Salt Lake City Real Estate Blog

Here is an interesting article in the Utah Business Magazine on why Utah real estate may not suffer the same as Florida, California and most of the rest of the country. It explains that we are now in more of a balanced market with home prices still increasing, and that the strong economic growth is helping limit any downturn in the local real estate market.

It also touches on one of my pet peeves, where local media report on the national real estate market like it is the local market. When people see that home prices are falling in Florida and California of course they are going to get worried, particularly when the report does not explain that the market is not like this in Utah.

This entry was posted on Wednesday, November 7th, 2007 at 9:49 am and is filed under Home Prices, Real Estate Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.