Have you heard all the doom and gloom about the real estate market in the news the past few months?  Well, that is not the case with the Utah real estate market.  MSN recently released a ranking of the best housing markets with respect to price appreciation.  Utah is ranked #4 (Ogden - Clearfield), #6 (Provo-Orem), #7 (Salt Lake City), and #8 (Logan). They listed 291 US cities.  The majority of the down markets are in Florida, California, and Nevada.  St George is listed #220 but that is after record appreciation the past few years.  Over a 5 year period, St George is still up 77.85%.  Where the Utah market is seeing most of the problem is with new construction homes.  Many builders are stuck with a large inventory of homes built at high costs but current homes are still turning.  We will see some of the foreclosures from people who bought more home then they can afford but overall, the Utah market is still rolling along. 

Check out my website at www.kristinesupoto.com
 
Posted by Kristine Supoto on 03/08/2008 10:37 PM   Comments (0)  
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Kristine Supoto

Riverton, UT

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Equity Real Estate

Address: PO Box 95983, South Jordan, UT, 84095

Office Phone: (801) 865-6490

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