A Surprising Shift to the ‘Burbs May Be on the Rise
A Surprising Shift to the ‘Burbs May Be on the RiseWhile many people across the U.S. have traditionally enjoyed the perks of an urban lifestyle, some who live in more populated city limits today are beginning to rethink their current neighborhoods. Being in close...
Unemployment Report: No Need to Be Terrified
Unemployment Report: No Need to Be TerrifiedLast Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next...
Will Utah Home Values Appreciate or Depreciate in 2020?
Will Home Values Appreciate or Depreciate in 2020?With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined...
A Day When Americans Can Return to Work
A Day When Americans Can Return to WorkSome HighlightsTaking a moment to reflect upon what we’ve heard from historical leaders can teach us a lot about getting through the many challenges we face today.We're all eager for the day when every American can safely return...
Unemployment: Hope on the Horizon
Unemployment: Hope on the HorizonTomorrow, the unemployment rate for April 2020 will be released by the U.S. Bureau of Labor Statistics. It will hit a peak this country has never seen before, with data representing real families and lives affected by this economic...
Utah ranks in the Top 10 states when it comes to the highest percent change in house appreciation, according to the House Price Index by the Federal Housing Finance Agency. The report noted that Utah home prices have appreciated 46.03 percent in the past five years. Nevada posted the highest appreciation at 81.84 percent. Connecticut was the lowest at 7.91 percent. The U.S. five-year average was 34.71 percent. Salt Lake City ranked No. 22 of 383 U.S. metropolitan areas in highest appreciation. Over the past five years home prices in the Salt Lake City area have increased 47.24 percent. The HPI is a broad measure of the movement of single-family house prices. It serves as a timely, accurate indicator of house price trends at various geographic levels. Written by Salt Lake Board or Realtors