Real estate blog entries tagged with construction by Benjamin Clark, Buyer's Agent - Certified Negotiation Expert (Homebuyer Representation, Inc.)

Home : Blogs : Benjamin Clark : Buying a Home near Salt Lake City, Utah? READ THIS! - Exclusive Buyers Agent Blog : Tag "construction"

construction: More Home Inventory Slows Rental "Appreciation" - 01/12/08 05:23 PM

As home inventory grows, typically rental rates don't rise as much. This is because people can just as easily buy than rent.
A recent article at Forbes.com suggests that even though Salt Lake's inventory of available homes for sale is growing, rental rates are still rising because job growth is the highest in the nation and is bringing in a "steady stream" of people into the state.
"Job growth also affects renters. Salt Lake City has one of the fastest rates of new construction, but it isn't fast enough to keep up with job growth. A 3.1% uptick in jobs is the highest of any city … (0 comments)

Related Links: