Two of Utah’s largest cities have been featured on Zillow’s Hottest Housing Markets of 2016 list.
Salt Lake City and Ogden were included in the top ten, along with Seattle, Dallas, Richmond (VA), and Denver. The study examined income potential, unemployment, and property values across the country and found that these cities were filled with opportunity.
“Utah has great incomes, low unemployment we also have a high forecast for continued appreciation, which we’re thinking around 5 percent for 2016,” said Realtor Jennifer Gilchrist. “Ogden had quite a lot of appreciation, there was seven percent appreciation over last year, the median home price went up seven percent.”
Homeowners who suffered during the recession are now seeing property values rise and an influx of prospective buyers. It’s the perfect time to sell, and Utah has one of the best housing markets to sell in!
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This news summary contains excerpts from the KUTV website dated January 14th, 2016