The first piece of good news comes from Fiserv, the creator of the Case-Shiller Indexes. The company recently said housing prices are projected to rise in all Utah metro areas by the beginning of 2013. The analysis is part of a forecast for more than three hundred eighty metro areas.
By the first quarter of 2013, Fiserv says home prices should be up eight-and-a-half percent in Ogden-Clearfield, more than five percent in Salt Lake, more than five percent in St. George, nearly five percent in Logan and around one percent in Provo-Orem.
Fiserv says prices will dip further in 2011 with modest appreciation in 2012. Between 2012 and 2013, more than ninety-five percent of all U.S. metro areas will have seen prices rise.
The forecast is based on the Fiserv Case-Shiller Indexes, with data supplemented from the Federal Housing Finance Agency. Fiserv and Moody’s Analytics created the forecasts, which were published in early August.
The second highlight comes from CNN Money’s “Best Places to Live” list. Five Utah cities were on the list that evaluated “America’s best small towns.” The top Utah town was Farmington, coming in at number twelve. The Davis County town got top marks for affordable homes, low taxes, job opportunities, a small-town atmosphere and financial soundness.
Other Utah cities that did well were number twenty-three North Salt Lake, number sixty-three North Logan, number eighty-one Lindon and number eighty-five Draper.
With five cities on the list, Utah had the highest number of best places, along with twelve other states. No state had more than five cities on the list, and many states did not have any towns featured.
The final highlight is Salt Lake City’s recognition by Inman News as one of the top markets for real estate agents. Utah’s capital recently ranked number four on the group’s list of metros where real estate professionals are doing comparatively well. The report looked at sales, median prices, real estate licensee data and Realtor membership counts for its analysis.
More great news… check out utahREpro aka Chris Nichols on ABC 4 News this week: