As the housing market recovers from the Great Recession, Utah leads the nation on Freddie Mac’s Multi-Indicator Market Index (MiMi).
MiMi measures the stability of the national housing market. Utah is one of the top five housing markets, with a MiMi score of 94.5. The national MiMi value is currently 82.7. Of 100 metro areas included in MiMi, Salt Lake City also ranks in the top five (97.7). Month after month, Ogden UT has been touted as one of the most improved metro areas.
Utah’s rapid housing growth is part of a growing national trend. Across the country, homeowners are seeing their property values rise as investment surges. In January 2016, 44 of 50 states had consistent growth while maintaining market stability. If you are interested in owning your own home, this is the perfect time to buy!
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This news summary contains excerpts from the RISMedia article dated April 2nd, 2016