It could be worse
The Tribune reports that, as dismal as it may seem, Utah's real estate market is the best in the country.
In a report released Tuesday by the Office of Federal Housing Enterprise Oversight, Utah is No. 1 among all states in home-price appreciation, from the fourth quarter of 2006 to the same period in 2007, with a 9.27 percent gain. It is the state's fifth consecutive quarter in the top spot."We do have a lot of inventory, which has caused prices to have flattened," says the Salt Lake Board of Realtors' Bill Heiner. "But we're still doing well."
For that, thank Utah's continued job and population growth and low unemployment.
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