The Milken Institute ranks metropolitan areas by how well they create and sustain jobs, wages and salaries and technology.
Their report, dated September 10, 2008 shows Utah's Largest Metro Areas strong atop the list of over 200 Large Metropolitain areas nationally.
Provo-Orem comes in at #1 with Salt Lake City at #3. Ogden, Utah came in at a respectable #18 and Saint George, Utah ranked #4 among the nation's "smaller" metropolitain areas included in the report.
While employment and job creation don't make up the whole of an area's economy, they certainly contribute to it's general health. Growth in the employment sector helps sustain other areas of the economy, like real estate.
The Salt Lake real estate market appears to be holding its own against the challenges that have been dealt nationally, such as:
- Elimination of No Down Payment Loans
- Fewer Qualifying Down Payment Assistance Programs
- Early leaders in the home price appreciation frenzy whose values were raised more than their markets could bear
- Fewer Jobs and Opportunities as people relocate to other environments
Utah seems to continue to attract businesses, families and individuals, helping add to the demand for housing. Many sellers who were overpricing their homes by tens of thousands of dollars have either pulled their listings or have begun to get serious about their home's realistic market value.
If you are relocating to Salt Lake City or the surrounding area,
Buying a home in Salt Lake City or the Surrounding Area? Make sure you get an Agent on YOUR side of the transaction!
If you have excellent credit and will be buying a $250,000-$750,000 home in the next 30-60 days and would like an agent who will work exclusively for you, call us at (801) 969-8989 or contact us via the link on this page.
©2008 Homebuyer Representation, Inc. "The Real Estate Agents on the Buyer's Side" ™ Exclusive Buyers Agents (EBA) - All Rights Reserved
Exclusive Buyer Brokerages do not list homes and never represent Sellers. Their agents represent Buyers ONLY on the Buyer's side of the transaction. They work to get BUYERS the Best Price and Terms when they Buy...
©2008 Homebuyer Representation, Inc. - Salt Lake City, UT
Exclusive Buyers Agents (EBA) - All Rights Reserved