With areas like California, Florida, Nevada, The Midwest etc. all caught in the midst of a housing market flux, please keep in mind… THAT’S NOT US! We are leading the nation in appreciation for the fifth straight quarter. If you’re looking for the exact numbers, it’s 12.9%. That’s 12.9% higher than we were third quarter of last year, and more than a full percent above our closest competitor.
The numbers come from The Office of Federal Employee Housing Enterprise Oversight, That’s OFHEO for those who believe in Government abbreviations. This agency releases a report each quarter that ranks states and major metropolitan areas based on year over year growth. One of the features of the agency’s website I find most interesting is the link that allows you to compare several states against each other. See how we stack up to where you currently call home. Then drop me a line and we’ll see about getting you a NEW home close to skiing, hiking, biking, boating, and anything else you can think of.
Several recent news columns have give the credit for our continued growth to a variety of factors, but Forbes.com may have been on track when they ranked Salt Lake City as the best city for jobs recently. The state’s booming economy, central location, and easy accessibility provide strong motives for growth.
I think also a portion of growth is driven by an ever increasing second home market. A well know contributor to MSN.com listed Park City as one of her top 10 locations for second homes.
Whatever the reasons for the growth, I’m happy to have it here, and if history serves as a guide (check the last 20+ years of OFHEO stats), I look forward to more appreciation and more growth… Not to mention a spectacular ski season. Perhaps you should join me for both.
