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economic update: More News On Hope of Economic Recovery! - 03/30/09 08:49 PM
"Utah's economy is following a path that can return the state to it's prior level of prosperity." This encouraging comment was made by Kelly Matthews, Wells Fargo economist, to a sold out crowd at the Governor's third annual Utah Economic Summit. Matthews stated that while challenges still remain, he believes the recession, now in it's 17th month, is bottoming out and Utah's economy is poised for a strong recovery. There were a number of representatives from the business, education and government sectors present at the summit. They said that although they may not share the same level of optimism, they agree the state
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economic update: Is The Decline Of The Real Estate Empire Over? - 03/23/09 06:07 PM
Is it possible that new home starts and new mortgage applications were up in February? The following is economic update info courtesy of one of my fave loan guys. The Commerce Department reported that housing starts unexpectedly jumped 22.2% in February to a seasonally adjusted annual rate of 583,000 units. This ended the longest streak of declines in 18 years. Economists had anticipated a 3.4% decline to 450,000 units. Leading the surge was an 82% increase in the building of multifamily homes - condominiums, apartments and townhouses - to 226,000 units in February from 124,000 in January. Housing starts for
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Suzanne Gallegos~Realtor ~-Salt Lake City, Utah Homes
Salt Lake City,
UT
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Keller Williams Utah Realtors
Address: Keller Williams, 6965 Union Park #160, Midvale , UT, 84047
Office Phone: (801) 858-0000
Cell Phone: (801) 910-1152
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