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Utah's Solid Economy Increases Demand for Housing

Salt Lake County's residential real estate expansion rests on the strong growth of the local economy.  In 2013, the Utah economy had a solid year with an increase of more than 40,000 jobs and an unemployment rate less than 5 percent.  Utah currently ranks fourth among all states in relative job growth.  Most important, employment has recovered from the Great Recession and job growth is leading to higher rates of net in-migrtation, a very favorable sign for the real estate and home building industry.  Net in-migration is one of the most important drivers of demand for housing. (James Wood, Director of the University of Utah's Bureau of Economic and Business Research)


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