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Salt Lake Utah Housing Trends

Salt Lake Utah Housing Trends

Salt Lake City, Utah and its surrounding areas have become one of the most attractive places in the state to live. Salt Lake boasts an extensive list of cultural and art recognition along with numerous popular events, fairs, and parades. Salt Lake also supports a growing list of new businesses. With all the area has to offer, it continues to rank high with a well-recovering housing market. 2016 saw a rise of home growth and value appreciation. In all sectors, Salt Lake housing has surpassed the national average, including the related fields of employment, household income, and median home price. Despite other places where apartment and condos have overrun house buying, Salt Lake has remained in favor of homes. Current prediction: BUY The changing of presidential offices always has an impact on larger markets such as real estate, but construction, loans, and interest rates are still at their best. New favorable areas are being plotted for development, and the market is on the mend. Buyers who have purchased within five years are seeing healthy appreciation (increase in asset value) and new buyers may still be able to get in on this trend. For inquiries about your home’s value, or for more information on Utah’s housing trends, call your friends at Aspen Appraisals today.

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