Utah was rated by Forbes to be #1 for population growth!
Utah grew by 68,000 people but has grown at 2.5% year over year.
There were over 40,000 new babies in the state. Utah's own growth accounts for the majority of the growth but we do have in migration.
What it means to Utah Real Estate
What is amazing....Utah has grown while sales of real estate declined to the lowest levels in 13 years. What does this mean? It means a majority of our population was scared to buy a home and are planning on it soon. Our sales can only do one thing...that is increase. We are basically like a 5 year old still living in a 2 year old shoes. We have hit bottom in number in transactions. Many prices will continue to decline especially if interest rates go back up. But with rates in the 4's, we are selling!
About the Author:
Utah Dave - Daybreak Neighboorhood Expert and Local Resident
My friends nicknamed me Utah Dave in high school because they said it didn't matter where we went in Utah, I would know how to get there and who we needed to talk to. The name sticks today as UtahDave has formed into a professional real estate network of Neighborhood Experts all across the state. I live in Daybreak with my wife and 4 amazing children. I enjoy dancing (which is how I met my wife Dawn) as well as traveling, coaching, and learning.
