Utah Housing still booming
According to the Salt Lake Tribune Utah housing is still doing well.
Utah’s home price appreciation, the worst in the country just three years ago, is now the 10th best nationwide.If you found this post helpful, consider donating to my coffee fund!
Home prices statewide rose 15.2 percent in the year that ended in June, according to a report released Tuesday by the Office of Federal Housing Enterprise Oversight, a government agency that tracks housing values nationally. Utah moved into the top 10 from No. 15 in the agency’s last report three months ago.
Nationally, home prices rose only 10.1 percent in the year that ended in June, reflecting a downturn seen in markets throughout the country that experienced a rapid run-up in prices in the past several years.
Salt Lake City economist Jeff Thredgold, a Zions Bank consultant, believes Utah may be ranked sixth or seventh in home price appreciation by the end of the year.
He attributes that rosy outlook to Utah’s strong economy, which continues to outperform much of the rest of the country.
In addition, “Home prices are still reasonably cheap here, compared with neighboring states,” he said, which tends to fuel investment in the area.
That said, he expects appreciation along the Wasatch Front to kick down into the 8 percent to 12 percent range next year.
![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
-
Home Prices Hot In Some Areas The Wall Street Journal reports that not all places are experiencing a decline in home prices.The housing news isn't all grim. Even as prices sag nationwide, there are several cities in the country where home values are climbing smartly.Portland, Ore., Boise, Idaho, Seattle, Salt Lake City, Houston, Austin, and Charlotte...... - High home prices causing Californians to flee The New York Times 7th November edition ran an interesting article - Saying Goodbye California Sun,Hello MidwestIt basically mentioned what I've been telling people for nearly a year now. Once housing starts getting too expensive, people are going to start moving to cheaper places. Last year 100,000 more people left......
- More On Real Estate Research In a previous post, I had explained how I research real estate market cycles.At the time (around september 2005) I was looking for a place to invest the proceeds of my california properties which I thought had peaked. I chose Salt Lake City because it looked primed to start appreciating.......
Related Websites
- Russian Coins Coins & Paper Money -> Coins: World -> Russia Russian coins have recently become a popular investment, with many of the popular dealers selling out of supplies, and some older and more rare coins earning over $45,000 at auction. Many people gave up on Russian coin collecting in 2007 because......
- Review: The Italian’s Secret Child by Catherine Spencer t Matteo De Luca is one prideful, stubborn man. He was stubborn at twenty-five and he still is at thirty-five. He’s very wealthy and comes from a blueblood Italian family but chooses not to share this with anyone, especially our heroine until after she is staring gobsmacked at his house......
- Antique Bird Cages Dealers -> Antiques -> Decorative-Arts Years ago, before the introduction of plastics and resins, even animals’ indoor homes like antique bird cages were considered beautiful pieces of furniture. Of course, some were plain and utilitarian, but many more were actually created in the popular furniture styles of the times. Bird......
[All content is copyright of Living Off Dividends & Passive Income]
Leave a Reply