The housing market in Salt Lake City has definitely been impacted in a big way by the recession which started in 2008. Almost every facet of the economy has been affected. For example, new migration has been observed to fall significantly since this recession. The local labor market has been observed to record fewer investors while unemployment in itself is still below the 3% national average, and poor growth in the job sector is a real pacesetter for relocation. There is weakness in the demand for housing due to lack of support in migration.
Utah is ranked sixth in the ...
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The housing market in Salt Lake County has definitely been impacted in a big way by the recession which started in 2008. Almost every economic factor there is has been gravely affected. For example, new migration has dropped in a significant manner. The local labor market is reflected by the lack of newcomers. Unemployment in itself is still below the 3% national average and poor growth in the job sector is a real pacesetter for relocation. There is weakness in the demand for housing due to lack of support in migration.
Utah is ranked sixth in the nation where foreclosures have ...
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