We have been talking about investing in real estate, and today I want to provide a Utah housing market update. I had an opportunity to attend the 2017 Market Forecast meeting for Salt Lake County, which is run every year by the Salt Lake Board of Realtors. These events attract a lot of high profile speakers. We heard from the Director of Economic Development at the University of Utah, who consults for the state of Utah. This year we also heard from the economic advisor for the National Board of Realtors, who gave us some idea of market trends nationally as well as what’s happening here in Utah.
Property Management Blog
2017 Utah Housing Market Update | Property Management Education
Jason Wolf - Monday, November 6, 2017
On average, between 2015 and 2016, there was a 9 percent increase. We don’t expect that’s sustainable. We can only make so much money, and once we catch up to household income, we expect prices to level out. It’s a great time to invest in rental property.
If you have any questions about rental market trends or you’d like a copy of the report I’ve been talking about, please contact us at Property Solutions of Utah. We’d be happy to help you find an investment property and to provide property management in Salt Lake City.