Posts Tagged ‘Collectibles’

The Reasons Why My Family Looks For Homes in Utah

November 19th, 2022

Finding a home that fits your entire family can be difficult. That is why when we made our decision to move to Utah, we considered important factors specific to our family. In this article, we’ll discuss the availability of employment and how that can positively (or negatively) affect your family.

Today, the economic position of our country is not good. We seem to be pinned down, while the world continues to sucker punch us in the kidney over and over again. When relocating your family, it is important to look for a place where employment is readily available, in the event that it must be sought out. Money is the life-blood of a family unit, and without it, no nourishment can be obtained, no bills can get paid. Living unemployed is a difficult thing to do, as work also gives us a sense of pride and confidence in ourselves.

Utah has many jobs opportunities available. Many small businesses have also been started in this area. There are your conventional stores in malls, grocery stores, fast food and other restaurants, movie theaters, Walmarts, BestBuys, and such. However, there are also a lot of software companies in the area. Omniture, a web analytics company recently bought out by Adobe, is based in Utah. Microsoft is considering expanding to the Utah valley. Alarm companies, such as APX Alarm and Pinnacle Security, are based in Utah. NuSkin is based in Utah. There are also many industrial or constructive companies around to meet the employment needs in the state. If employment is your biggest factor in moving, look for homes in Utah today.

New Homes in Utah Are Priced Lower Than Ever

April 22nd, 2022

After several years of a nationwide economic recession, with Utah’s residential real estate market never rising quite as high as the rest of the country, Utah has now seen what experts believe is the bottom of the downturn. New home sales in Utah are predicted to rise significantly over the next year because of the depressed prices and the still strong employment rate.

Utah’s unemployment rate hovers at 6.8% compared to almost 10% nationwide (see link to Utah Jobs data at end of article). Beginning in October of 2008 and continuing into 2009, the US entered the fastest free fall in job losses since the Great Depression. Now that the current Utah employment data can be compared to that free fall, we can see that employment has begun to improve over the past several months. Because we do not see a continued incline in unemployment, experts are saying that Utah has begun to moderate.

Construction was hit most heavily during this downturn with Utah seeing all the constructions jobs created since the 2004 housing boom almost completely evaporate. Many Utah homebuilders cut workforce and scaled back new home building in Utah.

Foreclosures also skyrocketed in 2008 and through 2009 with Utah seeing a 96% increase in foreclosures from Q3 of 2008 to Q3 of 2009. Foreclosures are projected to continue to rise through 2012 at a much slower rate. Experts expect to see up to 69,383 total foreclosures by 2012 compared to the current 50,579 ( 18,804 new foreclosures yet to happen). These foreclosures have dramatically lowered home values, creating great opportunity for the steadily employed who may be looking to buy sometime soon.