Thinking of buying a
home in Utah?

Base your decision on local facts


FACT: Utah's economy leads the nation with high job growth and low unemployment.

FACT: Mortgage rates are at historic lows. Loans are readily available for qualified borrowers, there are good financing options for those with less-than-perfect credit, and the economic stimulus package will expand the availability of government-backed loans.

FACT: Utah has seen record population growth. In 2007, Utah had more people added to its population than in any other year. This strong growth is expected to continue with the state projected to add nearly 30,000 new households in 2008.

 

Recent News

> Wasatch Front home sales see increase in May

Home and condo sales along the Wasatch Front have been increasing every month since the beginning of the year. In May, sales were up 4 percent compared to April and were up a whopping 59 percent since January. Read article...

> KSL TV: Utah housing market faring well; tax credit may help even more

The chief economist of the National Association of Realtors reports that Utah and other Rocky Mountain states are positioned to see improving conditions for real estate. Watch the video...

> Forbes magazine says Salt Lake is practically recession-proof

The nation may be facing a number of economic challenges, but in cities like Salt Lake, things are just fine, says a recent article from Forbes magazine. Salt Lake City came in at No. 6 on Forbes’s “10 Recession-Proof Cities” list because the city has one of the lowest unemployment rates in the country (even though the rate has seen a rise) and the state is still creating jobs. Read more…

> Forbes magazine names Salt Lake third-best city for home sellers

Salt Lake is the third-best city for selling a house, says a Forbes analysis. In its “Best Cities for Home Sellers” report, Forbes said that high job growth combined with declining inventory and a sharp drop in new construction — “despite not having an overwhelming inventory glut” — make Salt Lake City a good market for sellers. Read more…

> Forbes magazine ranks Salt Lake best city for bargain house-hunters

Forbes magazine suggests that house shoppers looking for a bargain should look at markets where "job growth is strong, foreclosures are relatively low and inventory is high" - characteristics all found in Salt Lake City. Read more…

> Wall Street Journal editorial says 'Housing crisis is over'

An editorial in the May 6 Wall Street Journal says “it’s very likely April 2008 will mark the bottom of the U.S. housing market.” Author and hedge fund manager Cyril Moulle-Berteaux says affordability, the same factor which led to the bust, will stop the housing decline. Read the entire editorial at the Wall Street Journal's Web site...

>Time magazine says now is the time to buy real estate

A Time magazine columnist says trying to time real estate may not pay off; in fact, waiting a year to buy may actually cost more - even if home prices fall - because financing costs are expected increase next year as the Federal Reserve seeks to curb inflation. Read more…