Salt Lake Housing Outlook
Because Salt Lake did not experience the height of the frenzied housing boom times, its housing market dodged the bust and has fared far better than many other areas. Moreover, Salt Lake is one of the "fastest-growing metropolitan areas in the country" and boasts a large Generation Y population eager to leverage the $8,000 first-time home buyer federal tax credit.
In fact, the so-called Millenials are entering the housing market in droves, stabilizing and, in many neighborhoods, increasing prices. As a result, Salt Lake boasts one of the healthiest housing markets in the country.
This is good news for visitors considering relocating to Salt Lake who are deliberating over or concerned about purchasing a home. The recent local housing trends indicate that your purchase is likely to remain a good investment.