Salt Lake Real Estate is Strong Due to Job Growth
February 15, 2006
The Salt Lake Real Estate market has improved in 2005 and is heating up in 2006. Properties are selling quickly and are now seeing multiple offer situations. Demand is strong especially for the Sugarhouse, Avenues, and Park City. Much of the demand is coming from Utahs job growth. In 2005, Utah and the Salt Lake Valley were 5th in the nation creating over 52,000 jobs. Here is just an exert from the Salt Lake Tribune article. For those interested, email me and I will fax or email you the entire article.
"The 4.8 percent increase in January is well above Utah's job growth of 3.6 percent just one year ago and much higher than the national average of 1.6 percent. Knold said the state's strong job growth is making it easier for unemployed Utahns to quickly find a job that fits their education and training. During the height of Utah's recession in recent years, many Utahns who were laid off struggled to find work at similar skill and pay levels, leaving many people under-employed. "It's a job-seekers market now," Knold said.
"The 4.8 percent increase in January is well above Utah's job growth of 3.6 percent just one year ago and much higher than the national average of 1.6 percent. Knold said the state's strong job growth is making it easier for unemployed Utahns to quickly find a job that fits their education and training. During the height of Utah's recession in recent years, many Utahns who were laid off struggled to find work at similar skill and pay levels, leaving many people under-employed. "It's a job-seekers market now," Knold said.

