National Economist Dubs Utah Homes for Sale an Increasingly Popular Commodity
by Joel Carson
Utah’s housing market is a shining example of economic recovery according to Lawrence Yun, chief economist and senior vice president of research for the National Association of Realtors.
A Feb. 17 Ogden Standard Examiner article by staff writer Mitch Shaw chronicled Yun’s visit to Utah to present to Top of Utah Realtors at the Ogden Marriott Hotel. If you’re looking at Utah homes for sale, you’re looking in the right place. Yun reportedly praised the Mountain West Region – especially Utah, Colorado and Idaho – as hot spots for improvement as people flock to these states.
In his article Shaw cited comments from Yun regarding the growth opportunity at hand for Utah – one of the fastest-growing states in the country. The economist predicts steady increases in Utah home sales and home sales throughout the nation in 2012. In fact, the prediction leans toward a national increase of 6 to 9 percent.
It’s no surprise Yun noted a wide variety of factors contributing to the increase including: an improved job market, a recovering stock market, and low interest rates. Homes are affordable and home loans are becoming more attainable.
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