jobs: 2012 Salt Lake Housing Forecast Report - 01/18/12 07:34 AM

I attended the 2012 Salt Lake Housing Forecast Meeting this morning. The two presenters this year were Eric Belsky, Managing Director of the Joint Center for Housing Studies at Harvard University and James Wood, director of the University of Utah’s Bureau of Economic and Business Research. While Mr. Wood's remarks were pointedly local, Mr. Belsky's report covered the state of the housing market nationally, with concluding remarks to show where Utah stacks up among the states.
The expectations? Cautiously and realistically optimistic. Realistically meaning that while there were no bold statements of certain recovery, the outlook is that things are … (0 comments)

jobs: 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)

jobs: 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. 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)

jobs: 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)

jobs: 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, 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)

jobs: Salt Lake City, Utah Job Market Among the Most Healthy in the Nation - 10/02/08 09:22 AM
The latest Conference Board Press Release (Dated October 1, 2008) shows some areas of the country where the number of available jobs exceeds the number of unemployed. One of those cities (the one at the top!) is Salt Lake City, Utah.
The Conference Board reports that "35 of [the] top 52 Metro areas post over-the-year declines in job demand." Those living in the Salt Lake City area have a lot to be greatful for. The real estate "boom" here started late and ended early when consumers saw surrounding areas starting to bust. Home values have held fairly flat, which is pretty … (4 comments)

jobs: Provo-Orem and Salt Lake City, UT at top of 2008 Best Performing Cities Index - 09/15/08 09:19 AM
The Milken Institute ranks metropolitan areas by how well they create and sustain jobs, wages and salaries and technology.
Their report, dated September 10, 2008 shows Utah's Largest Metro Areas strong atop the list of over 200 Large Metropolitain areas nationally.
Provo-Orem comes in at #1 with Salt Lake City at #3. Ogden, Utah came in at a respectable #18 and Saint George, Utah ranked #4 among the nation's "smaller" metropolitain areas included in the report.
While employment and job creation don't make up the whole of an area's economy, they certainly contribute to it's general health. Growth in the employment … (0 comments)

jobs: 20-30 Year-Olds Help Sustain Utah's Economy - 02/26/08 03:21 PM
The New York Times printed an article explaining how the percentage of Utah's population in the 20 to 30 year-old range has helped keep its economy strong over the past few years while other areas of the nation have suffered.
The article focused on the job growth sector of the economy, but it is also true that people in the 20-30 year-old range are at the age where they are buying their first homes. When you have more people buying first homes, you have more move-up buyers and the whole cycle moves. Take away the 20-30 year-old demographic and the whole cycle … (7 comments)

jobs: 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 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)

jobs: Salt Lake City - Best City For Jobs in 2008 - 01/12/08 04:08 PM
In an article titled Best Cities For Jobs In 2008 by Forbes Magazine, Salt Lake ranked #1.
"Salt Lake City, in all its tech-job abundance, looks like it will remain No. 1 since's most recent ranking ( see last year's story). "
If you will be relocating to the Salt Lake City area in the next 3 to 6 months, call Homebuyer Representation to find out how we protect your best interests when you buy a home.
Homebuyer Representation, Inc. is an Exclusive Buyer Brokerage serving Salt Lake and surrounding areas. We do not list homes and we don't represent Sellers. We work for … (0 comments)

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