That is my headline for today's real estate news. So, while you may have read and heard in various media headlines that "foreclosures are skyrocketing" in Utah that
just isn't the case.
Here us some more surprising data recently released at year's end 2007:
1. Utah experienced a population growth of 3.2% which means that 85,000 new people moved into our state in 2007.
2. Over 1/2 of that 85,000 move-ins, were from out-of-state.
3. Utah added 50,000 new jobs due to all of those new people moving into our great state.
4. Job growth in Utah for 2007 is still at a healthy 3.6% in 2008, which is 4 times the national average!
5. Pay growth in Utah rose above the national average at 5.5%.
6. Only 2.5$ unemployment...the lowest in the nation.
7. Utah was recently named by Beacon Hill Institute as "the most economically competitive state in the nation."
8. At the end of March 2008, Utah has the lowest foreclosure rate for subprime ARMS in the country.
9. All indicators show that Utah will add an additional 85,000 new move-ins to our state in 2008.
10. Interest rates are the lowest they have been in years, so now is a perfect time to buy in Utah...due to our strong economy and our great supply of housing, making
this a great time to buy a home and invest in real estate in Utah.
So to summarize...I couln't be in a better business because real estate drives the economic engine of our state and I look forward to helping you.