Good News for the Utah Economy and Home Buyers!!
Lately there have been several positive articles about the state of the Utah economy, interest rates, new business moving to Utah and the expansion of several major Utah businesses. Here is a compilation of them for your viewing pleasure:
Interest rates for mortgages hit all time lows this week - http://www.cnbc.com/id/40130440/
Utah one of top ten places poised for economic recovery - http://www.newsweek.com/2010/11/08/the-top-10-places-in-america-poised-for-recovery.html and http://www.deseretnews.com/article/700079625/Salt-Lake-among-Newsweeks-Top-10-Places-in-America-Poised-for-Recovery.html
Utah is an economic Zion - http://www.newsweek.com/2010/11/08/how-utah-became-an-economic-zion.html
Industrial property growth in Utah - http://www.prnewswire.com/news-releases/utahs-largest-industrial-property-owner-expands-with-new-building-107025033.html
NuSkin building new headquarters in Provo - http://www.heraldextra.com/business/local/article_ccb1a53d-f41b-538f-ac4e-e4033317ae81.html?mode=story
Utah top ten place for jobs and business - http://www.consumeraffairs.com/news04/2010/10/if-you-re-looking-for-work-here-are-top-ten-states-for-jobs-and-business.html
These articles lend credence to the generally held opinion that home prices will stabilize for 2011, if they haven't already, and positive appreciation will begin in 2012.
While Utah does rank high for foreclosures, 2010 is/was supposed to be the peak. The market in Utah has likely gone through the worst and has still managed to remain relatively strong. There are plenty of investors and buyers who are snatching up these foreclosures, keeping home prices from falling more dramatically. Once the economy turns the corner on the national stage, Utah is poised to take off again.
If you are considering buying, be sure to let me know your criteria for your dream home in your price range and I will do my best to find it.
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