Builder Magazine Predicts Bright Future for Salt Lake Housing Market

By
Real Estate Agent with Urban Utah Homes & Estates

A recent article in the Builder Magazine predicts a bright 2012 for the Salt Lake City Housing Market. They teamed up with Hanley Wood Market Intelligence to produce their list of healthiest housing markets in the United States. The list was compiled using various criteria including the local employment market, population growth, and income growth. The resulting list saw Salt Lake coming in at the 3rd healthiest housing market in the country, with a projected 4.7 percent price increase in 2012.

This data backs up what we have recently been seeing in the housing market, with this years home prices stabilizing, the rental market tightening and the number of home sales greatly increasing. We are certainly busier than we have been for a while, only time will tell if this translates into home price appreciation in 2012.

This Builder Magazine Predicts Bright Future for Salt Lake Housing Market article was originally published on our Salt Lake Real Estate blog.

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Real Estate Market Trends
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Utah Salt Lake County Salt Lake City
Tags:
housing market
home prices
utah
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Rainer
117,647
Nicole Needham
Needham Realty - Winters, CA
SFR (530) 302-5478

Trela,

That is great news for the Salt Lake City home builders. Hopefully it's time for this thing to turn around.

Nov 30, 2011 03:53 PM #1
Rainmaker
286,434
Trela Bird
Urban Utah Homes & Estates - Salt Lake City, UT
Realtor, Salt Lake City Utah

Fingers crossed, we seem to be really busy at the moment, given that this is usually quiet time. So hopefully its not just the home builders, but also resale homes.

Nov 30, 2011 03:59 PM #2
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Rainmaker
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Trela Bird

Realtor, Salt Lake City Utah
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