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Utah Real Estate Market Trends - Salt Lake City Home & Condo Trends | Housing Market 2008
Utah's economic rankings and the housing market. The economics of Utah support a strong real estate market.

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Utah's Economic Rankings and the Housing Market 

August, 2008

Utah continues to rank high with its economic indicators. These high marks and optimistic forecasts bode well for Utah's housing market compared with the rest of the nation. A summary of Utah's rankings, the source and the criteria is displayed below:Salt Lake City, Utah

Salt Lake City Ranked #3 for Home Sellers.
A Forbes study released April 7, 2008 cited strong job growth, a sharp drop in new construction and a declining home inventory as criteria for Salt Lake City's high ranking.

Salt Lake City Ranked #1 for Home Bargains.
Another Forbes study released earlier this year in February ranked Salt Lake City as the best bargain in the country for house hunters. Factors included low foreclosures, job growth, high inventory and property owner's willingness to negotiate the sale of real estate.

Utah Ranked #1 for Economic Competitive Advantages.
The Beacon Hill Institute of Boston, ranked Utah as the most economic competitive state in the nation. Criteria for this evaluation included fiscal policy, security, infrastructure, human resources, technology, business incubation, and openness.

Utah Ranked #3 for Business. Salt Lake City, Utah Commerce
CNBC ranked Utah just below Texas and Virginia as the top states in the country for business for two consecutive years - 2007 & 2008. Factors used in the analysis included the economy, workforce, education, quality of life, cost of doing business and business friendliness.

Utah Ranked #1 for Economic Outlook.
The American Legislative Exchange Council ranked Utah in the number 1 position in the U.S. for economic outlook in December, 2007. This forecast gauged Utah's economic future on criteria such as security, infrastructure, business incubation, fiscal policy, minimum wage, tax policy and education.

Provo-Orem Ranked #1 for Best Performing Cities.
The Milken Institute ranked Provo-Orem top in the county for job creation, retention and economic growth.  The report was released September 10, 2008. Salt Lake City is ranked #3 and Ogden-Clearfield is ranked #18. St. George, Utah is ranked #4 among small metropolitan areas. With so many Utah cities achieving top economic performance in the country, Utah's forecast for growth is very high. 

Often as go the economy, so goes the real estate market. Utah is in a good position for its housing market to weather the current national economic storm.




 

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Barry J. Preusz
REALTOR | Residential Specialist

1218 East 7800 South
Salt Lake City, Utah 84094

Office: 801-993-0083



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Utah Housing Market Trends | Real Estate Trends - Salt Lake City Home & Condo Trends | Utah Housing Market 2008

Utah's economic rankings - CNBC, Beacon Hill Institute, American Legislative Exchange Council - workforce, quality of life, economic future outlook, fiscal policy, security, infrastructure, business incubation, minimum wage, tax policies.

Key topics this month: Utah economy, Utah economic ranking, Utah housing, Utah market, CNBC, Beacon Hill Institute, American Legislative Exchange Council, Forbes, housing market, real estate market, Utah, UT.

Serving Salt Lake County, Salt Lake City, Utah County, Provo, Davis County, Bountiful, Summit County, Park City, Wasatch County, Heber City, Weber County, Ogden, Tooele County, Tooele.

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