If you live in Utah and are considering to buy a house, there are a lot of things you need to review. This, as with any other life-changing decisions, requires a great deal of research and patience.
There is a lot of questions to answer, too. Where in Utah exactly should you live? Salt Lake, Ogden or West Jordan? A bungalow or two-storey house? Should you consider having loft conversions? Which is better – cedar, asphalt, or metal roofing Salt Lake City residents recommend? But, one of the most important considerations of all is the timing. Is this a good time to invest in a house?
Entrepreneur named The 10 Hottest Housing Markets for 2014 and Salt Lake City ranked number one, followed by Seattle, Austin, San Jose, and Miami. But what’s behind this rise in sales of home in Utah? How did it manage to remain competitive and bounce back in full swing while the national economy is still unstable?
Housing in Utah — Well and Alive!
Utah’s housing and real estate industries are booming. According to Annie Cutler of Fox13, now is the time to sell or buy a house. But the term ‘booming’ should be used sparingly as the comparison is mainly based on the sales during and after the 2007 financial crisis. It has also been reported that the damage of the 2007-2011 financial crisis to Utah’s housing market is far greater than in most states. But, there is a very positive turn of events in the housing market, as this boom is a good sign of recovery.
In the 2014 forecast, indicators like employment and earnings played an important role in the state’s economic recovery. Business leaders had greater confidence, the state’s unemployment rate was low, and the private sector is growing — all these contributed to the recovery of Utah’s housing market.
Now is The Time to Buy a House in Utah
The housing market is slowly making its recovery and with the reports of a rise in sales of homes in Utah, a steady economy, and growing private sector, this may really be the perfect time for you to invest, whether for your family or for your business.