The pandemic years were the wildest ever for Utah's housing market
Pandemic produces unprecedented swings on prices and new construction, says new report, ‘State of the State’s Housing Market, 2022-2024.’
A 10-year homebuilding spree and real estate boom that in many ways shaped Utah’s national image came to a crashing end last year, according to a new in-depth statistical analysis of residential markets. Home prices in the state look to have peaked in February 2022 after ramping up a staggering 28.2% the prior twelve months. Median prices then slowed and turned negative in January compared to the year before, but by July that gap had closed to just 2% — although home sales for the year are now expected to hit a nine-year low.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bidenomics strikes again: Real household income suffers biggest drop since Great RecessionNominally, households earned more money in 2022 than they did in 2021. But thanks to inflation caused by Bidenomics, real household income (that is, income adjusted for inflation) not only fell, but fell by an amount not seen since the Great Recession.
Lire la suite »
Ford announces leadership changes, adding more family to the mixFord says the great-great-granddaughter and great-great-grandson of founder Henry Ford would be taking on leadership roles in the company.
Lire la suite »
Utah settles with U.S. Magnesium over years of environmental violationsA company branded by environmental groups as a major Utah polluter has settled eight years worth of violations and lawsuits with the state of Utah.
Lire la suite »
Your app idea is more valuable in Utah: the Silicon Slopes advantageWhen it comes to turning your app idea into a successful startup, location matters.
Lire la suite »
Idaho tops states with highest housing price growth, but Utah not far behindWhen comparing housing price growth over the past decade, Idaho is the No. 1 state in the nation to see the highest increase in home prices. Utah ranks at No. 4.
Lire la suite »