Do unemployment rates and home prices have a link?

Do unemployment rates and home prices have a link?

A few weeks ago I wrote a blog about the low unemployment rate in Logan, Utah. Logan has the second lowest unemployment rate in the nation at 2.8%.

Today I read that a report by the Federal Housing Finance Agency said while home prices in Utah have dropped over 6%, home prices in Logan increased 1.9 percent last year. That ranks Logan 32nd in the country among metropolitan areas.

So my question is, do these two stories have something in common or is this just a coincidence?

Johnnie Rosser

RE/MAX Excel

Logan, Utah

http://uthomelist.com