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> 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
Forbess 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
its 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
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