Utah County Real Estate Strong Future Home Demand
Despite the fact that we have housing problems throughout the country, Utah has a few points of interest which make the prospect for tuture home demand strong. Utah's strong job growth and wage appreciation has landed It as the envy of the country. Utah leads the nation in many other indicators that will contribute to continued job and wage growth.
- Strong high school graduation rate of 76.7% of their students, compared to a national average of 69.6%.
- College graduation rate is sixth in the country.
- Home ownership rate is near 70%.
Utah is the only state where the home ownership rate has never fallen below 60%. These factors help build a culture of success, and we know that success is contagious.
Another statistic that Utah leads the country in is birth-rate. Utah is the youngest state in the country. Lots of kids mean a strong demand. Demand is good for future growth, as long as supply keeps up its side of the equation. Utah will continue for years to come to enjoy strong demand for all home types. I am so excited to see these indicators that should all help contribute to a very strong future home demand.
By: Robert A. Hulme - Realtor - Loan Officer -Utah County, Including Provo, Orem, Pleasant Grove, American Fork, Lehi, Highland, Alpine and Cedar Hills, Eagle Mountain, Payson, Saratoga Springs, Spanish Fork, Springville, Mortgage Xpress, Agent
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