2017 Salt Lake Housing Forecast

Salt Lake County's residential market had its best year since 2006. Superb fundamentals-strong job growth, increased net in-migration, low mortgage rates, and solid wage gains-supported increased levels of sales activity and pushed up single-family and condominium prices to all-time highs. Prices are above pre-recession levels and have finally fully recovered from the great recession.

Below are some of the highlights from the Salt Lake Board Salt Lake Housing Forecast for 2017

  • Highest level of home sales in 10 years
  • Housing shortage raises home prices
  • The number of underwater homeowners in Utah s from a high of 21% in 2010 to 2% in 2016
  • More Millennials will move to homeownership
  • Mortgage rates will tick up
  • Affordability will decline
  • Supply will improve some
  • Strong price and sales increases but not double-digit

 

Free download for the complete 2017 Salt Lake Forecast available below 

2017 Salt Lake Housing Forecast

Economic And Real Estate Market Outlook

Feel free to contact us for any questions or comments on our local Real Estate Market at 801-694-0903 or contact us here.

 

 

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