to see Utah and Idaho joining the ranks of others.
She said the two states 'have a lot of the benefits and advantages of other sunny Western cities with lots of outdoor activities, decent job growth, technology companies relocating to that area.”
She also said the states are 'attractive places to live especially since (they're) more affordable than some of the other Western markets.”
An ongoing housing shortage has affected Utah, according to a 2016 analysis by James Wood, the Ivory-Boyer senior fellow at the University of Utah's Kem C. Gardner Policy Institute.Local experts said the crises may not have a conclusion anytime soon, though.
'We're getting hit with factors that, combined, have put us in very precarious housing situation that's going to take some time to get out of,' said Jaren Davis, executive officer of the Salt Lake Home Builders Association. 'Land, labor and regulations are our biggest hurdles.'
Search All Utah Homes
Linda Secrist's Salt Lake City Real Estate Home Page • Salt Lake City Real Estate • Draper Utah Real Estate • Holladay Utah Real Estate • Sandy Utah Real Estate • South Jordan Utah Real Estate • Salt Lake City's Top Real Estate Agent
Blog Archive2019-03-14 09:33:28
'THE 1ST SIGN OF SPRING IS GREEN'
6 Home Upgrades Under $1,000
IS IT SPRING YET?
Salt Lake Among Top U.S. Capital Cities to Live In
New Homes on Tour, March 2, 2019
2019 DEER VALLEY MUSIC FESTIVAL SCHEDULE
Luxury Open House Tours, Saturday, February 23, 2019
37 Things to Do in Salt Lake City, Utah
These New Homes Are Selling Fast!
Snowbasin to Join Multi-Resort Epic Pass
BRAND NEW HOMES STARTING AT $388,000? YOU'VE GOT TO BE KIDDING!
5 Facts About Selling a Home in the Winter
'SWEET' SANDY HOMES FOR SALE
Sundance for the Casual Festival Goer
Hot Homes On A Cold Day!
What to Pack for a Ski/Snowboarding Vacation
5 LUXURY OPEN HOUSE TOURS SATURDAY, JANUARY 19, 2019
Alta Voted Best Ski Resort in Utah
2 Luxury Open House Tours- Saturday, Jan 12, 2019
Salt Lake #1 For Millennial Homebuyers
'NEW YEAR - NEW PRICE'
10 Real Estate Terms Experts Say Millennial's Should Know
The Best Luxury Homes of 2018
Salt Lake City Gets Green Light to Bid for Winter Olympics
Announcing 'The Parkview Villas' Sandy's Newest Twin Home Community
Click here to see ALL articles.