economy: Salt Lake Among Healthiest Housing Markets in the United States - 11/22/11 02:57 PM
Builder Magazine ranks Salt Lake City, Utah as having the third healthiest housing market in the U.S.
Good things happening in the Salt Lake City metropolitain area:
Income growth next year is expected to be one of the best in the country. Job growth this year was 2nd best in the country. (Over 35,000 new jobs last year) Population continues to grow. New companies in a variety of sectors keep moving to town. We have some great colleges, universities and tech colleges in the area. Residential building permits are up 16% (Salt Lake REALTOR Magazine, Nov 2011) Residential home prices are … (2 comments)

economy: Rent or Buy? - 02/24/11 08:07 AM
If you are trying to decide whether or not you should rent or buy in today's economy, I ran across this great little tool that can HELP you analyze what might be best for you.
http://www.nytimes.com/interactive/business/buy-rent-calculator.html
I say "HELP" you analyze what is best because in order for it to be anywhere near accurate, you will have to do some research on each of the variables that are required for it to make a calculation. You will also need to have at least some idea about how long you want to "settle" down in the area you are considering renting or … (2 comments)

economy: Home Prices Up in 6 Salt Lake County Cities - 02/08/11 08:26 AM
This is in no way a suggestion that the market has hit bottom in any of these areas, but in the fourth quarter of 2010 home prices were actually up in 6 Salt Lake County cities. We'll have to wait until we are into the Spring season to see if the trend continues in these areas and if it spreads to other communities in the county.
The 6 cities where values were up were:
Draper (84020) - UP 7% West Jordan (84081) - UP 6% Sandy (84092) - UP 12% Herriman (84096) - UP 10% Salt Lake City (84103) - UP … (0 comments)

economy: Utah Ranked Best State for Business and Careers - 10/22/10 10:43 AM
Among all 50 states, Utah adds yet another top end ranking to it's list of growing accolades I've been trying to keep up with over the past few years. Forbes.com recently ranked Utah as the "Best State for Business and Careers."
Here are a few other honors earned by Utah and Salt Lake City that I'm aware of:
Best Commute in the Country (Salt Lake) Least Stressful City in America (Salt Lake) 2nd Healthiest State (Utah) Best City for Bargain House-Hunters (Salt Lake) Most Fiscally Fit State Government in the U.S. (Utah) Household Incomes Rising Fastest in the Nation (Utah - … (3 comments)

economy: Glut of Overpriced Homes Hurts Everyone - 06/28/09 06:39 PM
People who don't really need to sell their home should not put them on the market at ridiculously high prices.
Prices don't go up 20% just because Sellers LIST their homes at 120% or more of market value. In order for prices to stabilize and/or improve, inventory levels need to shrink or the number of Buyers needs to increase significantly, and quickly.
It doesn't help anyone if more than 63% of the inventory on the market is significantly overpriced.
I work with Buyers Only. We see LOTS of homes. Many of my clients write offers on multiple homes before we … (2 comments)

economy: 5 Reasons Utah is Weathering the Economic Storm - 04/13/09 07:19 AM
A recent ABC4 news report points out some reasons why Utah is weathering the economic storm better than other states. Diversification seemed to be the main theme. All of Utah's eggs aren't in one basket.
Here are 5 of the examples given:
International Exports Tourism Alternative Energy Research & Development Technology Research & Development Population Influx - People AND Businesses are relocating to Utah While Utah isn't an economic Utopia, the diverse interests of it's residents and it's industrial pursuits certainly make it a great place to live.
Utah generally receives favorable scores in surveys and analyses regarding great places to … (1 comments)

economy: Best Cities to Weather a Recession? Salt Lake City Among the Top 10 - 11/26/08 10:14 AM
According to a recent BizJournals story on MSN.com, Salt Lake City "would appear to be well situated to confront the recessionary challenges ahead."
The report looks at areas of the country that have undergone rapid growth in the past 10-20 years and are continuing to expand. It asserted population growth as a positive factor in a strong local economy in bad times, and Salt Lake appears to be doing well in that department as well.
The outlook for areas that are undergoing expansion is good because as population grows, infrastructure is needed to support the additional people, and the entire local economy benefits from that … (5 comments)

economy: Salt Lake City Utah Population Explosion Predicted - 11/20/08 04:41 PM
The Salt Lake City Board of Realtors published a press release on November 13, 2008 suggesting that the population of the Wasatch Front (Salt Lake Included) is expected to double by the year 2040.
The prognosis was made by Arthur C. Nelson, presidential professor of city and metropolitan planning at the University of Utah.
He suggests that the population of the United States will grow faster than any other nation during that time other than India or Pakistan.
By 2040 the population along the Wasatch Front is predicted to reach 4.2 Million as compared to approximately 2 million people today.
The full article can be … (4 comments)

economy: Salt Lake City is a Perfect Example - 02/01/08 04:37 AM
This snippet is from a recent Forbes.com article on rent affordability. What caught my eye was the phrase I bolded and underlined below.
"Behind The Numbers When people move to an area, they often do so because of a job. That's why migration figures and job growth are invariably intertwined. As an expanding local economy lifts salaries, housing prices grow because buyers have the money to pay for better properties. Salt Lake City is a perfect example. (emphasis added) The metro's high job-growth rate has resulted in huge in-migration and a housing market where prices grew by double-digit percentages last year.
But … (0 comments)

 
Benjamin Clark, Buyer's Agent - Certified Negotiation Expert (Homebuyer Representation, Inc.) Rainmaker large

Benjamin Clark

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Salt Lake City, UT

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