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Utah Ranks High As Improving Home Prices

Written by June Holder

According to the Utah Realtor forecast, the housing market for Utah appears to be coming back faster than other states. As a matter of fact, two national reports have ranked Utah among the top 10 for improvements in home price.

The Federal Hosing Finance Agency placed Utah as #8 among house-price appreciation. According to the study, the agency shows the Fannie Mae and Freddie Mac statewide home prices increased about 3% in the first quarter compared to last year at this same time.

During the first three months of this year, in comparison to last year—the increase was more than 2%. Southern Utah did exceptionally well, especially St George placing 12th highest.

As Short Sales and Foreclosures slowly diminish, Utah is still selling strong with 5.3% increases in prices being the highest in the country. With this data, we are finding that it is far cheaper to buy than to rent.

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